Anand Seamless IPO
LISTEDSMEListing Performance
▲ 0.14%
Issue Price
₹72
Listing Price
₹72
Listed On
29 Sep 2026
- Price Band
- ₹72 – ₹72
- Lot Size
- 1,600
- Lot Value
- ₹1,15,200
- Open Date
- 22 Sep22 Sep 2026
- Close Date
- 24 Sep24 Sep 2026
- Min Investment
- ₹1,15,200
About Anand Seamless
Use of IPO Proceeds
Total allocation: ₹18.63 Cr (excludes issue expenses)
Promoters
Kedar Mayank Choksi
Promoter
Pre-issue: 55.34%
Mayank Bhikhabhai Choksi
Promoter
Pre-issue: 34.27%
Heta Kedar Choksi
Promoter
Pre-issue: 1%
Investment Analysis
Quick Analysis: 3 strengths · 6 risk factors· Exchange: BSE SME
Strengths (3)
- •Significant promoter experience in steel tubes and pipes industry
- •Quality certifications and track record of meeting prescribed standards
- •Repeat customer orders and established relationships enabling production predictability
Risk Factors (6)
- •Significant revenue concentration with top 10 customers accounting for 71.71% of revenue; loss of key customers could materially harm business.
- •First public issue with no established market for equity shares; issue price may not reflect post-listing market price.
- •Revenue concentration in specific geographical regions exposes business to regional economic, regulatory, and operational risks.
- •No assurance that key customer relationships can be maintained or timely replaced if customers shift to competitors.
- •Material civil litigation pending against company with amounts not ascertainable; direct tax proceedings involving company.
- •Failure to sustain business volumes or retain customers on favorable terms could materially impact profitability and cash flows.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.44x (NII 1.86x, Retail 0.97x) at close
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,15,200 |
| Retail (max) | 1 | 1,600 | ₹1,15,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (min) | 9 | 14,400 | ₹10,36,800 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | — | — |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | 0.05x | 0.36x | 0.97x |
| Total | 0.56x | 0.75x | 1.44x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
0.97x
Allotment Ratio
Full allotment
Allotment Probability
~100.0%
Non-Institutional Investors (NII / HNI)
Subscription
1.86x
Allotment Type
Proportionate allotment
Total Subscription
1.44x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
22 Sep 2026 · Tue
Issue Closes
24 Sep 2026 · Thu
Bidding Cut-off (UPI Mandate)
24 Sep 2026 · 5:00 PM IST
Allotment
25 Sep 2026 · Fri
Listing
29 Sep 2026 · Tue
Issue Opens
22 Sep 2026 · Tue
Issue Closes
24 Sep 2026 · Thu
Bidding Cut-off (UPI Mandate)
24 Sep 2026 · 5:00 PM IST
Allotment
25 Sep 2026 · Fri
Listing
29 Sep 2026 · Tue
IPO Details
| Registrar | MUFG Intime India Private Limited |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹25.52 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Aftertrade Broking Private Limited |
3-Year Financial Summary
Financial data not available yet.
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹0.10 Cr |
| Equity Shares (Pre-Issue) | 1,04,018 |
| Equity Shares (Post-Issue) | — |
Source: Anand Seamless offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Anand Seamless's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Anand Seamless's filing.
Source: Anand Seamless offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
Reservation split not disclosed in this filing.Not disclosed in Anand Seamless's filing.
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Anand Seamless offer document (DRHP/RHP).
Board & Management
Board of Directors (3)
- Kedar Mayank Choksi₹0.12 Cr p.a.
Managing Director and Chairman
Over 21 years in manufacturing operations and business management, including strategic and governance functions
- Mayank Bhikhabhai Choksi₹0.04 Cr p.a.
Whole Time Director
Approximately 20 years in manufacturing and engineering, supply chain, and operations management
- Heta Kedar Choksi₹0.12 Cr p.a.
Whole-Time Director and Chief Administration Officer
Bachelor of Business Administration from Gujarat University (2008)
Over five years in business administration; associated with Company since 2020
Source: Anand Seamless offer document (DRHP/RHP).
Industry & Market
Per Grand View Research, a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Civil | — | — | — |
No litigation with material impact on the company
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:MUFG Intime India Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Anand Seamless IPO opening?
The Anand Seamless IPO opens on 22 Sep 2026 and closes on 24 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Anand Seamless IPO?
The price band for the Anand Seamless IPO is ₹72 to ₹72. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Anand Seamless IPO?
The minimum lot size is 1600 shares with a minimum investment of ₹1,15,200. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Anand Seamless IPO today?
The latest Grey Market Premium for Anand Seamless is ₹0 (+0.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the Anand Seamless IPO list on NSE and BSE?
The Anand Seamless IPO is expected to list on 29 Sep 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Anand Seamless IPO allotment status?
The registrar for this IPO is MUFG Intime India Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Anand Seamless IPO a mainboard or SME issue?
Anand Seamless is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Anand Seamless IPO?
You can apply for the Anand Seamless IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Anand Seamless IPO?
The GMP-implied price (unofficial, not a forecast) is ₹72: the upper price band of ₹72 plus the latest grey market premium of ₹0, as of 29 Sep 2026, 11:33 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Anand Seamless IPO?
Based on the retail subscription of 0.97x, all retail applicants are expected to receive full allotment for the Anand Seamless IPO.
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