ANB Metal Cast IPO to Open on August 8 with Price Band ₹148–₹156; ₹49.92 Cr Issue to List on NSE SME

Mumbai, 6 August 2025: ANB Metal Cast Limited, a manufacturer of aluminium extrusion products, is set to launch its ₹49.92 crore Initial Public Offering (IPO) on August 8, 2025, through the book-building process. The issue, which comprises entirely of a fresh issue of 32 lakh equity shares, will be listed on the NSE SME platform, with the tentative listing date scheduled for August 18, 2025.

IPO Price Band Fixed at ₹148–₹156; Minimum Investment Set at ₹2.36 Lakh

The price band for the ANB Metal Cast IPO has been set at ₹148 to ₹156 per share, with a lot size of 800 shares. Retail investors must apply for a minimum of two lots, translating to 1,600 shares, requiring a minimum investment of ₹2,36,800. For High Net-Worth Individuals (HNIs), the minimum application is 3 lots (2,400 shares), amounting to ₹3,74,400.

The IPO is being managed by Sun Capital Advisory Services Private Limited as the book-running lead manager, while Kfin Technologies Limited will serve as the registrar to the issue. Pure Broking Private Limited has been appointed as the market maker.

Issue Structure: Public Offer of 30 Lakh Shares and 2 Lakh Shares for Market Maker

Out of the total 32 lakh shares, 2 lakh shares aggregating up to ₹3.12 crore are reserved for the market maker, while the net offer to the public stands at 30 lakh shares worth ₹46.80 crore.

• Qualified Institutional Buyers (QIBs): Not more than 50% of the net issue
• Retail Individual Investors (RIIs): Not less than 35% of the offer
• Non-Institutional Investors (NIIs): Not less than 15% of the net issue

The company’s pre-issue shareholding stands at 86,34,780 shares, which will increase to 1,18,34,780 shares post-issue.

ANB Metal Cast IPO Timeline and Important Dates

• IPO Opening Date: Friday, August 8, 2025

• IPO Closing Date: Tuesday, August 12, 2025
• Allotment Date (Tentative): Wednesday, August 13, 2025
• Refunds Initiation: Thursday, August 14, 2025
• Shares Credited to Demat: Thursday, August 14, 2025
• Tentative Listing Date: Monday, August 18, 2025

Financial Performance: 92% Profit Growth in FY25 on 45% Revenue Surge

ANB Metal Cast Ltd. has demonstrated significant financial growth. The company’s revenue rose 45% to ₹162.64 crore in FY25 from ₹112.15 crore in FY24. At the same time, profit after tax (PAT) nearly doubled, increasing 92% to ₹10.25 crore from ₹5.34 crore in the previous fiscal.

The company’s EBITDA stood at ₹17.47 crore, while its net worth improved to ₹33.97 crore. The reserves and surplus more than tripled to ₹25.33 crore compared to FY24. The company maintained a stable borrowing level at ₹34.33 crore.

Key Performance Metrics Indicate Strong Fundamentals and Efficiency

As of March 31, 2025, the company reported a market capitalisation of ₹184.62 crore. Its Return on Equity (ROE) was 45.91%, and Return on Capital Employed (ROCE) stood at 24.13%. The PAT margin was 6.30%, while the EBITDA margin reached 10.74%. The debt-to-equity ratio stood at 1.01, indicating a balanced capital structure. The Price-to-Book value ratio was 3.72, and the Post-IPO P/E was 18.02.

Peer Comparison: ANB Metal Cast Leads in Profitability Among Peers

Compared to other listed players, ANB Metal Cast demonstrates higher profitability. For FY25, the company recorded an EPS of ₹12.66, P/E of 18.02, and Return on Net Worth (RoNW) of 45.91%. In comparison, Maan Aluminium Ltd. had an EPS of ₹2.87 and RoNW of 8.70%, while Banco Products (India) Ltd. reported an EPS of ₹27.39 with a RoNW of 30.01%. This positions ANB Metal Cast as a relatively more profitable and efficient player within its segment.

Utilisation of IPO Proceeds: Expansion and Working Capital Support Drive Fundraising

The company plans to use the net proceeds from the IPO for strategic growth and operational strengthening.

• ₹13.70 crore will go towards expanding the current manufacturing facility, including construction and installation of additional machinery
• ₹21.50 crore is allocated to long-term working capital requirements
• The remainder will be used for general corporate purposes

This planned utilisation indicates the company’s intent to scale operations and enhance production capacity to meet increasing demand.

REF: https://nsearchives.nseindia.com/content/ipo/RHP_AMCL.zip

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