Anubhav Plast 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 | 1.23x |
| NII | 2.49x |
| Retail (RII) | 2.6x |
| Total | 2.18x |
Bidding day 5 · final figures at close of bidding: 15 Jul 2026, 12:00 am IST
IPO Details
- Open Date
- 19 Jun 2026
- Close Date
- 23 Jun 2026
- Listing Date
- 29 Jun 2026
- Face Value
- ₹10
- Fresh Issue
- ₹22.8 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- —
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,56,000 |
| HNI (Min) | 3 | 4,800 | ₹3,84,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 8,48,000 | 29.76% |
| QIB (ex-anchor) | 5,71,200 | 20.04% |
| NII | 4,32,000 | 15.16% |
| — sNII (< ₹10L) | 1,44,000 | 5.05% |
| — bNII (> ₹10L) | 2,88,000 | 10.11% |
| Retail | 9,98,400 | 35.04% |
| Total | 28,49,600 | 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 2023 | 87.21 | 0.74 | 4.26 | 7.47 | 37.91 | 27.8 | — |
| FY 2024 | 87.41 | 2.08 | 6.64 | 9.55 | 41.69 | 28.99 | — |
| FY 2025 | 98.31 | 6 | 12.18 | 15.55 | 55.5 | 32.64 | — |
| Dec 2025 (interim) | 80.6 | 5.3 | 10.29 | 20.85 | 66.69 | 34.81 | 7.5 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 10.67x
- P/E (post-issue)
- 12.46x
- RoNW
- 29.1%
- RoE
- 29.1%
- RoCE
- 42.65%
- Debt / Equity
- 1.67
- EPS (pre-issue)
- ₹7.5
- EPS (post-issue)
- ₹6.42
- EBITDA Margin
- 12.78%
- PAT Margin
- 6.58%
- P/BV
- 4.12x
- NAV / share
- ₹26.06
- Market Cap
- ₹88 Cr
As of 31 Dec 2025 (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 |
|---|---|
| Establishment of a new manufacturing facility for the production of Crash Barriers and Solar Panel Structures within the existing manufacturing premises. | ₹2.2 Cr |
| To meet Working Capital Requirements. | ₹13.75 Cr |
| General Corporate Purposes | ₹3.37 Cr |
| Issue related expenses | ₹4.68 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.5 Cr |
| Underwriting Commission | ₹1.2 Cr |
| Fees payable to Market Maker to the Issue | ₹0.12 Cr |
| Fees Payable for Advertising, Marketing & Selling expenses | ₹2.54 Cr |
| Brokerage, selling commission and upload fees for SCSBs, Payment to Sponsor Bank, and Bankers to the Issue | ₹0.03 Cr |
| Fees Payable to the Registrar to the Issue | ₹0.01 Cr |
| Fees payable to the Regulators including stock exchanges & Depositories | ₹0.11 Cr |
| Payment for Printing & Stationery, Postage etc | ₹0.01 Cr |
| Fees Payable to Statutory Auditor, Consultants, Legal Advisors and other Professionals agencies | ₹0.12 Cr |
| Others (Legal opinion, Chartered Engineer Certificate, Tev Report, SEBI Exemption, Cubic Tree, etc.) | ₹0.05 Cr |
Promoters & Shareholding
Promoters: Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta
- Holding (pre-issue)
- 99.99%
- Holding (post-issue)
- 72.73%
- Dilution
- 27.26%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND | Other | 5,47,200 | ₹80 | 4.38 | 64.53% |
| CRAFT EMERGING MARKET FUND PCC-CITADEL CAPITAL FUND | Other | 3,00,800 | ₹80 | 2.41 | 35.47% |
Anchor bidding took place on 18 Jun 2026. Anchor lock-in: 50% of shares unlock on 23 Jul 2026, the remainder on 21 Sept 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Anubhav Plast | 7.5 | 19.44 | — | 47.78% | — | Restated |
| Newmalayalam Steel Limited | 3.19 | 45.32 | 7.45x | 5.63% | 0.51x | Standalone |
| P S Raj Steels Limited | 9.83 | 86.14 | 40.53x | 11.41% | 4.63x | Standalone |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Anubhav Plast IPO
The Anubhav Plast SME IPO opens for subscription on 19 Jun 2026 and closes on 23 Jun 2026, offered at a price band of ₹77–80 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹24 crore. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,56,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹22.8 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward to meet working capital requirements. (₹13.75 crore), alongside issue related expenses (₹4.68 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2025, Anubhav Plast reported revenue of ₹80.6 crore and a net profit of ₹5.3 crore. Revenue declined from ₹87.21 crore in FY2023 to ₹80.6 crore in FY2025 (-8.0%). Net worth stood at ₹20.85 crore at the end of FY2025. At the upper band, that puts the issue at roughly 10.7× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 12.46× post-issue earnings and 4.12× book value, against a return on net worth of 29.1% and a debt-to-equity ratio of 1.67. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Newmalayalam Steel Limited and P S Raj Steels Limited, with a median peer P/E of about 24×. The issue's own post-issue P/E works out to 12.46×.
Promoters
The promoters of the company are Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta. Promoter holding stands at 99.99% before the issue and comes down to 72.73% after listing.
Grey market premium (GMP)
In the unofficial grey market, Anubhav Plast shares are quoted at a premium of ₹0 implying an expected listing around ₹80, about +0.0% 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 Anubhav Plast IPO was subscribed 2.18 times overall. The strongest demand came from retail investors at 2.6 times, with qualified institutional buyers (QIB) at 1.23× and non-institutional investors (NII) at 2.49×.
Listing performance
Anubhav Plast listed on 29 Jun 2026 at ₹80, a premium of +0.0% over the issue price of ₹80.
What to weigh
When evaluating the Anubhav Plast 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 Anubhav Plast
Anubhav Plast Limited, incorporated in 1987, is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, as well as swaged steel tubular poles. Its product portfolio, comprising ERW steel pipes and steel tubular poles, serves diverse sectors including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication. The company markets its products under the “ANUBHAV” brand The company operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, and has established a strong presence in government tender-based projects across multiple Indian states. For the financial year ended March 31, 2025, revenue stood at ₹9,816.74 lakhs, reflecting a growth of 12.41% over the previous year. As of July 31, 2025, Anubhav Plast Limited employed 36 people.
Anubhav Plast — Contact Details
- Registered office
- 7/41 A, Basement, Basant Tower, Tilak Nagar, Swarup Nagar, Kanpur, Uttar Pradesh, 208002
- Phone
- 7526065186
- cs@anubhavpole.com
- Website
- anubhavpole.com/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Anubhav Plast IPO price band?
- The Anubhav Plast IPO price band is ₹77 to ₹80 per share, with a lot size of 1600 shares.
- What was the Anubhav Plast IPO GMP before listing?
- The final grey market premium recorded before the Anubhav Plast IPO listed was ₹0. The IPO listed on 29 Jun 2026 at ₹80, +0.0% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Anubhav Plast IPO open and close?
- The Anubhav Plast IPO opens on 19 Jun 2026 and closes on 23 Jun 2026.
- When is the Anubhav Plast IPO allotment and listing date?
- Allotment is expected on 24 Jun 2026. The shares are scheduled to list on 29 Jun 2026 on BSE.
- How many times was the Anubhav Plast IPO subscribed?
- The Anubhav Plast IPO was subscribed 2.18 times in total across all investor categories.
- What is the reservation split in the Anubhav Plast IPO?
- Of the total shares offered, retail investors get 35.04%, QIBs 20.04% (plus 29.76% anchor), non-institutional investors 15.16%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Anubhav Plast and what is their holding?
- The promoters are Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta. Promoter holding is 99.99% before the issue and 72.73% after listing.
- What is the P/E ratio of the Anubhav Plast IPO?
- At the upper price band, the Anubhav Plast IPO is valued at 10.67× pre-issue earnings and 12.46× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Anubhav Plast IPO?
- The net proceeds go primarily toward to meet working capital requirements., among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Anubhav Plast IPO?
- The book-running lead manager is Capital Square Advisors Pvt.Ltd..
- Is Anubhav Plast a Mainboard or SME IPO?
- Anubhav Plast is an SME IPO, listing on BSE (SME platform).