Listing Performance
Listed
Issue Price
₹270
Listed On
10 Aug 2026
- Price Band
- ₹257 – ₹270
- Lot Size
- 400
- Lot Value
- ₹1,08,000
- Open Date
- 03 Aug 2026
- Close Date
- 05 Aug 2026
- Min Investment
- ₹1,08,000
Anawil Wire and Engineering Limited — Live Stock Performance
About Anawil Wire and Engineering Limited
Anawil Wire and Engineering Limited manufactures windmill towers and fabricated heavy structures for the renewable energy sector. The company operates manufacturing facilities in Koppal, Karnataka and Kutch, Gujarat, with revenues primarily concentrated in the Tower Manufacturing and Fabrication segment.
The company manufactures and sells windmill towers and heavy fabricated structures primarily to customers in the renewable energy industry, with revenue dependent on project execution and installation schedules.
Use of IPO Proceeds
Total allocation: ₹115.00 Cr (excludes issue expenses)
Promoters
Nimish Kumar Rameshchandra Vashi
Chairman & Managing Director · age 55
20 years of experience in the line of business.
Ayush Nimish Vashi
Whole-Time Director · age 25
5 years of experience in the line of business.
Bhavin Navinchandra Desai
Non-Executive Director · age 46
15 years of experience in the line of business.
Bijal Nimesh Vashi
Non-Executive Director · age 52
9 years of experience in the line of business.
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE SME
Strengths (6)
- •In-house manufacturing with stringent quality control mechanisms
- •Strategic manufacturing locations in Karnataka and Gujarat near wind energy zones
- •Established order book and strong customer relationships
- •Well-positioned to capture growing renewable energy sector demand
- •Expanding production capacity with new Gujarat facility operational
- •Focus on operational efficiency and economies of scale
Risk Factors (6)
- •Limited operating history since 2021 with commencement in windmill towers only in 2023; promoters lack prior wind energy segment experience.
- •First IPO with no formal market history for securities; offer price may not be indicative of post-listing trading price or market demand.
- •Promoters' prior business experience in other industries may not transfer effectively to wind energy infrastructure segment requirements.
- •No assurance of active or sustained trading in equity shares post-listing on NSE EMERGE SME platform.
- •Company incorporated January 2021 with limited track record insufficient for investors to assess future performance and competitive positioning.
- •Strategies may not prove successful in competing with established players in wind energy infrastructure and related segments.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
“Grey market premium is positive at +29%, but subscription data is not yet available so demand cannot be confirmed. A cautious, limited-data view — weigh the company fundamentals before applying.”
- ✅Positive GMP +29%
- ✅6 business strengths identified
- ⚠️6 risk factors noted
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,08,000 |
| Retail (max) | 13 | 5,200 | ₹14,04,000 |
| S-HNI (min) | 14 | 5,600 | ₹15,12,000 |
| S-HNI (max) | 66 | 26,400 | ₹71,28,000 |
| B-HNI (min) | 67 | 26,800 | ₹72,36,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | — | — |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | — | — | — |
| Total | — | — | — |
Colour: red <1x · green 1–5x · blue 5–10x · orange >10x.
Allotment Statistics
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
IPO Timeline
Issue Opens
03 Aug 2026 · Mon
Issue Closes
05 Aug 2026 · Wed
UPI Deadline
05 Aug 2026 · Wed
Allotment
06 Aug 2026 · Thu
Refund
07 Aug 2026 · Fri
Share Credit
07 Aug 2026 · Fri
Listing
10 Aug 2026 · Mon
Issue Opens
03 Aug 2026 · Mon
Issue Closes
05 Aug 2026 · Wed
UPI Deadline
05 Aug 2026 · Wed
Allotment
06 Aug 2026 · Thu
Refund
07 Aug 2026 · Fri
Share Credit
07 Aug 2026 · Fri
Listing
10 Aug 2026 · Mon
IPO Details
| Registrar | Bigshare Services Private Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹177.81 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Hem Securities Limited |
3-Year Financial Summary
Revenue trend
↑ FY24→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 78.59 | 12.31 | — | — | 40.92% |
| FY24 | 54.07 | 4.39 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 |
|---|---|---|
| Total Income | 54.08 | 79.4 |
| EBITDA | 22.22 | 29.98 |
| Net Worth | 27.77 | 40.08 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY25)
—
Earnings per share
RoNW
40.92%
Return on net worth
ROCE
23.05%
as reported in filing
EBITDA margin
38.1%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Company Fundamentals
9 sections extracted from this filingCapital Structure
| Authorised Capital | ₹25.00 Cr |
| Issued Capital | — |
| Paid-up Capital | ₹19.71 Cr |
| Equity Shares (Pre-Issue) | 1,97,15,000 |
| Equity Shares (Post-Issue) | — |
| Preference Shares | 0 |
| ESOP Outstanding | 0 |
| Convertibles | No outstanding convertible instruments |
Source: Anawil Wire and Engineering Limited offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Anawil Wire and Engineering Limited's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Anawil Wire and Engineering Limited's filing.
Source: Anawil Wire and Engineering Limited offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- Nimish Kumar Rameshchandra Vashi13,00,800 sh
Source: Anawil Wire and Engineering Limited offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Nimish Kumar Rameshchandra Vashi₹0.40 Cr p.a.
Chairman and Managing Director
Strong focus on strategic planning, business development, and operational efficiency with expertise in client acquisition and driving sustained business growth
- Ayush Nimish Vashi₹0.40 Cr p.a.
Whole-Time Director
Bachelor of Commerce from University of Mumbai (2023)
Nearly 5 years of experience in the business engaged in the Renewable Energy Industry, responsible for compliance and legal formalities, inventory management, and business development
- Bhavin Navinchandra Desai
Non-Executive Director
Higher Secondary Certificate from Gujarat Secondary Education Board, Gandhinagar
Over 15 years of overall experience, including 10 years as a Director in M/s Darpan Infrastructure Private Limited and 5 years in Anawil Wire and Engineering Limited in Renewable Energy industry, focused on ensuring smooth financial operations and driving resource-efficient business expansion
- Bijal Nimesh Vashi
Non-Executive Director
Secondary Certificate from Gujarat Secondary Education Board, Gandhinagar
Over 9 years of experience as a partner in a firm engaged in the Construction Industry, offering insights into operations and growth initiatives
- Digant Hemantkumar Bhagat
Independent Director
Bachelor of Commerce (B.Com) and Bachelor of Laws (L.L.B.)
5 years of experience in a Consultancy Business, brings expertise in financial oversight, corporate governance, and legal compliance
- Nirav Jashvantrai Desai
Independent Director
B.Com and MBA in Finance and Marketing
24 years as a partner and/or proprietor in the Construction/Manufacturing Industry and Hospitality Industry, along with some experience in the Cooperative Banking Sector, guiding business strategy and enhancing financial discipline
Key Managerial Personnel (3)
- Sakshi Vijay
Company Secretary and Compliance Officer
Qualified Company Secretary and associate member of the Institute of Company Secretaries of India
4 years of experience in the field of secretarial and corporate law compliance, responsible for corporate governance and secretarial matters
- Chiragkumar Prakashbhai Patel₹0.10 Cr p.a.
Chief Financial Officer
Master of Business Administration (Finance) from Gujarat Technological University
Over 13 years of experience in accounts, finance, taxation, and audits, oversees overall financial management with key role in budgeting, financial planning, and statutory compliance
- Debasish Maiti₹0.10 Cr p.a.
Senior Management Personnel (General Manager)
Higher Secondary Certificate
Over 19 years of hands-on experience in diverse corporate functions, plays crucial role in streamlining procurement processes and driving day-to-day operational efficiency
Source: Anawil Wire and Engineering Limited offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from Anawil Wire and Engineering Limited's filing.
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Civil | Company | 1 | 0.04 |
| Tax | Company | 1 | 3.673 |
The company has one material civil litigation (Regular Civil Suit No. 107/2022) involving a land and construction agreement dispute with amount in dispute of ₹4.00 lakhs, and one direct tax proceeding with demand of ₹367.25 lakhs. The company also has a group company facing an unascertainable criminal case.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services 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 Anawil Wire and Engineering Limited IPO opening?
The Anawil Wire and Engineering Limited IPO opens on 03 Aug 2026 and closes on 05 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Anawil Wire and Engineering Limited IPO?
The price band for the Anawil Wire and Engineering Limited IPO is ₹257 to ₹270. 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 Anawil Wire and Engineering Limited IPO?
The minimum lot size is 400 shares with a minimum investment of ₹1,08,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Anawil Wire and Engineering Limited IPO today?
The latest Grey Market Premium for Anawil Wire and Engineering Limited is ₹78 (+28.89%). GMP is unofficial data and is not a guarantee of listing price.
When will the Anawil Wire and Engineering Limited IPO list on NSE and BSE?
The Anawil Wire and Engineering Limited IPO is expected to list on 10 Aug 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Anawil Wire and Engineering Limited IPO allotment status?
The registrar for this IPO is Bigshare Services 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 Anawil Wire and Engineering Limited IPO a mainboard or SME issue?
Anawil Wire and Engineering Limited 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 Anawil Wire and Engineering Limited IPO?
You can apply for the Anawil Wire and Engineering Limited IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Anawil Wire and Engineering Limited IPO?
Based on the current GMP of ₹78, the expected listing price of Anawil Wire and Engineering Limited is ₹348 (issue price ₹270 + GMP ₹78). Note that GMP is unofficial grey market data and actual listing price may differ.
Should I subscribe to Anawil Wire and Engineering Limited IPO?
Based on our algorithmic analysis, Anawil Wire and Engineering Limited IPO is rated NEUTRAL with medium confidence. Grey market premium is positive at +29%, but subscription data is not yet available so demand cannot be confirmed. A cautious, limited-data view — weigh the company fundamentals before applying. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
Recently Listed IPOs
| Company | Listed | Listing Gain |
|---|---|---|
| ABH Healthcare Limited | 01 Sep 2026 | +3.13% |
| Madhur Knit Crafts | 01 Sep 2026 | +0.00% |
| Dhanwel Hybrid Seeds Limited | 26 Aug 2026 | +0.00% |
Related IPOs
Related Articles
How to Analyse an Indian IPO in Under 60 Minutes: A Retail Investor's Checklist
A practical, DRHP-first framework retail investors can use to size up an Indian IPO quickly, covering financials, valuation, peer comparison, use of proceeds and risk factors.
Read more →
How-ToHow to Read Broker and Influencer IPO Recommendations Critically
IPO tips flood social media and broker channels during every busy listing season. Here is how to tell credible analysis from paid hype, what SEBI actually requires, and the red flags worth checking before you trust any recommendation.
Read more →
How-ToHow to Analyse an Upcoming IPO in India: A 10-Step Framework for Retail Investors
A step-by-step guide to analysing an upcoming IPO in India, from reading the DRHP to comparing valuation with peers and treating grey market premium as a secondary signal.
Read more →