Aluminium extrusion products maker ANB Metal Cast's IPO to hit Dalal Street on August 8

ANB Metal Cast IPO

Gujarat-based aluminium extrusion products maker ANB Metal Cast will be the ninth maiden public issue from the SME segment this week, opening on August 8, with price band of Rs 148-156 per share.

The anchor book for institutional investors will be launched on August 7. The initial share sale for all investors will close on August 12. The IPO share allotment will get finalised by August 13, and ANB Metal Cast shares will be available for trading on NSE Emerge, effective August 18.

It is raising Rs 49.92 crore via initial share sale at the upper price band, consisting of entirely fresh issue of 32 lakh shares.

With its only manufacturing unit, in Rajkot, ANB Metal Cast specialises in manufacturing aluminium extrusion products including motor bodies, round bars, solar profiles, railings, and sliding windows, catering to several industries such as electronics, automotive, mechanical, solar, and architectural sectors.

The company that competes with listed peer Maan Aluminum, and Banco Products plans to spend Rs 13.7 crore of the IPO proceeds for its proposed expansion in existing manufacturing facilities by constructing additional floor and installation of additional plant and machineries.

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Further, Rs 21.5 crore will be used for its long-term working capital requirement, and the remainder funds for general corporate purposes.

On the financial front, ANB Metal Cast has reported profit at Rs 10.2 crore for the fiscal 2025, growing significantly by 92 percent over the previous year. Revenue increased by 45 percent to Rs 162.6 crore in the same period.

The merchant banker handling the ANB Metal Cast IPO is Sun Capital Advisory Services.