Incorporated in 2005, Anand Seamless Limited is engaged in the production of seamless tubes, pipes, and finned tubes used in industrial applications. The company operates in the iron and steel manufacturing sector. The company specializes in manufacturing carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes. These products are widely used in industries such as oil & gas, petrochemicals, power plants, and process industries.
Product Portfolio:
The company cater to both the domestic as well as the international markets. In the domestic market, we sell our Products to Heat Exchanger Industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and Gas Refineries Railways, Thermal & Nuclear Power Plants, Boiler Manufacturing, Chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, Cement Industries.
The company operate at their owned manufacturing unit situated at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.
As of March 31, 2026, the company employs 81 permanent employees and engages 57 contractual personnel at the Unit I facility and, 19 permanent employees and 10 contractual personnel at the Unit II facility.
Competitive Strengths:
Anand Seamless Ltd.’s revenue increased by 67% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 67.58 | 52.40 | 35.55 |
| Total Income | 56.17 | 33.64 | 37.00 |
| Profit After Tax | 5.48 | 2.65 | 3.36 |
| EBITDA | 10.22 | 5.90 | 6.51 |
| NET Worth | 19.52 | 14.05 | 11.40 |
| Reserves and Surplus | 11.10 | 13.94 | 11.29 |
| Total Borrowing | 28.21 | 21.22 | 14.21 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Anubhav Plast Ltd. | SME | ₹24.00 Cr | ₹80 | 10.67 | ₹76.00 | -5.00% | ₹40.55 |
| Kasturi Metal Composite Ltd. | SME | ₹17.61 Cr | ₹64 | 23.59 | ₹63.16 | -1.31% | ₹53.00 |
| Shri Kanha Stainless Ltd. | SME | ₹46.28 Cr | ₹90 | 16.23 | ₹83.60 | -7.11% | ₹22.50 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company | 5.49 |
| 3 | General corporate purposes | 3.70 |
| 4 | Issue Expenses | 3.13 |
| Total | 25.52 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 16.57% | 18.87% |
| ROCE | 11.65% | 15.64% |
| Debt/Equity | 1.38 | 1.51 |
| RoNW | 16.57% | 18.87% |
| PAT Margin | 9.31% | 7.88% |
| EBITDA Margin | 16.09% | 17.58% |
| NAV | 19.98 | 16.67 |
| Price to Book Value | 4.32 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.50 | 4.58 |
| P/E (x) | 11.08 | 15.72 |
| IPO Date | 22 to 24 Sep, 2026 |
| Listing Date | Tue, Sep 29, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,44,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,77,600 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 33,66,400 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 33,66,400 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 84,25,458 shares |
| Share Holding Post Issue | 1,19,69,458 shares |
The promoters of the company are Kedar Mayank Choksi and Heta Kedar Choksi.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 70.39% |
As per our analysis and Based on the information we have, this is the output.
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