The Rajkot-based aluminium extrusion producer obtained a reasonable response from traders, with the IPO subscribed 2.22 instances general.
The retail class was subscribed 2.39 instances, Certified Institutional Consumers (QIBs) subscribed 1.04 instances, whereas the Non-Institutional Buyers (NII) class was subscribed 4.29 instances. The corporate additionally raised Rs 14.02 crore from anchor traders forward of the IPO.
The recent challenge of 32 lakh shares was aimed toward funding the growth of producing amenities, working capital wants, and normal company functions. Publish challenge, the corporate’s market capitalisation stands at Rs 184.62 crore.
Integrated in 2019, ANB Metallic Solid manufactures a variety of aluminium extrusion merchandise reminiscent of motor our bodies, photo voltaic profiles, railings, and sliding home windows, catering to sectors together with electronics, automotive, photo voltaic, and structure.
For FY25, the corporate reported a income of Rs 162.64 crore, up 45% year-on-year, and a revenue after tax (PAT) of Rs 10.25 crore, almost doubling from Rs 5.34 crore in FY24.Regardless of the corporate’s robust monetary development, there are considerations over the sustainability of boosted earnings. With a flat GMP, itemizing day motion might be carefully watched to gauge investor sentiment.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Occasions)
