Anand Seamless SME IPO 2026 is an upcoming fixed-price SME public issue of Anand Seamless Limited, a Gujarat-based manufacturer of seamless tubes, pipes and specialised heat-exchanger products. The company serves industrial applications across sectors such as oil and gas, petrochemicals, power and process industries.
The IPO is scheduled to open for subscription on 22 September 2026 and close on 24 September 2026. The shares are proposed to be listed on the BSE SME platform on 29 September 2026.
The issue has a fixed price of ₹72 per equity share and comprises 35.44 lakh fresh equity shares, with a reported issue size of approximately ₹25.52 crore.
Anand Seamless IPO – Key Details
| Particular | Details |
|---|---|
| Company Name | Anand Seamless Limited |
| IPO Type | SME IPO |
| Issue Type | Fixed Price Issue |
| IPO Open Date | 22 September 2026 |
| IPO Close Date | 24 September 2026 |
| Issue Price | ₹72 per share |
| Face Value | ₹10 per share |
| Issue Size | Approx. ₹25.52 Crore |
| Fresh Issue | 35.44 lakh shares |
| Lot Size | 1,600 shares |
| Minimum Retail Application | 3,200 shares / 2 lots |
| Minimum Investment | ₹2,30,400 |
| Listing Exchange | BSE SME |
| Allotment Date | 25 September 2026 |
| Refund/Share Credit | 28 September 2026 |
| Tentative Listing Date | 29 September 2026 |
The minimum retail application is reported as 3,200 shares, or two lots. At ₹72 per share, this represents an application value of ₹2,30,400.
About Anand Seamless Limited
Anand Seamless Limited was established in 2005 and operates from Indrad in the Mehsana district of Gujarat. The company manufactures engineered seamless tubes and pipes for industrial applications.
Its product portfolio includes carbon steel and alloy steel seamless tubes and pipes, heat-exchanger tubes, U-bend tubes and specialised finned tubes. These products are used in industries requiring engineered tube and heat-transfer solutions.
The company states that it serves domestic and international markets and has developed manufacturing capabilities around quality control, product approvals and specialised tube solutions.
Anand Seamless IPO Issue Size
The IPO consists entirely of a fresh issue of 35.44 lakh equity shares. There is no Offer for Sale component in the reported issue structure.
At the fixed issue price of ₹72, the total issue value is approximately ₹25.52 crore.
Issue Structure
- Issue Price: ₹72 per share
- Fresh Issue: 35.44 lakh shares
- Issue Size: Approx. ₹25.52 crore
- Face Value: ₹10
- Lot Size: 1,600 shares
- Listing: BSE SME
- Issue Type: Fixed Price
Anand Seamless IPO Objectives
According to the company's IPO information, the proceeds are proposed to be used for business expansion and strengthening the company's manufacturing operations.
The major objectives include:
- Capacity expansion
- Technological upgradation
- Cost optimisation
- Support for manufacturing operations
- Repayment or prepayment of certain borrowings
- General corporate purposes
The company's official IPO page identifies capacity expansion and technology, repayment of borrowings, and general corporate purposes as the principal objectives of the issue.
Anand Seamless IPO Lot Size and Minimum Investment
The Anand Seamless IPO lot size is 1,600 shares.
For individual investors, the reported minimum application is 2 lots, or 3,200 shares.
At the issue price of ₹72:
3,200 × ₹72 = ₹2,30,400
Therefore, the reported minimum retail application amount is ₹2.30 lakh.
HNI/NII applications are reported to begin at 3 lots, equivalent to 4,800 shares or ₹3,45,600 at the issue price.
Anand Seamless IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Opens | 22 September 2026 |
| IPO Closes | 24 September 2026 |
| Basis of Allotment | 25 September 2026 |
| Refund/Share Credit | 28 September 2026 |
| Tentative Listing | 29 September 2026 |
These dates are based on the company's published IPO schedule and current market listings.
Anand Seamless IPO GMP Today
Anand Seamless IPO GMP refers to the unofficial premium at which IPO shares may trade in the grey market before their stock-exchange listing.
The latest available IPO information currently reports ₹0 GMP. However, GMP is an unofficial market indicator and can change before listing. It is not regulated by the stock exchanges and should not be treated as a guaranteed indication of the listing price.
Investors should therefore check the latest IPO GMP Today rather than relying on an older GMP figure.
Anand Seamless Business Model
Anand Seamless operates in the industrial engineering and manufacturing sector. Its products are designed for applications where seamless tubes, pipes and heat-transfer components are required.
Its key products include:
- Seamless steel tubes
- Seamless pipes
- Heat exchanger tubes
- U-bend tubes
- Finned tubes
- Specialised industrial tubes
The company's manufacturing facility is located in Gujarat, providing access to India's industrial and manufacturing ecosystem.
Anand Seamless IPO Financial and Business Considerations
Investors should review the company's latest RHP and audited financial statements for detailed revenue, profitability, debt and cash-flow information.
Some important areas to examine include:
- Revenue growth
- Profit margins
- Existing borrowings
- Working-capital requirements
- Capacity utilisation
- Manufacturing capacity
- Customer concentration
- Export exposure
- Raw-material costs
- Industrial demand
The company plans to use part of the IPO proceeds to expand capacity and upgrade technology, while another portion is intended for repayment or prepayment of borrowings.
Anand Seamless IPO – Key Strengths
Based on the company's published information, some of the areas investors may research further include:
Important factors include:
- Dependence on industrial demand
- Raw-material price fluctuations
- Competition in the seamless-tube industry
- Working-capital requirements
- Borrowings and interest costs
- Customer concentration
- Manufacturing and operational risks
- SME-market liquidity risks
Investors should read the company's RHP and risk factors carefully before applying.
Anand Seamless IPO Listing
Anand Seamless shares are proposed to be listed on the BSE SME platform, with 29 September 2026 currently reported as the tentative listing date.
The final listing and trading information should be confirmed through BSE and the issue registrar.
About Company
Anand Seamless Limited was originally incorporated as Anand Seamless Tubes Private Limited on November 25, 2005 under the Companies Act, 1956. The Company was subsequently converted into a public limited company and renamed Anand Seamless Tubes Limited in November 2023, and thereafter renamed Anand Seamless Limited in December 2023.
The Company is among the manufacturers and exporters of Seamless Tubes, Heat Exchanger Tubes, U Tubes, Finned Tubes and Studded Tubes & Pipes. It has been manufacturing and supplying these products for more than a decade and has received repeat orders and appreciation from customers.
The Company’s key offering is its one-stop solution, providing Plain Heat Exchanger Tubes, Seamless Pipes and various types of Finned Tubes from a single source. This integrated product offering provides customers with ease of procurement and supports timely and hassle-free supply.
The Company has continuously upgraded and improved its manufacturing facility to meet stringent customer requirements. Its product portfolio includes Carbon Steel, Alloy Steel and Stainless Steel Heat Exchanger Tubes, Seamless Tubes & Pipes, Mechanical/Automobile Tubes, along with Laser Beam Welded, High Frequency Welded, Extruded, G-Finned, L/LL/KLM Type, Studded, H-Fin and Integral Finned Tubes.
Strengths
Diversified Product Range: Offers a wide range of Seamless Tubes & Pipes and Finned Tubes & Pipes in various materials, specifications and sizes, enabling customers to source multiple requirements and supporting expansion across existing and new customers.
International Accreditations & Product Approvals: Follows ASTM, ASME and EN standards and holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, along with PED 97/23/EC, Indian Boiler Regulation (IBR) and other product approvals.
Extensive Quality Control: Dedicated quality-control processes cover raw materials, production and finished products, with a dedicated team monitoring equipment, material strength and manufacturing parameters, helping maintain consistent product quality from procurement to dispatch.
Risk Factors
Raw Material Supply & Price Risk: Dependence on certain key suppliers without definitive supply agreements may affect raw material availability and costs. Price volatility and inability to pass increased costs to customers could impact profitability, margins and cash flows.
Corporate Compliance & Filing Risk: Certain discrepancies, errors, missing attachments and delayed filings have been identified in ROC and other corporate records. Future regulatory penalties or actions could adversely affect the Company’s financial position.
Related Party Transaction Risk: The Company has entered into transactions with Directors, Promoters, Promoter Group and other related parties, including remuneration, loans and advances. Although conducted at arm’s length and subject to required approvals, such transactions may not always provide terms as favourable as those available from unrelated parties and could affect financial performance.
Conclusion
The Anand Seamless SME IPO 2026 is a fixed-price SME issue of approximately ₹25.52 crore. The IPO is scheduled to open from 22 September to 24 September 2026, at a fixed issue price of ₹72 per share. The lot size is 1,600 shares, while the reported minimum retail application is 3,200 shares, requiring ₹2,30,400.
Anand Seamless operates in the manufacturing of seamless tubes, pipes, heat-exchanger tubes and specialised finned tubes for industrial applications. The IPO proceeds are intended for capacity expansion, technology upgrades, repayment of borrowings and general corporate purposes.
Investors should review the company's financials, valuation, RHP, business risks and latest IPO subscription information before making an investment decision.
FAQs About Anand Seamless SME IPO
1. When does Anand Seamless IPO open?
Anand Seamless IPO is scheduled to open on 22 September 2026.
2. When does Anand Seamless IPO close?
The IPO is scheduled to close on 24 September 2026.
3. What is the Anand Seamless IPO price?
The fixed issue price is ₹72 per equity share.
4. What is the Anand Seamless IPO lot size?
The IPO lot size is 1,600 shares.
5. What is the minimum investment in Anand Seamless IPO?
The reported minimum retail application is 3,200 shares, requiring ₹2,30,400 at ₹72 per share.
6. What is the Anand Seamless IPO issue size?
The reported issue size is approximately ₹25.52 crore.
7. Where will Anand Seamless IPO be listed?
Anand Seamless IPO is proposed to be listed on the BSE SME platform.
8. What does Anand Seamless Limited do?
Anand Seamless manufactures seamless tubes and pipes, heat-exchanger tubes, U-bend tubes and specialised finned tubes for industrial applications.
9. What is Anand Seamless IPO GMP today?
The latest available source reports ₹0 GMP, but grey-market premiums are unofficial and can change frequently.
10. When will Anand Seamless IPO be listed?
The tentative listing date is 29 September 2026.