Anubhav Plast IPO
Anubhav Plast LtdSME
This IPO has listed.
- Open date
- 19 Jun 2026
- Close date
- 23 Jun 2026
- Min. Investment
- ₹2,56,000
- Lot Size
- -
- Fresh Issue
- ₹24.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers1.23x
- Non-Institutional Investors2.10x
- Retail-Individual Investors2.60x
- Total2.10x
Schedule
- Completed: IPO open date19 Jun 2026
- Completed: IPO close date23 Jun 2026
- Completed: Allotment date24 Jun 2026
- Completed: Funds unblock or debit25 Jun 2026
- Completed: Tentative listing date29 Jun 2026
About
Promoter shareholding in Anubhav Plast Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Onkar Nath Gupta | 35,39,997 | 44.25% | 35,39,997 | 32.18% |
| Vinamra Gupta | 20,00,000 | 25.00% | 20,00,000 | 18.18% |
| Bina Gupta | 15,40,000 | 19.25% | 15,40,000 | 14.00% |
| Tanvi Gupta | 9,20,000 | 11.50% | 9,20,000 | 8.36% |
Anubhav Plast IPO Strengths & Risks
- Founder led company supported by a highly experienced and professional management team with proven project management and implementation skills.
- Growth opportunities in existing facilities and diversification into new products.
- Ability to serve diverse customer needs.
- Cost efficient sourcing and locational advantage.
- Brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of our products.
- Risks Relating to the Business: The company derives a significant portion of its revenue from private cliental's and government; any adverse changes in such procurement policies or the company ability to secure such contracts may adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: Certain immediate relatives of the company Promoters, who is deemed to be part of the Promoter Group under the SEBI (ICDR) Regulations, 2018, has not provided the requisite information, and its disclosure regarding them is based only on publicly available information.
- Risks Relating to the Business: The company has entered into related party transactions with its Group Company, Anubhav Tubes & Conductors Private Limited ("ATCPL"), which is also one of the company major customers. While such transactions is undertaken on an arm's-length basis and in the ordinary course of business, any change in this relationship or the terms of such transactions may adversely affect the company business, financial condition, results of operations, and prospects.
- Risks Relating to the Business: The company capacity utilization for pipe manufacturing is dependent on orders for poles, and any reduction or delay in such orders may affect its operations.
- Risks Relating to the Business: The Company derives a significant portion of revenue from manufacturing of ERW Steel Pipes and Steel Tubular Poles. The company is in the process of expanding into related segments such as crash barriers and solar panel structures components. Any reduction in the sale of such products could has an adverse effect on the business, results of operations and financial condition.
- Risks Relating to the Business: A significant portion of the company revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for its products could negatively impact the company business, operating results, financial condition, and cash flows.
- Risks Relating to the Business: The Company is dependent on few suppliers for purchase of raw materials. Loss of any of these large suppliers may affect its business operations adversely.
- Risks Relating to the Business: There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on its or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
- Risks Relating to the Business: The company manufacturing operations is concentrated in a single geographic region, and any adverse developments in this region, or inability to competitively serve other regions, could disrupt its business operations and adversely affect the company financial performance.
- Risks Relating to the Business: The Company has not obtained Consent to Establish ("CTE") for the proposed expansion within its existing manufacturing facilities, based on the company classification under the White Category, and any adverse regulatory interpretation could affect its operations which could expose the company to regulatory actions if the applicable authorities take a view contrary to the legal opinions relied upon by its.
- Risks Relating to the Business: The Company had negative operating cash flow in recent fiscals, details of which is given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- Risks Relating to the Business: The company is dependent on Hot-Rolled Steel Coils (HR Coils) as its primary raw material, and any disruption in their supply or increase in prices may adversely affect the company business, financial condition, and results of operations.
- 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, and certain related party disclosures were subsequently revised.
- Risks Relating to the Business: The company logo registration ANUBHAV status is currently under process and status of trademark of the word "APPL" is opposed presently. Failures to obtain the trademark registration could lead to difficulties in identification or mistaken association if the trademark is not officially registered under its name. This could potentially result in brand confusion, loss of market recognition, and legal challenges.
- Risks Relating to the Business: The company business operations is inherently working capital intensive, and any inability to maintain adequate working capital may adversely affect the company business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: There has been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in penalties.
- Risks Relating to the Business: Delays in execution or timely completion of work orders may adversely affect the company business operations, customer relationships, financial condition, and reputation.
- Risks Relating to the Business: Increases in the prices of raw material or volatility in the supply and pricing of the company raw material, failures by suppliers to meet their obligations for its operations could adversely affect the company business and results of operations.
- Risks Relating to the Business: The company EBITDA margin and Profit After Tax (PAT) margin has fluctuated in the past and may vary in the future, which could affect its financial performance and valuation.
- Risks Relating to the Business: The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Reliance on third-party transportation providers for finished goods and the potential impact of transportation disruption.
- Risks Relating to the Business: The company past performance may not be indicative of its future growth. An inability to effectively manage the company growth and expansion may has a material adverse effect on its business prospects and future financial performance.
- Risks Relating to the Business: The company business operations is dependent on its qualified professionals and skilled workforce. Departure of any such professionals or the company ability to attract and retain them could adversely its business, operations and financial condition.
- Risks Relating to the Business: The company has not obtained lender NOCs for its unsecured loans owing to the absence of restrictive covenants in the company Sanction letter, loan agreements, welcome letters, and/or repayment schedules issued by the respective lenders. Such non-availability of lender NOCs may affect its financing, litigations and corporate actions.
- Risks Relating to the Business: Few of the company Promoter/Directors has provided personal guarantees for loan facilities obtained by its Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company business and operations.
- Risks Relating to the Business: The company has a high total debt equity ratio.
- Risks Relating to the Business: The company is dependent on its manufacturing unit and any disruption, slowdown or shutdown of the company manufacturing units may restrict its operations and adversely affect the company business and financial condition.
- Risks Relating to the Business: The company revenue is concentrated in a limited product range and with a concentrated customer base, and any reduction in demand for such products or loss of major customers may adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: The company has significant indebtedness, which may limit its financial flexibility, increase the company financing costs, and could has an adverse impact on the company business, results of operations, and financial condition.
- Risks Relating to the Business: Failures to comply with environmental laws and regulations by its could lead to unforeseen environmental litigation which could impact the company business and its future net earnings.
- Risks Relating to the Business: The company is subject to restrictive covenants under its financing agreements that could limit the company flexibility in managing its business or to use bank balance or other assets. Any defaults may adversely affect the company cash flows, business, results of operations and financial condition.
- Risks Relating to the Business: The company management will has broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
- Risks Relating to the Business: The company ongoing capacity and product expansion initiatives may be subject to implementation risks, underutilization, or lack of market acceptance, which may adversely impact its business, financial condition, and results of operations.
- Risks Relating to the Business: The Company operates under certain statutory and regulatory approvals for the operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect its business and results of operations.
- Risks Relating to the Business: One of the company Senior Management has been unable to trace her degree certificate, which may affect the verification of her educational qualifications.
- Risks Relating to the Business: The company may not be sufficiently protected or insured for certain losses that its may incur or claims that the company may faces against its.
- Risks Relating to the Business: The Company has availed unsecured loans which is repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
- Risks Relating to the Business: The company may requires financing to support its current operations, expansion plans or adapt to changes in business conditions, but its may not be able to obtain additional financing on favorable terms or at all. The company inability to obtain additional financing on acceptable terms and in a timely manner could adversely affect its business, results of operations, profitability and margins, cash flows and financial condition.
- Risks Relating to the Business: Certain properties has been leased by its from U.P State Industrial Development Corporation Limited. In the event that the company lose such rights or is required to renegotiate arrangements for such rights, the company business results of operations, profitability and margins, cash flows and financial condition could be adversely affected.
- Risks Relating to the Business: The company does not has long-term agreements/contract with its customers. If a significant number of the company customers choose not to place long-term purchase orders with its Company or may choose to terminate the company contracts if market price drops drastically, its business, financial condition and results of operations may be adversely affected.
- Risks Relating to the Business: The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company business operations may be materially & adversely affected by strikes, work stoppages or increased wages demands by its employees or those of the company suppliers.
- Risks Relating to the Business: The steel industry is cyclical in nature and subject to price volatility, global trade risks, and changes in demand patterns, which may materially and adversely affect the company business, results of operations, and financial condition.
- Risks Relating to the Business: The Company has significant power requirements and any disruption to power sources could increase production costs and adversely affect business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The Company has working capital requirements and may requires additional capital and financing in the future and operations could be curtailed if the Company is unable to obtain the required additional capital and financing when needed.
- Risks Relating to the Business: Funding requirements and proposed deployment of the Net Proceeds of the Issue has not been appraised by a bank or a financial institution and if there are any delays or cost overruns, business, cash flows, financial condition and results of operations may be adversely affected.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect results of operations and cash flows.
- Risks Relating to the Business: Technology failures could disrupt operations and adversely affect business operations and financial performance.
- Risks Relating to the Business: The Company may undertake acquisitions, investments, joint ventures or other strategic alliances, which may has a material adverse effect on ability to manage business, and such undertakings may be unsuccessful.
- Risks Relating to the Business: Any significant delay in receiving plant, equipment and machinery could impact business, operations, cash flows and financial conditions.
- Risks Relating to the Business: Promoters and Directors hold Equity Shares in Company and is therefore interested in Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: None of Directors has any prior experience of being a director in any other listed company in India.
- Risks Relating to the Business: Inability to collect receivables from customers or default in payment by them could result in the reduction of profits and affect cash flows.
- Risks Relating to the Business: The Company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failures to derives the desired benefits from product development efforts may impact competitiveness and profitability.
- Risks Relating to the Business: Safety protocols and programs is developed, implemented and improved. A significant disruption at the company manufacturing facilities may adversely affect production schedules, costs, sales and ability to meet customer demand.
- Risks Relating to the Business: 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 Company may requires additional equity or debt in the future in order to continue to grow business, which may not be available on favorable terms or at all.
- Risks Relating to the Business: Failures to successfully implement its business strategies may materially and adversely affect the company business, prospects, financial condition and results of operations.
- Risks Relating to the Business: Any adverse change in regulations governing the company products and the products of its customers, may adversely impact the company business prospects and results of operations.
- Risks Relating to the Business: The company lenders has charge over its movable and immovable properties in respect of finance availed by the company.
- Risks Relating to the Business: If the company is unable to manage its growth or execute the company strategies effectively, its business plan and expansion may not be successful, and its business and prospects may be adversely affected.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company Promoter is lower than the Issue Price.
- Risks Relating to the Business: Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: The Company has not placed orders of plant & machinery for its proposed object as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machinery may delay the company implementation schedule and may also lead to increase in price of these plant & machinery and equipment's, further affecting its revenue and profitability.
- Risks Relating to the Business: Information relating to the installed capacity, actual production and capacity utilization of the company assembling and manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity may vary.
- Risks Relating to the Business: Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
- Risks Relating to the Business: The company success depends heavily upon its Promoter, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support who is also the natural person in control of the Company.
- Risks Relating to the Business: There is an excessive dependence on few lenders in respect of loan facilities obtained by the Company.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The requirements of being a public listed company may strain the company resources and impose additional requirements.
- Risks Relating to the Business: The company 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 financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- Risks Relating to the Business: The company encounter competition from other steel tubes and pipes manufacturers, and its inability to compete effectively could materially and adversely affect the company business and results of operations.
- Risks Relating to the Business: Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- Risks Relating to the Business: The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Risks Relating to the Business: The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may has an adverse effect on the value of the company Equity Shares, independent of its operating results.
- Risks Relating to the Business: Foreign investors is subject to foreign investment restrictions under Indian law that limits the company ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
- Risks Relating to the Business: Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: QIB and Non-Institutional Investors is not permitted to withdraw or lower their Application (in terms of quantity of Equity Shares or the Application Amount) at any stage after submitting an Application.
