Anawil Wire & Engineering IPO GMP, Date, Price Band & Review

Anawil Wire & Engineering IPO Details

Anawil Wire & Engineering IPO is a 100% book-built issue of 65.85 lakh equity shares worth up to ₹178 crore, comprising a fresh issue of 0.53 crore shares worth up to ₹142.69 crore and an offer for sale (OFS) of 0.13 crore shares worth up to ₹35.12 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 19, 2025.

The price band of the issue is set between ₹257 to ₹270 per share and the lot size for an application is 400 shares. The minimum amount of investment required by an individual investor is ₹2,16,000 (800 shares). The IPO will be open for subscription from August 3 to 5, 2026, on the NSE SME platform, with a tentative listing date fixed as August 10, 2026. The book-running lead manager of the issue is Hem Securities Limited, while Bigshare Services Private Limited has been appointed as the registrar to the issue.

Anawil Wire & Engineering IPO Date & Timeline

The Anawil Wire & Engineering IPO is officially set to open for subscription on Aug 3, 2026 and will close on Aug 5, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 19, 2025, and has now finalized its schedule following SEBI approval. Once the subscription window closes, the allotment is expected on Aug 6, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 7, 2026. Finally, shares of Anawil Wire & Engineering Ltd. are tentatively scheduled to list on the stock exchanges on Aug 10, 2026.

Anawil Wire & Engineering IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Anawil Wire & Engineering IPO GMP is currently trading at ₹64, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹334, which is 23.70% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Anawil Wire & Engineering Ltd. was incorporated as a private limited company on January 2, 2021. Later, it was converted into a public limited company on March 11, 2025, to proceed with its public listing procedures. The company operates its registered corporate headquarters out of Vapi, Gujarat.

The company is mainly engaged in the manufacturing of windmill towers, with monthly manufacturing of towers being 35 and on an annual basis, the number went to 210 in FY26. The main focus of the company is the fabrication of towers from heavy and precision steel components that meet the requirements of the clients.

Operations & Product Range

Anawil Wire & Engineering Ltd. is engaged in the manufacturing of windmill towers. The core operating model centres on the fabrication of these towers utilising heavy and precision steel components. The company customizes its manufacturing processes to meet the technical requirements of clients in the wind energy sector. The company’s product portfolio is fabricated as tubular steel structures consisting of multiple cylindrical sections, as the targeted customers and end markets include Original Equipment Manufacturers (OEMs) of wind turbine generators.

Facilities & Capacity

The primary manufacturing and operational infrastructure is located in Koppal, Karnataka. This manufacturing facility spans 48.05 acres with an annual capacity of 612 towers. Currently, the installed capacity of this facility is 210 windmill towers annually. In FY25, actual production was 135 towers, indicating a capacity utilization rate of 45%, while on a monthly basis, the company is manufacturing 35 windmill towers. Furthermore, the company has expansion plans and is establishing an additional manufacturing facility in the Kutch district of Gujarat. Land for this facility has been acquired and construction has commenced.

Brands & Market Presence

Anawil Wire and Engineering Ltd. operates in the renewable energy sector as a B2B supplier of tubular steel windmill towers to OEMs, with a strong presence in Karnataka. The company follows strict industry standards and holds key certifications such as ISO 9001:2015, ISO 14001:2015, ISO 14001:2018 and ISO 3834-2:2021 for manufacturing and fabrication processes. Also, the main focus of the company is operational efficiency, quality and long-term customer relationships. Led by experienced promoters and a professional management team.

Revenue Streams & Business Model

The primary revenue source of Anawil Wire and Engineering Ltd. is direct B2B sales of manufactured steel wires, binding wires and custom engineering components to infrastructure, construction and manufacturing sectors. Also, revenue is generated via long-term corporate supply contracts and bulk order fulfillments. By maintaining localised distribution networks and agile manufacturing capabilities, the firm optimises production throughput while sustaining steady sales flow across its diversified client portfolio.

Financial Performance

Anawil Wire and Engineering Ltd. demonstrates consistent financial momentum, with total revenue expanding from ₹79.40 crore in FY25 and surging to ₹143.63 crore in FY26. Profit After Tax reflected this upward trajectory, jumping to ₹36.63 crore in FY26 while sustaining strong EBITDA margins near 42.64%. Backed by strong operational efficiencies, the firm achieves a Return on Equity of 56.53%. Capitalisation of earnings continues to reinforce long-term equity stability and debt coverage.

Management & Shareholding

The promoters of Anawil Wire & Engineering Ltd. are Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai and Bijal Nimesh Vashi. Before the IPO, the promoters held an 89.35% stake in the company, but after the IPO, the shareholding of the promoters will be diluted and will end up at 65.26%, as the offering includes 13 lakh shares to be sold by the existing shareholders.

Board & Key Management

The board & key management team of Anawil Wire & Engineering Ltd. oversee strategic and operational directives. The leadership is headed by Nimish Kumar Rameshchandra Vashi, who serves as Chairman and Managing Director. Operations are supported by Ayush Nimish Vashi, serving as Whole-Time Director. The board includes Non-Executive Directors Bhavin Navinchandra Desai and Bijal Nimesh Vashi. To ensure independent evaluation, the board features Independent Directors Digant Hemant Kumar Bhagat and Nirav Jashvantrai Desai. Executive management is supported by Chief Financial Officer (CFO) Chiragkumar Prakashbhai Patel and Company Secretary (CS) Sakshi Vijay.