Anubhav Plast IPO
Anubhav Plast IPO Listing Day Performance
Anubhav Plast listed on BSE SME on 29 June 2026 at ₹80.00, a 0% premium over the issue price of ₹80. A retail investor allotted the minimum application of 3,200 shares (2 lots) gained ₹0 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹0 (+0%) |
| GMP-implied listing | ₹80 |
| Actual listing | ₹80.00 |
| Difference | +₹0 (+0%) |
Demand going into listing
| Subscribed overall | 2.26× |
| QIB | 1.23× |
| NII | 2.84× |
| Retail | 2.6× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| QIB | 1.01x | 1.01x | 1.01x | 1.23x | 1.23x |
| NII | 1.13x | 1.13x | 1.13x | 1.53x | 2.84x |
| bNII > ₹10L | 1.53x | 1.53x | 1.53x | 2.06x | 2.84x |
| sNII 2-10L | 1.53x | 1.53x | 1.53x | 2.06x | 2.84x |
| Retail | 1.20x | 1.20x | 1.20x | 1.61x | 2.60x |
| Total | 1.13x | 1.13x | 1.13x | 1.49x | 2.26x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| 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 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Anubhav Plast This IPO | 7.50 | - | 47.78 | 19.44 | - |
| New Malayalam Steel Limited | 3.19 | 7.45 | 5.63 | 45.32 | 308.37 Cr |
| P S Raj Steels Limited | 9.83 | 40.53 | 11.41 | 86.14 | 266.31 Cr |
Promoters & Holding Pattern
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%.
- Elevated leverage — debt/equity of 1.67.
- 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 Anubhav Plast
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.
Company Contact Information
Anubhav Plast Ltd., 7/41 A, Basement, Basant Tower, Tilak Nagar, Swarup Nagar, Kanpur, Uttar Pradesh, 208002
Objects of the Issue
| 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
Anchor Investors
Anubhav Plast IPO - Quick Take
Anubhav Plast has set a price band of Rs 77–Rs 80 per share for an issue size of Rs 24 crore. The stock listed flat against its issue price.
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).
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 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
Anubhav Plast IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Anubhav Plast GMP history and trend, or learn how grey market premium works and how reliable it is.
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