ANB Metal Cast IPO Opened Today; Price Band: Rs 148 – 156 per Share
By Ankur Chandra | Published at: Aug 8, 2025 05:28 PM IST
Rajkot, August 8, 2025: ANB Metal Cast’s ₹49.92 crore SME IPO is now open for subscription on the NSE Emerge platform. The company is offering 32 lakh equity shares with a price band of ₹148 to ₹156 per share. The IPO opened today, August 8, and will close on Tuesday, August 12, 2025.
ANB Metal Cast IPO consists of a total of 32 lakh shares with a face value of ₹10 each. Investors can apply for a minimum of 800 shares, which is the lot size, and require a minimum investment of ₹1,24,800. The listing will take place on the NSE Emerge platform, with Pure Broking Pvt Ltd acting as the market maker for the issue.
Founded in 2019, ANB Metal Cast Limited manufactures aluminium extrusion products. These products are used in key industries such as automotive, solar, electronics, and construction. The company operates a 50,000 sq ft manufacturing facility in Rajkot, Gujarat.
Insights For Retail Investors
- IPO Size & Price Band: ₹49.92 crore IPO with a price band of ₹148–₹156 per share.
- Lot Size: Minimum 800 shares per lot, requiring an investment of ₹1,24,800.
- Anchor Portion Fully Subscribed: Raised ₹14 crore from anchor investors at ₹156 per share; no domestic mutual fund participation.
- Company Profile: Aluminium extrusion product manufacturer catering to automotive, solar, construction, and electronics sectors.
- Strong Financial Growth: Revenue grew 45% YoY to ₹162.64 crore; PAT jumped to ₹10.25 crore from ₹5.34 crore.
- Healthy Profitability:
- RoNW: 45.91%
- PAT Margin: 6.30%
- EBITDA Margin: 10.74%
- Debt Position: Moderate debt with a Debt/Equity ratio of 1.01.
- Valuation:
- Pre-IPO EPS: ₹11.87 (P/E ~13.15x)
- Post-IPO EPS: ₹8.66 (P/E ~18.02x)
- Use of Funds:
- ₹13.70 crore for capacity expansion.
- ₹21.50 crore for working capital.
- Balance for general corporate use.
- Listing Platform: NSE Emerge (SME segment).
- Key Risk for Retail Investors: SME IPOs are less liquid and more volatile post-listing; a higher investment threshold of ₹1.24 lakh may not suit all.
Anchor Investor Allocation
Before the public opening, on August 7, the company successfully raised approximately ₹14 crore by allocating 8,98,400 shares to a group of anchor investors. These shares were allotted at the upper end of the price band, ₹156 per share. The allocation was as follows:
| Anchor Investor | Shares Allotted | % of Anchor Portion | Price (₹) |
|---|---|---|---|
| Bridge India Fund | 2,13,600 | 23.78% | 156 |
| Eminence Global Fund PCC – Eubilia Capital Partners Fund I | 3,42,400 | 38.11% | 156 |
| Lords Multigrowth Fund | 1,28,800 | 14.33% | 156 |
| North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund | 2,13,600 | 23.78% | 156 |
| Total | 8,98,400 | 100% | – |
No domestic mutual funds participated in the anchor allocation.
IPO Details
| Particulars | Details |
|---|---|
| Issue Size | 32,00,000 shares |
| Price Band | ₹148 – ₹156 |
| Face Value | ₹10 per share |
| Minimum Lot Size | 800 shares |
| Minimum Application Amount | ₹1,24,800 |
| Issue Opens | August 8, 2025 |
| Issue Closes | August 12, 2025 |
| Listing Platform | NSE Emerge |
| Market Maker | Pure Broking Pvt Ltd |
Use of Proceeds
The company intends to use the money raised from the IPO for the following purposes:
- ₹13.70 crore is earmarked for expanding the company’s manufacturing capacity.
- ₹21.50 crore will be used to meet the company’s working capital needs.
The remaining amount will be used for general corporate purposes.
Financial Information
ANB Metal Cast has shown growth in its financial performance. For the year ending March 31, 2025, the company’s Total Income was ₹162.64 crore, a notable increase from ₹112.15 crore in the previous year. The Profit After Tax (PAT) also grew to ₹10.25 crore from ₹5.34 crore in the same period. The company’s Total Assets stood at ₹98.05 crore as of March 31, 2025, while Total Borrowings were ₹34.33 crore. The company’s Total Equity (net worth) was ₹33.97 crore at the end of fiscal year 2025.
Key Performance Indicators (KPIs)
As of March 31, 2025, the company’s Return on Net Worth (RoNW) was 45.91%. The Debt/Equity ratio was 1.01, indicating a balanced use of debt and equity to finance its assets. The PAT Margin was 6.30%, and the EBITDA Margin was 10.74%. The Earnings Per Share (EPS), before the IPO, was ₹11.87, with a corresponding P/E ratio of 13.15x. Post-IPO, the company’s EPS is expected to be ₹8.66, with a P/E ratio of 18.02x.
How to Apply for the IPO
To apply for the ANB Metal Cast IPO, investors can use the ASBA (Applications Supported by Blocked Amount) facility through their bank’s net banking portal. Alternatively, they can use the UPI method, which is available for retail investors. For an individual (retail) investor, the minimum investment is ₹2,36,800 for 1,600 shares. High-Net-Worth Individuals (HNIs) must apply for a minimum of 3 lots (2,400 shares), which amounts to ₹3,74,400.
REF: https://nsearchives.nseindia.com/content/ipo/ANCHOR_AMCL.zip
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