Anawil Wire and Engineering Limited IPO: DRHP Filed for 65.84 Lakh Shares Including Fresh Issue and OFS

Mumbai, September 22, 2025 – Anawil Wire and Engineering Limited has filed the DRHP (Draft Red Herring Prospectus) with the regulator (SEBI), intending to raise funds through an IPO (Initial Public Offering). The company plans an IPO of up to 65.84 lakh equity shares of FV of ₹10 each that includes OFS (Offer for Sale) of 13 lakh shares and a fresh issue of 52.84 lakh shares. The shares will be listed on the SME platform of NSE (NSE Emerge).

Structure and Objective of the Public Issue

The IPO issue comprises a total of 65.84 lakh shares, with 52.84 lakh as a fresh issue and 13 lakh through an offer for sale (OFS). Proceeds from the fresh issue will be used primarily for repayment/prepayment of borrowings amounting to ₹5,400 lakh, capital expenditure of ₹988.99 lakh towards installation of additional plant and machinery, and for general corporate purposes. Importantly, the company will not receive any proceeds from the OFS, as those funds go to the selling shareholders. This strategic allocation reflects a balance between debt reduction and capacity expansion.

Financial Performance

The company has witnessed a consistent increase in total revenues, which rose to ₹7858.86 lakhs in FY 25 from ₹2577.78 lakhs in FY 23. The total income and PAT also increased almost threefold in the given period. The company increased its net worth by almost two times in the past three years and has a very healthy PAT margin (15.66%)/

Key Strengths and Weaknesses

The company’s key strengths include a large ISO-certified facility in Karnataka spread across 15.45 acres, strong expertise in windmill towers and heavy fabrication, and established industry linkages with renewable energy OEMs. It also benefits from an experienced, promoter-led management team.

However, the investors should consider numerous risks associated with the enterprise. The business is vulnerable to commodity price fluctuations, particularly steel and related inputs. As of March 31, 2025, total borrowings stood at ₹5,510.88 lakh, reflecting a high debt load. Moreover, its planned listing on the SME platform could limit liquidity for investors, making share trading relatively less flexible.

Lead Manager and Registrar

• Book Running Lead Manager: Hem Securities Limited
• Registrar to the Offer: Bigshare Services Pvt. Ltd.

About Anawil Wire and Engineering Limited

Incorporated in 2021, the company manufactures windmill towers and heavy steel fabrication structures for industries such as renewable energy, metro projects, and offshore infrastructure. It has rapidly scaled operations, achieving revenues of nearly ₹79 crore in FY25, driven by rising demand in the wind energy sector.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_19092025205043_ANAWILWIREDRHP.pdf

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