Summary
The Anand Seamless IPO is an SME fixed-price IPO, scheduled to open on 22 September 2026 and close on 24 September 2026.
The tentative listing of the IPO shares is fixed on 29 September 2026 on the BSE SME platform.
The share issue price is fixed at ₹72 per share, with a minimum application of 2 lots (3,200 shares).
Anand Seamless IPO is a fixed-price SME IPO that is issuing 35,44,000 fresh equity shares at a fixed price of ₹72 per share, aggregating to ₹25.52 crore. The shares are scheduled to open on 22nd September 2026 and close on 24th September 2026. The minimum application is 2 lots, or 3,200 shares, requiring an investment of ₹2,30,400. The shares are proposed for listing on the BSE SME platform, with the tentative listing date fixed on 29 September 2026.
Anand Seamless IPO Key Details
The table below presents the essential details investors should know before applying for the Anand Seamless IPO.
| IPO Open Date | 22 September 2026 |
| Close Date | 24 September 2026 |
| Face value | ₹10 per share |
| Issue Price | ₹72 per share |
| IPO Lot Size | 1,600 shares |
| Fresh issue | 35,44,000 shares |
| Offer for Sale | – |
| Type of issue | Fixed Price IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹25.52 crores |
| Minimum Investment | 2 lots (3,200 shares) |
Anand Seamless IPO Timeline
Below is the complete schedule of events for the Anand Seamless IPO.
| Bid Opening | 22 September 2026 |
| Bid Closing | 24 September 2026 |
| Tentative Allotment | 25 September 2026 |
| Initiation of Refunds | 28 September 2026 |
| Credit of Shares to Demat | 28 September 2026 |
| Tentative Listing Date | 29 September 2026 |
| UPI mandate closing date | 24 September 2026 |
Key Performance Indicators of Anand Seamless IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 28.05 | 18.87 | 29.52 |
| ROCE (%) | 20.66 | 15.64 | 23.90 |
| Debt Equity (in times) | 1.44 | 1.51 | 1.25 |
| RoNW (%) | 28.05 | 18.87 | 29.52 |
| PAT Margin (%) | 9.75 | 7.88 | 9.09 |
| EBITDA margin (%) | 18.25 | 17.58 | 17.65 |
| Price to book |
Anand Seamless IPO Financial Details
The Financial information of the Anand Seamless IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 56.00 | 33.54 | 36.90 |
| Total Asset | 67.58 | 52.40 | 35.55 |
| Profit | 5.47 | 2.65 | 3.36 |
(Amount in ₹ Crores)
Anand Seamless IPO Subscription Status
The subscription data will be available once bidding begins.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Anand Seamless IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Anand Seamless IPO shows a GMP of ₹0.
| GMP Date | GMP | Est. Listing Price | Est. Gain | Last updated |
| 18-09-2026 | ₹0 | ₹72 | 0.00% | 18-09-2026, 11:35 |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Anand Seamless IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | % of Net Issue | % of Total Issue |
| Market Maker | 1,77,600 | 5.01 | |
| NIIs | 16,83,200 | 50.00 | 47.49 |
| Retails | 16,83,200 | 50.00 | 47.49 |
| Total | 35,44,000 | 100% | 100% |
Anand Seamless IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 3,200 | 2,30,400 |
| Individual Investor IND (Max) | 2 | 3,200 | 2,30,400 |
| HNI (Min) | 3 | 4,800 | 3,45,600 |
Anand Seamless IPO Prospectus
Investors can access the offered prospectus for the Anand Seamless IPO mentioned below.
About Anand Seamless Ltd.
Anand Seamless Limited was incorporated in 2005 and is engaged in manufacturing seamless tubes, pipes and specialised finned tubes for industrial applications. Its products are used across sectors such as oil and gas, power, petrochemicals, pharmaceuticals, chemicals, automobiles and defence. The company operates a manufacturing facility in Gujarat and has an integrated production setup covering processes such as cold drawing, heat treatment, testing and fin-tube manufacturing. Its product portfolio includes different types of finned tubes, such as extruded fin tubes, low-fin tubes, embedded fin tubes, L-type fin tubes, welded fin tubes, crimped fin tubes and studded fin tubes.
Promoters:
- Kedar Mayank Choksi
- Heta Kedar Choksi
| Book Runner | Aftertrade Broking Pvt. Ltd. |
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
Purpose of Anand Seamless IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| For funding capital expansion, technological upgradation, cost optimisation, and supporting the manufacturing facility | 13.20 |
| For repayment of prepayment of outstanding borrowings | 5.73 |
| General Corporate Purposes | 3.70 |
| Issue Expenses | 3.13 |
| Total | 25.76 |
Anand Seamless Ltd.- Strengths and benefits
- International Certifications: The company has certifications and product approvals that support its presence in regulated domestic and international markets. Its certifications include ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.
- Integrated Facilities: Its manufacturing setup includes in-house processes such as cold drawing, heat treatment, testing and fin welding, helping the company maintain control over production and quality.
- Diverse Product Portfolio: It manufactures several types of seamless and finned tubes used across multiple industrial applications. This allows it to serve customers from different sectors.
Anand Seamless Ltd- Risks and limitations
- Customer Concentration: A significant portion of the company’s revenue is generated from a limited number of customers. The top 10 customers accounted for 59.21% in FY2026, 61.62% in FY2025, and 47.36% in FY2024. Losing a major customer or a reduction in orders could affect revenue and cash flows.
- Top Supplier Concentration: The company depends on a limited number of suppliers for raw materials. The top suppliers account for a substantial portion of raw material purchases, creating a risk if supplies are disrupted or input prices increase. It shows that the top 10 suppliers contributed 85.36% in FY2026, 81.30% in FY2025, and 68.15% in FY2024.
- Legal Compliance: The company and promoter are involved in certain legal proceedings. Any unfavourable outcome in these matters could adversely affect our business, financial condition, and results of operations.
Anand Seamless IPO Review
The Anand Seamless IPO is aiming to raise ₹25.52 crore through a fresh issue of 35,44,000 shares at ₹72 per share. The IPO will be open for subscription on 22nd September 2026 and close on 24th September 2026. The tentative allotment date is fixed on 25 September, while refunds and credit of shares to demat accounts are expected to be on 28 September. The shares are expected to list on the BSE SME platform on 29 September 2026. The minimum retail application of 3,200 shares requires ₹2,30,400, at the issue price of ₹72. The retail investors and NIIs each have a 50% allocation of the net issue, while 1,77,600 shares, or 5.01% of the total issue, are reserved for the market maker.
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Anand Seamless IPO FAQs
The Anand Seamless IPO is an SME fixed-price public issue of 35,44,000 fresh equity shares priced at ₹72 per share. The total issue size is ₹25.52 crore, and the shares are proposed for listing on the BSE SME platform.
Investors can apply for the Anand Seamless IPO through their eligible broker using the ASBA facility or UPI-based application process, subject to the applicable IPO rules. Investors should check the final issue documents and their broker’s process before applying.
The company has a diversified product portfolio, industrial customers, certifications and an integrated manufacturing setup. At the same time, its prospectus highlights customer and supplier concentration, and compliance risks. Investors should consider these factors along with the IPO price and their own investment objectives.
The Anand Seamless IPO is scheduled to open on 22 September 2026 and close on 24 September 2026.
The IPO lot size is 1,600 shares. Retail investors need to apply for a minimum of 2 lots, or 3,200 shares, at ₹72 per share. This makes the minimum application amount ₹2,30,400.
The tentative IPO allotment date is 25 September 2026. Refunds and credit of shares to demat accounts are scheduled for 28 September 2026.
The Anand Seamless IPO is tentatively scheduled to list on the BSE SME platform on 29 September 2026.
