ANB Metals Cast Limited is a specialised aluminium extrusion manufacturer producing motor bodies, profiles, round bars, solar profiles, railings, and sliding windows. These products cater to electronics, automotive, mechanical, solar, and architectural industries, making the company a multi-sector player.

The company’s philosophy revolves around quality, cost efficiency, and continuous improvement, enabling it to serve both domestic and international markets with consistent value delivery.

IPO Structure and Key Details

The ANB Metals Cast IPO is a Book Built Issue worth ₹49.92 crore, consisting entirely of a fresh issue of 32.00 lakh shares.

• IPO Open Date: August 8, 2025

• IPO Close Date: August 12, 2025

• Allotment Date: August 13, 2025 (tentative)

• Listing Date: August 18, 2025 (tentative)

• Exchange: NSE SME

The price band is fixed at ₹148 to ₹156 per share, giving the company an estimated market capitalisation of ₹184.62 crore at the upper price band.

Lot Size:

• Minimum: 800 shares

• Minimum Investment (Retail – 2 lots): ₹2,49,600

Lead Manager: Sun Capital Advisory Services Pvt. Ltd.
Registrar: KFin Technologies Ltd.
Market Maker: Pure Broking Pvt. Ltd.

Promoter Profile

The company is led by Mr. Avnishkumar Dhirajlal Gajera, the promoter and managing director with over 10 years of experience in the aluminium industry. His background in metal trading and manufacturing has shaped the company’s growth since its inception in 2019.

Financial Performance

ANB Metals Cast has shown consistent growth in revenue, EBITDA, and net profit over the last three fiscal years.

Key Ratios (FY 2024):

• Pre-issue EPS: ₹12.66

• Post-issue EPS: ₹8.66

• Pre-issue P/E: 12.32x

• Post-issue P/E: 18.02x (Industry Avg P/E: 32x)

• ROCE: 24.13%

• ROE / RoNW: 45.91%

These figures indicate solid profitability but also suggest that the IPO is priced fairly, with no significant undervaluation advantage.

Grey Market Premium (GMP)

As per market observations, the GMP for ANB Metals Cast IPO is ₹0, indicating no strong speculative demand ahead of listing. GMP is often seen as a sentiment indicator but is unofficial and unregulated, and should not be the sole basis for investment decisions.

Valuation and Investment Outlook

While the company operates in a growing sector with expanding applications for aluminium products, the absence of GMP premium and the high minimum investment size make it less attractive for short-term listing gains.

Recommendation: For long-term investors, the company’s business fundamentals and sector prospects may be promising, but for listing gains, analysts suggest avoiding this IPO due to low speculative interest.

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.

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