Anubhav Plast IPO
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Anubhav Plast IPO details
Schedule of Anubhav Plast
| Issue open date | 19 Jun 2026 |
| Issue close date | 23 Jun 2026 |
| UPI mandate deadline | 23 Jun 2026 (5 PM) |
| Allotment finalization | 24 Jun 2026 |
| Refund initiation | 25 Jun 2026 |
| Share credit | 25 Jun 2026 |
| Listing date | 29 Jun 2026 |
| Mandate end date | 08 Jul 2026 |
| Lock-in end date for anchor investors (50%) | 23 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 21 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Anubhav Plast
Anubhav Plast Limited is engaged in the manufacture of Electric Resistance Welding (ERW) steel pipes and tubes, including round and square hollow sections, and swaged steel tubular poles under the “ANUBHAV” brand. The company’s products are used across sectors such as electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication. Its business began with the manufacture of steel tubular poles and later expanded through backward integration with the installation of tube mills for producing ERW steel pipes and tubes. The company operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, and supplies products across multiple states in India. Revenue is primarily generated through the sale of ERW steel pipes and swaged steel tubular poles, which together contribute a substantial portion of its revenue from operations. The company also manufactures products in compliance with various Indian Standards and serves both government and private-sector customers.
Financials of Anubhav Plast
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 24 |
| Fresh Issue – Proceeds go to the company | 24 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Set up a new facility to manufacture crash barriers and solar panel structures | 2.2 (9.17%) |
| Meet working capital requirements | 13.75 (57.29%) |
| General corporate purposes | 8.05 (33.54%) |
Strengths
- Over three decades of operating history in manufacturing steel tubular poles and ERW steel pipes and tubes.
- Diversified product portfolio serving electricity, telecom, construction, irrigation, water supply, and engineering sectors.
- Two manufacturing units with installed capacity of 90,000 MT per annum for pipes and 1,50,000 poles per annum.
- Backward integration through in-house tube mills for manufacturing ERW steel pipes and tubes.
- Long-standing relationships with State Electricity Boards and government customers through tenders and e-marketplaces.
Risks
- The business is dependent on working capital and has significant outstanding borrowings.
- A large portion of revenue is generated through government tenders, making the company dependent on tender awards.
- The company relies on HR coils as a key raw material, and supply disruptions could affect operations.
- Certain regulatory applications and approvals are still pending with government authorities.
- As this is the company’s first public issue, there is no existing market for its equity shares and post-listing liquidity is uncertain.