Anubhav Plast IPO GMP: Company Analysis

Anubhav Plast Limited is coming up with its SME IPO worth ₹24 crore through a book-built issue. Despite its name, the company is engaged in the manufacturing of swaged steel tubular poles and electric resistance welded (ERW) steel pipes and tubes. The company markets its products under the "ANUBHAV" brand and caters to various industries, including electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, fabrication, and general engineering.

With a diversified product portfolio and a growing customer base, the company has established itself as a reliable player in the steel infrastructure segment. Investors looking for SME IPO opportunities may keep an eye on the Anubhav Plast IPO GMP, which indicates current grey market sentiment.

Anubhav Plast IPO Details

The Anubhav Plast IPO will open for subscription on June 19, 2026, and close on June 23, 2026. The allotment is expected to be finalized on June 24, while refunds are likely to be initiated on June 25. Shares are expected to be listed on the BSE SME platform on June 29, 2026.

The IPO consists entirely of a fresh issue of around 30 lakh shares, aggregating to approximately ₹24 crore. The price band has been fixed at ₹77 to ₹80 per share.

Financial Performance

Anubhav Plast Limited has shown steady growth in its financial performance over the last three years. For FY2025, the company reported revenue of ₹98.31 crore, compared to ₹87.41 crore in FY2024. Profit after tax increased significantly to ₹6 crore from ₹2.08 crore a year earlier, demonstrating improved profitability and operational efficiency.

The company's net worth stood at ₹15.55 crore in FY2025, while total assets increased to ₹55.50 crore. EBITDA also improved substantially to ₹12.18 crore, indicating better earnings generation. However, borrowings remain relatively high at ₹32.64 crore, which investors should monitor closely.

Objectives of the Issue

The company plans to utilize the proceeds from the IPO primarily to support future growth. A portion of the funds will be used to establish a new manufacturing facility for producing crash barriers and solar panel structures within its existing premises. The company also intends to allocate a significant amount toward meeting its working capital requirements and for general corporate purposes.

These investments are expected to strengthen the company's manufacturing capabilities and support its expansion plans.

Valuation and Key Ratios

Anubhav Plast has delivered strong return ratios, with Return on Equity (ROE) and Return on Net Worth (RoNW) standing at 47.78%. Return on Capital Employed (ROCE) is also impressive at 62.25%, reflecting efficient utilization of capital.

Based on FY2025 earnings per share of ₹7.50, the IPO is priced at a P/E ratio of around 10.66 times, which appears reasonable compared to some industry peers. However, the company's debt-to-equity ratio of 2.10 indicates a relatively leveraged balance sheet.

Strengths of Anubhav Plast Limited

One of the major strengths of the company is its strategically located manufacturing facilities, which help in achieving operational efficiencies and timely execution of projects. The company has built infrastructure capable of catering to project-based demand and offers a diversified range of high-quality products with customization capabilities.

Its presence across multiple sectors, including power transmission, telecom infrastructure, and construction, reduces dependence on any single segment and provides growth opportunities.

Risks and Weaknesses

Like many manufacturing businesses, Anubhav Plast is capital-intensive and requires continuous investment in facilities and machinery. The company is also vulnerable to fluctuations in raw material prices, particularly steel, which can impact profitability.

Another challenge is the need to adopt advanced technologies to remain competitive in the industry. High debt levels could also affect future earnings if interest costs increase.

Anubhav Plast IPO GMP

According to market sources, Anubhav Plast IPO GMP today is ₹0 as of June 17, 2026. A zero grey market premium suggests neutral sentiment among investors at present. However, GMP figures change frequently and should not be considered the sole factor while evaluating an IPO.

Investors should focus more on the company's financial performance, growth prospects, valuation, and risks before making an investment decision.

Lot Size and Investment Details

Retail investors can apply for a minimum of two lots, comprising 3,200 shares, requiring an investment of ₹2,56,000. High Net-Worth Individuals (HNIs) need to apply for a minimum of three lots or 4,800 shares, amounting to ₹3,84,000.

The registrar for the issue is Bigshare Services Pvt. Ltd., and the shares will be listed on the BSE SME platform.

Final Review

The company has delivered strong earnings growth and healthy return ratios, supported by a diversified product portfolio and expansion plans. The upcoming manufacturing facility for crash barriers and solar structures could provide additional growth opportunities in the future.

However, investors should also consider risks associated with high debt levels, raw material price volatility, and capital-intensive operations. At the current valuation, the IPO appears reasonably priced, but long-term performance will depend on execution and industry demand.

Overall, Anubhav Plast IPO GMP and the company's financial performance suggest a balanced opportunity for investors with a higher risk appetite, especially those looking to participate in the SME segment.

Disclaimer

This article is for informational and educational purposes only and should not be construed as investment advice. Investors are advised to read the Red Herring Prospectus (RHP) carefully and consult their financial advisors before investing in the IPO.