Anawil Wire & Engineering IPO
Anawil Wire & Engineering IPO was a book-built SME issue of ₹177.81 crore, comprising a Fresh Issue of ₹142.69 crore and an Offer for Sale of ₹35.12 crore. The price band was ₹257 to ₹270 per share, with a lot size of 400 shares and a minimum application
Anawil Wire & Engineering IPO Details
Anawil Wire & Engineering IPO opened for subscription on August 3, 2026 and closed on August 5, 2026. The basis of allotment was finalized on August 6, refunds and Demat credit were scheduled for August 7, and the shares were listed on NSE SME on August 10, 2026. The final issue price was ₹270 per share and the shares opened at ₹329.65 on listing.
Anawil Wire & Engineering IPO GMP
The reported Anawil Wire & Engineering IPO GMP was approximately ₹78 on August 5, 2026, against the upper issue price of ₹270. This indicated an unofficial estimated price of around ₹348. GMP is unofficial grey-market information and does not guarantee the actual listing price.
Anawil Wire & Engineering IPO Timeline (Tentative)
Anawil Wire & Engineering IPO opened on August 3, 2026 and closed on August 5, 2026. The basis of allotment was finalized on August 6, followed by refunds and Demat credit on August 7. The shares were listed on the NSE SME platform on August 10, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Aug 3, 2026 |
| IPO Close Date | Wed, Aug 5, 2026 |
| Basis of Allotment | Thu, Aug 6, 2026 |
| Initiation of Refunds | Fri, Aug 7, 2026 |
| Credit of Shares to Demat | Fri, Aug 7, 2026 |
| Listing Date | Mon, Aug 10, 2026 |
| IPO Opens | August 3, 2026 |
| IPO Closes | August 5, 2026 |
| Basis of Allotment | August 6, 2026 |
| Refund Initiation | August 7, 2026 |
| Credit of Shares to Demat | August 7, 2026 |
| Listing Date | August 10, 2026 |
Anawil Wire & Engineering IPO Lot Size
The Anawil Wire & Engineering IPO lot size was 400 shares. However, the minimum application for retail investors was 2 lots, or 800 shares. At the upper price band of ₹270, the minimum retail investment was ₹2,16,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 800 | 2,16,000 |
| Retail (Max) | 2 | 800 | 2,16,000 |
| S-HNI (Min) | 3 | 1,200 | 3,24,000 |
| S-HNI (Max) | 9 | 3,600 | 9,72,000 |
| B-HNI (Min) | 10 | 3,600 | 10,80,000 |
Anawil Wire & Engineering IPO Reservation
The public issue included allocations for Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors, along with an anchor investor portion and market-maker reservation. The reported QIB, NII and retail portions were approximately 18.99%, 14.25% and 33.25% respectively.
Anawil Wire & Engineering IPO Subscription
Anawil Wire & Engineering IPO received strong demand across investor categories. The issue was subscribed approximately 99.21 times overall. QIBs subscribed 65.84 times, NIIs 233.72 times and retail investors 104.22 times.
| Category | Subscription (times) |
|---|---|
| QIB | 65.84x |
| NII | 233.72x |
| RII | 104.22x |
| Total | 99.21x |
About Anawil Wire & Engineering
Anawil Wire & Engineering Limited was incorporated in January 2021 and is engaged in manufacturing windmill towers for the wind energy sector. The company specialises in fabricating heavy and precision steel components that are customised according to the requirements of its customers.
The company manufactures tubular steel wind turbine towers and related fabricated structures. Its manufacturing capabilities are focused on the requirements of wind turbine manufacturers and renewable-energy companies.
Anawil operates manufacturing facilities in Koppal, Karnataka and Kutch, Gujarat. The company expanded its manufacturing footprint with the commencement of its Kutch facility in 2026.
The business is positioned within India's renewable-energy and wind-power infrastructure ecosystem. Its operations involve steel fabrication, welding, testing and quality-control processes for windmill tower components.
Strengths
- Focused manufacturing capabilities in the wind energy sector.
- Experience in fabrication of heavy and precision steel components.
- Manufacturing facilities in Karnataka and Gujarat.
- Ability to produce customised wind turbine tower components.
- Exposure to India's expanding renewable-energy infrastructure.
- Experience serving customers in the wind energy value chain.
- Expansion of manufacturing capacity through the Kutch facility.
- Experienced promoter and management team.
Risks to Consider
- The company has a relatively limited operating history in its current line of business.
- Its business is exposed to fluctuations in demand from the wind energy industry.
- Revenue can be affected by changes in renewable-energy project activity and customer orders.
- The company is dependent on the timely execution of manufacturing and supply commitments.
- Steel and other raw-material price fluctuations can affect production costs and margins.
- The business requires substantial working capital for operations.
- Delays in customer payments can affect liquidity and cash flows.
- The company operates in a competitive heavy-fabrication and wind-energy equipment market.
- Manufacturing operations are subject to operational, safety and quality-control risks.
- Changes in renewable-energy policies and industry conditions may influence future demand.
Anawil Wire & Engineering Financials (₹ Cr)
Anawil Wire & Engineering reported strong growth in revenue and profitability between FY2024 and FY2026. Revenue from operations increased from ₹54.08 crore in FY2024 to ₹143.27 crore in FY2026, while profit after tax increased from ₹4.39 crore to ₹36.63 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 54.08 | 4.39 | 89.64 | 27.77 |
| FY2025 | 79.40 | 12.31 | 114.42 | 40.08 |
| FY2026 | 143.27 | 36.63 | 291.62 | 89.51 |
KPIs & Valuation
At the upper issue price of ₹270, Anawil Wire & Engineering had pre-IPO EPS of ₹18.58 and post-IPO EPS of ₹14.65. The corresponding P/E ratios were 14.53x and 18.43x. FY2026 RoNW was 40.92%, while ROCE was 23.05%.
Objects of the Issue
The principal object of the Fresh Issue is to strengthen the company's financial position by repaying or pre-paying certain borrowings. The remaining proceeds are proposed to be used for general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Repayment and/or pre-payment, in full or part, of borrowings availed by the company – ₹115.00 crore.
- General corporate purposes – balance amount, subject to the terms of the offer document.
Promoters, Lead Managers & Registrar
Anawil Wire & Engineering Limited is promoted by Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai and Bijal Nimesh Vashi. Hem Securities Limited acted as the Book Running Lead Manager, while Bigshare Services Private Limited acted as the Registrar to the Issue. Hem Finlease Private Limited acted as the Market Maker.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | +91 22 6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://www.bigshareonline.com/ |
Anawil Wire & Engineering IPO Review
Anawil Wire & Engineering recorded revenue from operations of ₹54.08 crore in FY2024, ₹79.40 crore in FY2025 and ₹143.27 crore in FY2026. Profit after tax increased from ₹4.39 crore in FY2024 to ₹12.31 crore in FY2025 and ₹36.63 crore in FY2026.
The company's net worth increased from ₹27.77 crore in FY2024 to ₹40.08 crore in FY2025 and ₹89.51 crore in FY2026. Total assets increased to ₹291.62 crore as of March 31, 2026.
Anawil has a specialised business model focused on windmill tower manufacturing and heavy steel fabrication. The company's manufacturing presence in Karnataka and Gujarat provides access to important industrial and renewable-energy markets.
The IPO included both a Fresh Issue and an Offer for Sale. The Fresh Issue was primarily intended for repayment or pre-payment of borrowings, while the Offer for Sale involved shares offered by promoter selling shareholder Nimish Kumar Rameshchandra Vashi.
At the upper issue price of ₹270, the reported pre-IPO EPS was ₹18.58 and post-IPO EPS was ₹14.65. The corresponding P/E ratios were approximately 14.53x and 18.43x respectively.
The company reported FY2026 RoNW of 40.92%, ROCE of 23.05% and debt-to-equity of 1.43x. These figures should be considered alongside the company's dependence on the wind-energy sector, raw-material costs and working-capital requirements.
How to Apply
Anawil Wire & Engineering IPO applications could be made through the applicable ASBA and UPI-supported IPO application process. The minimum retail application was 800 shares, requiring ₹2,16,000 at the upper price band of ₹270.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Anawil Wire & Engineering IPO.
- Enter the required number of lots.
- Select the applicable bid price or Cut-off option where permitted.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI application after receiving the mandate request.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account until the allotment process is completed.
Prospectus & Documents
Investors can refer to the company's official disclosures and the IPO offer documents for information concerning its business, financial statements, risk factors, objects of the issue, capital structure and statutory disclosures. The NSE-hosted offer document provides the detailed disclosures relating to the public issue.
Last updated Sep 1, 2026.