What is the GMP of Anand Seamless IPO today?

The Grey Market Premium (GMP) for Anand Seamless IPO is currently ₹0. With an upper price band of ₹72, the estimated listing price is ₹72 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Anand Seamless IPO?

The price band for Anand Seamless IPO is ₹72 to ₹72 per equity share. The minimum lot size is 3200 shares, which requires a minimum retail application investment of ₹2,30,400.

What are the important dates for Anand Seamless IPO?

Anand Seamless IPO opens for subscription on 2026-09-22T00:00:00 and closes on 2026-09-24T00:00:00. The basis of allotment is scheduled for 2026-09-25T00:00:00, and shares are expected to list on 2026-09-29T00:00:00 on BSE, NSE.

How can I check the allotment status for Anand Seamless IPO?

You can check Anand Seamless IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Anand Seamless IPO?

Investors can apply for Anand Seamless IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Anand Seamless IPO open and close?

The IPO opens on 22 Sept 2026, and closes on 24 Sept 2026.

What is Anand Seamless IPO price band?

The issue price band is ₹72.00 per equity share.

What is the Anand Seamless IPO lot size?

The minimum lot size is 3200 shares per application.

What is the Anand Seamless IPO allotment date?

The allotment is scheduled on 25 Sept 2026.

Anand Seamless IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

26.00 Cr

Price Band

₹72.00

Lot Size

3200 Shares

Min Investment

₹4,60,800

GMP

₹0

Subscription

1.47x

₹35.63 Cr

22 Sept 2026

IPO Opens

COMPLETED

24 Sept 2026

IPO Closes

COMPLETED

25 Sept 2026

Basis of Allotment

COMPLETED

28 Sept 2026

Refunds

COMPLETED

28 Sept 2026

Demat Credit

COMPLETED

29 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

22 Sept 2026

IPO ClosesDONE

24 Sept 2026

Basis of AllotmentDONE

25 Sept 2026

RefundsDONE

28 Sept 2026

Demat CreditDONE

28 Sept 2026

ListingDONE

29 Sept 2026

About Anand Seamless IPO

Anand Seamless IPO open date is September 22, 2026 and the IPO will close on September 24, 2026. Anand Seamless IPO is a Fixed Price Issue. The company to raise around ₹25.52 crores via IPO that comprises fresh issue of ₹25.52 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Anand Seamless IPO price band is ₹72 per share. The retail quota is 50%, QIB is [.]%, and HNI is 50%. Anand Seamless IPO to list on BSE SME on September 29, 2026. The allotment of Anand Seamless IPO date is September 25, 2026.

The company reported revenue of ₹56.17 crores in 2026 against ₹33.64 crores in 2025. The company reported profit of ₹5.48 crores in 2026 against profit of ₹2.65 crores in 2025.

IPO Details

Anand Seamless IPO Details and Specifications
IPO Date	22 Sept 2026 to 24 Sept 2026
Face Value	₹10 Per Share
Price Band	₹72.00
Lot Size	3200 Shares
Total Issue Size	Approx 26.00 Cr 35,44,000 Equity Shares
Fresh Issue	Approx 24.00 Cr 33,66,400 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	50%
Sale Type	Fresh Issue
Issue Type	Fixed Price Issue
Listing Date	29 Sept 2026
Listing At	BSE
Total Subscription Amount	₹35.63 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
NII	16,83,200	50.00%
- bNII > ₹10L	16,83,200	0.00%
- sNII < ₹10L	TBA	0.00%
Retail	16,83,200	50.00%
Market Maker	1,77,600	0.00%
Total	35,44,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	6,400	₹4,60,800
Individual investors (Retail) (Max)	2	6,400	₹4,60,800
S-HNI (Min)	3	9,600	₹6,91,200

About Company

Since its foundation in 2005, Anand Seamless has been involved in the manufacturing of seamless tubes, pipes, and finned tubes. Its product portfolio consists of carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes used in various industries such as oil & gas, petrochemicals, power plants, and process industries. Its products cater to both domestic and international markets.

In India, Anand Seamless sells its products to the heat exchanger industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and gas refineries, railways, boiler Manufacturing, chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, and Cement Industries. Moreover, its manufacturing facility is located at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.

Contact Details

Plot No. 129-A

Ankhol Patiya, Chhatral-Kadi Road,

Village Indrad, Mahesana,

Kadi, Gujarat, 382715

+91 63573 64613

cs@anandseamless.com

Visit Website

Registrar

MUFG Intime India Pvt Ltd

+91-22-4918 627

anandseamless.smeipo@in.mpms.mufg.com

Lead Managers

Aftertrade Broking Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
29-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
28-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
26-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
25-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
24-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
23-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
22-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
21-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
19-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
18-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0
17-Sep-2026 06:00 PM	+₹0	₹72	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
NII	1.96x	16,83,200	32,99,072	₹23.75 Cr
Retail	0.98x	16,83,200	16,49,536	₹11.88 Cr
Total	1.47x	33,66,400	49,48,608	₹35.63 Cr

Objects of the Issue

01 Financing the cost towards capacity expansion, technological upgradation, cost optimization of the operations and support to the manufacturing facility at Survey No. 944, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat, India, 382715 : 13.20 Cr
02 Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company : 5.73 Cr
03 General Corporate Purpose : 3.70 Cr
04 Issue Expenses : 3.13 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	56.17	33.64	37.00
Profit After Tax	5.48	2.65	3.36
EBITDA	10.22	5.90	6.51
NET Worth	19.52	14.05	11.40
Reserves and Surplus	11.10	13.94	11.29
Total Borrowing	28.21	21.22	14.21

Amount in ₹ Crore

IPO Valuation - KPI

KPI	30 Sep 2025
ROCE	11.65%
Debt/Equity Ratio	1.38
Return on Net Worth (RoNW)	16.57%
PAT Margin	9.31%
EBITDA Margin	16.09%
Net Asset Value (NAV)	₹19.98

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Scoda Tubes Limited	6.79	19.62	65.15	9.95	529.22
Ratnamani Metals & Tubes Limited	68.85	34.16	586.46	13.00	4,615.91
Gandhi Special Tubes Limited	56.26	15.69	260.00	21.64	203.61
Venus Pipes & Tubes Limited	49.51	31.86	322.69	15.25	1,178.48

Promoters and Holding Pattern

Kedar Mayank Choksi, Mayank Bhikhabhai Choksi, Heta Kedar Choksi are the company's promoters of Anand Seamless.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	100.00%	70.39%
Others*	0.00%	29.61%

Strengths

Diversified Product Portfolio: Offers a wide range of seamless tubes, pipes, U-bend tubes, and value-added finned tubes for industrial applications.
Serves a broad spectrum of high-demand industries, including oil & gas, petrochemicals, power generation, chemicals, pharmaceuticals, railways, automobiles, and defense.
In-House Manufacturing & Capable Facilities: Manages core processes in-house, such as cold drawing, heat treatment, testing, and fin-tube production.
Industry Approvals & Experience: Operates with over 17 years of industry experience and holds key quality and boiler-related certifications necessary for regulated sectors.
Strong Recent Financial Growth: In FY26, revenue surged 66.9% to ₹56.00 crore, EBITDA climbed to ₹10.22 crore, and Profit After Tax (PAT) doubled to ₹5.48 crore with an ROE of 28%.

Risks

Earnings Quality & Negative Cash Flow: Operating cash flow turned negative in recent years (e.g., -₹5.57 crore in FY26) because working capital and inventory ballooned to ₹59.59 crore / ₹44.59 crore, consuming about 80% of annual sales.
Audit Qualifications & Internal Controls: The FY24 audit was qualified due to the company's failure to maintain quantitative inventory records, flagged as a material weakness in internal accounting controls prior to its restatement for the SME IPO.
Rising Debt Levels: Total borrowings/debt roughly doubled over a two-year span to around ₹28 crore.
Uneven Capacity Utilization: While seamless tubes and pipes utilization reached 74.52% in FY26, finned-tube capacity utilization lagged significantly lower at 40.10%.
Customer & Raw Material Concentration: The business remains vulnerable to volatility in raw-material steel prices, availability constraints, and reliance on key customer and supplier relationships.

Frequently Asked Questions (FAQ)

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About Anand Seamless IPO

The company reported revenue of ₹56.17 crores in 2026 against ₹33.64 crores in 2025. The company reported profit of ₹5.48 crores in 2026 against profit of ₹2.65 crores in 2025.

IPO Details

Anand Seamless IPO Details and Specifications
IPO Date	22 Sept 2026 to 24 Sept 2026
Face Value	₹10 Per Share
Price Band	₹72.00
Lot Size	3200 Shares
Total Issue Size	Approx 26.00 Cr 35,44,000 Equity Shares
Fresh Issue	Approx 24.00 Cr 33,66,400 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	50%
Sale Type	Fresh Issue
Issue Type	Fixed Price Issue
Listing Date	29 Sept 2026
Listing At	BSE
Total Subscription Amount	₹35.63 Cr

Investor Category

Shares Offered

% Net Issue

NII

16,83,200

50.00%

- bNII > ₹10L

16,83,200

0.00%

- sNII < ₹10L

TBA

0.00%

Retail

16,83,200

50.00%

Market Maker

1,77,600

0.00%

Total

35,44,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

6,400

₹4,60,800

Individual investors (Retail) (Max)

6,400

₹4,60,800

S-HNI (Min)

9,600

₹6,91,200

About Company

Contact Details

Plot No. 129-A

Ankhol Patiya, Chhatral-Kadi Road,

Village Indrad, Mahesana,

Kadi, Gujarat, 382715

+91 63573 64613

cs@anandseamless.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

29-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

28-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

26-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

25-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

24-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

23-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

22-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

21-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

19-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

18-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

17-Sep-2026 06:00 PM

+₹0

₹72

+0.00%

₹0

Anand Seamless IPO Details

About Anand Seamless IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Anand Seamless IPO open and close?

What is Anand Seamless IPO price band?

What is the Anand Seamless IPO lot size?

What is the Anand Seamless IPO allotment date?

What is the Anand Seamless IPO listing date?

What is the minimum investment required in Anand Seamless IPO?

Join the discussion

Anand Seamless IPO Details

About Anand Seamless IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Anand Seamless IPO open and close?

What is Anand Seamless IPO price band?

What is the Anand Seamless IPO lot size?

What is the Anand Seamless IPO allotment date?

What is the Anand Seamless IPO listing date?

What is the minimum investment required in Anand Seamless IPO?

Join the discussion