Anawil Wire and Engineering IPO
Steel • ₹177.81 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹270
Lot Size
400 shares
Issue Size
₹177.81 Cr
Open
03 Aug 2026
Close
05 Aug 2026
Subscription
139×
IPO Schedule
| Issue Open Date | 03 Aug 2026 |
| Issue Close Date | 05 Aug 2026 |
| Allotment Date | 06 Aug 2026 |
| Listing Date | 09 Aug 2026 |
About Anawil Wire and Engineering
Anawil Wire & Engineering Limited is engaged in the manufacturing of windmill towers for the wind energy sector. The company primarily fabricates tubular steel wind turbine towers using heavy and precision steel components that are customised to buyer requirements. It commenced commercial operations in 2021 with the fabrication of weldmesh, boiler accessories, and paper machinery parts and shifted its focus to windmill tower manufacturing in 2023. The company manufactures windmill towers in multiple sections for transportation and installation at project sites and primarily supplies these to original equipment manufacturers (OEMs) of wind turbine generators and companies in the renewable energy sector. Anawil Wire & Engineering operates two manufacturing facilities located in Koppal, Karnataka, and Kutch, Gujarat, spread across 48.05 acres with a combined annual production capacity of 612 windmill towers. The facilities are equipped with testing and inspection equipment for manufacturing and quality control processes.
Company Details
Founders / Promoters
Mr Nimish Kumar Rameshchandra Vashi
Founded
2021
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Anawil Wire and Engineering — IPOFins Verdict
QuantitativeDriven by QIB demand at 164.6x and elevated disclosed risk (7/10), Anawil Wire and Engineering listed at a premium of 22.1% to its issue price. 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.
- The company claims to have two manufacturing facilities with integrated quality control systems. Its facilities in Koppal, Karnataka, and Kutch, Gujarat, span 48.05 acres with a combined annual manufa
- The company is certified under multiple international quality and manufacturing standards. It is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 and ISO 14001:2018 certified for
- The company had an order book of Rs 359.82 crore as of March 31, 2026. The outstanding order book comprised 379 windmill towers across six customers, providing revenue visibility for projects schedule
- The company operates manufacturing facilities in Karnataka and Gujarat, two of India’s largest wind energy markets. According to the prospectus, these states account for a significant share of the cou
- The company has expanded its manufacturing capacity through a new facility in Gujarat. It commenced operations at its Kutch manufacturing facility in March 2026, adding production capacity of 16 windm
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
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.
Listing Performance
Issue Price
₹270
Listing Price
₹329.65
Listing Gain/Loss
+22.09%
Listing Date
09 Aug 2026
Price Since Listing
Returns are measured against the ₹270 issue price.
Listing
₹329.65
+22.1%
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FAQ
What is the price band of Anawil Wire and Engineering IPO?
The price band is ₹270 per share with a lot size of 400 shares. Minimum investment: ₹1,08,000.
What does Anawil Wire and Engineering do?
Anawil Wire & Engineering Limited is engaged in the manufacturing of windmill towers for the wind energy sector. The company primarily fabricates tubular steel wind turbine towers using heavy and precision steel components that are customised to buyer requirements. It commenced commercial operations in 2021 with the fabrication of weldmesh, boiler accessories, and paper machinery parts and shifted its focus to windmill tower manufacturing in 2023. The company manufactures windmill towers in multiple sections for transportation and installation at project sites and primarily supplies these to original equipment manufacturers (OEMs) of wind turbine generators and companies in the renewable energy sector. Anawil Wire & Engineering operates two manufacturing facilities located in Koppal, Karnataka, and Kutch, Gujarat, spread across 48.05 acres with a combined annual production capacity of 612 windmill towers. The facilities are equipped with testing and inspection equipment for manufacturing and quality control processes.
Should I apply for Anawil Wire and Engineering IPO?
Anawil Wire and Engineering listed at ₹329.65 (+22.1% premium to the ₹270 issue price) after 138.6x subscription. IPOFins Score 8/10: Driven by QIB demand at 164.6x and elevated disclosed risk (7/10), Anawil Wire and Engineering listed at a premium of 22.1% to its issue price. 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.
Who founded Anawil Wire and Engineering?
Anawil Wire and Engineering was founded by Mr Nimish Kumar Rameshchandra Vashi in 2021.