Anawil Wire and Engineering IPO
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Anawil Wire and Engineering IPO details
Schedule of Anawil Wire and Engineering
| Issue open date | 03 Aug 2026 |
| Issue close date | 05 Aug 2026 |
| UPI mandate deadline | 05 Aug 2026 (5 PM) |
| Allotment finalization | 06 Aug 2026 |
| Refund initiation | 07 Aug 2026 |
| Share credit | 07 Aug 2026 |
| Listing date | 10 Aug 2026 |
| Mandate end date | 20 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 04 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Nov 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 Anawil Wire and Engineering
Anawil Wire and Engineering Limited is a manufacturing company primarily engaged in the fabrication of windmill towers for the wind energy sector. The company specialises in producing customised towers from heavy and precision steel components to meet specific client requirements. Its core business involves manufacturing tubular steel towers, which are created by rolling and welding heavy steel plates into multiple cylindrical sections. These sections are then assembled at the project site to form the complete tower structure, which supports wind turbine generators. The company commenced its commercial operations in April 2021, initially focusing on steel fabrication of weldmesh and boiler accessories, before strategically shifting to the wind energy sector in 2023. It operates two manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat, which enable direct transportation of finished products to assembly sites and ports, thereby generating revenue through the sale of these fabricated windmill towers to its customers.
Financials of Anawil Wire and Engineering
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 177.81 |
| Fresh Issue – Proceeds go to the company | 142.69 |
| Offer for sale – Proceeds go to the existing investors |
35.12 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment or pre-payment of borrowings | 115 (80.60%) |
| General corporate purposes | 27.69 (19.40%) |
Strengths
- In-house manufacturing facility with stringent quality controls.
- Strategically located manufacturing facilities in Karnataka and Gujarat.
- Strong order book providing revenue visibility.
- Experienced promoters with a proven track record in the industry.
- Well-positioned to capture growth opportunities in the renewable energy sector.
Risks
- The majority of revenue is dependent on the single business segment of tower manufacturing.
- A significant portion of revenues is concentrated from a limited number of states.
- A substantial portion of revenues is dependent upon a few key customers.
- Business is subject to seasonal variations impacting revenues and cash flows.
- The company has a limited operating history in the current line of business.