Anand Seamless Limited is a manufacturer and exporter of seamless tubes, pipes and finned tubes. The company manufactures carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes and various types of finned tubes used across oil and gas, petrochemical, power, chemical, pharmaceutical, automobile, railway and other industrial applications.
The company offers a range of seamless and specialised tube products for industrial requirements, including heat transfer and fluid transportation applications. Its products cater to customers operating across diverse sectors such as energy, engineering, manufacturing, infrastructure and process industries. The company focuses on providing tube and piping solutions for various industrial applications.
The Anand Seamless IPO is a fixed-price SME issue of ₹25.52 crore comprising a fresh issue of 35,44,000 equity shares. The shares are proposed to be listed on the BSE SME platform. The IPO will open on 22 September 2026 and close on 24 September 2026. The issue price is ₹72 per share and the lot size is 1,600 shares.
For retail investors, the minimum application is 2 lots, or 3,200 shares, requiring an investment of ₹2,30,400 at the issue price. Investors can check the Anand Seamless IPO price, important dates, GMP, subscription status, allotment details, listing information, financial performance, strengths and risks before applying for the IPO.
Table of Contents
Anand Seamless IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Anand Seamless IPO |
| Company Name | Anand Seamless Limited |
| IPO Type | SME IPO |
| Issue Type | Fixed Price Issue |
| Face Value | ₹10 per Equity Share |
| IPO Price | ₹72 per Share |
| Total Issue Size | ₹25.52 Cr |
| Fresh Issue | 35,44,000 Equity Shares |
| Offer for Sale | Nil |
| Listing At | BSE SME |
| IPO Open Date | 22 September 2026 |
| IPO Close Date | 24 September 2026 |
| Lot Size | 1,600 Shares |
| Minimum Retail Investment | ₹2,30,400 |
| Listing Date | 29 September 2026 |
| Registrar | MUFG Intime India Private Limited |
| Lead Manager | Aftertrade Broking Private Limited |
Anand Seamless IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 22 September 2026 |
| IPO Close Date | 24 September 2026 |
| Basis of Allotment | 25 September 2026 |
| Initiation of Refunds | 28 September 2026 |
| Credit of Shares to Demat | 28 September 2026 |
| Listing Date | 29 September 2026 |
The above schedule is reported by the company’s IPO information and current exchange-linked IPO sources.
Anand Seamless IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Individual Investors (RII) | 16,83,200 |
| Non-Institutional Investors (NII) | 16,83,200 |
| Market Maker Reservation | 1,77,600 |
| Total Issue | 35,44,000 |
The net public issue is divided between retail and non-institutional investors, while a separate portion is reserved for the market maker.
Anand Seamless IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,30,400 |
| Retail Maximum | 2 | 3,200 | ₹2,30,400 |
| HNI Minimum | 3 | 4,800 | ₹3,45,600 |
The basic trading lot is 1,600 shares, while the minimum retail application is 3,200 shares, or two lots.
About Anand Seamless
Anand Seamless Limited was incorporated in 2005 and operates from its manufacturing facility at Village Indrad on the Chhatral-Kadi Road in the Mahesana district of Gujarat. The company manufactures seamless tubes, pipes and finned tubes for a range of industrial applications.
Its product portfolio includes carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes and different varieties of finned tubes. The products are used in industries including oil and gas, petrochemicals, power generation, pharmaceuticals, chemicals, automobiles, railways, defence and other process industries.
The company has integrated manufacturing capabilities covering processes such as cold drawing, heat treatment, cutting, testing and fin welding. Its manufacturing capacity is approximately 3,000 tonnes per annum for seamless tubes and 3.60 lakh metres per annum for finned tubes.
Business Operations
- Seamless Tubes & Pipes: Manufacturing of carbon steel and alloy steel seamless products.
- Finned Tubes: Manufacturing of different finned-tube configurations.
- Heat Exchanger Tubes: Products used in heat-transfer applications.
- Industrial Applications: Supplies products to oil and gas, chemical, power and process industries.
- Domestic & Export Markets: Products are supplied to customers in India and selected international markets.
Industry Overview
Seamless tubes and pipes are used in industries where strength, pressure resistance and reliable performance are important. Demand comes from oil and gas, power generation, petrochemicals, chemicals, automobiles, railways and other industrial sectors.
Anand Seamless operates in this market with a product range covering seamless tubes, pipes and finned tubes. Its products cater to both domestic and international customers.
Business Strategy
- Capacity Expansion: Expand manufacturing capacity at the Indrad facility.
- Technology Upgradation: Invest in technology and equipment to improve production capabilities.
- Cost Optimisation: Focus on improving operational efficiency and manufacturing costs.
- Product Diversification: Continue developing seamless and finned tube products for multiple industries.
- Customer Expansion: Strengthen relationships across domestic and international markets.
Anand Seamless Financial Information
| Financial Year | Total Assets (₹ Cr) | Revenue (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|
| FY2024 | 35.55 | 37.00 | 3.36 |
| FY2025 | 52.40 | 33.64 | 2.65 |
| FY2026 | 67.58 | 56.17 | 5.48 |
Anand Seamless reported revenue of ₹56.17 crore and PAT of ₹5.48 crore in FY2026, compared with revenue of ₹33.64 crore and PAT of ₹2.65 crore in FY2025.
Financial Summary
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | ₹37.00 Cr | ₹33.64 Cr | ₹56.17 Cr |
| PAT | ₹3.36 Cr | ₹2.65 Cr | ₹5.48 Cr |
| Total Assets | ₹35.55 Cr | ₹52.40 Cr | ₹67.58 Cr |
| Net Worth | ₹11.40 Cr | ₹14.05 Cr | ₹19.52 Cr |
| Total Borrowings | ₹14.21 Cr | ₹21.22 Cr | ₹28.21 Cr |
Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| EPS | ₹6.50 |
| RoNW | 28.05% |
| ROCE | 20.66% |
| PAT Margin | 9.75% |
| EBITDA Margin | 18.25% |
| Debt/Equity | 1.44x |
| NAV | ₹23.17 |
| P/E at Issue Price | 11.08x |
The exact presentation of IPO KPIs can vary depending on whether pre-issue or post-issue share capital is used; the above figures reflect the latest available offer-document-based calculations.
Objects of IPO
The company proposes to use the issue proceeds for the following purposes. The funds raised through the Anand Seamless IPO are intended to support the company’s business objectives and strengthen its financial position. The proposed utilisation of the IPO proceeds will be carried out in accordance with the purposes specified in the offer documents.
The fresh issue proceeds may help the company meet its planned business requirements, support working capital needs and provide funds for general corporate purposes, subject to the specific allocation disclosed in the IPO documents. Adequate working capital is important for a manufacturing business such as Anand Seamless Limited, as the company requires funds for raw materials, production, inventory, receivables and other day-to-day operating requirements.
The IPO proceeds are also expected to provide additional financial resources for the company’s future business plans and operational requirements. By raising fresh capital from the public, the company can strengthen its capital base and support its growth initiatives without relying entirely on external borrowings.
The proposed utilisation of funds is based on the objectives stated in the IPO documents. Investors should refer to the final offer document for the exact amount allocated to each object and any changes in the proposed utilisation of the issue proceeds.
| Object | Amount |
|---|---|
| Capacity expansion, technology upgradation, cost optimisation and manufacturing-facility support | ₹13.20 Cr |
| Repayment/prepayment of certain secured and unsecured borrowings | ₹5.73 Cr |
| General Corporate Purposes | ₹3.70 Cr |
| Issue Expenses | ₹3.13 Cr |
The principal use of funds is capacity expansion and technological upgradation at the company’s manufacturing facility.
Anand Seamless IPO Listing Performance
| Listing Details | Information |
|---|---|
| Listing Exchange | BSE SME |
| Issue Price | ₹72 |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Closing Price on Listing Day | Yet to be Updated |
Anand Seamless IPO GMP
The latest reported GMP for Anand Seamless IPO is ₹0. GMP is an unofficial grey-market indicator and may change before listing. It should not be treated as an official indication of the listing price.
GMP History
| Date | GMP | Sub2 | Kostak |
|---|---|---|---|
| 18 September 2026 | ₹0 | — | — |
Anand Seamless IPO Subscription Status
The subscription figures will be updated after bidding starts on 22 September 2026.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | Not Applicable |
| Total Subscription | To be updated |
Anand Seamless IPO Review
Anand Seamless has an established manufacturing operation in seamless tubes, pipes and finned tubes, serving multiple industrial sectors. Its integrated production capabilities and product certifications support its manufacturing operations.
The company recorded revenue growth in FY2026 and its PAT increased to ₹5.48 crore from ₹2.65 crore in FY2025. The IPO proceeds are primarily intended for capacity expansion, technology upgrades and debt repayment. Investors should also consider the company’s borrowing levels, customer concentration, raw-material costs and industry competition before making an investment decision.
Strengths
- Diversified Product Range – Manufactures seamless tubes, pipes and multiple types of finned tubes for different industrial applications.
- Integrated Manufacturing – Uses in-house manufacturing processes including cold drawing, heat treatment, testing and fin welding.
- Industry Certifications – Holds relevant quality certifications and product approvals for industrial applications.
- Multiple End-Use Industries – Serves oil and gas, power, chemical, pharmaceutical, automobile, railway and other sectors.
- Experienced Management – Promoter Kedar Choksi has more than two decades of industry experience.
Risk Factors
- Customer Concentration – Dependence on key customers can affect revenue if orders decline or relationships change.
- Raw Material Costs – Changes in steel and other input costs can affect margins.
- Debt Levels – Total borrowings increased to ₹28.21 crore in FY2026.
- Industrial Cyclicality – Demand is linked to industrial and infrastructure activity.
- Competition – The company operates in a competitive tubes and pipes manufacturing industry.
- Export Exposure – International sales expose the business to foreign-market and currency-related risks.
Promoters
Anand Seamless Limited is promoted by Kedar Mayank Choksi, Mayank Bhikhabhai Choksi and Heta Kedar Choksi. The promoters are responsible for the overall direction and management of the company and are associated with its business operations and growth plans. Their role includes overseeing the company’s strategic decisions and supporting its continued development in the seamless tubes, pipes and finned tubes manufacturing business.
| Promoter | Role/Category |
|---|---|
| Kedar Mayank Choksi | Promoter |
| Mayank Bhikhabhai Choksi | Promoter |
| Heta Kedar Choksi | Promoter |
Management Team
The management team of Anand Seamless Limited is responsible for overseeing the company’s day-to-day operations, business strategy and overall growth. The leadership team manages key areas of the business, including manufacturing operations, sales, finance and strategic planning, while focusing on maintaining product quality and meeting the requirements of customers across different industrial sectors.
| Name | Designation |
|---|---|
| Kedar Mayank Choksi | Chairman & Managing Director |
| Heta Kedar Choksi | Whole-Time Director & Chief Administration Officer |
| Mayank Choksi | Whole-Time Director & Business Development Head |
| Jitendra Nandlal Donga | Chief Financial Officer |
| Kinjal Jain | Company Secretary & Compliance Officer |
The company’s official website identifies Kedar Choksi, Heta Choksi, Mayank Choksi and Kinjal Jain in these leadership and compliance roles.
Registrar Details
The IPO registrar is responsible for managing the application process, maintaining investor records and coordinating the allotment and refund process for the Anand Seamless IPO. Investors can contact the registrar for queries related to their IPO application, allotment status, refunds and other issue-related services. The registrar details and contact information should be referred to from the final offer documents or official IPO disclosures.
| Particular | Details |
|---|---|
| Registrar | MUFG Intime India Private Limited |
| Address | C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083 |
| Phone | +91 8108114949 |
| [email protected] | |
| Website | https://in.mpms.mufg.com |
The registrar details are also published on Anand Seamless’s investor-relations page.
Lead Manager Details
The lead manager for the Anand Seamless IPO is responsible for coordinating the public issue process and assisting the company with various activities related to the IPO. The lead manager works on issue management, regulatory coordination, documentation and other activities required for the successful completion of the public offering. Investors can refer to the final offer documents for the lead manager’s official name and contact details.
| Particular | Details |
|---|---|
| Lead Manager | Aftertrade Broking Private Limited |
| Type | Book Running Lead Manager |
| Website | https://www.aftertrade.in/ |
Aftertrade Broking Private Limited is identified as the lead manager to the issue.
Company Contact Details
| Particular | Details |
|---|---|
| Company | Anand Seamless Limited |
| Registered Office | Plot No. 129-A, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat – 382715 |
| Contact Person | Kinjal Jain |
| Phone | +91 63573 64613 |
| [email protected] | |
| Website | https://www.anandseamless.com/ |
| CIN | U27100GJ2005PLC047144 |
How to Check Allotment Status
Anand Seamless IPO allotment status can be checked online after the allotment process is completed. Investors can check their application status using the IPO registrar’s website or through the BSE website. To view the result, applicants generally need to provide their PAN, application number or other details as requested on the respective platform. The allotment status will show whether shares have been allotted and, where applicable, the number of shares allotted.
Through Registrar
- Visit the MUFG Intime IPO status page.
- Select Anand Seamless Limited.
- Enter PAN or application details.
- Submit the details to check the allotment status.
Through BSE
- Visit the BSE IPO application-status section.
- Select the equity issue.
- Select Anand Seamless Limited.
- Enter the required application or PAN details.
- Submit to view the allotment result.
Conclusion
Anand Seamless IPO is a ₹25.52 crore fixed-price SME issue comprising 35,44,000 fresh equity shares. The issue price is ₹72 per share and the lot size is 1,600 shares. The IPO opens on 22 September 2026 and closes on 24 September 2026, with listing scheduled for 29 September 2026 on the BSE SME platform.
Anand Seamless Limited operates in the manufacturing and export of seamless tubes, pipes and finned tubes. Its products are used across several industrial sectors, including oil and gas, petrochemical, power, chemical, pharmaceutical, automobile and railway industries. The company’s diversified product portfolio serves applications related to heat transfer, fluid transportation and other industrial requirements.
The IPO provides the company with fresh capital to support its stated business objectives and strengthen its financial resources. Investors can consider the issue details, proposed utilisation of funds, company financial performance and the nature of its business while evaluating the IPO. The subscription response and GMP, where available, may also provide additional market information but should not be considered a guarantee of listing performance.
Before applying, investors should carefully review the final offer document, financial statements, valuation, promoter background, objects of the issue and risk factors. The decision to invest should be based on the investor’s own assessment of the company, its financial position, business prospects and applicable SME IPO risks.
Anand Seamless IPO FAQs
What is Anand Seamless IPO?
Anand Seamless IPO is a fixed-price SME public issue of Anand Seamless Limited.
When will Anand Seamless IPO open?
The IPO will open on 22 September 2026.
When will Anand Seamless IPO close?
The IPO will close on 24 September 2026.
What is the Anand Seamless IPO price?
The issue price is ₹72 per share.
What is the Anand Seamless IPO lot size?
The lot size is 1,600 shares.
What is the minimum investment in Anand Seamless IPO?
The minimum retail application is 3,200 shares, requiring ₹2,30,400.
What is the Anand Seamless IPO issue size?
The total issue size is approximately ₹25.52 crore.
What is the Anand Seamless IPO listing date?
The expected listing date is 29 September 2026.
Who is the registrar of Anand Seamless IPO?
The registrar is MUFG Intime India Private Limited.
Who is the lead manager of Anand Seamless IPO?
The lead manager is Aftertrade Broking Private Limited.
