Anubhav Plast IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 87.21 | 87.41 | 98.31 | 80.60 |
| Expense | 86.19 | 84.52 | 89.97 | 73.27 |
| Profit (PAT) | 0.74 | 2.08 | 6.00 | 5.30 |
| Total Assets | 37.91 | 41.69 | 55.50 | 66.69 |
| Company | P/E | EPS |
|---|---|---|
| New Malayalam Steel Limited | 7.45 | 3.19 |
| P S Raj Steels Limited | 40.53 | 9.83 |
Promoters: Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 80,00,000 | 99.99% |
| Promoter Holding Post Issue | 1,10,00,000 | 72.73% |
Strengths & Risks
- Strong return on equity — 48%.
- Grey-market premium is flat or negative — a weak listing-pop signal.
- Elevated leverage — debt/equity of 1.67.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Founded in 1987, Anubhav Plast Limited is a leading manufacturer of Electric Resistance Welding (ERW) steel pipes and tubes in round and square shapes, along with steel tubular poles. Its product portfolio consists of ERW steel pipes and steel tubular poles catering to a wide range of sectors, including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication. The firm sells its products under the brand Anubhav, with its 2 manufacturing facilities in Kanpur Dehat, Uttar Pradesh. As of now, the firm has the capacity to manufacture 7,500 MT of ERW steel pipes and tubes per month and 12,500 swaged steel tubular poles per month in a single shift.
| Purpose | Amount (Cr) |
|---|---|
| Establishment of a new manufacturing facility for the production of Crash Barriers and Solar Panel Structures within the existing manufacturing premises. | 2.20 |
| To meet Working Capital Requirements. | 13.75 |
| General Corporate Purpose | - |
Resources & Documents
Anubhav Plast Ltd., 7/41 A, Basement, Basant Tower, Tilak Nagar, Swarup Nagar, Kanpur, Uttar Pradesh, 208002
Anubhav Plast has set a price band of Rs 77–Rs 80 per share for an issue size of Rs 24 crore. The SME issue is scheduled to open for subscription on June 19, 2026 — 2 days from now.
Founded in 1987, Anubhav Plast Limited is a leading manufacturer of Electric Resistance Welding (ERW) steel pipes and tubes in round and square shapes, along with steel tubular poles. Its product portfolio consists of ERW steel pipes and steel tubular poles catering to a wide range of sectors, including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication.
The issue is promoted by Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta with Capital Square Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Establishment of a new manufacturing facility for the production of Crash Barriers and Solar Panel Structures within the… (Rs 2 crore) and To meet Working Capital Requirements. (Rs 14 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand.
On fundamentals, the company is posting revenue growth of 12.5%, a profit margin of 6.1%, return on equity of 47.8% in its most recent reported period. Listed peers in this segment include New Malayalam Steel Limited (P/E 7.45x) and P S Raj Steels Limited (P/E 40.53x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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