Anubhav Plast SME IPO Set to Launch: Manufacturing Player Targets ₹24 Crore for Expansion
Kanpur Manufacturer Prepares to Raise ₹24 Crore in Equity Offering
Kanpur-based Anubhav Plast Ltd is set to launch its Initial Public Offering (IPO) this Friday. The company aims to raise approximately Rs 24 crore through the SME platform. This offering is designed to fund significant expansion projects and establish new manufacturing units for the business.The IPO consists of a fresh issue comprising 30 lakh shares. It will be available for subscription until June 23 on the BSE SME exchange. Anubhav Plast has established a price band for the shares ranging from Rs 77 to Rs 80 per share.
Proceeds Allocation and Business Scope
Anubhav Plast is currently engaged in the manufacturing of ERW steel pipes and steel tubular poles. The company plans to utilize the proceeds from this offering for multiple strategic investments. This includes setting up a new manufacturing facility within its current premises.The expansion involves producing crash barriers and solar panel structures. Additionally, the funds will meet the working capital requirements of the company and cover general corporate purposes as deemed necessary.
Financial Performance Snapshot
Financial data shared by the company indicates solid performance in FY25. In that fiscal year, Anubhav Plast reported a revenue amounting to Rs 98.16 crore. The company also recorded a profit after tax of Rs 6 crore for FY25.The IPO is managed and facilitated by Capital Square Advisors Pvt Ltd. This offering provides investors with an opportunity to participate in the growth story of this specialized manufacturing entity.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.