Incorporated in January 2021, Anawil Wire and Engineering Limited is engaged in the manufacturing of windmill towers, specializing in the fabrication of heavy and precision steel components for the wind energy sector. The company manufactures customized tubular steel wind turbine towers of up to 140 meters in height for leading Wind Turbine Generator (WTG) OEMs and renewable energy companies.
The company operates two advanced manufacturing facilities in Koppal, Karnataka and Kutch, Gujarat, with a combined annual production capacity of 612 windmill towers. Its facilities are equipped with modern fabrication, welding, testing, and quality control infrastructure, enabling the production of high-quality wind turbine towers that comply with international standards.
Leveraging strategically located manufacturing facilities and strong steel fabrication capabilities, Anawil has expanded its presence in India’s fast-growing renewable energy sector. The company follows stringent quality standards and is certified under ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 3834-2:2021 for manufacturing windmill towers and heavy fabricated structures.
Led by experienced promoters and a professional management team, the company focuses on operational efficiency, quality manufacturing, and long-term customer relationships. As of May 31, 2026, Anawil Wire and Engineering employed 95 full-time professionals across production, quality, engineering, finance, administration, and sales functions, supported by 767 contract workers.
Strengths
Anawil Wire & Engineering Ltd.’s revenue increased by 81% and profit after tax (PAT) rose by 198% 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 | 291.62 | 114.42 | 89.64 |
| Total Income | 143.63 | 79.40 | 54.08 |
| Profit After Tax | 36.63 | 12.31 | 4.39 |
| EBITDA | 61.09 | 29.98 | 22.22 |
| NET Worth | 89.51 | 40.08 | 27.77 |
| Reserves and Surplus | 69.80 | 30.43 | 18.12 |
| Total Borrowing | 128.25 | 55.11 | 51.86 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Liotech Industries Ltd. | SME | ₹36.03 Cr | ₹321 | 23.13 | ₹244.15 | -23.94% | ₹102.80 |
| Narmadesh Brass Industries Ltd. | SME | ₹44.87 Cr | ₹515 | 19.63 | ₹470.25 | -8.69% | ₹294.00 |
| Abril Paper Tech Ltd. | SME | ₹13.42 Cr | ₹61 | 24.96 | ₹49.38 | -19.05% | ₹33.27 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by Company | 115.00 |
| 2 | General Corporate Purposes | |
| Total | 115.00 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.53% |
| ROCE | 23.05% |
| Debt/Equity | 1.43 |
| RoNW | 40.92% |
| PAT Margin | 25.57% |
| EBITDA Margin | 42.64% |
| NAV | 46.75 |
| Price to Book Value | 5.78 |
| Valuation Matric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 18.58 | 14.65 |
| P/E (x) | 14.53 | 18.43 |
| IPO Date | 3 to 5 Aug, 2026 |
| Listing Date | Mon, Aug 10, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹257 to ₹270 |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,85,600 shares (agg. up to ₹178 Cr) |
| Reserved for Market Maker | 3,31,200 shares (agg. up to ₹9 Cr) |
| Fresh Issue (Ex Market Maker) | 49,53,600 shares (agg. up to ₹134 Cr) |
| Offer for Sale | 13,00,800 shares of ₹10 (agg. up to ₹35 Cr) |
| Net Offered to Public | 62,54,400 shares (agg. up to ₹169 Cr) |
| Share Holding Pre Issue | 1,97,15,000 shares |
| Share Holding Post Issue | 2,49,99,800 shares |
The promoters of the company are Ayush Nimish Vashi, Bhavin Navinchandra Desai, Bijal Nimesh Vashi, Nimish Kumar, Rameshchandra Vashi
| Share Holding Pre Issue | 89.35% |
| Share Holding Post Issue | 65.26% |
As per our analysis and Based on the information we have, this is the output.
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