Anand Seamless IPO
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.
IPO GMP
₹0
+0% expected gain
Price Band
₹72
Lot Size
3200 shares
Min Investment
₹2,30,400
Listing Date
September 29, 2026
About Anand Seamless
Company overview, business, and key facts.
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.
Founded
2005
Headquarters
Kadi, Gujarat
Promoters
Kedar Mayank Choksi, Mayank Bhikhabhai Choksi, Heta Kedar Choksi
Website
https://www.anandseamless.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Anand Seamless IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹86.2 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
15.7x
Peer median 25.7x (discount of 38.9%)
Price to sales
1.53x
Revenue growth, 2026
+67%
23.2% a year over the period
Profit growth, 2026
+106.8%
27.7% a year over the period
Profit margin (PAT)
9.8%
EBITDA margin 18.25%
ROE / ROCE
28.05% / 20.66%
As published in the offer document
Debt to equity
1.44
Promoter holding
100% → 70.39%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
3200 shares on ₹2,30,400. GMP is unofficial.
What stands out
- Profit grew 106.8% in 2026.
- Priced at a 38.9% discount to the peer median P/E of 25.7.
Watch-outs
- Leverage: debt to equity is 1.44.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Anand Seamless's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Anand Seamless IPO Review
Analysis based on live GMP, subscription, and issue details.
Anand Seamless IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 1.44x overall — QIB: —, NII: 1.86x, Retail: 0.96x.
Anand Seamless IPO subscription has closed. The shares are expected to list on September 29, 2026.
The minimum investment required is ₹2,30,400 for 3200 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Anand Seamless IPO — Frequently Asked Questions
What is Anand Seamless IPO GMP today?
Anand Seamless IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Anand Seamless IPO?
The price band for Anand Seamless IPO is ₹72 with a lot size of 3200 shares. The minimum investment required is ₹2,30,400.
When is Anand Seamless IPO allotment date?
Anand Seamless IPO allotment is expected to be finalised on September 25, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will Anand Seamless IPO list on NSE/BSE?
Anand Seamless IPO is expected to list on BSE SME on September 29, 2026.
How to check Anand Seamless IPO allotment status?
To check Anand Seamless IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Anand Seamless IPO?
Anand Seamless IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Anand Seamless IPO?
The lot size for Anand Seamless IPO is 3200 shares per lot. The minimum investment for retail investors is ₹2,30,400. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.