Anubhav Plast Ltd.
ANUBHAVSME
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Overview
Anubhav Plast Limited is an Indian manufacturer of ERW steel pipes and tubes, hollow sections, and swaged steel tubular poles under the ANUBHAV brand. The company operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, with integrated capabilities that support in-house pipe production for pole manufacturing and supply to infrastructure-linked sectors such as electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, and general engineering. Anubhav Plast has BIS-certified products, an installed annual capacity of 90,000 MT for ERW pipes and tubes and 150,000 tubular poles, and long operating history of more than three decades supported by relationships with state electricity departments, government-linked contractors, and private customers.
Opening Date
Jun 19, 2026
Closing Date
Jun 23, 2026
Listing Date
Jun 29, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
24 Cr
Fresh Issue
24 Cr
Offer for Sale
0 Cr
Price Band
₹77 - ₹80
Lot Size
1600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to support expansion, working capital, and broader corporate requirements.
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Establish a new manufacturing facility within the existing Kisharwal, Akbarpur, Kanpur Dehat premises for producing crash barriers and solar panel structures, including construction of a new shed, installation of electrical panels and cabling, and procurement of specialized roll forming machines, hydraulic press equipment, and an EOT crane needed for this new product line.
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Fund the company’s growing working capital requirements arising from higher scale of operations, larger inventory and receivables needs, continued participation in government and private sector orders, and the planned expansion of pipe sales in the open market in addition to captive consumption for pole manufacturing.
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Meet general corporate purposes, including supporting business development, operational flexibility, and other corporate requirements, subject to the prescribed limit for such utilization under applicable regulations.
Key Performance Indicator
P/E Ratio
—
EPS
7.5
ROE
29.1%
ROCE
42.65%
RONW
29.1%
Debt to Equity Ratio
—
PAT Margin
6.58%
EBITDA Margin
12.78%
P/B
—
SWOT Analysis
Strengths
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Integrated manufacturing setup with in-house tube mills and pole production supports cost control, quality assurance, and faster execution.
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Long operating history of more than three decades and established relationships with state electricity departments, contractors, and private customers.
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Diversified BIS-certified product portfolio across ERW pipes, hollow sections, and steel tubular poles serving multiple end-use sectors.
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Strategically located manufacturing facilities near raw material sources and key North Indian markets improve logistics efficiency and delivery responsiveness.
Weaknesses
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Business is working-capital intensive, with significant funds tied up in inventories and receivables for tender-driven and large-volume orders.
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Customer concentration is meaningful, with the top customer and top 5 customers contributing a large share of revenue.
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Capacity utilization in pipe manufacturing remains relatively low, indicating dependence on order cycles and underutilized installed capacity.
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Operations are exposed to raw material price fluctuations in HR coils, which can affect margins if increases are not fully passed on.
Opportunities
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Government spending on highways, road safety, and renewable energy creates demand for crash barriers and solar panel structure components.
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Growing domestic steel and infrastructure demand can expand the market for ERW pipes, tubular poles, and structural sections.
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Open-market sales of pipes beyond captive consumption can improve capacity utilization and diversify revenue streams.
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Broader participation in government procurement platforms and EPC supply chains can strengthen institutional order visibility.
Threats
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Volatility in steel, freight, and borrowing costs can pressure profitability and working capital cycles.
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Dependence on government-linked infrastructure and tender activity exposes demand to policy changes, project delays, and spending slowdowns.
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Intense competition from organized and regional steel manufacturers may affect pricing power and market share.
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Supply chain disruptions, geopolitical tensions, and broader economic instability may affect raw material availability, logistics, and customer demand.
Subscription Rate
Frequently Asked Questions about Anubhav Plast Ltd.
Anubhav Plast Limited is an Indian manufacturer of ERW steel pipes and tubes, hollow sections, and swaged steel tubular poles under the ANUBHAV brand. The company operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, with integrated capabilities that support in-house pipe production for pole manufacturing and supply to infrastructure-linked sectors such as electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, and general engineering. Anubhav Plast has BIS-certified products, an installed annual capacity of 90,000 MT for ERW pipes and tubes and 150,000 tubular poles, and long operating history of more than three decades supported by relationships with state electricity departments, government-linked contractors, and private customers.
The Anubhav Plast Ltd. IPO is scheduled to open for subscription on Jun 19, 2026 and close on Jun 23, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Anubhav Plast Ltd. IPO is ₹77 to ₹80. Investors can place bids within this range once the issue opens.
The minimum lot size for the Anubhav Plast Ltd. IPO is 1600 shares. The minimum investment amount ₹1,28,000.
The total issue size of the Anubhav Plast Ltd. IPO is approximately ₹24.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Anubhav Plast Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Anubhav Plast Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Anubhav Plast Ltd. are expected to list on stock exchanges on Jun 29, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Anubhav Plast Ltd. IPO are proposed to be used for The main objectives of the issue are to support expansion, working capital, and broader corporate requirements., Establish a new manufacturing facility within the existing Kisharwal, Akbarpur, Kanpur Dehat premises for producing crash barriers and solar panel structures, including construction of a new shed, installation of electrical panels and cabling, and procurement of specialized roll forming machines, hydraulic press equipment, and an EOT crane needed for this new product line., Fund the company’s growing working capital requirements arising from higher scale of operations, larger inventory and receivables needs, continued participation in government and private sector orders, and the planned expansion of pipe sales in the open market in addition to captive consumption for pole manufacturing., Meet general corporate purposes, including supporting business development, operational flexibility, and other corporate requirements, subject to the prescribed limit for such utilization under applicable regulations.
Before applying for the Anubhav Plast Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
