Anubhav Plast IPO
Anubhav Plast IPO Details
-
Open Date
19 Jun 2026
-
Close Date
23 Jun 2026
- IPO Price Range
₹ 77 to ₹80
- IPO Size
₹ 24.00 Cr
Anubhav Plast IPO Timeline
Last Updated: 18 June 2026 10:35 AM by 5paisa
Anubhav Plast Limited is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, as well as swaged steel tubular poles. The company markets its products under the "ANUBHAV" brand and holds ISI certification on its ERW steel pipes.
The company's products serve a range of sectors including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering and fabrication. Anubhav Plast operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, and has established a presence in government tender-based projects across multiple Indian states.
The company's registered office and Unit-II facility are certified under ISO 9001:2015.
Established in: 1987
Managing Director: Mr. Onkar Nath Gupta
Peers: New Malayalam Steel Limited, P S Raj Steels Limited
Anubhav Plast Objectives
1. Establishment of a new manufacturing facility for the production of Crash Barriers and Solar Panel Structures within the existing manufacturing premises: ₹2.20 crore
2. To meet working capital requirements: ₹13.75 crore
3. Funds will support general corporate purposes
Anubhav Plast IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹24.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹24.00 Cr |
Anubhav Plast IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,56,000 |
| Retail (Max) | 2 | 3,200 | 2,56,000 |
| S - HNI (Min) | 3 | 4,800 | 3,84,000 |
| S - HNI (Max) | 7 | 11,200 | 8,96,000 |
| B - HNI (Min) | 8 | 12,800 | 10,24,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 87.21 | 87.41 | 98.31 |
| EBITDA | 4.26 | 6.64 | 12.18 |
| PAT | 0.74 | 2.08 | 6.00 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 37.91 | 41.69 | 55.50 |
| Share Capital | 4.00 | 4.00 | 8.00 |
| Total Liabilities | 27.80 | 28.99 | 32.64 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | (1.17) | 1.41 | 1.83 |
| Net Cash Generated From / (used in) Investing Activities | (1.06) | (0.39) | (0.53) |
| Net Cash Generated From / (used in) Financing Activities | 1.80 | (2.38) | 0.01 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (0.43) | (1.36) | 1.30 |
Strengths
1. Manufacturer of ERW steel pipes, tubes and swaged steel tubular poles with over three decades of operating experience under the "ANUBHAV" brand
2. Products serve diverse sectors including electricity transmission, street lighting, telecom infrastructure, construction, irrigation and water supply
3. Two manufacturing units in Kanpur Dehat with ERW steel pipe capacity of 7,500 MT per month and swaged steel tubular pole capacity of 12,500 units per month
4. Total income grew from ₹87.21 crore in FY23 to ₹98.31 crore in FY25, with PAT rising from ₹0.74 crore to ₹6.00 crore
Weaknesses
1. Total income was largely flat between FY23 and FY24, reflecting limited growth in the core business during that period
2. Total borrowings increased from ₹27.80 crore in FY23 to ₹32.64 crore in FY25, resulting in a high debt-equity ratio
3. Operating cash flows were negative in FY23, indicating working capital intensity
4. Limited employee base of 35 people as of March 31, 2026, which could constrain operational scale
Opportunities
1. Proposed new manufacturing facility for crash barriers and solar panel structures diversifies product portfolio into infrastructure and renewable energy segments
2. Government focus on road safety through crash barrier mandates on national and state highways creates a new revenue avenue
3. Growing solar energy deployment across industrial, commercial and residential sectors supports demand for solar panel mounting structures
4. Working capital funding from IPO proceeds can support larger order execution
Threats
1. Operates in a highly competitive and fragmented steel pipes and poles segment with multiple domestic players
2. Business is working capital intensive and relies significantly on government tender-based orders, which carry execution and payment risk
3. Raw material costs, primarily HR coils, are subject to steel price volatility which can affect margins
4. Delay in setting up the new crash barrier and solar panel structure facility could affect planned product diversification
1. Over three decades of manufacturing experience in ERW steel pipes and swaged steel tubular poles under the "ANUBHAV" brand
2. Products serve diverse infrastructure sectors including electricity transmission, telecom, construction, irrigation and water supply
3. IPO proceeds will fund a new manufacturing facility for crash barriers and solar panel structures, diversifying the product portfolio
Anubhav Plast operates in the ERW steel pipes and steel tubular poles segment, which serves infrastructure, utility and construction projects across India. Demand for ERW steel pipes is supported by ongoing investments in electricity transmission and distribution, telecom network expansion, street lighting projects and irrigation infrastructure.
Government-led programmes under national highway development, rural electrification and renewable energy expansion are key demand drivers. The company's planned entry into crash barrier manufacturing aligns with the Government of India's road safety initiative mandating crash barriers on national and state highways. Similarly, the growing requirement for solar panel mounting structures from the government's push on utility-scale and rooftop solar installations provides an additional avenue for growth.
- Companies
- Type
- Opening On
-
Turtlemint Fintech Solutions
- Mainboard
- 19th Jun
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Anubhav Plast IPO opens on June 19, 2026 and closes on June 23, 2026.
The size of the Anubhav Plast IPO is ₹24.00 Cr. The issue is entirely a fresh issue.
The price band of Anubhav Plast IPO is fixed at ₹77 to ₹80 per share.
To apply for Anubhav Plast IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Anubhav Plast IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The bid lot of Anubhav Plast IPO is 3,200 shares and minimum investment required is ₹2,46,400.
The share allotment date of Anubhav Plast IPO is June 24, 2026.
The Anubhav Plast IPO will tentatively be listed on BSE SME on June 29, 2026.
Capital Square Advisors Private Limited is the book running lead manager for Anubhav Plast IPO.
Anubhav Plast IPO plans to utilise the raised capital from the IPO for:
1. Establishment of a new manufacturing facility for the production of Crash Barriers and Solar Panel Structures within the existing manufacturing premises – ₹2.20 crore
2. Meeting working capital requirements – ₹13.75 crore
3. General corporate purposes