Anawil Wire & Engineering IPO Day 1: Issue subscribed 70% so far, GMP signals 30% listing premium

Anawil Wire & Engineering IPO opened for subscription on Monday, August 3, and witnessed healthy investor interest on the first day of bidding. As of the latest update, the IPO was subscribed 70%, with bids received for around 47.10 lakh shares.

Investor sentiment also remains upbeat in the grey market. The IPO is currently commanding a Grey Market Premium (GMP) of Rs 80, or nearly 30% over the upper price band, indicating expectations of a strong stock market debut.

The Rs 177.81 crore public issue comprises a fresh issue of 53 lakh equity shares aggregating to Rs 142.69 crore and an Offer for Sale (OFS) of 13 lakh equity shares worth Rs 35.12 crore.


The IPO opened for subscription on August 3 and will close on August 5, 2026. The basis of allotment is likely to be finalised on August 6, while the company's shares are expected to make their debut on the NSE SME platform on August 10, 2026, subject to regulatory approvals.

The IPO has been priced in the band of Rs 257-270 per share. Investors can bid in lots of 400 shares. Retail investors are required to apply for a minimum of two lots (800 shares), translating into an investment of Rs 2.16 lakh at the upper price band. For HNIs, the minimum application size is three lots (1,200 shares), amounting to Rs 3.24 lakh.

Hem Securities Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is acting as the registrar.

Anawil Wire & Engineering IPO GMP today

According to the latest grey market trends, the IPO is trading at a GMP of Rs 80, reflecting a premium of nearly 30% over the upper issue price of Rs 270. Based on the current premium, the shares are estimated to list at around Rs 350 apiece.

However, investors should note that the grey market premium is unofficial and sentiment-driven, and can fluctuate significantly before listing.

How the company plans to use the IPO proceeds

The company intends to utilise the bulk of the net proceeds to repay or prepay existing borrowings. Around Rs 115 crore has been earmarked for debt reduction, which is expected to strengthen its balance sheet and lower finance costs.

The remaining proceeds will be used for general corporate purposes, in line with the objectives outlined in the offer document.

About Anawil Wire & Engineering

Founded in January 2021, Anawil Wire & Engineering Ltd. manufactures windmill towers and specialises in the fabrication of heavy and precision-engineered steel components for the renewable energy sector. The company produces customised tubular steel windmill towers of up to 140 metres for leading wind turbine generator (WTG) manufacturers and renewable energy companies.

It operates two manufacturing facilities located in Koppal, Karnataka, and Kutch, Gujarat, with a combined annual production capacity of 612 windmill towers. The plants are equipped with advanced fabrication, welding, testing and quality-control infrastructure that enables the company to manufacture products meeting international quality standards.

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