Anawil Wire and Engineering IPO: Price, GMP, Dates and Review
The Anawil Wire and Engineering IPO is an upcoming book-built SME public issue scheduled to open on August 3, 2026. The company manufactures windmill towers and heavy precision steel components for the renewable energy sector.
With India continuing to expand its renewable-energy capacity, the issue may attract investors looking for exposure to wind-energy infrastructure. However, investors should also examine the company’s debt, customer concentration and SME-listing risks before applying.
Anawil Wire IPO Details
IPO detail | Information |
IPO opening date | August 3, 2026 |
IPO closing date | August 5, 2026 |
Price band | ₹257–₹270 per share |
Face value | ₹10 per share |
Lot size | 400 shares |
Minimum retail application | 2 lots or 800 shares |
Minimum retail investment | ₹2,16,000 at the upper price |
Total issue size | ₹177.81 crore |
Fresh issue | ₹142.69 crore |
Offer for sale | ₹35.12 crore |
Basis of allotment | August 6, 2026 |
Refund initiation | August 7, 2026 |
Shares credited to demat | August 7, 2026 |
Listing date | August 10, 2026 |
Listing platform | NSE SME |
The issue comprises 65,85,600 equity shares. This includes a fresh issue of 52,84,800 shares and an offer for sale of 13,00,800 shares. The official issue details confirm a retail minimum investment of ₹2,16,000 based on 800 shares at the upper price band.
About Anawil Wire and Engineering Limited
Established in 2021, Anawil Wire and Engineering Limited manufactures customised tubular steel towers used in wind-energy projects. These towers are produced using heavy and precision-fabricated steel components according to customer specifications.
The company operates manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat. Together, these facilities have an annual production capacity of 612 towers. Their locations also give the company access to some of India’s major wind-energy markets.
As of March 31, 2026, the company reportedly had an order book worth ₹359.82 crore, comprising 379 towers from six customers. This provides revenue visibility, although the limited number of customers creates concentration risk.
Objectives of the Anawil Wire IPO
The company intends to use the proceeds from the fresh issue primarily for:
- Repayment or prepayment of certain outstanding borrowings
- General corporate purposes
Using part of the proceeds to reduce debt could strengthen the balance sheet and lower future finance costs. However, ₹35.12 crore of the issue represents an offer for sale, meaning this amount will go to existing selling shareholders rather than the company.
Anawil Wire IPO Financials
The Anawil Wire IPO financials show strong growth in income and profitability over the past three financial years.
Financial year | Total income | EBITDA | Profit after tax |
FY2024 | ₹54.08 crore | ₹22.22 crore | ₹4.39 crore |
FY2025 | ₹79.40 crore | ₹29.98 crore | ₹12.31 crore |
FY2026 | ₹143.63 crore | ₹61.09 crore | ₹36.63 crore |
The total income was Rs 54.08 crore in FY2024 and Rs 143.63 crore in FY2026. In the same period, profit after tax jumped from ₹4.39 crore to ₹36.63 crore.
However, overall borrowings climbed to ₹128.25 crore in FY2026 from ₹51.86 crore in FY2024. So, investors should both analyze the company’s earnings growth and its debt increase.
Anawil Wire and Engineering IPO GMP
The Anawil Wire and Engineering IPO GMP was reported at approximately ₹70 per share on July 31, 2026. Based on the upper price of ₹270, this informally indicated an estimated listing price of around ₹340.
However, GMP is unofficial, unregulated and can change rapidly. It does not guarantee the actual listing price or listing gain. Investors should use it only as an indicator of short-term market sentiment and not as the main reason for applying.
Strengths of the IPO
- Strong growth in total income and profitability
- Presence in the expanding renewable-energy sector
- Order book of ₹359.82 crore as of March 31, 2026
- Two manufacturing facilities in major wind-energy regions
- Part of the fresh proceeds will be used to reduce borrowings
Risks Investors Should Consider
- Total borrowings increased considerably in FY2026
- Revenue depends on a relatively small customer base
- The company has a short operating history
- Performance depends on demand from the wind-energy industry
- Increases in steel and other raw-material prices may affect margins
- SME shares may have lower liquidity and greater price volatility
- The minimum retail investment of ₹2.16 lakh is comparatively high
Anawil Wire IPO Review: Apply or Avoid?
The Anawil Wire IPO review presents a combination of strong financial growth and notable business risks. Rising revenue, improved profitability, a sizeable order book and exposure to renewable energy are encouraging factors.
On the other hand, the company has rising borrowings, customer concentration and a limited operating history. Being an SME IPO, the shares may also experience higher volatility and lower post-listing liquidity.
Therefore, the Anawil Wire IPO apply or avoid decision should depend on an investor’s risk tolerance. Investors comfortable with SME issues and sector-specific risks may study the RHP, valuation and subscription data before deciding. Conservative investors may prefer to observe the company’s performance after listing.
FAQs
What is the Anawil Wire IPO date?
Anawil Wire IPO will be open for subscription from 3rd August, 2026 to 5th August, 2026. The allotment basis is due to be finalized on August 6, 2026.
What is the Anawil Wire IPO price band?
Anawil Wire IPO price band set at ₹257 to ₹270 per equity share.
What is the Anawil Wire IPO lot size?
Anawil Wire IPO deal size 400 shares. Retail investors will need to apply for a minimum of two lots, which is 800 shares and ₹2,16,000 at the higher price.
What is the Anawil Wire IPO listing date?
The Anawil Wire IPO will list on the 10th of August, 2025. Shares of the company will be listed on the NSE SME platform.
What is the Anawil Wire and Engineering IPO GMP?
The unofficial GMP was said to be roughly ₹70 per share as on July 31, 2026. GMP is subject to change and not guaranteed to result in an increase in listing.
How can investors check the Anawil Wire IPO allotment status?
After allotment is finalised, Anawil Wire IPO allotment status can be checked on the Bigshare Services website. Generally, investors can search through PAN, application number or beneficiary ID.
Is the Anawil Wire IPO good to apply for?
The company has seen good earnings growth and has a good order book. However, increased debt, customer concentration and SME-market liquidity problems must be recognized. Investors should read the RHP and consider their risk tolerance before applying.
