Anubhav Plast has launched its initial public offering (IPO) on the BSE SME platform, offering a book-built fresh issue of 30 lakh equity shares to raise Rs 24 crore. The price band is set at Rs 77-80 per share, with subscriptions open from today.
Investors must apply for a minimum of 3,200 shares, requiring an investment of Rs 2.56 lakh at the upper end of the price band. High Net-worth Individuals (HNIs) have a minimum application size of 4,800 shares, amounting to Rs 3.84 lakh. The basis of allotment is expected to be finalized on June 24, with shares scheduled to list on June 29.
Anubhav Plast, incorporated in 1987, specializes in manufacturing Electric Resistance Welding (ERW) steel pipes and tubes, as well as swaged steel tubular poles under the "ANUBHAV" brand. These products are utilized across sectors such as electricity transmission, telecom infrastructure, construction, and irrigation.
The company operates two manufacturing facilities in Kanpur Dehat, Uttar Pradesh, with an annual production capacity of 90,000 metric tonnes of ERW steel pipes and tubes and 1.5 lakh swaged steel tubular poles. It primarily serves government tender-based projects across multiple states.
According to its restated financials, Anubhav Plast reported a total income of Rs 98.31 crore and a net profit of Rs 6 crore for FY25, compared to Rs 87.41 crore in revenue and Rs 2.08 crore in profit for FY24. As of December 2025, the company reported a total income of Rs 80.60 crore and a profit after tax of Rs 5.30 crore.
The proceeds from the IPO will be used for business expansion and general corporate purposes. Capital Square Advisors is the book-running lead manager to the issue, while Bigshare Services is the registrar. CapitalSquare Financial Services is the market maker.
Background
Anubhav Plast's IPO comes at a time when the Indian SME sector is witnessing increased investor interest, driven by the government's focus on infrastructure development and manufacturing. The company's strong financial performance and strategic expansion plans make it a noteworthy player in the steel pipes and tubular poles market.
As the IPO progresses, investors will be keenly watching the subscription levels and the final allotment. The listing on June 29 will be a crucial indicator of market sentiment towards Anubhav Plast's growth prospects.
