Anand Seamless IPO
Anand Seamless IPO is an SME IPO raising ₹26 Cr at a fixed price of ₹72 a share. It listed on 29 Sept 2026 at ₹72, +0.1% against its issue price of ₹72, and trades at ₹65 today (−10.2% since issue). It was subscribed 1.51× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
The numbers at a glance
The price they’re asking →derived: cut-off price Rs72 / stated EPS Rs3.15 (FY25 (March 31, 2025), Basic & Diluted, restated). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (Restated standalone). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| Six months ended Sep 30, 2025 | ₹14 Cr | ₹3 Cr | 24.8% | ₹17 Cr | ₹23 Cr |
| FY2024-25 | ₹30 Cr | ₹3 Cr | 9.6% | ₹14 Cr | ₹21 Cr |
| FY2023-24 | ₹32 Cr | ₹3 Cr | 8.8% | ₹11 Cr | ₹14 Cr |
| FY2022-23 | ₹26 Cr | ₹3 Cr | 10.2% | ₹8 Cr | ₹13 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
185 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What could go wrong
All 12 risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
What happens when
Next: the UPI mandate expires on 5 Nov 2026.
What to watch
- Priced at 22.9× earnings — 16% above the median of the peers the issuer itself names.
- The register's top risk: Extreme top-10 customer concentration (71.71% of revenue) (prospectus page 39).
- Its cohort's record: median −2.7% since issue price, 51.9% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track Anand Seamless Limited
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.