Anand Seamless SME IPO GMP Today and Subject 2 Price
Anand Seamless SME IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Anand Seamless SME IPO is scheduled to open for subscription on September 22, 2026. The public issue aims to raise around ₹25.52 Cr. and is offered in a price band of ₹72 per share, with a market lot of 1600 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Anand Seamless SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 22 Sep, 2026 |
| Close Date | 24 Sep, 2026 |
| Allotment Date | 25 Sep, 2026 |
| Refund Date | 28 Sep, 2026 |
| Credit to Demat | 28 Sep, 2026 |
| Listing Date | 29 Sep, 2026 |
Anand Seamless SME IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹72 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 29 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Anand Seamless SME IPO GMP Reliable?
Grey market premium for Anand Seamless SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Anand Seamless SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Anand Seamless SME IPO IPO Kostak Rate Explained
The Kostak rate for Anand Seamless SME IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Anand Seamless SME IPO
Its range covers carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes and several types of finned tubes. Finned tubes carry small ridges along the outside to increase surface area, which helps transfer heat faster.
Its products are used in oil and gas, petrochemicals, power plants and general process industries. Its manufacturing facility is at Village Indrad on the Chhatral-Kadi Road in Mahesana district of Gujarat, and the money raised in this issue is going into expanding capacity, upgrading technology and reducing operating cost at that plant.
Strengths & Risks
Strengths
- ✓ Sales recovered strongly in FY2026, rising 67% from Rs 33.64 crore to Rs 56.17 crore.
- ✓ Profit more than doubled over the same year, from Rs 2.65 crore to Rs 5.48 crore.
- ✓ EBITDA improved from Rs 5.90 crore to Rs 10.22 crore, and the EBITDA margin of 16.09% is healthy for a steel products maker.
- ✓ The PAT margin of 9.31% is well above what commodity pipe makers earn, reflecting the more technical nature of seamless tube.
- ✓ Seamless tube is a harder product to make than welded pipe, which limits how many competitors can serve the same customers.
- ✓ Its products go into oil and gas, petrochemicals, power and process industries, so it is not tied to a single end market.
- ✓ The issue is priced at about 15.72 times earnings on an EPS of Rs 4.58.
- ✓ The whole issue is fresh capital going into capacity expansion, technology upgrade and cost reduction at its Mahesana plant.
Risks
- ⚠ The recovery is only one year old and the trend is choppy. Total income was Rs 37.00 crore in FY2024, fell to Rs 33.64 crore in FY2025 and then rose to Rs 56.17 crore in FY2026.
- ⚠ Debt is high. Total borrowing was Rs 28.21 crore against a net worth of Rs 19.52 crore, a debt to equity ratio of 1.38, and it has doubled in two years from Rs 14.21 crore.
- ⚠ Return on capital employed is only 11.65%, which shows how much capital the plant ties up relative to what it earns.
- ⚠ Demand depends on capital spending by oil and gas, petrochemical and power companies, which is lumpy and can pause for years at a time.
- ⚠ Steel input prices move sharply and cannot always be passed on where orders are already priced.
- ⚠ The whole business runs from one facility at Indrad in Mahesana, so there is single location risk.
- ⚠ This is a fixed price issue at Rs 72 per share, so there is no price discovery through bidding.
- ⚠ Promoter holding will come down from 100% to 70.39% after the issue.
- ⚠ This is an SME issue. One lot is 1,600 shares, which is Rs 1.15 lakh at the issue price, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Anand Seamless SME IPO
What is the GMP of Anand Seamless SME IPO?
The current Grey Market Premium (GMP) of Anand Seamless SME IPO is not yet started or active in the market.
What is the Kostak Price of Anand Seamless SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Anand Seamless SME IPO is currently not available.
What is the Subject to Sauda Price of Anand Seamless SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of Anand Seamless SME IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Anand Seamless SME IPO. Check back closer to the subscription date.
Is the GMP of Anand Seamless SME IPO increasing or decreasing?
The GMP of Anand Seamless SME IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Anand Seamless SME IPO Further
For a complete picture before making your investment decision, explore these resources:
