Shares of ANB Metal Cast Limited made a strong debut on the NSE SME platform on August 18, 2025, opening at ₹163.80 per share, which represents a 5% premium over the IPO issue price of ₹156. The stock witnessed steady buying interest immediately after listing and quickly hit the upper price band, confirming positive market sentiment toward the company’s fundamentals and growth prospects.

The company’s ₹49.92 crore IPO comprised a 100% fresh issue of 32 lakh equity shares, with no offer-for-sale component. The IPO received 1.92x subscription, reflecting healthy demand from both retail and institutional investors.

Funds raised from the issue will primarily be utilised for:
• Expansion of existing manufacturing facilities by building additional floors and installing new plant and machinery (₹13.70 crore),
• Long‐term working capital requirements (₹21.50 crore), and
• General corporate purposes.

ANB Metal Cast specialises in the production of aluminium extrusion products such as motor bodies, solar profiles, round bars, railings and window sections, serving a diverse customer base across electronics, automotive, mechanical, solar and architectural sectors. Operating from its 50,000 sq.ft. plant in Rajkot (Gujarat), the company maintains strict quality standards backed by multiple certifications including ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.

The aluminium extrusion market in India is witnessing strong growth driven by urbanisation, industrialisation, renewable energy investments and substitution of steel/wood with lightweight aluminium products. As such, ANB Metal Cast is well-positioned to benefit from the demand momentum across infrastructure, solar and automotive industries.

While the company’s revenues have shown a steady CAGR over the last three financial years (₹84.27 crore in FY23 to ₹162.56 crore in FY25), it remains geographically concentrated with all manufacturing located in a single facility in Rajkot, making it sensitive to local risks. In addition, reliance on third‐party logistics for raw material sourcing may cause operational disruptions in case of delays or supply chain challenges.

Despite these risks, investors responded favourably to the company’s reasonable valuation and expansion‐led growth strategy, resulting in a robust listing day performance. With the stock already locked in the upper circuit, market participants will be watching if the momentum sustains in the upcoming sessions.

Overall, ANB Metal Cast’s debut reflects growing investor appetite for niche manufacturing and SME companies participating in India’s industrial growth story.

The Upcoming IPOs in this week and coming weeks are Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure.

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