ANB Metal Cast Limited is launching an IPO with a total offering of 32,00,000 equity shares, each with a face value of ₹10. This includes a fresh issue of 30,00,000 equity shares of face value ₹10/- each, and 2,00,000 equity shares of face value ₹10/- each are reserved for Market Maker (Pure Broking Private Limited). The company plans to use the funds raised to fund the capital expenditure for expansion of existing manufacturing facilities through construction of an additional floor and installation of new machinery, partially meet long-term working capital requirements, and support general corporate purposes.

ANB Metal Cast Ltd IPO – Important Dates

ANB Metal Cast Ltd IPO Date	August 8, 2025, to August 12, 2025.
ANB Metal Cast Ltd IPO Listing Date	August 18, 2025
ANB Metal Cast Ltd IPO Price	INR 148-156 per share
ANB Metal Cast Ltd IPO Lot Size	800 Shares
ANB Metal Cast Ltd IPO Total Issue Size	32,00,000 shares
ANB Metal Cast Ltd IPO Basis of Allotment	August 13, 2025
ANB Metal Cast Ltd IPO Initiation of Refunds	August 14, 2025
ANB Metal Cast Ltd IPO Credit of Shares to Demat	August 14, 2025
ANB Metal Cast Ltd IPO Issue Type	Bookbuilding IPO
ANB Metal Cast Ltd IPO Listing At	NSE SME

ANB Metal Cast Ltd IPO – Company Profile

ANB Metal Cast Ltd, incorporated in 2019, is a manufacturer of high-quality aluminium extrusion products such as motor bodies, solar profiles, round bars, railings, sliding windows, kitchen profiles, and architectural hardware. These products serve diverse sectors, including electronics, automotive, solar energy, engineering, and construction. The company operates from a 50,000 sq. ft. facility in Rajkot, Gujarat, providing it with strategic access to major industrial regions.

The company emphasizes stringent quality control and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. It maintains an in-house die library to offer customized solutions, enabling it to meet specific customer needs and enhance its competitive positioning in the market.

With a diverse and customizable product mix, ANB benefits from strong supplier relationships for raw material sourcing and a presence across multiple Indian states, including Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, and Tamil Nadu. Its streamlined operations and emphasis on quality and flexibility support efficient production and responsiveness to evolving market demands.

ANB Metal Cast Ltd IPO Fundamental Analysis

ANB Metal Cast Limited’s financial analysis reveals a growing performance. Revenue has increased, along with an increase in profitability. There is an increase in the EPS, and a decline in RoNW, along with asset growth and rising liabilities, indicating potential operational efficiency.

• Revenue Trend: The revenue has increased from ₹11,212.05 lakhs in March 2024 to ₹16,256.86 lakhs in March 2025.
• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹533.63 lakhs in March 2024 to ₹1,024.71 lakhs in March 2025. 
• Earnings per Share (EPS): The basic EPS has increased from ₹7.12 in March 2024 to ₹12.66 in March 2025, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has decreased from 66.52% to 45.91%, indicating a decline in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting business expansion. Also, the current ratio has increased, indicating an increase in the ability to meet short-term obligations compared to the previous year.

ANB Metal Cast Ltd IPO Financial Analysis

Particular	As of 31 March 2023	As of 31 March 2024	As of 31 March 2025
Revenue From Operations (₹ in lakhs)	8,427.46	11,212.05	16,256.86
Total Income (₹ in lakhs)	8,427.56	11,215.41	16,263.57
EBITDA (₹in lakhs)	314.76	1070.76	1,747.44
EBITDA Margin (%)	3.73%	9.55%	10.74%
Profit After Tax (₹ in lakhs)	184.63	533.63	1,024.71
Earnings per Share (EPS)	4.06	7.12	12.66
Return on Net Worth (%)	61.81%	66.52%	45.91%
Return on Capital Employed (%)	13.86%	22.47%	24.13%
Debt-Equity Ratio	2.95	3.20	1.01
Current Ratio	1.19	1.29	1.48

ANB Metal Cast Ltd IPO Peer Comparison

ANB Metal Limited displays strong profitability, marked by the highest return on net worth and solid earnings per share when compared to its peers. Banco Products (India) Limited stands out with the highest earnings per share and asset value, reflecting a strong financial position. Maan Aluminum Limited shows moderate performance, with a high price-to-earnings ratio but lower efficiency in generating shareholder returns.

Name of the Company	Standalone/ Consolidated	Revenue from Operation (₹ in Lakh)	Face Value (₹)	P/E Ratio	EPS (₹)	RoNW (%)	NAV per Equity Share (₹)
ANB Metal Limited	Standalone	16,256.86	10	–	12.66	45.91%	41.97
Maan Aluminum Limited	Standalone	81,550	5	42.51	2.87	8.7%	32.99
Banco Products (India) Limited	Consolidated	3,18,724	2	23.97	27.39	30.01%	91.08

ANB Metal Cast Ltd IPO Objective

The main objective of ANB Metal Cast Ltd is to utilise the Net Proceeds from the Issue to fund the capital expenditure for expansion of existing manufacturing facilities through construction of an additional floor and installation of new machinery, partially meet long-term working capital requirements, and support general corporate purposes.

1. To fund the capital expenditure for the proposed expansion of the company’s existing manufacturing facilities through the construction of an additional floor and installation of new plant and machinery: The Company intends to utilize ₹1,370.01 lakh from the net proceeds to expand its existing manufacturing facility at Pipliya Village, Rajkot, Gujarat. The proposed expansion involves constructing a 25,000 sq. ft. first floor on the existing factory and installing additional plant and machinery, including aluminum melting and homogenizing furnaces. This will enhance production capacity, enabling the manufacture of aluminum billets up to 200 mm in diameter. The land is company-owned, clear of encumbrances, and all required approvals have been obtained.
   
2. To partially fund the company’s long-term working capital requirements: The Company plans to utilize ₹2,150.00 lakh from the Net Proceeds to meet its long-term working capital requirements in FY 2026 and 2027. This is expected to support higher sales and improved profitability as per the business plan. As of June 30, 2025, the Company had sanctioned working capital limits of ₹2,600 lakh, with ₹2,508.73 lakh utilized.

3. To meet general corporate requirements: The Company proposes to deploy the balance proceeds towards general corporate purposes as approved by its management from time to time, subject to such utilisation not exceeding 15% of the gross proceeds of the Issue or Rs. 10.00 Cr, whichever is less, in compliance with the SEBI ICDR Regulations.

ANB Metal Cast Ltd IPO Risks And Challenges

ANB Metal Cast Ltd faces key risks such as dependence on a limited number of customers, high reliance on aluminum extrusion products, exposure to raw material price and supply volatility, and geographic concentration of operations.

• A major portion of revenue comes from key customers; loss or reduced demand from them may negatively impact business performance.

• Revenue heavily relies on aluminum extrusion products; reduced demand in key sectors like engineering, automotive, and solar may affect financial results.

• Volatility in raw material prices, supply disruptions, or import restrictions could impact operations and profitability.

• Operations are concentrated in Rajkot, Gujarat, making them vulnerable to regional risks like political unrest, weather events, or natural disasters.

ANB Metal Cast Ltd IPO – Industry & Market Potential

India’s aluminium extrusion market is expected to grow from USD 1.3 billion in 2019 to USD 2.5 billion by 2027 (CAGR ~8.3%), driven by demand from infrastructure, automotive, electronics, solar, and engineering sectors. ANB Metal Cast Ltd, with its diverse product portfolio and sectoral alignment, is well-positioned to capitalize on this growth.

With rising demand for customized, precision-engineered aluminium solutions, ANB is well-equipped to meet market needs through its growing die library and flexible manufacturing. Its ability to deliver tailored profiles sets it apart from commodity players. The company’s focus on lightweight, sustainable materials, especially for automotive and renewable sectors, aligns with evolving environmental and efficiency standards.

Located in Rajkot, Gujarat, ANB benefits from logistical advantages and access to key clients in a high-demand region. Its alignment with initiatives like “Make in India,” renewable energy, smart cities, and EV adoption positions the company to capitalize on policy-driven growth opportunities.

ANB Metal Cast Ltd IPO – Type of Offer

ANB Metal Cast Limited plans to issue 32,00,000 equity shares of face value ₹10/- each, which includes fresh issue of 30,00,000 equity shares of face value ₹10/- each, and 2,00,000 equity shares of face value ₹10/- each are reserved for Market Maker (Pure Broking Private Limited) to fund the capital expenditure for expansion of existing manufacturing facilities through construction of an additional floor and installation of new machinery, partially meet long-term working capital requirements, and support general corporate purposes. 

1. Fresh Issue: The company will issue 30,00,000 new shares of face value ₹10/- each new share to raise capital. The company intends to utilise the proceeds from the fresh issue to fund the capital expenditure for expansion of existing manufacturing facilities through construction of an additional floor and installation of new machinery, partially meet long-term working capital requirements, and support general corporate purposes.

2. Reserved for Market Maker: The company has reserved 2,00,000 shares of face value ₹10/- each for Pure Broking Private Limited (Market Maker).

ANB Metal Cast Ltd IPO Offer Size

The offer size of ANB Metal Limited IPO is 32,00,000 equity shares, each with a face value of ₹10. This includes a fresh issue of 30,00,000 shares, and 2,00,000 shares are reserved for Market Maker (Pure Broking Private Limited). The company plans to utilise the Net Proceeds to finance the expansion of existing manufacturing facilities by constructing an additional floor and installing new machinery, partially address long-term working capital needs, and cater to general corporate purposes.

ANB Metal Cast Ltd IPO Allotment Structure

ANB Metal Cast Ltd allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs. 

How to apply for the ANB Metal Cast Ltd IPO?

To apply for the ANB Metal Cast Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the ANB Metal Cast Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

You can apply for the ANB Metal Cast Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check ANB Metal Cast Ltd IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the ANB Metal Cast IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the ANB Metal Cast Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the ANB Metal Cast Limited IPO:

● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the ANB Metal Cast IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

ANB Metal Cast Ltd IPO Offer Registrar

The registrar for the ANB Metal Cast Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

KFin Technologies Limited.

Email: [email protected]
Tel. No: +91 40 6716 2222

ANB Metal Cast Ltd IPO – FAQs

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.