GMP IPO Watch
Anand Seamless IPO Overview
Anand Seamless IPO is currently open for subscription and has entered its second day of bidding on September 23, 2026. The company is raising approximately ₹25.52 crore through a fresh issue of 35.44 lakh shares. The IPO is a fixed-price SME issue and the shares are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| IPO Name | Anand Seamless IPO |
| IPO Type | SME Fixed Price |
| IPO Price | ₹72 per Share |
| Issue Size | ₹25.52 Crore |
| Fresh Issue | 35.44 Lakh Shares |
| Lot Size | 1,600 Shares |
| Minimum Retail Application | 3,200 Shares / ₹2,30,400 |
| Open Date | September 22, 2026 |
| Close Date | September 24, 2026 |
| Allotment | September 25, 2026 |
| Refund / Share Credit | September 28, 2026 |
| Listing Date | September 29, 2026 |
| Listing Platform | BSE SME |
| Lead Manager | Aftertrade Broking |
| Registrar | MUFG Intime India |
The minimum retail application is two lots, or 3,200 shares, requiring an investment of ₹2,30,400 at the issue price.
Anand Seamless IPO GMP Today
The Anand Seamless IPO GMP is currently ₹0 / not started in the latest available GMP updates. Since grey market premium is unofficial and can change quickly, investors should not treat GMP as a guaranteed indication of the listing price.
With the issue price fixed at ₹72, a GMP of ₹0 indicates an unofficial estimated price of around ₹72. However, the actual listing price will be determined by market conditions after listing.
Anand Seamless IPO Subscription Update
The IPO opened on September 22 and closes on September 24, 2026. At the end of Day 1, the issue was subscribed around 0.59 times, with NII subscription at approximately 1.13 times and retail subscription at around 0.05 times. Day 2 bidding is continuing and the final subscription figures can change before the issue closes.
The issue has allocations for NII and retail investors, while market-maker shares form a separate portion of the offering.
Anand Seamless Business Details
Anand Seamless Limited, established in 2005, manufactures seamless carbon steel and alloy steel tubes, pipes, heat exchanger tubes and specialised finned tubes. Its products are used across industries such as oil and gas, petrochemicals, power generation, pharmaceuticals, chemicals, automobiles, railways and other process industries.
The company operates its manufacturing facility in the Kadi region of Gujarat and serves both domestic customers and overseas markets, including the United States, UAE and Germany.
Anand Seamless Financial Performance
Anand Seamless reported a significant increase in revenue and profit in FY26 compared with FY25. According to available financial data, total income increased from ₹33.64 crore in FY25 to ₹56.17 crore in FY26, while PAT increased from ₹2.65 crore to ₹5.48 crore.
| Particular | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | ₹37.00 Cr | ₹33.64 Cr | ₹56.17 Cr |
| PAT | — | ₹2.65 Cr | ₹5.48 Cr |
The FY26 financial improvement is supported by higher sales, with net sales reaching about ₹56 crore compared with ₹33.55 crore in FY25.
Anand Seamless IPO Objects
The company plans to use the IPO proceeds for capacity expansion, technological upgrades, cost optimisation and support for its manufacturing facility in Gujarat. A portion of the funds is also intended for repayment or prepayment of outstanding borrowings, while the remaining amount will be used for general corporate purposes.
The company's IPO documents indicate approximately ₹13.2 crore for capacity expansion and technology-related requirements and about ₹5.73 crore for repayment or prepayment of borrowings.
Anand Seamless IPO Key Points
Anand Seamless brings a specialised manufacturing business to the SME IPO market, with products serving multiple industrial applications. Its integrated manufacturing facility and established presence in seamless and finned tubes are important parts of its business profile.
At the same time, investors should consider factors including customer concentration, dependence on raw-material suppliers, manufacturing capacity utilisation, machinery or expansion execution and existing borrowing obligations.
Anand Seamless IPO Important Dates
The IPO opened on September 22, 2026, and bidding will close on September 24. The basis of allotment is expected on September 25, refunds and share credits are scheduled for September 28, and the proposed BSE SME listing date is September 29, 2026.
Disclaimer: Anand Seamless IPO GMP is unofficial and may change at any time. GMP should not be considered a guarantee of the actual listing price or future performance. Investors should review the company's offer documents, financials and risks before making an investment decision.
