Kanpur-based Anubhav Plast Limited, a specialist company engaged in the manufacturing of ERW steel pipes and steel tubular poles, is launching an Initial Public Offering (IPO) of Rs 24 crore on the BSE SME platform. The funds raised will be utilized for setting up a new manufacturing facility for crash barriers and solar panel structures within the existing premises, meeting working capital requirements, and general corporate purposes. The information regarding the company's business activities has been obtained from the company's prospectus by the team of Business Remedies.
IPO Details
The IPO of Anubhav Plast Limited will open on June 19 and close on June 23, 2026, on the BSE SME platform. The price band for the public issue is set at Rs 77 to Rs 80 per share. The company will issue 30,00,000 equity shares with a face value of Rs 10 each. The IPO is being managed by Capital Square Advisors Private Limited.
Business Activities
Anubhav Plast Limited was incorporated in January 1987. The company specializes in manufacturing Electric Resistance Welding (ERW) steel pipes and tubes, available in round and square hollow sections, as well as swaged steel tubular poles. The product portfolio serves various sectors including electric transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering, and fabrication. The company markets its products under the 'Anubhav' brand.
The company operates two manufacturing units in Kanpur Dehat, Uttar Pradesh, and has a strong presence in government tender-based projects across several Indian states. The ERW products are manufactured in accordance with IS:2713, IS:9295, IS:1239, IS:4270, IS:1161, IS:4923, and IS:3589 standards, ensuring quality, reliability, and durability. Currently, the installed capacity is 7,500 metric tonnes per month (90,000 metric tonnes per year) for ERW steel pipes and tubes, and 12,500 units per month (1,50,000 units per year) for swaged steel tubular poles, based on a single-shift operation.
The product portfolio includes more than 80 standard sizes of steel tubular poles ranging from 410SP-1 to 410SP-80 as per IS:2713. The company manufactures round pipes from 1.5 inches to 8 inches and 100 x 100 mm square hollow sections. The 100 x 100 mm swaged high-strength sections are used for structural support. The company also manufactures pipes and tubes of various diameters and thicknesses in accordance with IS:3589, IS:4270, and IS:9295. Expansion plans include round pipes up to 10 inches and square pipes up to 200x200 mm. Products are supplied according to customer specifications, including galvanization, which enhances corrosion resistance and extends service life in outdoor and high-moisture environments.
Financial Performance
In Financial Year 2023, the company reported operating revenue of Rs 8,713.69 lakh and profit after tax of Rs 74.36 lakh. In Financial Year 2024, operating revenue was Rs 8,732.69 lakh with a profit after tax of Rs 207.99 lakh. In Financial Year 2025, the company achieved operating revenue of Rs 9,816.74 lakh and profit after tax of Rs 599.68 lakh. For the six-month period ended December 31, 2025 (Financial Year 2026), the company earned operating revenue of Rs 8,048.88 lakh and profit after tax of Rs 529.57 lakh, resulting in a profit after tax margin of approximately 6.58 percent.
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