Anubhav Plast IPO booked 93% so far on first bidding day; check GMP, issue details, more

Anubhav Plast's initial public offering was subscribed 93 percent on day one of bidding, with the retail portion at 79 percent, non-institutional investors at 1.15 times, and qualified institutional buyers at 1.01 times. The IPO, priced between Rs 77 and Rs 80 per share, comprises a fresh issuance of 30 lakh equity shares aggregating to Rs 24 crore, and is scheduled to list on the BSE SME platform on 29 June. Grey market premium stood at zero, indicating the shares were trading flat at the issue price. The company manufactures ERW steel pipes and tubes, reporting FY25 revenue of Rs 98.31 crore and net profit of Rs 6 crore.