Anubhav Plast IPO

About Anubhav Plast IPO

The public issue of the Anubhav Plast IPO, an SME IPO, opens on Friday, June 19, 2026 and closes on Tuesday, June 23, 2026. The allotment of shares will take place on Wednesday, Jun 24, 2026. The credit of shares to the demat account will take place on Thursday, June 25, 2026 . The initiation of refunds will take place on Thursday, June 25, 2026 . The listing of shares will take place on Monday, June 29, 2026 .

The offer consists of a fresh issue. The fresh issue will include 0.30 crore shares of ₹24.00 crores. The total number of shares and aggregate amount are 30,00,000 shares aggregating up to ₹24 crores.

Anubhav Plast IPO’s price band is set at ₹77 to ₹80 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by a retail investor is ₹2,56,000 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹3,84,000.

Anubhav Plast is engaged in the business of manufacturing Electric Resistance Welding (ERW) Steel Pipes & Tubes in round and square hollow sections/shapes and swaged steel tubular poles in India, with operations spanning more than three decades. These products are used across a wide range of sectors including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication.

Objectives of Anubhav Plast IPO

• Establishing 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

Industry Outlook

The steel industry has emerged as a major focus area given the dependence of a diverse range of sectors on its output as India works to become a manufacturing powerhouse through policy initiatives like Make in India. With the industry accounting for about 2% of the nation's GDP, India ranks as the world's second-largest producer of steel and is poised to overtake China as the world's second-largest consumer of steel. Both the industry and the nation's export manufacturing capacity have the potential to help India regain its favourable steel trade balance.

About Anubhav Plast

Under the “ANUBHAV” brand, the company manufactures ERW steel pipes, tubes, and hollow sections that bear the ISI certification mark at every meter, reflecting their unwavering commitment to quality. These products are used across a wide range of sectors including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication. Their ERW products are manufactured in compliance with IS:2713, IS:9295, IS:1239, IS:4270, IS:1161, IS:4923, and IS:3589, and are widely accepted by their valued customers for their quality, reliability, and durability. Their facilities are equipped with advanced technology and production processes. They continuously upgrade their plant and machinery in an effort to improve productivity and reduce costs.

Strengths of Anubhav Plast

• Backward integrated manufacturing.
• Experienced promoters and management team.
• Strategically located manufacturing facilities enabling operational efficiencies.
• Established infrastructure to support project-based demand.
• Diversified high-quality product range with customization.

Risks of Anubhav Plast

• They derive a significant portion of their revenue from private clientele and government.
• They are dependent on few suppliers for purchase of raw materials.
• The company derives a significant portion of revenue from manufacturing of ERW Steel Pipes and Steel Tubular Poles.
• They are dependent on Hot-Rolled Steel Coils (HR Coils) as their primary raw material, and any disruption in their supply or increase in prices may adversely affect their business.
• Increases in the prices of raw material or volatility in the supply and pricing of their raw material, and failure by suppliers to meet their obligations.

Source: All the financial information for listed industry peer mentioned above is on a standalone basis sourced from the Annual Reports/Information of the peer company uploaded on the NSE and BSE Limited website for the year ended March 31, 2025. CMP is on May 25, 2026, on NSE/BSE. ^To be included post finalization of the Issue Price.

Notes: 1. The financial information for the company is based on the Restated Financial Information as at and for the financial year ended March 31,2025.

2. P/E Ratio has been computed based on the closing market price of equity shares on May 25, 2026, divided by the Basic EPS as on March 31, 2025.

3. RoNW is computed as net profit after tax divided by the average net worth. Net worth has been computed as the sum of share capital and reserves and surplus.

4. NAV is computed as the closing net worth divided by weighted average number of equity shares at the end of the year/period.

5. The face value of Equity Shares of the company is ₹ 10/- per Equity Share and the Issue price is [-] times the face value at the floor price and [-] times the face value at the cap price.

6. The Price band and Issue Price of will be determined by the Company in consultation with the Book Running Lead Manager, and in accordance with applicable law, on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and quantitative and qualitative factors as described above.

Anchor Investor Bidding Date: Thursday June 18, 2026

Registrar
Bigshare Services Private Limited
Email: ipo@bigshareonline.com
Phone No.: 22- 62638200

Book Running Lead Manager
Capital Square Advisors Private Limited

Anubhav Plast Contact Details
7/41 A, Basement, Basant Tower, Tilak Nagar, Swarup Nagar, Kanpur, Uttar Pradesh, 208002
Email: cs@anubhavpole.com
Phone: 7526065186

Business Model

The company earns its revenue through manufacturing Electric Resistance Welding Steel Pipes & Tubes in round and square hollow sections/shapes and swaged steel tubular poles in India.

Anubhav Plast Growth Trajectory

Anubhav Plast’s Total Income for FY25 was ₹98.311 crores, whereas in FY24 and FY23 it was ₹87.407 crores and ₹87.214 crores, respectively.

The Profit After Tax for FY25 was ₹5.997 crores, whereas in FY24 and FY23 it was ₹2.080 crores and ₹0.744 crores, respectively.

Their EBITDA for FY25 was ₹12.183 crores, whereas in FY24 and FY23 it was ₹6.639 crores and ₹4.258 crores, respectively .

Anubhav Plast Market Position

Their consistent engagement in procurement channels has enabled them to secure contracts for the supply of their products across a wide spectrum of government and semigovernment projects. Over the years, they have developed and maintained long-standing relationships with several state electricity departments, including those of Uttar Pradesh, Delhi, Rajasthan, Himachal Pradesh, Uttarakhand, Madhya Pradesh, Jammu & Kashmir, and Meghalaya. As of March 31, 2026, the company was executing orders for the Jammu & Kashmir and Himachal Pradesh Electricity Boards.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹98.311 crores, ₹5.997 crores, and ₹12.183 crores, respectively.

How to apply for Anubhav Plast IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.