Anawil Wire and Engineering IPO

The price band is ₹257-270 per share with a lot size of 400 shares. Minimum investment: ₹1,08,000.

Anawil Wire and Engineering Limited is a manufacturing company primarily engaged in the fabrication of windmill towers for the wind energy sector. The company specialises in producing customised towers from heavy and precision steel components to meet specific client requirements. Its core business involves manufacturing tubular steel towers, which are created by rolling and welding heavy steel plates into multiple cylindrical sections. These sections are then assembled at the project site to form the complete tower structure, which supports wind turbine generators. The company commenced its commercial operations in April 2021, initially focusing on steel fabrication of weldmesh and boiler accessories, before strategically shifting to the wind energy sector in 2023. It operates two manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat, which enable direct transportation of finished products to assembly sites and ports, thereby generating revenue through the sale of these fabricated windmill towers to its customers.

Anawil Wire and Engineering is drawing exceptionally strong interest at 138.6x overall subscription (QIB 164.6x, retail 103.9x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 7/10: Driven by QIB demand at 164.6x and moderate disclosed risk (6/10). SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.

Anawil Wire and Engineering was founded by Mr Nimish Kumar Rameshchandra Vashi in 2021.