Anubhav Plast IPO opens for subscription today. GMP among key details to know before subscription

The IPO of Anubhav Plast will open for subscription on Friday, June 19, and will close on June 23. Ahead of the issue, the company's shares were trading at a grey market premium (GMP) of nil, indicating no expected listing gains in the unofficial market.

The BSE SME issue is a book-built fresh issue of 30 lakh equity shares aggregating to Rs 24 crore. The company has fixed the price band at Rs 77-80 per share.

Investors can apply for a minimum of 3,200 shares, requiring an investment of Rs 2.56 lakh at the upper end of the price band. The minimum application size for HNI investors is 4,800 shares, amounting to Rs 3.84 lakh.


The basis of allotment is expected to be finalised on June 24, while the shares are scheduled to list on the BSE SME platform on June 29.

Anubhav Plast, incorporated in 1987, manufactures Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, along with swaged steel tubular poles marketed under the "ANUBHAV" brand. Its products are used across electricity transmission and distribution, telecom infrastructure, construction, irrigation, water supply and engineering sectors.

The company operates two manufacturing facilities in Kanpur Dehat, Uttar Pradesh, with an annual production capacity of 90,000 metric tonnes of ERW steel pipes and tubes and 1.5 lakh swaged steel tubular poles. It primarily caters to government tender-based projects across multiple states.

According to its restated financials, the company reported total income of Rs 98.31 crore and a net profit of Rs 6 crore for FY25, compared with revenue of Rs 87.41 crore and profit of Rs 2.08 crore in FY24. As of December 2025, it had reported total income of Rs 80.60 crore and profit after tax of Rs 5.30 crore.

The proceeds from the fresh issue will be used for business expansion and general corporate purposes.

Capital Square Advisors is the book-running lead manager to the issue, while Bigshare Services is the registrar. CapitalSquare Financial Services is the market maker.

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