Anand Seamless IPO
Upcoming22–24 Sep 2026
Latest update:
Price band ₹72 · Closes 24 Sep 2026 · Allotment 25 Sep 2026 (Confirmed) · Lists 29 Sep 2026 (Expected)
What Anand Seamless does
Anand Seamless Limited is a tubes and pipes manufacturer and exporter based in India having an experience of nearly two decades. Its products are broadly categorized into seamless tubes and pipes, and finned tubes.
Anand Seamless financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2023-24 | 2024-25 | 2025-26 | ||
|---|---|---|---|---|
| Sales | 37 | 34 | 56 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 14 | 21 | 28 |
Anand Seamless IPO offer structure
Fresh issue: ₹26 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Financing the cost towards capacity expansion, technological upgradation, cost optimization of our operations and support to the manufacturing facility at Survey No. 944, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat, India, 382715: ₹13 cr
- Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by our Company: ₹5 cr
- General Corporate Purposes: ₹4 cr
Anand Seamless promoters and holding
- Kedar Mayank Choksi: Managing Director & Chairman
- Heta Kedar Choksi: Whole-time director
Anand Seamless strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Diversified Product Range to cater to the requirements of our Customers. (p.177)
- International Accreditations and product approvals. (p.177)
- Extensive and Effective Quality Control. (p.177)
- Customer Diversification across domestic and international markets. (p.178)
- Experienced and Qualified Team. (p.179)
- Our business is dependent on the sale of our products to certain key customers. (p.28)
- We generate a significant portion of our revenue from certain geographical regions. (p.29)
- We depend on certain key suppliers for certain raw materials and have not entered into definitive supply agreements. (p.31)
- We have experienced negative cash flows in the past and may do so in the future. (p.32)
- Our contingent liabilities as stated in our Restated Financial Statements could affect our financial condition. (p.33)
Anand Seamless peer comparison: DRHP median P/E 25.7x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Venus Pipes & Tubes Limited | Rs 2,284.4 +7.8% | 31.9x | 16.9% | 21.4% | live |
| Gandhi Special Tubes Limited | Rs 896.15 +0.6% | 15.7x | 64.7% | 31.3% | live |
| Ratnamani Metals & Tubes Limited | Rs 2,862.75 +6.4% | 39.0x | 14.2% | 10.3% | live |
| Scoda Tubes Limited | Rs 128.6 +3.4% | 19.6x | 14.2% | — | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Anand Seamless market and competition
We are tubes and pipes manufacturer and exporter based in India having an experience of nearly two decades. We operate in a specialized segment characterized by high qualification and entry barriers, which limits new competition and provides pricing leverage.
Anand Seamless outlook, as the document states it
Our Company proposes to expand and upgrade its manufacturing capabilities to capitalize on industry tailwinds. We plan to strategically enter new regions across India and select international markets where demand for Tubes and pipes is accelerating. This expansion will be supported through enhanced distribution networks and local manufacturing collaborations.
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Anand Seamless IPO: common questions
When does the Anand Seamless IPO open and close?
The Anand Seamless IPO is open from 22 Sep 2026 to 24 Sep 2026.
What is the Anand Seamless IPO price band?
The price band is ₹72 per share.
What is the lot size and minimum investment for the Anand Seamless IPO?
One lot is 1600 shares, and a retail application must be at least one lot. That is about ₹2,30,400 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the Anand Seamless IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 25 Sep 2026, refund/unblock around 28 Sep 2026 and listing around 29 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Anand Seamless IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. Bidding opens 22 Sep 2026. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 709 SME IPOs that have listed on the NSE since 2016, 561 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.