ANB Metals Cast Limited has launched its Initial Public Offering (IPO) with a fresh issue of 32 lakh shares, raising approximately ₹49.92 crore. The IPO price band is set between ₹148 and ₹156 per equity share. The company aims to list its shares on the NSE SME platform, with a tentative listing date around August 18, 2025. The lot size for the IPO is 800 shares, with retail investors required to invest a minimum of 2 lots, amounting to ₹2,49,600.

ANB Metals Cast operates primarily in the manufacturing of aluminium extrusion products, including motor bodies, various profiles, round bars, solar profiles, railings, and sliding windows. These products cater to diverse sectors such as electronics, automotive, mechanical, solar, and architectural industries. The company emphasizes delivering high-quality products and services at optimal costs, focusing on continuous improvement, integrity, and operational excellence.

The IPO proceeds are planned to be used mainly for capital expenditure related to expansion of existing manufacturing facilities by constructing an additional floor and installing new machinery, alongside part funding of long-term working capital requirements. This investment is expected to boost production capacity and support the company's growth trajectory.

As per the latest subscription update as of 11:00 AM on August 12, 2025, the IPO subscription was at 0.95 times on the final day, indicating moderate investor interest. ANB Metals Cast successfully raised ₹14.01 crore from anchor investors who subscribed at the upper price band of ₹156 per share, showing institutional confidence in the company.

Financially, the company has demonstrated steady growth over recent fiscal years, with revenues increasing from ₹8,427.56 lakh in FY23 to ₹16,263.57 lakh in FY25. EBITDA and profit after tax also showed a consistent upward trend during this period. The pre-issue and post-issue earnings per share (EPS) stand at ₹12.66 and ₹8.66 respectively for FY24, while the pre-issue price-to-earnings (P/E) ratio is 12.32x and post-issue P/E ratio is 18.02x, both reasonable compared to the industry average P/E of 32x. The company's return on capital employed (ROCE) is 24.13%, and return on equity (ROE) and return on net worth (RoNW) stand at 45.91%, indicating efficient utilization of capital.

The Grey Market Premium (GMP) for ANB Metals Cast IPO stands at ₹0, suggesting minimal expected listing gains. Based on this, investors are advised to carefully consider the IPO’s potential and not expect significant listing profits.

The promoter and Managing Director, Mr. Avnishkumar Dhirajlal Gajera, brings over a decade of experience in the aluminium industry, import-export, and metal casting business. His leadership and industry insights have been crucial in shaping the company’s operations and growth since its inception in 2019.

Overall, ANB Metals Cast offers exposure to the aluminium extrusion industry through a fairly priced IPO focused on expanding manufacturing capabilities and catering to multiple sectors. Investors should evaluate the IPO considering its moderate subscription trend, financial fundamentals, and the competitive landscape of the aluminium manufacturing sector in India.

This IPO highlights the company’s intent to scale production capacity and strengthen its market presence with a clear strategy supported by sound financial metrics. However, cautious investors should weigh the risks and returns carefully before investing, keeping in mind the company’s current subscription status and market conditions.

The Upcoming IPOs in this week and coming weeks are Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure, Bluestone Jewellery and Lifestyle, Icodex Publishing Solutions, Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast.

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