Anchor Offshore Services Files DRHP For IPO With 64 Lakh Fresh Shares
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Anchor Offshore Services has filed its DRHP with SEBI for an IPO comprising 64 lakh fresh shares and a 6-lakh-share OFS. The company plans to use ₹82.5 crore of the fresh proceeds for working capital.
Anchor Offshore Services has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
The Mumbai-based engineering services company plans to raise fresh capital mainly to meet its working capital needs.
The Anchor Offshore Services IPO will comprise a fresh issue of 64 lakh shares and an offer for sale (OFS) of 6 lakh shares by the promoters.
Usage Of Proceeds
Anchor Offshore Services plans to use ₹82.5 crore from the fresh issue proceeds towards long-term working capital requirements. Another ₹3 crore has been earmarked for repayment of debt, while the remaining funds will be used for general corporate purposes.
As of 14 August 2026, the company's total fund-based outstanding borrowings stood at ₹8.88 crore, according to the DRHP filed on 15 September.
About Anchor Offshore Services
Promoted by Narothamdas Chanillo, Anchor Offshore Services works on engineering projects and supplies equipment, spare parts and specialised manpower to customers in the oil and gas, defence and power sectors.
Its work covers offshore platforms, drilling rigs, refineries, shipyards, marine vessels and other industrial facilities.
The company had an order book of ₹217.2 crore as of June 2026. This represented the unexecuted portion of 57 projects with a combined value of ₹628.3 crore. Work worth ₹411.1 crore had already been completed from these orders.
Financial Performance In FY26
Anchor Offshore Services reported a decline in both revenue and profit in FY26. Revenue fell 24.4% to ₹105.8 crore from ₹140 crore a year earlier.
Profit after tax dropped 37.6% to ₹8.03 crore from ₹12.9 crore in FY25.
Nirbhay Capital Services has been appointed as the merchant banker for the proposed Anchor Offshore Services IPO.
Also Read - Prasol Chemicals IPO Listing: Shares List At A Discount Of Nearly 10%
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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