Gujarat based aluminium extrusion products manufacturer ANB Metal Cast is set to launch its initial public offering (IPO) on August 8, marking the ninth SME IPO this week. The IPO will open in the price range of INR 148–INR 156 per share and close on August 12, while the anchor book for institutional investors opens on August 7.
Shares will be listed on NSE Emerge from August 18, with the IPO allotment date set for August 13.
The company aims to raise INR 49.92 crore through a fresh issue of 32 lakh equity shares at the upper price band. Sun Capital Advisory Services is acting as the merchant banker for the issue.
IPO funds to boost capacity and capabilities
Proceeds from the IPO will primarily support the company’s manufacturing expansion, with INR 13.7 crore allocated to construct an additional floor and install new machinery at its Rajkot-based facility. Another INR 21.5 crore will be directed toward long-term working capital, while the remaining amount will fund general corporate purposes.
Founded as a private company and converted to public in 2024, ANB Metal Cast has quickly gained attention for its precision manufacturing of aluminium extrusion products such as motor bodies, round bars, solar profiles, railings, and sliding windows. It serves a wide array of industries including automotive, solar, architecture, electronics, and mechanical.
The company also offers CNC & VMC machining, assembly, and finishing services, delivering turnkey solutions to clients with stringent quality demands.
