ANB Metals Cast Limited, established in 2019, is gearing up to launch its Initial Public Offering (IPO) on August 8, 2025. The company specializes in manufacturing aluminium extrusion products such as motor bodies, round bars, solar profiles, sliding windows, railings, and other industrial profiles. These are used across electronics, automotive, mechanical, solar, and architectural sectors.

The company’s core strategy is to deliver superior quality at optimal cost through continuous improvement and integrity in its operations. With a growing client base and a diversified industrial reach, ANB Metals Cast is positioning itself as a serious player in the aluminum segment.

IPO Details: Key Information for Investors

The IPO of ₹49.92 crores is entirely a fresh issue of 32 lakh equity shares. The price band has been fixed at ₹148 to ₹156 per share. The issue will open on August 8, 2025, and close on August 12, 2025. Allotment is expected on August 13, and the tentative listing date on NSE SME platform is August 18, 2025.

The lot size is 800 shares, meaning retail investors must apply for a minimum of 2 lots (1,600 shares), translating to a minimum investment of ₹2,49,600.

The book running lead manager is Sun Capital Advisory Services Pvt Ltd, and the registrar is KFin Technologies Ltd. Pure Broking Private Limited is the Market Maker.

Use of Proceeds: Objectives of the Issue

ANB Metals Cast plans to utilise the net proceeds in three key areas:

1. ₹1,370.01 lakh will be used to expand current manufacturing facilities by constructing an additional floor and installing new machinery.

2. ₹2,150.00 lakh will be allocated for long-term working capital requirements.

3. The remaining proceeds are reserved for general corporate purposes.

Financial Performance: Revenue and Profit Growth

The company has shown strong year-on-year financial performance:

• FY23 Revenue: ₹8,427.56 lakh →

• FY24 Revenue: ₹11,215.41 lakh →

• FY25 Revenue: ₹16,263.57 lakh

The EBITDA rose from ₹314.76 lakh in FY23 to ₹1,747.44 lakh in FY25, and the Net Profit grew from ₹184.63 lakh to ₹1,024.71 lakh in the same period. This clearly reflects a consistent and healthy financial trajectory.

Valuation Metrics: Is the IPO Fairly Priced?

• Pre-issue EPS: ₹12.66

• Post-issue EPS: ₹8.66

• Pre-issue P/E: 12.32x

• Post-issue P/E: 18.02x

• Industry P/E: 32x

The valuation seems reasonable compared to industry peers. Other key ratios also support the investment quality:

• ROCE (FY24): 24.13%

• ROE (FY24): 45.91%

• RoNW: 45.91%

These numbers indicate strong capital efficiency and suggest that the company is capable of using its resources wisely.

Grey Market Premium (GMP): Market Sentiment Today

As of August 5, 2025, the GMP is flat at ₹0, indicating no visible premium in the grey market. This often reflects low speculative demand or an IPO that's already priced in line with fundamentals.

Although GMP is a volatile and unofficial indicator, it can help in gauging listing-day interest. In this case, the absence of a GMP suggests minimal excitement for immediate listing gains.

Promoter & Management Background

The company is led by Mr. Avnishkumar Dhirajlal Gajera, who brings over a decade of experience in the aluminum, import-export, and metal casting sectors. Starting as a metal trader, his hands-on experience has shaped the company’s strategy and growth. His leadership is seen as a key asset for ANB Metals Cast.

IPO Allotment Process: How to Check Your Status

The IPO allotment will be finalised on August 13, 2025, and the status can be checked as follows:

• Visit the official registrar site (KFin Technologies).

• Select ANB Metals Cast Limited IPO from the dropdown.

• Enter your Application Number, PAN, or DP Client ID.

• Submit and view your allotment result.

This information will help you track your application and take further action before the listing date.

Should You Invest? Expert Recommendation

Despite strong financials and decent fundamentals, the lack of grey market interest and the high retail investment threshold (₹2.5 lakhs) make this IPO less attractive for short-term investors. The valuation is fair, but not cheap enough to ensure listing gains.

If you are a long-term investor looking to ride on India’s aluminum growth story, you may consider applying. However, for those seeking listing-day profits, this IPO is not recommended.

Conclusion

ANB Metals Cast is a promising SME in the aluminium sector with robust financial growth and a reasonable valuation. However, flat GMP, high entry cost, and lack of immediate buzz make it unattractive for short-term gains.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

The Upcoming IPOs in this week and coming weeks are Regaal Resources, Mahendra Realtors and Infrastructure, Bluestone Jewellery and Lifestyle, Icodex Publishing Solutions, Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast.

The Current active IPO are ConnPlex Cinemas, ALL Time Plastics, JSW Cement, Sawaliya Foods Products, Highway Infrastructure.

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