The initial public offer (IPO) of ANB Metal Cast received bids for 7,04,800 shares as against 23,01,600 shares on offer, as per NSE data as of 17:00 hours on Thursday (7 August 2025). The issue was subscribed 0.31 times.
The issue opened for bidding on Friday (8 August 2025) and it will close on Tuesday (12 August 2025). The price band of the IPO is fixed between Rs 148 to 156 per share. The minimum order quantity is 800 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 32,00,000 shares. About 2,00,000 equity shares will be reserved for subscription by market maker to the issue. The net offer comprises of 30,00,000 equity shares.
The company intends to utilize the net proceeds for funding capital expenditure requirements for the proposed expansion in existing manufacturing facilities of company by constructing additional floor and installation of additional plant and machineries, part funding long-term working capital requirements and for general corporate purposes.
Ahead of the IPO, ANB Metal Cast on Thursday, 7 August 2025, raised Rs 14.01 crore from anchor investors. The board allotted 8.98 lakh shares at Rs 156 per share to 4 anchor investor.
ANB Metal Cast is a leading manufacturer of high-quality aluminium extrusions, offering a diverse range of products including motor bodies, solar profiles, railings, round bars, sliding windows, and various customized profiles. Serving industries such as electronics, automotive, mechanical, solar energy, and architecture, the company is known for its precision-engineered and reliable solutions. Its state-of-the-art manufacturing facility, located in Rajkot, Gujarat, spans over 50,000 sq. ft. and is fully dedicated to the production of aluminium extrusions and non-ferrous metal alloys.
ANB Metal Cast’s extensive product portfolio includes aluminium channels, sections, flat bars, tubes, as well as hardware components, railing and architectural solutions, engineering products, and kitchen profiles. With a strong presence in major Indian markets, the company supplies its products across Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, and Tamil Nadu. As on 15 July 2025, the company has total 23 employees
The company recorded revenue from operations of Rs 16.25 crore and net profit of Rs 10.24 crore for the period ended 31 March 2025.