ANB Metal Cast IPO opens August 8, eyes INR 49.9 crore for growth and expansion

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.

Also read: ANB Metal Cast joins forces with AL Biz, unleashing a new chapter in the aluminium downstream products market

Strong financials and market positioning

ANB Metal Cast has demonstrated strong growth momentum. For FY2025, it reported a net profit of INR 10.2 crore, marking a 92 per cent increase over the previous year. Revenue also rose sharply by 45 per cent, reaching INR 162.6 crore.

The company competes with listed peers such as Maan Aluminium and Banco Products, but seeks to differentiate itself through its diversified sector focus, high product quality, and strategic expansion plans aligned with India’s infrastructure and renewable energy initiatives.

Also, another Gujarat-based aluminium casting firm, Swastika Castal launched its IPO on July 21.

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