ANB Metal Cast was incorporated on March 7, 2019. The company manufactures aluminium extrusion products like motor bodies, round bars, solar profiles, and window frames for industries such as automotive, electronics, solar, and architecture. Its Rajkot-based plant uses aluminium scrap to make customized profiles for both domestic and international clients
| Bidding Dates |
|---|
| 08 Aug 2025 - 12 Aug 2025 |
| Subscription |
|---|
| 1.92x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,36,800 | 2 | 2 | 800 | 3.2 M | ₹148 - ₹156 | 66.75 % | ₹473.6 M - ₹499.2 M | RHP DOC |
ANB Metal Cast IPO SUBSCRIPTION STATUS
12 Aug '25ANB Metal Cast IPO overall subscription rate was 1.92 times the total available shares
ANB Metal Cast IPO retail subscription rate was 3.12 times in the retail segment
ANB Metal Cast IPO non-institutional investor subscription rate was 3.7 times in the non-institutional investor category
ANB Metal Cast IPO Qualified Institutional Bidder subscription rate was 0.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Aug 2025 (Day 3) | 3.12x | 3.7x | 0.54x |
11 Aug 2025 (Day 2) | 0.94x | 1.39x | 0.2x |
08 Aug 2025 (Day 1) | 0.36x | 0.54x | 0.2x |
ANB Metal Cast FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 162.6 | 10.2 | 4.0 | 4.0 | 10.7% |
| FY24 | 112.1 | 5.3 | -7.3 | -7.3 | 9.6% |
| FY23 | 84.3 | 1.8 | -6.4 | -6.4 | 3.7% |
ANB Metal Cast IPO SUBSCRIPTION STATUS DETAILS
ANB Metal Cast had 3.2 M shares on offer
ANB Metal Cast IPO offer price was in the range ₹148 - ₹156
ANB Metal Cast IPO minimum Investment was ₹236800
ANB Metal Cast IPO issue size was ₹ 473.6 M - ₹ 499.2 M
ANB Metal Cast had a minimum lot size of 800 Shares per application
ANB Metal Cast NUMBER OF SHARES ON OFFER
ANB Metal Cast IPO IMPORTANT DATES
| Issue Open Date | 08 Aug 2025 |
| Issue close Date | 12 Aug 2025 |
| Allotment Date | 13 Aug 2025 |
| Refund Date | 14 Aug 2025 |
| Demat Account Credit Date | 14 Aug 2025 |
| Listing Date | 18 Aug 2025 |
| Listing on Exchange(s) | NSE |
| ANB Metal Cast Allotment Status | Exchange/ Registrar |
ANB Metal Cast IPO subscription opened on 08 Aug 2025, and closed on 12 Aug 2025
IPO allotment for ANB Metal Cast was finalized on Wednesday, 13 Aug 2025
IPO listing for ANB Metal Cast was on NSE on Monday, 18 Aug 2025
ANB Metal Cast IPO LISTING GAINS
| Issue Price (adjusted) | 156.0 |
| Listing Open Price | 164.0 |
| Listing Close Price | 172.2 |
| Listing Gain% | 5.1% |
| Current Gain% | 153.2% |
ANB Metal Cast Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANB Metal Cast Ltd. | 395 | 467.5 | 21.8 | 0.2 | 2.1 | 21.8 | 11.7 | 225.3 | 38.5 | 21.5 | 109.4 | 18.1 | 109.4 |
| Hindalco Industries Ltd. | 1059.6 | 238116.1 | 14.5 | -4.6 | 0.8 | 9.8 | 3.8 | 277833 | 15.2 | 13391 | -16.3 | 73 | -3.1 |
| Vedanta Aluminium Metal Ltd. | 470 | 183807.8 | 0 | -192.6 | 0 | 0 | -28.4 | ||||||
| Vedanta Ltd. | 278.8 | 109041.2 | 5.5 | 0.2 | 1 | 35 | 7.4 | 79987 | -48.9 | 17391 | 16 | 50.3 | 35.1 |
| National Aluminium Company Ltd. | 381 | 69975.7 | 10.4 | 0.6 | 3.6 | 26.8 | 21.8 | 18508.9 | 8 | 5797 | 10 | 36.8 | 17.8 |
| CMR Green Technologies Ltd. | 225.6 | 4941.9 | 13.9 | 5.5 | 8659.2 | 29.3 | 212.4 | 49.1 |
ANB Metal Cast INFORMATION ON IPO ISSUE
About ANB Metal Cast
ANB Metal Cast was incorporated on March 7, 2019. The company manufactures aluminium extrusion products like motor bodies, round bars, solar profiles, and window frames for industries such as automotive, electronics, solar, and architecture. Its Rajkot-based plant uses aluminium scrap to make customized profiles for both domestic and international clients
Object of the Issue
- Funding capital expenditure requirements for the proposed expansion in existing manufacturing facilities of the company by constructing additional floor and installation of additional plant and machineries
- Part funding long-term working capital requirement
- General corporate purposes
ANB Metal Cast - PROMOTERS
| Name |
|---|
| Avnishkumar Dhirajlal Gajera |
ANB Metal Cast - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Dhirajlal Nagjibhai Gajera | Managing Director |
| Manilal Bhagwanji Rughani | Independent Director |
| Pankajbhai Pranlal Kakkad | Independent Director |
| Bipinbhai Jethalal Rupareliya | Independent Director |
ANB Metal Cast Book Running Lead Manager
Sun Capital Advisory Services Private Limited
mb@suncapital.co.in
ANB Metal Cast Registrar to the issue
Kfin Technologies Limited
anb.ipo@kfintech.com
ANB Metal Cast Strengths
Diverse product portfolio
The company has developed a broad range of aluminum extrusion products with the aim of becoming a one-stop solution for non-ferrous metal needs. With a large inventory of dies, it can deliver customized profiles across various specifications
Customization and flexibility
The company offers a wide selection of extrusions in different shapes, sizes, and finishes, catering to specific client needs. Its ownership of multiple dies enables it to introduce new designs as required, strengthening client satisfaction and expanding its market presence through product flexibility
Supplier relationship
The company maintains strong ties with a network of raw material suppliers across India and abroad, helping ensure a steady supply of quality aluminum and metal scrap. Despite the absence of long-term contracts, these relationships allow for reliable sourcing at acceptable prices
ANB Metal Cast Risks
Product concentration
The company derives its entire revenue from aluminum extrusion products used in engineering, automotive, electronics, and solar sectors. Any decline in demand for these specific products could severely impact its financial performance, profitability, and operational stability
Raw material volatility
The company depends heavily on aluminum scrap and ingots, which account for over 85% of revenue from operations. Any increase in raw material prices or delays in availability can inflate costs, shrink profit margins, and impair its ability to fulfill customer orders
Location-specific exposure
The company’s manufacturing facility is located solely in Rajkot, Gujarat, exposing operations to local economic, political, and environmental risks. Events such as policy changes, natural disasters, labor unrest, or infrastructure failures in the region could disrupt production
IPO FAQs
The promoter of the company is Avnishkumar Dhirajlal Gajera.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 148.0 - 156.0.
The IPO application opens on Aug 08, 2025 and closes on Aug 12, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 236,800.0, the maximum value for this IPO is Rs 249,600.0.
This IPO will be allotted on Aug 13, 2025.
The refund will be credited to your account on Aug 14, 2025.
The allotted shares will be credited to your demat on Aug 14, 2025.
ANB Metal Cast Ltd.’s shares listed on the stock exchanges on Aug 18, 2025.