Anand Seamless Ltd.
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:
- Seamless Tubes and Pipes
- Finned Tubes
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:
- Diversified Product Range
- International Accreditations and product approvals
- Extensive and Effective Quality Control
- Customer Diversification
- Experienced and Qualified Team
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About Anand Seamless Ltd.
top manufacturers and exporters of Seamless Tubes, Heat Exchanger Tubes, U Tubes, various types of Fin Tubes, and we are manufacturers of Studded Tubes & Pipes as well.”
We have been manufacturing and supplying these products to the industry for more than a decade and have received repeat orders and appreciation from our valued customers.
As our USP, we offer a very unique combination as a manufacturer and supplier of Plain Heat Exchanger Tubes, Seamless pipes as well as various types of Finned Tubes. We offer the flexibility and ease to the end user of getting the plain heat exchanger tubes, Seamless pipes and finned tubes both from one single source thereby providing a one stop solution and hassle free supply. This integration helps on giving the best and timely service to our various clients.
In order to continuously improve our offerings to our clients, we have consistently improved and upgraded our manufacturing facility and can hence offer material with stringent requirements.”
01.
Company Vision
“Company move ahead with confidence, positivity, and gratitude.”
“Company vision inspires our team to pursue growth with optimism. It reminds us to stay grateful for who we are, what we have, and to consistently give our best in all endeavors.”
02.
Company Mission
“Company deliver superior quality products and lasting value.”
“Company mission defines our path and purpose, guiding us to build enduring relationships with our customers and stakeholders while aligning with our company’s core vision.”
03.
Anand Seamless IPO is a fixed issue price of ₹25.52 crores. The issue is entirely a fresh issue of 35.44 lakh shares of ₹25.52 crore.
Anand Seamless IPO opens for subscription on Sep 22, 2026 and closes on Sep 24, 2026. The allotment for the Anand Seamless IPO is expected to be finalized on Sep 25, 2026. Anand Seamless IPO will list on the BSE SME with a tentative listing date fixed as Sep 29, 2026.
Anand Seamless IPO is set final issue price at ₹72 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,45,600.
Aftertrade Broking Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd.
Refer to Anand Seamless IPO DRHP for detailed Information.
Anand Seamless Ltd. SME IPO Information Summary:
1. IPO Issue Details
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Issue Size: ₹25.52 Crore (35,44,000 Equity Shares)
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Issue Type: Fixed Price IPO (100% Fresh Issue)
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Issue Price: ₹72 per equity share (Face Value: ₹10)
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Market Capitalization at Offer Price: ₹86.18 Crore
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Listing Platform: BSE SME
2. Important Dates (Timeline)
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IPO Opening Date: September 22, 2026
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IPO Closing Date: September 24, 2026
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Basis of Allotment: September 25, 2026
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Initiation of Refunds & Demat Credit: September 28, 2026
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Tentative Listing Date: September 29, 2026
3. Application & Lot Size
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Market Lot: 1,600 shares
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Retail Minimum Application: 2 Lots (3,200 shares) = ₹2,30,400
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Retail Maximum Application: 2 Lots (3,200 shares) = ₹2,30,400
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HNI Minimum Application: 3 Lots (4,800 shares) = ₹3,45,600
4. Issue Share Reservation
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Market Maker Portion: 1,77,600 shares (5.01%)
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Retail Portion (RII): 16,83,200 shares (50.00% of Net Issue)
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Non-Institutional Portion (NII/HNI): 16,83,200 shares (50.00% of Net Issue)
5. Company Overview
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Incorporation: 2005
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Business Operations: Production of carbon steel & alloy steel seamless tubes, pipes, heat exchanger tubes, and finned tubes.
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Target Sectors: Oil & Gas, Petrochemicals, Power Plants, Defense, Automobile, Chemical, and Railways.
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Manufacturing Facilities: Located in Kadi, Gujarat (Survey No. 944, Chhatral Kadi Road, Indrad).
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Promoters: Kedar Mayank Choksi & Heta Kedar Choksi (Holding 100% pre-IPO, dropping to 70.39% post-IPO).
6. Objects of the Issue (Proceeds Utilization)
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Capacity Expansion & Upgradation: ₹13.20 Crore
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Debt Repayment / Prepayment: ₹5.73 Crore
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General Corporate Purposes: ₹3.70 Crore
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Issue Expenses: ₹3.13 Crore
7. Key Financials & Valuation (Restated Consolidated)
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Total Revenues:
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FY24: ₹37.00 Crore
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FY25: ₹33.64 Crore
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FY26: ₹56.17 Crore (67% YoY Growth)
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Profit After Tax (PAT):
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FY24: ₹3.36 Crore
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FY25: ₹2.65 Crore
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FY26: ₹5.48 Crore (107% YoY Growth)
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Key Valuation Indicators:
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Pre-IPO EPS: ₹6.50 | Post-IPO EPS: ₹4.58
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Pre-IPO P/E Ratio: 11.08x | Post-IPO P/E Ratio: 15.72x
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ROE: 28.05% (FY26)
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ROCE: 20.66% (FY26)
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8. Key Intermediaries
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Book Running Lead Manager (BRLM): Aftertrade Broking Pvt. Ltd.
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Registrar: MUFG Intime India Pvt. Ltd.
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Market Maker: Aftertrade Broking Pvt. Ltd.
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