Anubhav Plast's initial public offering (IPO) has garnered significant interest, with the non-institutional investor (NII) portion being subscribed 2.49 times and the qualified institutional buyer (QIB) segment receiving 1.23 times bids. The company had previously secured Rs 6.78 crore from anchor investors prior to the public issue.
Anubhav Plast, a manufacturer of Electric Resistance Welding (ERW) steel pipes and tubes, operates two facilities in Kanpur Dehat, Uttar Pradesh. The company markets its products under the "ANUBHAV" brand and has an annual installed capacity of 90,000 metric tonnes for ERW steel pipes and tubes, along with 1.5 lakh swaged steel tubular poles.
Financially, Anubhav Plast reported a revenue of Rs 98.31 crore and a net profit of Rs 6 crore in FY25, showing growth from Rs 87.41 crore in revenue and Rs 2.08 crore in profit in FY24. For the nine months ending December 2025, the company posted a total income of Rs 80.6 crore and a profit after tax of Rs 5.3 crore.
The proceeds from the IPO will be utilized to establish a new manufacturing facility for crash barriers and solar panel structures, meet working capital requirements, and for general corporate purposes.
Anubhav Plast's focus on government tender-based projects across multiple states positions it strategically in the infrastructure sector. The company's growth trajectory and expansion plans underscore its commitment to enhancing production capabilities.
Background
Anubhav Plast's IPO comes at a time when the infrastructure sector is witnessing robust growth, driven by government initiatives and increased investment in public projects. The company's strategic positioning in government tender-based projects is expected to bolster its market presence.
As Anubhav Plast makes its market debut, investors will be keenly observing its performance and the impact of its expansion plans on future financial results.
