Latest news with #ANBMetalCast
Mint
3 days ago
- Business
- Mint
ANB Metal Cast IPO Day 1: GMP, subscription status, price band, other details of NSE SME IPO
ANB Metal Cast IPO: The initial public offering (IPO) of ANB Metal Cast opened for subscription on Friday, August 8, and will remain open until Tuesday, August 12. The ₹ 49.92 crore SME IPO is a fresh issue of 32 lakh shares. The company intends to use the net proceeds to fund capital expenditure requirements and for general corporate purposes. By 10:30 AM on Friday, the first day of subscription, the issue had seen an overall subscription of 0.05 times, with the retail segment booked 0.04 times. The segments reserved for NIIs were booked 0.24 times, and the QIB segment had not seen any subscription until then. 1. ANB Metal Cast IPO GMP: According to market sources, the latest grey market premium (GMP) of ANB Metal Cast shares was nil. The latest GMP indicates the stock could be listed at par with the issue price. 2. ANB Metal Cast IPO date: The SME IPO opened for subscription on Friday, August 8, and will remain open until Tuesday, August 12. 3. ANB Metal Cast IPO price: The price band of the public issue has been fixed at ₹ 148 to ₹ 156 per equity share. 4. ANB Metal Cast IPO size: The company plans to raise ₹ 49.92 crore from this issue, which it will use to fund capital expenditures for the proposed expansion of existing manufacturing facilities, part-fund long-term working capital requirements, and for general corporate purposes. 5. ANB Metal Cast IPO lot size: Retail investors can bid for a minimum and maximum of 1,600 shares for ₹ 2,49,600. 6. ANB Metal Cast IPO reservation: Some 35 per cent of the net issue is reserved for retail investors, while 50 per cent is reserved for QIBs. The remaining 15 per cent is reserved for NIIs. 7. ANB Metal Cast IPO allotment date: The company is expected to finalise the share allotment on Wednesday, August 13. Successful bidders can expect shares of the company in their demat accounts on Thursday, August 14, and bidders who fail to get the allocation may get a refund on the same day. 8. ANB Metal Cast IPO book-running lead manager and registrar: According to the issue's Red Herring Prospectus (RHP), Sun Capital Advisory Services (P) Ltd is the book-running lead manager, while KFin Technologies Limited is the registrar. 9. ANB Metal Cast IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the NSE SME on Monday, August 18. 10. ANB Metal Cast IPO business overview: According to the company's RHP, it specialises in manufacturing a wide range of aluminium extrusion products, including motor bodies, various profiles, round bars, solar profiles, railings, and sliding windows. "Our products cater to a diverse array of industries, such as electronics, automotive, mechanical, solar, and architectural sectors," says the RHP. The company's revenue from operations was ₹ 84.27 crore in FY23, rising to ₹ 112.12 crore in FY24 and ₹ 162.57 crore in FY25. Profit stood at ₹ 1.85 crore in FY23, rising to ₹ 5.34 crore in FY24 and to ₹ 10.25 crore in FY25. Read all IPO-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Economic Times
3 days ago
- Business
- Economic Times
ANB Metal Cast IPO opens today. Check all details before subscription
ANB Metal Cast, an aluminum products manufacturer based in Rajkot, is set to launch its IPO on August 8. ANB Metal Cast, a Rajkot-based aluminum products manufacturer, is launching its IPO on August 8 to raise ₹49.92 crore through a fresh issue of equity shares. With the IPO closing on August 12 and listing expected on August 18 on NSE SME, the price band is set between ₹148 and ₹156 per share. Tired of too many ads? Remove Ads Company Overview Tired of too many ads? Remove Ads Financials Rajkot-based aluminum products maker ANB Metal Cast will open its IPO for public subscription on August 8, aiming to raise Rs 49.92 crore through a completely fresh issue of 32 lakh equity shares. The issue will close on August 12 with allotment likely on August 13 and listing scheduled on August 18 on the NSE SME price band is fixed at Rs 148 to Rs 156 per share, and the GMP (grey market premium) is currently at 0%, indicating a flat listing expectation as of now. Investors can bid for a minimum of 1,600 shares (2 lots).The issue is managed by Sun Capital Advisory Services, with Kfin Technologies acting as the registrar. Pure Broking is the market maker for the Metal Cast is engaged in the manufacturing of aluminum extrusions including motor bodies, solar profiles, railings, and sliding windows. It caters to electronics, automotive, architectural, mechanical, and solar company markets its products across key Indian states such as Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, and Tamil Nadu. Its competitive strengths include a diverse product portfolio, customization capability, and strict quality control company posted a 45% YoY revenue growth to Rs 162.64 crore in FY25, while profit after tax surged 92% to Rs 10.25 IPO proceeds will be used for expansion of its manufacturing facilities, long-term working capital needs and general corporate purposes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
ANB Metal Cast IPO opens today. Check all details before subscription
Company Overview Live Events Financials (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Rajkot-based aluminum products maker ANB Metal Cast will open its IPO for public subscription on August 8, aiming to raise Rs 49.92 crore through a completely fresh issue of 32 lakh equity shares. The issue will close on August 12 with allotment likely on August 13 and listing scheduled on August 18 on the NSE SME price band is fixed at Rs 148 to Rs 156 per share, and the GMP (grey market premium) is currently at 0%, indicating a flat listing expectation as of now. Investors can bid for a minimum of 1,600 shares (2 lots).The issue is managed by Sun Capital Advisory Services, with Kfin Technologies acting as the registrar. Pure Broking is the market maker for the Metal Cast is engaged in the manufacturing of aluminum extrusions including motor bodies, solar profiles, railings, and sliding windows. It caters to electronics, automotive, architectural, mechanical, and solar company markets its products across key Indian states such as Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, and Tamil Nadu. Its competitive strengths include a diverse product portfolio, customization capability, and strict quality control company posted a 45% YoY revenue growth to Rs 162.64 crore in FY25, while profit after tax surged 92% to Rs 10.25 IPO proceeds will be used for expansion of its manufacturing facilities, long-term working capital needs and general corporate purposes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
