Anand Seamless IPO
Steel • ₹26cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Muted IPO demand (1.4x overall subscription)
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹22-24
Lot Size
1600 shares
Issue Size
₹26cr
Open
22 Sept 2026
Close
24 Sept 2026
Subscription
1.44×
IPO Schedule
| Issue Open Date | 22 Sept 2026 |
| Issue Close Date | 24 Sept 2026 |
| Allotment Date | 25 Sept 2026 |
| Listing Date | 29 Sept 2026 |
About Anand Seamless
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.  
Company Details
Founders / Promoters
Mr Kedar Choksi
Founded
2005
Registrar
MUFG Intime India Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Anand Seamless — IPOFins Verdict
QuantitativeDriven by overall subscription of 1.4x and elevated disclosed risk (9/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Diversified seamless and finned tube portfolio for various industries.
- Integrated and strategically located manufacturing facility in Gujarat.
- Strong, long-term customer relationships ensuring consistent recurring business.
- Internationally accredited quality assurance driving high product reliability.
- Highly experienced management team leading the steel tube operations.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Total demand signal → score 0
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Want to apply for this IPO?
Open a free Demat account and apply in minutes
FAQ
What is the price band of Anand Seamless IPO?
The price band is ₹22-24 per share with a lot size of 1600 shares. Minimum investment: ₹38,400.
What does Anand Seamless do?
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.  
Should I apply for Anand Seamless IPO?
Anand Seamless is drawing muted interest at 1.4x overall subscription. IPOFins Score 3/10: Driven by overall subscription of 1.4x and elevated disclosed risk (9/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Anand Seamless?
Anand Seamless was founded by Mr Kedar Choksi in 2005.