About Anubhav Plast IPO
Anubhav Plast IPO Details
The Anubhav Plast IPO is a fully book-built IPO consisting of a fresh issuance of up to 30,00,000 equity shares with a face value of ₹10. There is no Offer for Sale (OFS) component of this issue, which means the entire issue consists of a fresh issuance of shares. The issuer has filed its DRHP with the Exchange on September 9, 2025.
The price band for this issue has been fixed at ₹77 to ₹80 per share and the lot size is 1,600 shares. The minimum investment amount for an individual investor has been calculated to be ₹2,56,000 for 3,200 shares. The IPO subscription period will be June 19 to 23, 2026 on the BSE SME segment and the listing day is tentatively fixed for June 29, 2026. CapitalSquare Advisors Private Limited acts as the Book Running Lead Manager of the issue and the registrar to the offer is Bigshare Services Pvt.Ltd..
Anubhav Plast IPO Date & Timeline
The Anubhav Plast IPO is officially set to open for subscription on Jun 19, 2026 and will close on Jun 23, 2026. The company filed its Draft Red Herring Prospectus (DRHP) with the Exchange on September 9, 2025, and has now finalised its schedule following regulatory approval. On closure of the subscription process, the allotment process is anticipated on Jun 24, 2026. This would be followed by refunding and crediting of shares to the demat account of successful subscribers on Jun 25, 2026. At last, shares of Anubhav Plast Ltd. are provisionally planned for listing on stock exchanges on Jun 29, 2026.
Anubhav Plast IPO Timeline
| IPO Open Date | Fri, Jun 19, 2026 |
| IPO Close Date | Tue, Jun 23, 2026 |
| Basis of Allotment | Wed, Jun 24, 2026 |
| Initiation of Refunds | Thu, Jun 25, 2026 |
| Credit of Shares to Demat | Thu, Jun 25, 2026 |
| Listing Date | Mon, Jun 29, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Anubhav Plast IPO Details
| Detail | Description |
|---|---|
| IPO Date | 19 to 23 Jun, 2026 |
| Listing Date | 29 Jun, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 77 to ₹ 80 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 30,00,000 shares (agg. up to ₹ 24 Cr) |
| Reserved for Market Maker | 1,50,400 shares (agg. up to ₹ 1 Cr) CapitalSquare Financial Services Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 28,49,600 shares (agg. up to ₹ 23 Cr) |
| Offer for Sale | - |
| Net Offered to Public | 28,49,600 shares (agg. up to ₹ 23 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSESME / NSESME |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,10,00,000 shares |
Anubhav Plast IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Anubhav Plast IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹80, which is 0% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Anubhav Plast GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 20 Jun 2026 | ₹80.00 | ₹0 | 20 Jun, 202611:56 AM |
| 19 Jun, 2026 | ₹80.00 | ₹0 | 19 Jun, 202610:31 AM |
| 18 Jun, 2026 | ₹80.00 | ₹0 | 18 Jun, 202612:00 PM |
| 17 Jun, 2026 | ₹80.00 | ₹0 | 17 Jun, 202610:07 AM |
| 16 Jun, 2026 | ₹80.00 | ₹0 | 16 Jun, 202610:51 AM |
Company Background
The company was founded as Anubhav Plast Private Limited on 1st January 1987 in Uttar Pradesh under the provisions of the Companies Act 1956. The company was converted into a public limited entity in January 2025 following a special resolution passed in December 2024. Based in Kanpur, Uttar Pradesh, the company has grown from a single-product manufacturer into an integrated steel solutions provider, backed by more than three decades of manufacturing and capital market experience, while steadily expanding its capabilities to serve large-scale industrial projects.
Operations & Product Range
Anubhav Plast Limited engages primarily in the production of structural steel from hot-rolled steel coils. The major products produced by the company include electric resistance welding steel pipes and tubes and steel tubular poles available in round and square shapes as per BIS standards. These products are widely used in construction, engineering infrastructure, telecom towers, agricultural irrigation systems, electricity distribution networks, street lighting, and highway illumination projects. The company primarily serves government utilities, public sector departments, and private infrastructure developers.
Facilities & Capacity
Anubhav Plast Limited operates two manufacturing units in Uttar Pradesh. Unit I at Rania, Kanpur Dehat, produces swaged poles, while Unit II at Kisharwal, Akbarpur, manufactures ERW steel pipes and swaged poles through automated tube mills. The company has an installed capacity of 90,000 MT annually for ERW steel pipes and 1,50,000 units annually for swaged steel tubular poles. The company is planning to add a new factory shed at Unit II for manufacturing highway crash barriers and solar panel structural framing.
Brands & Market Presence
The company markets its products under the "ANUBHAV" brand, which has a strong presence in Northern India's utility sector. Its ISI-certified products are supplied mainly in Uttar Pradesh, along with projects in Jammu & Kashmir, Rajasthan, Himachal Pradesh, Delhi, and Madhya Pradesh. The business is focused entirely on the domestic infrastructure market and has no export operations.
Revenue Streams & Business Model
Anubhav Plast Limited derives most of its income from selling steel tubular poles and ERW steel pipes, with some extra revenue from the slitting of hot-rolled coil and the processing of scraps. In FY25, Anubhav Plast earned ₹45.14 crore (45.98%) from steel tubular poles and ₹43.11 crore (43.92%) from ERW steel pipes. The major markets of the firm are located in Uttar Pradesh, with ₹90.79 crore (92.48%) of total revenue in FY25 being earned there. Anubhav Plast participates in the bidding process for tenders issued by state utilities directly and supplies ERW steel pipes to construction firms executing the electrification programs launched by the government.
Management & Shareholding
The promoter group, Mr. Onkar Nath Gupta, Mrs. Bina Gupta, Mr. Vinamra Gupta, and Mrs. Tanvi Gupta hold about 80 lakh equity shares, representing 99.99% of the pre-issue equity capital. Their stake will be diluted after the IPO, while the required portion of the post-issue capital will remain locked in as per regulatory requirements.
Board & Key Management
A competent management team manages Anubhav Plast Ltd. In the role of Chairman, Ms. Bina Gupta plays a very important part in providing guidance. At the same time, Mr. Onkar Nath Gupta acts as the Managing Director and takes care of all the operational affairs of the organisation, alongside Whole-Time Directors. The inclusion of independent directors in the boardroom helps in effective governance.
Anubhav Plast IPO Financial Information
Latest Revenue
80.49
₹ Crore
Profit After Tax
5.3
₹ Crore
Net Worth
20.85
₹ Crore
Total Borrowing
34.81
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 66.69 | 80.49 | 5.3 | 20.85 | 12.85 | 34.81 | |||
| 31 Mar 2025 | 55.5 | 98.17 | 6 | 15.55 | 7.55 | 7.55 | |||
| 31 Mar 2024 | 41.69 | 87.33 | 2.08 | 9.55 | 5.55 | 28.99 | |||
| 31 Mar 2023 | 37.91 | 87.14 | 0.74 | 7.47 | 3.47 | 27.8 | |||
| Amount in ₹ Crore | |||||||||
Anubhav Plast Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.1 % |
| ROCE | 42.65 % |
| Debt/Equity | 1.67 |
| RoNW | 29.1 % |
| PAT Margin | 6.58 % |
| EBITDA Margin | 12.78 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.5 | 6.42 |
| P/E (x) | - | - |
Anubhav Plast IPO Objectives
The company mainly aims to utilise the IPO proceeds for strategic purposes:
- • Funding the capital expenditure for the set-up of a new manufacturing shed, including factory shed construction, civil infrastructure, and machinery for manufacturing highway crash barriers and solar panel structural components at Unit II (₹2.20 crore)
- • Funding the working capital requirements (₹13.75 crore)
- • General corporate purposes, subject to the regulatory limit of 15% of gross issue proceeds
Anubhav Plast IPO Review
Anubhav Plast Limited operates in the secondary steel processing industry, supplying products for infrastructure applications and maintaining a long track record of executing public utility projects, particularly in power transmission and distribution. The company is also planning to expand into highway guardrails and solar mounting systems using IPO proceeds, aligning its growth strategy with infrastructure development opportunities.
The company has demonstrated strong financial performance in recent years. While the operational income increased from ₹87.14 crore in FY23 to ₹98.17 crore in FY25, PAT showed an increase from ₹0.76 crore to ₹6.06 crore within the same timeframe. Moreover, the EBITDA margins improved from 4.89% to 12.41%, indicating enhanced profitability and efficiency of operations.
However, the company also has some challenges it needs to deal with. Firstly, a majority of its revenue generation has been coming from Uttar Pradesh alone, as this region accounted for more than 92% of operational income for the company, and sourcing of raw materials is also concentrated, as it accounts for nearly half the steel needed by the company. Finally, it runs a business that has high working capital intensity, with longer inventory turnover cycles.
Conclusion
The upcoming IPO of Anubhav Plast Limited features a well-proven regional manufacturer business looking for entry into the promising construction sectors. Through its successful track record in producing swaged poles and structural tubes, the company seeks to leverage itself in the solar power frameworking and highway logistics domains. Financial strength backs the company’s approach towards execution in the past three fiscal years. In evaluating the Anubhav Plast IPO, the informed retail investor would balance the operational strengths of the business versus its high regional focus.
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Competitive Strengths
Backward Integrated Model: Running its own tube mills and slitting plants makes the company independent of external suppliers and helps expand gross margin.
Strategic Location Advantage: Production facilities are situated close to important transportation corridors in the north and are within a distance of 25 kilometres from a public steel producer
Long-Standing Client Relationships: More than 30 years of dealing with different State Electricity Boards and leading private EPC companies.
Quality Assurance & Compliance: Holds full Bureau of Indian Standards certifications across seven technical codes, ensuring seamless eligibility for government procurement portals.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | 256000 |
| Individual investors (Retail) (Max) | 2 | 3200 | 256000 |
| S-HNI (Min) | 3 | 4800 | 384000 |
| S-HNI (Max) | 7 | 11200 | 896000 |
| B-HNI (Min) | 8 | 12800 | 1024000 |