Anand Seamless IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| NII | 1.13x | 1.22x | 2.06x |
| Retail | 0.05x | 0.36x | 0.98x |
| Total | 0.59x | 0.79x | 1.52x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 37.00 | 33.64 | 56.17 |
| Expense | 32.45 | 30.06 | 48.73 |
| Profit (PAT) | 3.36 | 2.65 | 5.48 |
| Total Assets | 35.55 | 52.40 | 67.58 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Anand Seamless This IPO | 4.58 | 15.72 | 28.05 | 23.17 | - |
| Venus Pipes & Tubes Limited | 49.51 | 31.86 | 15.25 | 322.69 | 1,178.48 Cr |
| Gandhi Special Tubes Limited | 56.26 | 15.69 | 21.64 | 260.00 | 203.61 Cr |
| Ratnamani Metals & Tubes Limited | 68.85 | 34.16 | 13.00 | 586.46 | 4,615.91 Cr |
| Scoda Tubes Limited | 6.79 | 19.62 | 9.95 | 65.15 | 529.22 Cr |
Promoters & Holding Pattern
Promoters: Kedar Mayank Choksi, Heta Kedar Choksi
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 84,25,458 | 100.00% |
| Promoter Holding Post Issue | 84,25,458 | 70.39% |
Strengths & Risks
- Revenue grew 67% in the latest reported year.
- Solid profit margin — 9.8%.
- Strong return on equity — 28%.
- Elevated leverage — debt/equity of 1.44.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Anand Seamless
Incorporated in 2005, 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. Product Portfolio: - Seamless Tubes and Pipes - Finned Tubes The company cater to both the domestic as well as the international markets. In the domestic market, we sell our Products to Heat Exchanger Industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and Gas Refineries Railways, Thermal & Nuclear Power Plants, Boiler Manufacturing, Chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, Cement Industries. The company operate at their owned manufacturing unit situated at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India. As of March 31, 2026, the company employs 81 permanent employees and engages 57 contractual personnel at the Unit I facility and, 19 permanent employees and 10 contractual personnel at the Unit II facility. Competitive Strengths: - Diversified Product Range - International Accreditations and product approvals - Extensive and Effective Quality Control - Customer Diversification - Experienced and Qualified Team
Company Contact Information
Plot No. 129-A Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mehsana Gujarat
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| 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 |
| Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company | 5.73 |
| General corporate purposes | 3.70 |
| Issue Expenses | 3.13 |
Resources & Documents
Anand Seamless IPO - Quick Take
Anand Seamless has fixed the issue price at Rs 72 per share for an issue size of Rs 26 crore. The stock listed with a 0.14% gain versus its issue price on September 29, 2026.
The issue is promoted by Kedar Mayank Choksi, Heta Kedar Choksi with Aftertrade Broking Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards financing the cost towards capacity expansion, technological upgradation, cost optimization of the operations and suppor… (Rs 13 crore) and full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company (Rs 6 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 15.72x. On fundamentals, the company is posting revenue growth of 67.0%, a profit margin of 9.8%, return on equity of 28.1% in its most recent reported period. Listed peers in this segment include Venus Pipes & Tubes Limited (P/E 31.86x) and Gandhi Special Tubes Limited (P/E 15.69x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Anand Seamless IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. No grey market premium was recorded for Anand Seamless before it listed.
See the full Anand Seamless GMP history and trend, or learn how grey market premium works and how reliable it is.
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