Anand Seamless Limited manufactures and supplies seamless tubes, pipes and finned tubes, including carbon steel, alloy steel, U-bend and studded tubes, serving industries such as oil & gas, petrochemicals, power, chemicals, pharmaceuticals, automobiles and defence.
Product Portfolio:
- Seamless Tubes and Pipes
- Finned Tubes
The company has an integrated manufacturing setup with cold drawing, heat treatment, testing and fin welding capabilities, with a capacity of 3,000 MT of seamless tubes/pipes and 3,60,000 metres of finned tubes annually.
The company serves both domestic and international markets, catering to industries including oil & gas, chemicals, pharmaceuticals, power, automobiles, railways and defence.
The company follows ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 standards and holds IBR approvals as a “Well Known Tube Maker” and “Well Known Pipe Maker.”
As of March 31, 2026, the company had 100 permanent employees and engaged 67 contractual personnel across its two facilities. Unit I had 81 permanent and 57 contractual employees, while Unit II had 19 permanent and 10 contractual employees.
Anand Seamless IPO – Details
| IPO Opening Date | 22 September 2026 |
| IPO Closing Date | 24 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 35,44,000 Shares Worth ₹25.52 Crore Fresh Issue: 35,44,000 Shares Worth ₹25.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Anand Seamless IPO – Date Schedule
| IPO Open Date | 22 September 2026 |
| IPO Close Date | 24 September 2026 |
| Basis of Allotment | 25 September 2026 |
| Initiation of Refund | 28 September 2026 |
| Credit of Shares to Demat | 28 September 2026 |
| IPO Listing Date | 29 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2026 |
Anand Seamless IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,30,400 |
| Retail (Max) | 2 | 3200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,45,600 |
Competitive Strength
- Diversified Product Range.
- International Accreditations and product approvals.
- Extensive and Effective Quality Control.
- Customer Diversification.
- Experienced and Qualified Team.
Company Promoters
- Kedar Mayank Choksi
- Heta Kedar Choksi
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹37.00 Cr | ₹32.45 Cr | ₹3.36 Cr | ₹14.21 Cr |
| 31 March 2025 | ₹33.64 Cr | ₹30.06 Cr | ₹2.65 Cr | ₹21.22 Cr |
| 31 March 2026 | ₹56.17 Cr | ₹48.73 Cr | ₹5.48 Cr | ₹28.21 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 28.05% |
| ROCE | 20.66% |
| Debt/Equity | 1.44 |
| RoNW | 28.05% |
| PAT Margin | 9.75% |
| EBITDA Margin | 18.25% |
| NAV | 23.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.50 | 4.58 |
| P/E (x) | 11.08 | 15.72 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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 |
✅Strengths
- Specialized Products serving diverse industrial sectors.
- Integrated Manufacturing with in-house production capabilities.
- Strong Certifications including ISO and IBR approvals.
- Diverse Customer Base across multiple industries.
- Finned Tube Expertise with specialized manufacturing capabilities.
⚠️Risks
- Customer Concentration with top customers contributing significantly to revenue.
- Supplier Concentration for key raw materials.
- Raw Material Volatility may impact margins.
- High Competition from existing and new players.
- Debt Obligations may impact financial flexibility.
Anand Seamless IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.39% |
Anand Seamless IPO Prospectus
Company Contact Information
| Anand Seamless Limited Plot No. 129-A Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mehsana, Gujarat, 382715 Phone: +91 63573 64613 Email: cs@anandseamless.com Website: https://www.anandseamless.com/ |
Anand Seamless IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: anandseamless.smeipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Anand Seamless IPO Lead Manager(s)
| 1. Aftertrade Broking Pvt. Ltd. |
Anand Seamless IPO FAQ
| What is the Anand Seamless IPO? Anand Seamless IPO is an SME IPO. The issue is priced at ₹72 per equity share. The IPO is to be listed on BSE SME. |
| When will Anand Seamless IPO open? The IPO is to open on 22 September 2026 for NII and Retail Investors. |
| What is Anand Seamless IPO Investors’ Portion? The Investors portion for NII – 50%, and Retail – 50%. |
| What is the Anand Seamless IPO Size? Anand Seamless IPO size is ₹25.52 Crore. |
| What are the Anand Seamless IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,30,400, while the maximum bid is 3200 Shares for ₹2,30,400. |
| What is the Anand Seamless IPO Allotment Date? Anand Seamless IPO allotment date is 25 September 2026. |
| What is the Anand Seamless IPO Listing Date? Anand Seamless IPO listing date is 29 September 2026. The IPO is to be listed on the BSE SME. |
