Anawil Wire & Engineering IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 164.56x |
| NII | 233.36x |
| sNII (₹2L–₹10L) | 122.29x |
| bNII (above ₹10L) | 288.9x |
| Retail (RII) | 104.22x |
| Total | 149.13x |
Bidding day 3 · final figures at close of bidding: 10 Aug 2026, 6:30 pm IST
IPO Details
- Open Date
- 3 Aug 2026
- Close Date
- 5 Aug 2026
- Listing Date
- 10 Aug 2026
- Face Value
- ₹10
- Fresh Issue
- ₹133.75 Cr
- OFS
- ₹35.12 Cr
- Listing On
- NSE
- Registrar
- Bigshare Services
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹2,16,000 |
| HNI (Min) | 3 | 1,200 | ₹3,24,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 18,75,600 | 29.99% |
| QIB (ex-anchor) | 12,50,800 | 20% |
| NII | 9,38,400 | 15% |
| — sNII (< ₹10L) | 3,12,800 | 5% |
| — bNII (> ₹10L) | 6,25,600 | 10% |
| Retail | 21,89,600 | 35.01% |
| Total | 62,54,400 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 54.08 | 4.39 | 22.22 | 27.77 | 89.64 | 51.86 | — |
| FY 2025 | 79.4 | 12.31 | 29.98 | 40.08 | 114.42 | 55.11 | — |
| FY 2026 | 143.63 | 36.63 | 61.09 | 89.51 | 291.62 | 128.25 | 18.58 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 14.53x
- P/E (post-issue)
- 18.43x
- RoNW
- 40.92%
- RoE
- 56.53%
- RoCE
- 23.05%
- Debt / Equity
- 1.43
- EPS (pre-issue)
- ₹18.58
- EPS (post-issue)
- ₹14.65
- EBITDA Margin
- 42.64%
- PAT Margin
- 25.57%
- P/BV
- 5.78x
- NAV / share
- ₹46.75
- Market Cap
- ₹674.99 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company | ₹115 Cr |
| General Corporate Purposes | ₹3.64 Cr |
| Issue Expenses | ₹29.98 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees and commissions payable to the BRLM (including any underwriting commission) | ₹14.69 Cr |
| Fees Payable to Registrar to the Offer | ₹0.02 Cr |
| Fees Payable for Advertising, Marketing Expenses | ₹0.22 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.01 Cr |
| Fees Payable to Auditor, Legal Advisors, Chartered Engineer, and Monitoring Agency, Legal Search Report | ₹0.17 Cr |
| Fees Payable to Regulators including Stock Exchange and other Intermediaries | ₹0.26 Cr |
| Others, if any (Selling Commission, Brokerage, Commission/ processing fee for SCBs, Sponsor Bank(s), Banker to the Offer and Bidding Charges for Members of the Syndicate, Registered Brokers, CDPs, and other Miscellaneous expenses) | ₹14.61 Cr |
Promoters & Shareholding
Promoters: <p>Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai, Bijal Nimesh Vashi</p>
- Holding (pre-issue)
- 89.35%
- Holding (post-issue)
- 65.26%
- Dilution
- 24.09%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| ABAKKUS VENTURE OPPORTUNITIES FUND | Other | 2,59,600 | ₹270 | 7.01 | 13.84% |
| CARNELIAN AIF CATEGORY I TRUST-Scheme I | Other | 2,59,600 | ₹270 | 7.01 | 13.84% |
| MINT FOCUSED GROWTH FUND PCC-CELL 1 | Other | 1,86,400 | ₹270 | 5.03 | 9.94% |
| HEM GROWTH OPPORTUNITIES FUND | Other | 1,85,200 | ₹270 | 5 | 9.87% |
| MOTILAL OSWAL FINVEST LTD. | Other | 1,85,200 | ₹270 | 5 | 9.87% |
| INDIA MAX INVESTMENT FUND LTD. | Other | 1,30,000 | ₹270 | 3.51 | 6.93% |
| AARTH AIF GROWTH FUND | Other | 74,400 | ₹270 | 2.01 | 3.97% |
| NAV CAPITAL VCC-NAV CAPITAL EMERGING STAR FUND | Other | 74,400 | ₹270 | 2.01 | 3.97% |
| SHINE STAR BUILD-CAP PVT.LTD. | Other | 74,400 | ₹270 | 2.01 | 3.97% |
| 360 ONE LVF TREASURY SOLUTIONS FUND | Other | 74,400 | ₹270 | 2.01 | 3.97% |
| FINAVENUE CAPITAL TRUST-FINAVENUE GROWTH FUND | Other | 74,400 | ₹270 | 2.01 | 3.97% |
| PLUTUS INVESTMENT TRUST-PLUTUS EQUITY INVESTMENTS SERIES | Other | 37,200 | ₹270 | 1 | 1.98% |
| EVERGROW CAPITAL OPPORTUNITIES FUND | Other | 37,200 | ₹270 | 1 | 1.98% |
| INNOVATIVE VISION FUND | Other | 37,200 | ₹270 | 1 | 1.98% |
| LRSD SECURITIES PVT.LTD. | Other | 37,200 | ₹270 | 1 | 1.98% |
| RELIGO COMMODITIES VENTURES TRUST-RELIGO COMMODITIES VENTURE FUND | Other | 37,200 | ₹270 | 1 | 1.98% |
| SB OPPORTUNITIES FUND II | Other | 37,200 | ₹270 | 1 | 1.98% |
| TATTVAM AIF TRUST-Aanjay Ageless AIF Fund | Other | 37,200 | ₹270 | 1 | 1.98% |
| TIGER STRATEGIES FUND 1 | Other | 37,200 | ₹270 | 1 | 1.98% |
Anchor bidding took place on 31 Jul 2026. Anchor lock-in: 50% of shares unlock on 5 Sept 2026, the remainder on 4 Nov 2026.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Anawil Wire & Engineering IPO
The Anawil Wire & Engineering SME IPO runs from 3 Aug 2026 to 5 Aug 2026, offered at a price band of ₹257–270 per share, and is set to list on NSE. The company is looking to raise ₹177.81 crore through the offer. Retail investors bid in lots of 400 shares, a minimum application of ₹2,16,000.
Issue structure
The offer combines a fresh issue of ₹133.75 crore with an offer for sale (OFS) of ₹35.12 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward repayment and/or pre-payment, in full or part, of borrowing availed by company (₹115 crore), alongside issue expenses (₹29.98 crore). In all, 3 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Anawil Wire & Engineering reported revenue of ₹143.63 crore and a net profit of ₹36.63 crore. Revenue grew from ₹54.08 crore in FY2024 to ₹143.63 crore in FY2026 (+166.0%). Net worth stood at ₹89.51 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 18.43× post-issue earnings and 5.78× book value, against a return on net worth of 40.92% and a debt-to-equity ratio of 1.43. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai, Bijal Nimesh Vashi</p>. Promoter holding stands at 89.35% before the issue and comes down to 65.26% after listing.
Grey market premium (GMP)
In the unofficial grey market, Anawil Wire & Engineering shares are quoted at a premium of ₹58 implying an expected listing around ₹328, about +21.5% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Anawil Wire & Engineering IPO was subscribed 149.13 times overall. The strongest demand came from non-institutional investors (NII) at 233.36 times, with qualified institutional buyers (QIB) at 164.56× and retail investors at 104.22×.
Listing performance
Anawil Wire & Engineering listed on 10 Aug 2026 at ₹329.65, a premium of +22.1% over the issue price of ₹270.
What to weigh
When evaluating the Anawil Wire & Engineering IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Anawil Wire & Engineering
Anawil Wire & Engineering Ltd is engaged in manufacturing windmill towers, mainly focusing on the fabrication of heavy and precision steel components tailored to client requirements in the wind energy sector. These towers are tubular steel structures made of cylindrical sections rolled from heavy steel plates, welded, and assembled with flanges and bolts at project sites. The tower weight varies depending on height and design. In FY 2023-24 and FY 2024-25, it has produced 114 and 135 towers, achieving capacity utilization of 38% and 45%. The company supplies to leading OEMs of Wind Turbine Generators (WTGs) and companies in the renewable energy sector. Our current facility can produce 25 towers per month, and we are expanding with a new plant under construction in Kutch, Gujarat. Its main facility is in Koppal, Karnataka, spread over 15.45 acres, with an annual capacity of 300 towers. The facility is equipped with advanced machines and testing equipment to ensure product quality. Competitive Strengths Expanding manufacturing and production capacities Reducing operating cost and improving operational efficiencies Focus on consistently meeting customer specifications and quality standards
Anawil Wire & Engineering — Contact Details
- Registered office
- Plot No. 201, Office No-1, Vibrant Business Park G.I.D.C, Vapi,, Valsad, Gujarat, 396191
- Phone
- 9054508244
- cs@anawilvapi.in
- Website
- www.anawilvapi.in/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Anawil Wire & Engineering IPO price band?
- The Anawil Wire & Engineering IPO price band is ₹257 to ₹270 per share, with a lot size of 400 shares.
- What was the Anawil Wire & Engineering IPO GMP before listing?
- The final grey market premium recorded before the Anawil Wire & Engineering IPO listed was ₹58. The IPO listed on 10 Aug 2026 at ₹329.65, +22.1% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Anawil Wire & Engineering IPO open and close?
- The Anawil Wire & Engineering IPO opens on 3 Aug 2026 and closes on 5 Aug 2026.
- When is the Anawil Wire & Engineering IPO allotment and listing date?
- Allotment is expected on 6 Aug 2026. The shares are scheduled to list on 10 Aug 2026 on NSE.
- How many times was the Anawil Wire & Engineering IPO subscribed?
- The Anawil Wire & Engineering IPO was subscribed 149.13 times in total across all investor categories.
- What is the reservation split in the Anawil Wire & Engineering IPO?
- Of the total shares offered, retail investors get 35.01%, QIBs 20% (plus 29.99% anchor), non-institutional investors 15%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Anawil Wire & Engineering and what is their holding?
- The promoters are <p>Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai, Bijal Nimesh Vashi</p>. Promoter holding is 89.35% before the issue and 65.26% after listing.
- What is the P/E ratio of the Anawil Wire & Engineering IPO?
- At the upper price band, the Anawil Wire & Engineering IPO is valued at 14.53× pre-issue earnings and 18.43× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Anawil Wire & Engineering IPO?
- The net proceeds go primarily toward repayment and/or pre-payment, in full or part, of borrowing availed by company, among 3 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Anawil Wire & Engineering IPO?
- The book-running lead manager is Hem Securities Ltd.. Bigshare Services is the registrar to the issue.
- Is Anawil Wire & Engineering a Mainboard or SME IPO?
- Anawil Wire & Engineering is an SME IPO, listing on NSE (SME platform).