Anawil Wire and Engineering Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹270
Per ShareLot Size
400 Shares
Minimum Investment
₹1,08,000
Issue Size
₹177.81 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.99%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Anawil Wire and Engineering Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
89.35%
Promoter Holding (Post-Issue)
65.26%
Issue Type
Book Building - SME
ISIN
INE1J5V01013
About the Company
We are engaged in the business of manufacturing of windmill towers, with primary focus on the fabrication of towers from heavy and precision steel components customized to meet the specific requirements of client in the wind energy sector. These towers are generally fabricated as tubular steel structures consisting of multiple cylindrical sections. These sections are rolled from heavy steel plates, longitudinally and circumferentially welded, and joined through flanges and bolts during erection at the project site. The weight of an individual tower can vary significantly based on its height and design specifications.
Company History
Our Company was originally incorporated as a private limited company under the name "Anawil Wire and Engineering Private Limited" on January 02, 2021, under the provisions of the Companies Act, 2013, with the Registrar of Companies, Central Registration Centre, bearing CIN: U27320GJ2021PTC119254. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our shareholders at the Extraordinary General Meeting held on February 01, 2025 and consequently, the name of our Company was changed from `Anawil Wire And Engineering Private Limited' to `Anawil Wire And Engineering Limited' and a fresh certificate of incorporation reflecting the conversion to a public company was issued by the Registrar of Companies, Central Processing Centre, on March 11, 2025. Our Company's Corporate Identity Number is U27320GJ2021PLC119254.
Growth Strategy
- Expanding our manufacturing and production capacities.
- Reducing operating cost and improving operational efficiencies
- Focus on consistently meeting customer specifications and quality standards
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 65,85,600 equity shares of face value of Rs. 10 each (the "Equity Shares") of Anawil Wire And Engineering Limited ("the Company" or "AWEL" or "the Issuer") at an offer price of Rs. 270 per equity share for cash, aggregating Rs. 177.81 Crores ("Public Offer") comprising of a fresh issue of 52,84,800 equity shares aggregating to Rs. 142.69 Crores (the "Fresh Issue") and an offer for sale of 13,00,800 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating to Rs. 35.12 Crores comprising; 13,00,800 equity shares aggregating Rs. 35.12 Crores by Nimish Kumar Rameshchandra Vashi (refferd as "Promoter Selling Shareholder") out of which 3,31,200 equity shares of face value of Rs. 10 each, at an offer price of Rs. 270 per equity share for cash, aggregating Rs. 8.94 Crores was reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 62,54,400 equity shares of face value of Rs. 10 each, at an offer price of Rs. 270 per equity share for cash, aggregating Rs. 168.87 Crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 26.34% and 25.02% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 270 per equity share of face value Rs. 10/- each. The floor price (Rs.270) is 27.00 times of the face value of the equity shares. Bids can be made for a minimum of 800 equity shares and in multiples of 400 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- In-house manufacturing facility with a stringent quality control mechanism.
- Order Book.
- Strategically located manufacturing facility resulting in Operational Efficiency.
- Well-positioned to capture growth opportunities.
- The company has a limited operating history in its current line of business and the company's Promoters does not has prior significant experience in this industry segment.
- Majority of the company's revenue is dependent on single business segment i.e., Tower Division. An inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
- The company's business is subject to seasonal and cyclical variations that could result in fluctuations in the company's results of operations, financial condition and cash flows.
- The company's revenues is concentrated in certain regions of India, and adverse developments in these regions or its inability to expand into new geographic markets may adversely affect the company's business, results of operations, financial condition and cash flows.
- Substantial portion of the company's revenues has been dependent upon few customers, with which the company does not has any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.