Anawil Wire & Engineering is set to make its stock market debut on the NSE SME platform today, August 10, with grey market trends signalling a strong listing for investors. The company’s shares are commanding a 21% premium in the grey market, suggesting a potentially robust debut.
The IPO, which was open for subscription from August 3 to August 5, received an overwhelming response from investors, with the issue subscribed 149.13 times overall. The retail portion was subscribed 104.22 times, while the Qualified Institutional Buyers (QIB) category was booked 164.56 times. The Non-Institutional Investors (NII) segment saw even stronger demand, with subscription reaching 233.36 times.
The Rs 177.81 crore public issue comprised a fresh issue of 53 lakh equity shares worth Rs 142.69 crore and an Offer for Sale (OFS) of 13 lakh shares aggregating to Rs 35.12 crore.
The IPO was priced in the range of Rs 257–Rs 270 per share. Given the strong subscription numbers and the latest grey market premium, market participants will be closely watching the stock’s debut for signs of whether the bullish sentiment translates into actual listing gains.
Hem Securities acted as the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. served as the registrar.
Anawil Wire & Engineering IPO GMP Today
Anawil Wire & Engineering IPO GMP today stands at Rs 58, according to the latest grey market trends. This translates into a premium of nearly 21% over the IPO’s upper price band of Rs 270 per share. At the current GMP, Anawil Wire & Engineering shares are estimated to list at around Rs 328 apiece.
However, investors should keep in mind that the grey market is unofficial and largely sentiment-driven. GMP can change sharply depending on market conditions, investor sentiment and demand ahead of the actual listing. The grey market premium, therefore, should not be viewed as a guaranteed listing price or return.
Anawil Wire & Engineering Use the IPO Proceeds
A significant portion of the IPO proceeds is earmarked for reducing the company’s debt burden. Anawil Wire & Engineering plans to utilise around Rs 115 crore to repay or prepay existing borrowings.
The debt reduction is expected to help strengthen the company’s balance sheet while potentially lowering its finance costs. The remaining funds will be deployed towards general corporate purposes, as outlined in the company’s offer document.
Anawil Wire & Engineering’s Financial Performance
On the financial front, Anawil Wire & Engineering delivered a strong year-on-year performance in FY26, with both revenue and profitability witnessing a sharp jump.
The company’s total income surged 81%, rising from Rs 79.4 crore in FY25 to Rs 143.63 crore in FY26. More notably, profit after tax (PAT) nearly tripled, climbing 198% from Rs 12.31 crore in FY25 to Rs 36.63 crore in FY26.
Founded in January 2021, Anawil Wire & Engineering operates in the renewable energy ecosystem, manufacturing windmill towers and heavy and precision-engineered steel components.
The company specialises in producing customised tubular steel wind turbine towers of up to 140 metres in height for leading wind turbine generator (WTG) manufacturers and renewable energy companies.
Anawil Wire & Engineering operates two manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat. Together, the facilities have an annual production capacity of 612 windmill towers.
Its manufacturing plants are equipped with fabrication, welding, testing and quality-control infrastructure designed to support the production of wind turbine towers that meet international quality standards.
