Anubhav Plast Ltd. (BSE SME)

Incorporated in 1987 and based out of Kanpur, Uttar Pradesh, Anubhav Plast Limited is an established player with over three and a half decades of experience in steel fabrication. The company is primarily engaged in manufacturing Electric Resistance Welding (ERW) steel pipes, tubes, structural hollow sections, and swaged steel tubular poles under its registered brand name “ANUBHAV”. Operating on a B2B and B2G model, the firm addresses critical infrastructure needs for public utilities and private contractors alike.

Business Verticals

• ERW Steel Pipes & Tubes: Manufacturing high-durability M.S. black and galvanized steel pipes utilized in irrigation, telecom, fabrication, and large-scale water distribution pipelines.

• Swaged Tubular Poles: Producing specialized overhead distribution and street lighting steel poles compliant with strict IS:2713 manufacturing benchmarks.

• Structural Hollow Sections: Supplying round, rectangular, and square structural hollow steel frames for construction and engineering frameworks.

Track Record

• Revenue Growth: Total operational revenue expanded consistently over recent terms, climbing from ₹87.14 Cr in FY23 to ₹87.33 Cr in FY24, and rising further to ₹98.17 Cr for the fiscal year ended March 31, 2025.

• Profitability: Net profit (PAT) registered rapid growth momentum, shooting up from ₹0.76 Cr in FY23 to ₹2.08 Cr in FY24, and expanding sharply to ₹6.06 Cr in FY25.

• Infrastructure Base: Operates two fully integrated manufacturing facilities located in Kanpur Dehat, Uttar Pradesh, featuring an installed capacity of 90,000 MT per annum for pipes alongside 1,50,000 units per annum for tubular poles.

Anubhav Plast Ltd IPO GMP

As of June 17, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Because the official bidding window opens this Friday on June 19, early grey market tracking metrics are initially flat. However, the company holds high capital productivity margins, boasting an impressive Return on Equity (ROE) of 38.76% for FY25.

Anubhav Plast Ltd IPO Allotment Status

The allotment is scheduled to be finalized on June 24, 2026.

Check Anubhav Plast Allotment Status

To check your status online, visit the official assigned registrar portal: Bigshare Services IPO Portal

You can verify your status via:

• Registrar's website (Bigshare Services Private Limited)

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Strengths

• Decades of Industry Footprint: Over 38 years of robust manufacturing background under the recognized "ANUBHAV" banner, fostering deep trust with state electricity boards.

• Backward Integrated Operations: Employs in-house tube mills and slitting lines that support seamless custom engineering, strict quality controls, and a reduced lead-time layout.

• Strong Return Margins: Showcases highly efficient operational efficiency with an EBITDA margin of 12.78% and an outstanding Return on Equity (ROE) hitting 38.76% in FY25.

Weaknesses

• Government Tender Dependence: A heavy share of core revenue relies directly on winning infrastructure tenders, making execution vulnerable to shifts in public spending budgets.

• Raw Material Volatility: Production yields remain highly sensitive to market fluctuations in primary raw material inputs, specifically Hot-Rolled Steel Coils (HR Coils).

• Capital Intensive Nature: Operating activities require continuous deployment of working capital buffers to tackle longer inventory storage and receivable timelines.

How the Company Will Use IPO Money

The fresh issue proceeds (₹24.00 Cr) will be utilized for:

• Working Capital Requirements: Funding regular incremental working capital demands to manage bulk inventory and trade receivables (₹13.75 Cr).

• Capital Expenditure: Setting up a brand-new processing facility layout within existing premises to manufacture crash barriers and solar panel structural components (₹2.20 Cr).

• General Corporate Purposes: Allocation toward brand promotion, legal issue management, and ongoing corporate administrative expenses (₹8.05 Cr).

Lead Manager & Registrar

• Lead Manager: Capital Square Advisors Private Limited

• Registrar: Bigshare Services Private Limited

  Phone: +91 22 6263 8200

  Email: ipo@bigshareonline.com