Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Anand Seamless IPO
Price Band
₹
Issue Size
₹25.52 Cr
Lot Size
1,600 shares
Min Investment
₹230,400
2 LOTS MIN
GMP
—
Issue Price
₹72.0
Anand Seamless IPO AI Summary
- Anand Seamless IPO is allotted on BSE SME in the Iron & Steel Products sector.
- Subscription window: 22 Sep–24 Sep 2026, listing on 29 Sep 2026.
Anand Seamless Limited is an iron and steel product manufacturer specializing in seamless tubes and pipes. The company has shown significant revenue and profit growth in recent years, with a diversified product range and strong quality control. The IPO is set to open on 22nd September 2026, with an issue price of ₹72.0.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.47x
| Category | Subscription | Status |
|---|---|---|
| NII (HNI) |
1.96x
|
1.96x |
| Retail (RII) |
0.98x
|
0.98x |
| Total | 1.47x | 1.47x |
Auto-updated every 5 min · As of 24th Sep 2026 18:55
Anand Seamless IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Overall subscribed 1.47x
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 18.5% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Anand Seamless Limited is engaged in the production of seamless tubes, pipes, and finned tubes used in industrial applications. The company operates in the iron and steel manufacturing sector. The company specializes in manufacturing carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes. These products are widely used in industries such as oil & gas, petrochemicals, power plants, and process industries. Anand Seamless Limited focuses on quality-driven manufacturing with certifications like ISO and approvals from agencies such as IBR and Engineers India Limited. It serves both domestic and international clients, including major PSUs and global energy companies, positioning itself as a reliable supplier in the industrial engineering sector. Product Portfolio: Seamless Tubes and Pipes Finned Tubes Competitive Strengths: Diversified Product Range International Accreditations and product approvals Extensive and Effective Quality Control Customer Diversification Experienced and Qualified Team
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 67.58 | 52.40 | 35.55 |
| 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 |
Key Ratios
EPS
₹6.50
NAV
₹16.67
ROE
18.87%
ROCE
15.64%
RoNW
18.87%
P/B Value
4.32
P/E Ratio
11.08
Market Cap
₹86.18 Cr
PAT Margin
7.88%
Debt/Equity
1.51
Peer Comparison
| Company | NAV | RoNW | EPS Basic | P/E (x) |
|---|---|---|---|---|
| Anand Seamless Ltd. | 23.17 | 28.05% | 6.5 | — |
| Scoda Tubes Ltd | 65.15 | 9.95% | 6.79 | 19.62 |
| Ratnamani Metals & Tubes Ltd | 586.46 | 13% | 68.85 | 34.16 |
| Gandhi Special Tubes Ltd | 260 | 21.64% | 56.26 | 15.69 |
| Venus Pipes & Tubes Ltd This IPO | 322.69 | 15.25% | 49.51 | 31.86 |
Promoters
Kedar Mayank Choksi, Heta Kedar Choksi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company 5.49 3 General corporate purposes 3.70 4 Issue Expenses 3.13 Total 25.52
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹33.64 Cr in the year ending 31 Mar 2025, rising to ₹56.17 Cr by 31 Mar 2026. This represents a significant increase in revenue over the period.
Profit Trend
Profit After Tax was ₹2.65 Cr in the year ending 31 Mar 2025, increasing to ₹5.48 Cr by 31 Mar 2026. This shows a positive trend in profitability.
Valuation
Anand Seamless Limited has an EPS of ₹6.50. Priced at an issue price of ₹72.0, this implies a P/E ratio of approximately 11.08. Comparatively, peers in the sector have P/E ratios ranging from 15.69 to 34.16.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares based on demand and supply in the grey market. A higher GMP suggests strong demand and potential for listing gains.
Subscription Demand
As of 24th Sep 2026, the IPO was subscribed 1.47 times overall. The Non-Institutional Investors (HNI) category was subscribed 1.96 times, while the Retail Individual Investors (RII) category was subscribed 0.98 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals, market conditions, and personal financial situation.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may consider avoiding IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 22nd September 2026, closing on 24th September 2026. Allotment of shares will be done on 25th September 2026, and the listing date on the stock exchange is scheduled for 29th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a price higher than the issue price. However, there are risks involved, as market conditions can change rapidly, and there is no guarantee of listing gains.
This evaluation is generated from Anand Seamless's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Anand Seamless IPO open and close?
Anand Seamless IPO opens on 22 September 2026 and closes on 24 September 2026.
When does Anand Seamless IPO list on the stock exchange?
Anand Seamless IPO is scheduled to list on 29 September 2026, with an estimated listing price of ₹72.0 based on current GMP.
What is the lot size for Anand Seamless IPO?
The lot size for Anand Seamless IPO is 1600 shares, requiring a minimum investment of ₹230,400 (2 lots).
What is the TopFund Listing Data Indicator for Anand Seamless?
Anand Seamless's Listing Data Indicator score is 40/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the issue price of Anand Seamless IPO?
The issue price of Anand Seamless IPO is ₹72.0.
What is the minimum investment required?
The minimum investment required is ₹230,400.0.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date for the IPO?
The listing date for the IPO is 29th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of shares based on demand and supply in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Sep 2026
Close
24 Sep 2026
Allotment
25 Sep 2026
Listing
29 Sep 2026
Similar IPOs in Iron & Steel Products
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for Anand Seamless?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.