Anubhav Plast IPO
Steel • ₹24 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹80
Lot Size
1600 shares
Issue Size
₹24 Cr
Open
19 Jun 2026
Close
23 Jun 2026
Subscription
2.02×
IPO Schedule
| Issue Open Date | 19 Jun 2026 |
| Issue Close Date | 23 Jun 2026 |
| Listing Date | 28 Jun 2026 |
About Anubhav Plast
Anubhav Plast Limited is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, along with swaged steel tubular poles. Established in 1987, the company has over three decades of operating history and markets its products under the “ANUBHAV” brand. Its products are used across electricity transmission and distribution, telecom infrastructure, construction, irrigation, water supply, and engineering applications. The company operates two manufacturing facilities in Kanpur Dehat, Uttar Pradesh. While one unit primarily manufactures steel poles, the other produces both ERW steel pipes and tubular poles. The company currently has an installed capacity of 90,000 MT per annum for ERW steel pipes and tubes and 150,000 units per annum for swaged steel tubular poles. Anubhav Plast sources key raw materials from major domestic suppliers and employs advanced manufacturing technologies, including high-frequency welding units. It supplies products to state electricity boards, public sector undertakings, contractors, and private customers through direct contracts, tenders, and sub-contracting arrangements across multiple states in India.
Company Details
Founders / Promoters
Mr. Onkar Nath Gupta
Founded
1987
Registrar
Bigshare Services Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Anubhav Plast — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.2x and elevated disclosed risk (7/10), Anubhav Plast listed at a premium of 0.0% to its issue price. 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.
- The company claims to have strengthened operational efficiency through backward integration, supported by the installation of tube mills in 2022 and 2024 and in-house slitting and forming facilities.
- The company claims that its two manufacturing facilities in Kanpur Dehat, Uttar Pradesh, provide logistical advantages and support efficient servicing of customers across northern and eastern India. I
- The company claims that its integrated manufacturing infrastructure enables it to cater to large project-based requirements across multiple sectors. It states that long-standing relationships with sta
- The company states that its operations are led by experienced promoters with extensive industry expertise. It claims that promoter Onkar Nath Gupta brings 38 years of experience in the steel industry,
- The company claims to offer a diversified portfolio comprising ERW steel pipes, structural hollow sections, and swaged steel tubular poles, with more than 80 specifications. It states that revenue fro
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Actual listing outcome → score −0.5
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
₹80
Listing Price
₹80
Listing Gain/Loss
+0.00%
Listing Date
28 Jun 2026
Price Since Listing
Returns are measured against the ₹80 issue price.
Listing
₹80
+0.0%
1 Week
₹61.92
-22.6%
1 Month
₹49.75
-37.8%
Current
₹49.75
-37.8%
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FAQ
What is the price band of Anubhav Plast IPO?
The price band is ₹80 per share with a lot size of 1600 shares. Minimum investment: ₹1,28,000.
What does Anubhav Plast do?
Anubhav Plast Limited is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, along with swaged steel tubular poles. Established in 1987, the company has over three decades of operating history and markets its products under the “ANUBHAV” brand. Its products are used across electricity transmission and distribution, telecom infrastructure, construction, irrigation, water supply, and engineering applications. The company operates two manufacturing facilities in Kanpur Dehat, Uttar Pradesh. While one unit primarily manufactures steel poles, the other produces both ERW steel pipes and tubular poles. The company currently has an installed capacity of 90,000 MT per annum for ERW steel pipes and tubes and 150,000 units per annum for swaged steel tubular poles. Anubhav Plast sources key raw materials from major domestic suppliers and employs advanced manufacturing technologies, including high-frequency welding units. It supplies products to state electricity boards, public sector undertakings, contractors, and private customers through direct contracts, tenders, and sub-contracting arrangements across multiple states in India.
Should I apply for Anubhav Plast IPO?
Anubhav Plast listed at ₹80 (+0.0% premium to the ₹80 issue price) after 2.0x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.2x and elevated disclosed risk (7/10), Anubhav Plast listed at a premium of 0.0% to its issue price. 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 Anubhav Plast?
Anubhav Plast was founded by Mr. Onkar Nath Gupta in 1987.