Anawil Wire & Engineering IPO: Overview
Anawil Wire & Engineering Limited, a Gujarat-based manufacturer of windmill towers and heavy fabrication components for the wind energy sector, is set to launch its ₹177.81 crore SME IPO on August 3, 2026. The issue closes on August 5, 2026, with listing on the NSE SME platform expected on August 10, 2026.
The issue combines a fresh issue of ~₹142.69 crores with an offer for sale of up to 13,00,800 equity shares by existing shareholders — meaning part of the proceeds go toward the company's own balance sheet, while the rest goes to selling shareholders.
Anawil Wire & Engineering IPO: Key Dates
|
Event |
Date |
|
Anchor Bidding Date |
July 31, 2026 |
|
IPO Open Date |
August 3, 2026 |
|
IPO Close Date |
August 5, 2026 |
|
Basis of Allotment |
August 6, 2026 |
|
Refunds Initiated |
August 7, 2026 |
|
Credit to Demat Account |
August 7, 2026 |
|
Listing Date (NSE SME) |
August 10, 2026 |
Anawil Wire & Engineering IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹10 per equity share |
|
Price Band |
₹257 to ₹270 per share |
|
Total Issue Size |
~₹177.81 crores |
|
Fresh Issue |
~₹142.69 crores |
|
Offer for Sale |
Up to 13,00,800 equity shares |
|
Issue Type |
Book Building Issue |
|
Listing |
NSE SME |
IPO Reservation
|
Investor Category |
Shares Offered |
% of Issue |
|
QIB (ex-Anchor) |
31,26,400 |
50% |
|
NII |
9,38,400 |
15% |
|
Retail |
21,89,600 |
35% |
Anawil Wire & Engineering IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min & Max) |
2 |
800 |
₹2,16,000 |
|
S-HNI (Minimum) |
3 |
1,200 |
₹3,24,000 |
|
S-HNI (Maximum) |
9 |
3,600 |
₹9,72,000 |
|
B-HNI (Minimum) |
10 |
4,000 |
₹10,80,000 |
As with most SME IPOs, retail investors face both a minimum and maximum cap of 2 lots (800 shares), resulting in a substantially higher minimum ticket size (₹2,16,000) than a typical mainboard IPO.
About Anawil Wire & Engineering
Founded in January 2021, Anawil Wire & Engineering manufactures windmill towers, turbine tubular towers, heavy fabrication components, and advanced engineering products for the wind energy sector. The company operates two manufacturing facilities — in Koppal, Karnataka, and Kutch, Gujarat — equipped with fabrication, welding, testing, and quality control infrastructure, with an annual production capacity of 612 windmill towers.
Notably, the company's promoters and team bring over 20 years of experience in heavy fabrication, blasting, and painting, and the firm claims to be India's first manufacturer to produce 100 windmill towers, positioning it within the country's growing renewable energy infrastructure supply chain.
Objects of the Issue
|
Purpose |
Amount |
|
Repayment/prepayment of borrowings |
₹115.00 crores |
|
General corporate purposes |
Balance amount |
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2024 |
₹54.08 Cr |
₹48.74 Cr |
₹4.39 Cr |
₹89.64 Cr |
|
FY2025 |
₹79.40 Cr |
₹64.52 Cr |
₹12.31 Cr |
₹114.42 Cr |
|
FY2026 |
₹143.63 Cr |
₹99.12 Cr |
₹36.63 Cr |
₹291.62 Cr |
The company has shown sharp, consistent growth across all three years — revenue has nearly tripled from FY24 to FY26, while PAT has grown more than eightfold over the same period, aided by the broader tailwind in India's wind energy capacity buildout.
Key Valuation Metrics (FY2026)
|
KPI |
Value |
|
ROE |
40.92% |
|
ROCE |
23.05% |
|
EBITDA Margin |
42.64% |
|
PAT Margin |
25.57% |
|
Debt to Equity Ratio |
1.43 |
|
Basic EPS |
₹19.13 |
|
RoNW |
40.92% |
|
Net Asset Value (NAV) |
₹46.75 |
Margins here are notably strong, though the debt-to-equity ratio of 1.43 is on the higher side — worth watching given a meaningful share of the fresh issue proceeds (₹115 crore) is earmarked specifically for debt repayment.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
Frequently Asked Questions (FAQs)
Q1. What is the Anawil Wire & Engineering IPO price band?
The price band is set at ₹257 to ₹270 per equity share.
Q2. When does the Anawil Wire & Engineering IPO open and close?
The IPO opens on August 3, 2026, and closes on August 5, 2026.
Q3. What is the Anawil Wire & Engineering IPO lot size?
The minimum (and maximum) retail lot is 800 shares, requiring an application amount of ₹2,16,000 at the upper price band.
Q4. Is Anawil Wire & Engineering a mainboard or SME IPO?
It is an SME IPO, listing on the NSE SME platform rather than the mainboard exchange.
Q5. What does Anawil Wire & Engineering manufacture?
The company manufactures windmill towers, turbine tubular towers, and heavy fabrication components for the wind energy sector, operating from two facilities in Karnataka and Gujarat.
Q6. What is the total issue size of the Anawil Wire & Engineering IPO?
The total issue size is approximately ₹177.81 crores, comprising a fresh issue of ~₹142.69 crores and an offer for sale of up to 13,00,800 equity shares.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. SME IPOs carry distinct risk characteristics, including lower trading liquidity, compared to mainboard IPOs. IPO details are based on publicly available offer documents and may be subject to change. Please read the offer documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.
