The ₹177.81-crore SME initial public offering (IPO) of Anawil Wire and Engineering Limited opened for bidding today, August 3, 2026, with a price band of ₹257 to ₹270 per share. Unofficial market trends indicate strong investor interest, as the grey market premium (GMP) suggests a potential listing gain of over 33% on the NSE SME platform.Grey Market Premium (GMP) & Estimated ListingAhead of its opening, grey market activity indicates optimism for the renewable energy heavy fabrication firm:Current GMP: Quotes at ₹90 per share over the upper price band.Upper Price Band: ₹270 per equity share.Estimated Listing Price: Approximately ₹360 per share (~33.33% premium).Estimated Lot Profit: ~₹36,000 per retail application lot (800 shares) based on current GMP rates.> Note: Grey Market Premium (GMP) is an unofficial trading indicator that reflects secondary demand before official listing and does not guarantee secondary market listing day performance.10 Key Details Every Investor Should KnowIPO Dates: The issue opened for bidding on August 3, 2026, and will close on August 5, 2026.Issue Size: Total fundraise of ₹177.81 crore, comprising a Fresh Issue of ₹142.69 crore and an Offer for Sale (OFS) of ₹35.12 crore.Price Band: Fixed between ₹257 and ₹270 per equity share.Lot Size & Investment: The minimum market application lot is 400 shares. However, the minimum retail entry requires 2 lots (800 shares), amounting to an investment of ₹2,16,000.Tentative Allotment Date: Finalization of share allocation is expected on August 6, 2026.Refunds & Demat Credit: Refund processing and share credit to Demat accounts are scheduled for August 7, 2026.Listing Date & Exchange: The stock is tentatively set to list on August 10, 2026, on the NSE SME platform.Lead Manager & Registrar: Hem Securities Limited is acting as the sole book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue.Use of Proceeds: The fresh capital proceeds will primarily be utilized for the repayment/pre-payment of outstanding debts (₹115 crore), with the balance allocated for general corporate requirements.Business Focus: Incorporated in 2021, the company manufactures tubular steel windmill towers and heavy fabricated steel components for wind energy original equipment manufacturers (OEMs) across its plants in Karnataka and Gujarat.IPO Timetable at a GlanceEventTimeline / DateIPO Bidding Open DateAugust 3, 2026IPO Bidding Closing DateAugust 5, 2026Basis of Allotment FinalizationAugust 6, 2026Initiation of RefundsAugust 7, 2026Credit of Shares to Demat AccountsAugust 7, 2026NSE SME Listing DateAugust 10, 2026Financial HighlightsAnawil Wire and Engineering has logged rapid top-line and profit expansion over the last three fiscal years, benefiting from expanding clean-energy infrastructure investments:Metric (in ₹ Crore)FY2024FY2025FY2026Revenue from Operations₹54.07₹78.59₹143.27EBITDA₹22.22₹29.98₹61.09Profit After Tax (PAT)₹4.39₹12.31₹36.63Net Worth₹27.77₹40.08₹89.51At the upper end of the price band (₹270), the issue is valued at a pre-IPO P/E multiple of ~14.5x and a post-IPO P/E multiple of ~18.4x based on FY26 earnings, presenting competitive pricing relative to industrial sector peers.Also Read :- Juniper Green Energy IPO Day 3: Issue Subscribed 48% So Far; Check GMP, Key DatesDisclaimer: This article is published for informational and educational purposes only and should not be construed as financial, investment, or trading advice. The views, opinions, estimates, and recommendations, if any, are those of the respective analysts, experts, or brokerage firms cited and do not necessarily reflect the views of Bumppy News. Readers are advised to conduct their own research and consult a SEBI-registered financial advisor or other qualified professional before making any investment or financial decisions. Investments in securities and financial markets are subject to market risks.
