Anand Seamless IPO
Upcoming SMEAlready have an account? Apply now
Anand Seamless IPO details
Schedule of Anand Seamless
| Issue open date | 22 Sep 2026 |
| Issue close date | 24 Sep 2026 |
| UPI mandate deadline | 24 Sep 2026 (5 PM) |
| Allotment finalization | 25 Sep 2026 |
| Refund initiation | 28 Sep 2026 |
| Share credit | 28 Sep 2026 |
| Listing date | 29 Sep 2026 |
| Mandate end date | 09 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 24 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 23 Dec 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 Anand Seamless
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.
Financials of Anand Seamless
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 25.52 |
| Fresh Issue – Proceeds go to the company | 25.52 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capacity expansion, tech upgradation, and facility support |
13.2 (58.95%) |
| Repayment / pre-payment of borrowings | 5.49 (24.52%) |
| General corporate purposes | 6.59 (25.82%) |
Strengths
- Diversified seamless and finned tube portfolio for various industries.
- Integrated and strategically located manufacturing facility in Gujarat.
- Strong, long-term customer relationships ensuring consistent recurring business.
- Internationally accredited quality assurance driving high product reliability.
- Highly experienced management team leading the steel tube operations.
Risks
- High revenue concentration from top customers (59.21% in FY26).
- High dependence on a limited number of raw material suppliers.
- Risk of machinery order delays causing severe project cost overruns.
- Vulnerable to under-utilized existing and newly expanded manufacturing capacity.
- Risk of default on existing secured and unsecured borrowing covenants.