Here is a comprehensive overview of the Anawil Wire & Engineering Limited IPO, covering the company’s business fundamentals, financial performance, issue timeline, and Grey Market Premium (GMP):
📌 Business Overview & Core Fundamentals
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Core Business: Incorporated in 2021, Anawil Wire & Engineering Limited specializes in manufacturing customized tubular steel windmill towers (up to 140 meters in height) and heavy precision steel structures for the wind energy and renewable infrastructure sectors.
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Manufacturing Capacity: Operates advanced production facilities in Koppal (Karnataka) and Kutch (Gujarat) with a combined capacity of 612 windmill towers per year.
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Client Base: Supplies leading Original Equipment Manufacturers (OEMs) of Wind Turbine Generators (WTGs) and major renewable energy project developers across India.
📊 Financial Highlights (Restated Consolidated)
| Metric (in ₹ Crore) | FY24 | FY25 | FY26 |
| Total Revenue | ₹54.08 | ₹79.40 | ₹143.63 |
| EBITDA | ₹22.22 | ₹29.98 | ₹61.09 |
| Profit After Tax (PAT) | ₹4.39 | ₹12.31 | ₹36.63 |
| Net Worth | ₹27.77 | ₹40.08 | ₹89.51 |
| Total Debt | ₹51.86 | ₹55.11 | ₹128.25 |
| PAT Margin (%) | 8.12% | 15.50% | 25.50% |
| ROE (%) | 15.82% | 30.71% | 40.92% |
🗓️ Key IPO Details & Schedule
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Issue Period: August 3, 2026 – August 5, 2026
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Price Band: ₹257 to ₹270 per share
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Face Value: ₹10 per share
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Total Issue Size: ₹177.81 Crores (Fresh Issue: ₹133.75 Cr + OFS: ₹35.12 Cr)
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Lot Size: 400 Shares (Retail minimum application is 2 lots = 800 shares amounting to ₹2,16,000)
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Listing Exchange: NSE SME
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Basis of Allotment: August 6, 2026
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Refunds / Credit to Demat: August 7, 2026
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Tentative Listing Date: August 10, 2026
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Final Subscription Status
The IPO closed on August 5, 2026 with exceptionally strong overall demand, achieving ~149.21x overall subscription:
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Qualified Institutional Buyers (QIB): Subscribed 164.56x
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Non-Institutional Investors (NII / HNI): Subscribed 233.72x
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Big HNI (>₹10 Lakhs): ~289.62x
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Small HNI (₹2–₹10 Lakhs): ~122.13x
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Retail Individual Investors (RII): Subscribed 104.22x
Grey Market Premium (GMP)
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Current GMP: ~₹64 per share (~23.7% premium over the upper price band).
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Estimated Listing Price: ~₹334 per share (Cut-off Price ₹270 + GMP ₹64).
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Estimated Gain per Retail Lot (800 shares): ~₹51,200.
Disclaimer: Grey Market Premium (GMP) is an unofficial, informal indicator based on secondary trade activity and is subject to market volatility.
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Grey Market Premium (GMP) Notice: Figures regarding Grey Market Premium (GMP), Kostak rates, and subject-to-sauda deals reflect unofficial, unregulated over-the-counter market sentiment. These figures do not guarantee exchange listing prices or actual trading outcomes. Always evaluate official Draft Red Herring Prospectus (DRHP / RHP) documents filed with BSE/NSE and consult a certified financial advisor prior to executing financial bidding decisions.