August 5: Anawil Wire & Engineering Ltd’s maiden public issue witnessed overwhelming investor demand, with the ₹177.8 crore IPO being subscribed 138.72 times on the final day of bidding, reflecting strong interest across retail, institutional, and high-net-worth investor categories.
The Gujarat-based manufacturer of windmill towers and precision steel components is raising funds through a fresh issue of 65.85 lakh equity shares, with a price band of ₹257–270 per share.
Subscription Break-up
Investor participation remained robust across all categories:
- Overall Subscription: 138.72x
- Non-Institutional Investors (NIIs): 233.70x
- Qualified Institutional Buyers (QIBs): 164.56x
- Retail Investors: 104.22x
Investors placed bids for 65.33 crore shares against an offer size of 47.1 lakh shares, with applications worth nearly ₹17,641 crore at the upper end of the price band.
Anawil Wire IPO GMP
According to market observers, the Anawil Wire IPO continued to command a grey market premium (GMP) of around 30% over the issue price, indicating positive sentiment ahead of the listing. While GMP is an unofficial indicator and not a guarantee of listing performance, it reflects strong market interest.
Allotment and Listing Dates
- IPO Allotment: Expected on August 6, 2026
- Listing Date: Tentatively August 10, 2026 on the NSE SME platform.
Use of IPO Proceeds
The company plans to utilize the net proceeds primarily for:
- Debt repayment and prepayment (around ₹115 crore)
- General corporate purposes
About the Company
Anawil Wire & Engineering manufactures windmill towers and fabricates heavy engineering and precision steel components for the renewable energy sector. The company is expected to benefit from increasing investments in India’s wind energy infrastructure.
