Anawil Wire and Engineering IPO
Anawil Wire and Engineering LtdSME
This IPO has listed.
- Open date
- 3 Aug 2026
- Close date
- 5 Aug 2026
- Min. Investment
- ₹2,16,000
- Lot Size
- -
- Fresh Issue
- ₹142.69 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers164.59x
- Non-Institutional Investors172.75x
- Retail-Individual Investors104.22x
- Total138.72x
Schedule
- Completed: IPO open date3 Aug 2026
- Completed: IPO close date5 Aug 2026
- Completed: Allotment date6 Aug 2026
- Completed: Funds unblock or debit7 Aug 2026
- Completed: Tentative listing date10 Aug 2026
About
Promoter shareholding in Anawil Wire and Engineering Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Nimish Kumar Rameshchandra Vas | 1,74,24,924 | 88.38% | 1,61,24,124 | 64.50% |
| Ayush Nimish Vashi | 95,000 | 0.48% | 95,000 | 0.38% |
| Bhavin Navinchandra Desai | 95,000 | 0.48% | 95,000 | 0.38% |
| Bijal Nimesh Vashi | 19 | 0.00% | 19 | 0.00% |
| Vipul Rameshchandra Vashi | 19 | 0.00% | 19 | 0.00% |
Anawil Wire and Engineering IPO Strengths & Risks
- In-house manufacturing facility with a stringent quality control mechanism.
- Order Book.
- Strategically located manufacturing facility resulting in Operational Efficiency.
- Well-positioned to capture growth opportunities.
- Risks Relating to the Business: The company has a limited operating history in its current line of business and the company's Promoters does not has prior significant experience in this industry segment.
- Risks Relating to the Business: Majority of the company's revenue is dependent on single business segment i.e., Tower Division. An inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
- Risks Relating to the Business: The company's business is subject to seasonal and cyclical variations that could result in fluctuations in the company's results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's revenues is concentrated in certain regions of India, and adverse developments in these regions or its inability to expand into new geographic markets may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: Substantial portion of the company's revenues has been dependent upon few customers, with which the company does not has any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
- Risks Relating to the Business: One of the company's vendors has used the address of its manufacturing facility as its place of business for GST registration purposes, which may result in regulatory scrutiny or adverse perception.
- Risks Relating to the Business: The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.
- Risks Relating to the Business: Restated financial statements has been verified and certified by Peer Reviewed Chartered Accountant who is not the Statutory Auditor of the company.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Risks Relating to the Business: The company's current order book value is not necessarily indicative of future growth. These orders that constitute its current order book could be cancelled, put in abeyance, delayed, or not paid for by the company's customers, which could adversely affect its financial condition.
- Risks Relating to the Business: Any adverse revision, suspension, or withdrawal of the company's credit rating by the rating agency may adversely affect its ability to raise debt financing, the terms on which such financing is available, and the company's overall financial flexibility.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The company has incurred indebtedness which exposes it to various risks which may have an effect on its business and results of operations.
- Risks Relating to the Business: The company is subject to restrictive covenants under its credit facilities that limit the company's operational flexibility.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits to operates its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates the company's business may adversely affect its operations and financial conditions.
- Risks Relating to the Business: The company's contingent liabilities and commitments could adversely affect its financial condition and results of operations.
- Risks Relating to the Business: The company's business is working capital intensive and Inventories and trade receivables form a major part of its current assets. Failure to manage the company's inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: The company has experienced negative cash flows in the recent past, and its may have negative cash flows in the future.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future may adversely affect its financial position of the Company.
- Risks Relating to the Business: The company does not own registered office from where its carry out the company's business activities. Any dispute in relation to use of the premises could have a material adverse effect on its business and results of operations.
- Risks Relating to the Business: The Company's logo is not registered as on Red Herring Prospectus. Its may be unable to protect the company's intellectual property against third party infringement or are found to infringe on the intellectual property rights of others, it could have a material adverse effect on its business, result of operations, and financial conditions.
- Risks Relating to the Business: Excessive dependence on Bank of Baroda in respect of loan facilities obtained by the Company.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- Risks Relating to the Business: The company's business is dependent on its factory. Any disruption, breakdown or failures of machinery, disruption to power sources or any temporary shutdown of the company's factory, may have a material adverse effect on its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's Promoter and Promoter Group members & Group Company has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by the company's Promoter and Promoter Group members and Group Company.
- Risks Relating to the Business: Compliance with labour law, labour shortage, strikes, work stoppages or increased wages demands by the company's employees or any other kind of disputes with its employees could adversely affect the company's business and results of operations.
- Risks Relating to the Business: The company is subject to strict quality requirements, and is consequently required to incur significant expenses to maintain its service quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect the company's reputation, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The Company does not has any similar and comparable listed peer which is involved in same line of business for comparison of performance and therefore, investors must rely on their own examination of accounting ratios of the Company for the purposes of investment in the Offer.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect the company's business, prospects, financial condition and results of operations.
- Risks Relating to the Business: If the company is unable to manage its growth effectively or if the company's estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company's business and prospects may be materially and adversely affected.
- Risks Relating to the Business: Delays or defaults in client payments could affect the company's operations.
- Risks Relating to the Business: The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- Risks Relating to the Business: Unsecured loans taken by the company may be recalled at any time.
- Risks Relating to the Business: The company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of the company's business through their continuing services and strategic guidance and support.
- Risks Relating to the Business: Dependence upon transportation services for supply and transportation of the company's products is subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Risks Relating to the Business: Liquidity Risk and Dependence on Market Maker Continuity on the SME Platform of NSE ("NSE EMERGE").
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses some of its promoters are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: Information relating to the company's installed capacities and the historical capacity utilization of its manufacturing facility included in this Red Herring Prospectus is based on various assumptions and estimates and future production and capacity utilization may vary.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future.
- Risks Relating to the Business: Changes in technology may render the company's current technologies obsolete or requires it to undertake substantial capital investments, which could adversely affect its results of operations.
- Risks Relating to the Business: Adverse publicity regarding the company's products could negatively impact it.
- Risks Relating to the Business: The company may not be successful in implementing its business strategies.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.
- Risks Relating to the Business: The company's lenders have charge over assets in respect of finance availed by it.
- Risks Relating to the Business: The Company will not receive any proceeds from the Offer for Sale portion, and the Promoter Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Promoter Selling Shareholder in the Offer for Sale.
- Risks Relating to the Business: None of the company's Directors has prior experience serving on the board of a listed company, which may affect its ability to efficiently discharge certain responsibilities as a listed entity.
- Risks Relating to the Business: The company has made investment in equity instruments (unquoted) and the company has not made any provision for a decline in the value of its investments.
- Risks Relating to the Business: The company is subject to the risk of failures of, or a material weakness in, its internal control systems. If the company is unable to establish and maintain an effective system of internal controls and compliances business and reputation could be adversely affected.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoter is lower than the faces value of Equity Share.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company's profitability adversely.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the company and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company's Promoter and Promoter Group will jointly continue to retain majority shareholding in the company after this Offer which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: The Offer Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Offer and the market price of the company's Equity Shares may decline below the Offer Price and you may not be able to sell your Equity Shares at or above the Offer Price.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of NSE in a timely manner or at all.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The Company has during the preceding one year from the date of the Red Herring Prospectus have allotted Equity Shares at a price which may be lower than the Offer Price.
- Risks Relating to the Business: Significant differences exist between Ind AS and other accounting principles, such as Indian GAAP, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- Risks Relating to the Business: Any of the Bidders is not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
