ANB Metal Cast IPO opens today. Check all details before subscription

Synopsis

ANB Metal Cast, a Rajkot-based aluminum products manufacturer, is launching its IPO on August 8 to raise ₹49.92 crore through a fresh issue of equity shares. With the IPO closing on August 12 and listing expected on August 18 on NSE SME, the price band is set between ₹148 and ₹156 per share.

Rajkot-based aluminum products maker ANB Metal Cast will open its IPO for public subscription on August 8, aiming to raise Rs 49.92 crore through a completely fresh issue of 32 lakh equity shares. The issue will close on August 12 with allotment likely on August 13 and listing scheduled on August 18 on the NSE SME platform.

The price band is fixed at Rs 148 to Rs 156 per share, and the GMP (grey market premium) is currently at 0%, indicating a flat listing expectation as of now. Investors can bid for a minimum of 1,600 shares (2 lots).

The issue is managed by Sun Capital Advisory Services, with Kfin Technologies acting as the registrar. Pure Broking is the market maker for the IPO.

Company Overview

ANB Metal Cast is engaged in the manufacturing of aluminum extrusions including motor bodies, solar profiles, railings, and sliding windows. It caters to electronics, automotive, architectural, mechanical, and solar sectors.

The company markets its products across key Indian states such as Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, and Tamil Nadu. Its competitive strengths include a diverse product portfolio, customization capability, and strict quality control systems.

Financials

The company posted a 45% YoY revenue growth to Rs 162.64 crore in FY25, while profit after tax surged 92% to Rs 10.25 crore.

The IPO proceeds will be used for expansion of its manufacturing facilities, long-term working capital needs and general corporate purposes.

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