Anubhav Plast was incorporated on January 01, 1987. The company is engaged in the manufacturing of ERW steel pipes, tubes, hollow sections, and swaged steel tubular poles under the “ANUBHAV” brand, with over three decades of industry experience. Its ISI-certified products cater to diverse sectors such as power transmission, telecom, construction, irrigation, water supply, and engineering applications, with a strong focus on quality, reliability, and durability
| Bidding Dates |
|---|
| 19 Jun 2026 - 23 Jun 2026 |
| Subscription |
|---|
| 2.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,46,400 | 2 | 2 | 1600 | 3.0 M | ₹77 - ₹80 | 72.73 % | ₹231.0 M - ₹240.0 M | RHP DOC |
Anubhav Plast IPO SUBSCRIPTION STATUS
23 Jun '26Anubhav Plast IPO overall subscription rate was 2.1 times the total available shares
Anubhav Plast IPO retail subscription rate was 3.44 times in the retail segment
Anubhav Plast IPO non-institutional investor subscription rate was 3.8 times in the non-institutional investor category
Anubhav Plast IPO Qualified Institutional Bidder subscription rate was 0.65 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Jun 2026 (Day 3) | 3.44x | 3.8x | 0.65x |
22 Jun 2026 (Day 2) | 2.13x | 2.76x | 0.65x |
19 Jun 2026 (Day 1) | 1.58x | 2.05x | 0.54x |
Anubhav Plast 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 |
| 9MFY26 | 80.5 | 5.3 | -0.9 | -1.0 | 12.8% |
| FY25 | 98.2 | 6.0 | 1.8 | 1.2 | 12.4% |
| FY24 | 87.3 | 2.1 | 1.4 | 0.7 | 7.6% |
| FY23 | 87.1 | 0.7 | -1.2 | -2.0 | 4.9% |
Anubhav Plast IPO SUBSCRIPTION STATUS DETAILS
Anubhav Plast had 3.0 M shares on offer
Anubhav Plast IPO offer price was in the range ₹77 - ₹80
Anubhav Plast IPO minimum Investment was ₹246400
Anubhav Plast IPO issue size was ₹ 231.0 M - ₹ 240.0 M
Anubhav Plast had a minimum lot size of 1600 Shares per application
Anubhav Plast NUMBER OF SHARES ON OFFER
Anubhav Plast IPO IMPORTANT DATES
| Issue Open Date | 19 Jun 2026 |
| Issue close Date | 23 Jun 2026 |
| Allotment Date | 24 Jun 2026 |
| Refund Date | 25 Jun 2026 |
| Demat Account Credit Date | 25 Jun 2026 |
| Listing Date | 29 Jun 2026 |
| Listing on Exchange(s) | BSE |
| Anubhav Plast Allotment Status | Exchange/ Registrar |
Anubhav Plast IPO subscription opened on 19 Jun 2026, and closed on 23 Jun 2026
IPO allotment for Anubhav Plast was finalized on Wednesday, 24 Jun 2026
IPO listing for Anubhav Plast was on BSE on Monday, 29 Jun 2026
Anubhav Plast IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 76.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -35.6% |
Anubhav Plast 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anubhav Plast Ltd. | 51.5 | 56.6 | 9.4 | 0.1 | 0.6 | 38.6 | 10.8 | 98.3 | 12.5 | 6 | 188.3 | 5.5 | 188.3 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Anubhav Plast INFORMATION ON IPO ISSUE
About Anubhav Plast
Anubhav Plast was incorporated on January 01, 1987. The company is engaged in the manufacturing of ERW steel pipes, tubes, hollow sections, and swaged steel tubular poles under the “ANUBHAV” brand, with over three decades of industry experience. Its ISI-certified products cater to diverse sectors such as power transmission, telecom, construction, irrigation, water supply, and engineering applications, with a strong focus on quality, reliability, and durability
Object of the Issue
- Establishment of a new manufacturing facility for the production of crash barriers and solar panel structures within the existing manufacturing premises
- To meet working capital requirements
- General corporate purpose
Anubhav Plast - PROMOTERS
| Name |
|---|
| Onkar Nath Gupta |
| Vinamra Gupta |
| Bina Gupta |
| Tanvi Gupta |
Anubhav Plast - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Onkar Nath Gupta | Managing Director |
| Vinamra Gupta | Director |
| Tanvi Gupta | Director |
| Bina Gupta | Director |
| Saurav Dubey | Independent Director |
| Siddhant Sahu | Independent Director |
Anubhav Plast Book Running Lead Manager
Capitalsquare Advisors Private Limited
mb@capitalsquare.in
Anubhav Plast Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Anubhav Plast Strengths
Backward integrated manufacturing
The company operates an integrated manufacturing facility for ERW steel pipes, structural steel tubes, and swaged steel tubular poles, supported by in-house tube mills and processing capabilities that enhance operational efficiency and quality control. Its backward integration initiatives and strategic raw material sourcing arrangements help ensure reliable supply, reduced lead times, and improved cost competitiveness
Diversified high-quality product range
The company offers a diversified portfolio of BIS-compliant ERW steel pipes, structural hollow sections, and swaged steel tubular poles across a wide range of specifications and applications. Its integrated manufacturing capabilities also enable product customization, allowing it to serve as a comprehensive and reliable solution provider for diverse customer requirements
Established infrastructure
The company operates integrated manufacturing facilities for BIS-compliant ERW steel pipes, structural tubes, and swaged steel tubular poles, enabling efficient production of both standard and customized products. Supported by reliable raw material sourcing and long-standing relationships with state utilities and private customers, it focuses on delivering consistent quality, timely execution, and dependable supply
Anubhav Plast Risks
Working capital intensive
The company’s operations are working capital intensive due to significant raw material procurement, inventory requirements, and credit sales associated with large-scale government and private sector contracts. Any delay in customer payments or inability to maintain adequate working capital could adversely affect its liquidity, cash flows, business operations, and financial performance
Project execution or delay risks
The company’s business depends on the timely execution and delivery of products under customer contracts, including government and large-scale project orders. Any delays arising from raw material shortages, production issues, logistics disruptions, or workforce constraints could lead to penalties, contract cancellations, reputational damage, and an adverse impact on financial performance
Price volatility & global trade risks
The company operates in the cyclical steel industry and is exposed to fluctuations in steel prices, raw material costs, and changing demand-supply dynamics. Any volatility in steel prices, adverse global trade policies, or changes in import/export regulations could impact procurement costs, profit margins, inventory values, and overall financial performance
IPO FAQs
The promoters of the company are Onkar Nath Gupta, Vinamra Gupta, Bina Gupta and Tanvi Gupta.
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 77.0 - 80.0.
The IPO application opens on Jun 19, 2026 and closes on Jun 23, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 246,400.0, the maximum value for this IPO is Rs 256,000.0.
This IPO will be allotted on Jun 24, 2026.
The refund will be credited to your account on Jun 25, 2026.
The allotted shares will be credited to your demat on Jun 25, 2026.
Anubhav Plast Ltd.’s shares listed on the stock exchanges on Jun 29, 2026.