ANB Metal Cast IPO

ANB Metal Cast Ltd

₹1,18,400 /800 sharesMinimum Investment

ANB Metal Cast IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹156.00₹164.00₹8.00 (5.13%)

ANB Metal Cast IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Aug ‘25 - 12 Aug ‘25₹2,36,800800₹148 - ₹156
Issue SizeIPO Doc
49.92Cr
RHP PDF

Subscription rate

As of 12 Aug'25, 04:01 PM
Qualified Institutional Buyers1.04x
Non-Institutional Investor2.05x
Retail Individual Investor2.13x
Total1.64x

About ANB Metal Cast

ANB Metal Cast is a manufacturer of aluminium extrusion products such as motor bodies, structural profiles, round bars, solar profiles, railings, and sliding window components. These products are supplied to different industries like electronics, automotive, mechanical, solar energy, and architecture. The company’s product range includes hardware items, architectural and railing solutions, engineering components, kitchen profiles, and aluminium extrusions like channels, sections, flat bars, and tubes. These items are offered in different profiles, finishes, tolerances, and tempers, and can be customised according to client requirements. The company’s manufacturing facility is based in Rajkot, Gujarat. The facility’s primary objective is the production of aluminium extrusions and non-ferrous metal alloys.;
Founded in
2019
Managing director
Mr. Avnishkumar Dhirajlal Gajera
Parent organisation
ANB Metal Cast Ltd

Strengths & Financials of ANB Metal Cast

Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems and ISO 45001:2018 certified for occupational health and safety management systems.
The company claims that it has built long-term relationships with most of its key suppliers. The company states that these strong ties help ensure consistent access to good-quality metal scrap for production.
The company claims to operate an in-house quality control lab, where both pre-production and post-production inspections are carried out. The company states that this process helps maintain standards related to durability, accuracy, and overall product quality.
The company claims to regularly review its raw material sourcing and project execution processes to identify inefficiencies.
Over the past few years, the company observed a consistent growth in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 84.27 crore in FY23 to Rs 112.12 crore in FY24 to Rs 162.57 crore in FY25. PAT increased from Rs 1.85 crore in FY23 to Rs 5.34 crore in FY24 and Rs 10.25 crore in FY25.
The company’s top 5 customers accounted for 72.93 percent of the company’s total revenue in FY25, 70.93 percent in FY24 and 56.44 percent in FY23. Furthermore, the top customer alone accounted for 19.88 percent of the company’s total revenue in FY25, 18.14 percent in FY24 and 15.54 percent in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect ANB’s business and financial standing.
The top 5 suppliers accounted for 91.02 percent of the company’s total purchases in FY25, 78.02 percent in FY24 and 59.64 percent in FY23. The top supplier alone accounted for 37.13 percent of the company’s total purchases in FY25, 20.58 percent in FY24 and 13.92 percent in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company derives a significant portion of its revenue from aluminium extrusion products used in sectors like engineering, automotive, electronics, electrical, and solar. Any decline in the demand or sales of these products could hit the company’s financial performance and operations.
The cost of raw materials, including inventory changes, accounted for 86.15 percent of the company’s revenue in FY25, 87.12 percent in FY24 and 92.77 percent in FY23. Any increase in raw material prices, supply chain disruptions, import restrictions, or supplier failures could adversely affect the company’s business operations.
The company carries out all manufacturing activities in Rajkot, Gujarat. Any adverse political, economic or social developments in this particular region could negatively impact the company’s operations and finances.
The company reported negative cash flows from operating activities amounting to Rs 7.30 crore in FY24 and Rs 6.40 crore in FY23. Additionally, the company reported negative cash flows from investing activities amounting to Rs 1.68 crore in FY25, Rs 7.42 crore in FY24 and Rs 6.18 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
As of FY25, the company reported a high total debt-to-equity ratio of 1.01. Any inability to lower the ratio could adversely affect the company’s financial health.
The company has observed a sharp increase in its trade receivables. It increased to Rs 35.97 crore in FY25 from Rs 24.86 crore in FY24. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of June 30, 2025, the company has total indebtedness amounting to Rs 30.98 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

ANB Metal Cast Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of ANB Metal Cast IPO

Apply asPrice bandApply Range
Regular148 - 156₹2 - 5 Lakh
High Networth Individual148 - 156₹2 - 5 Lakh
For ANB Metal Cast IPO, eligible investors can apply as Regular.