Archive · 8 Aug 2025
ANB Metal Cast IPO Opens: Subscription, GMP, and Details
ANB Metal Cast, a company making aluminum products, is selling shares to the public in an IPO.
The IPO started on August 8 and ends on August 12.
Shares are being sold for ₹148 to ₹156 each.
The company plans to raise about ₹49.92 crore to expand and for other business needs.
On the first day, a small portion of the IPO was subscribed.
The market indicates that the shares might list at the same price as they are being offered.
ANB Metal Cast's IPO opened August 8 and closes August 12.
The IPO price is between ₹148 and ₹156 per share.
The company aims to raise ₹49.92 crore.
The IPO was 0.05 times subscribed on its first day.
GMP is nil, potentially leading to a listing price at par.
- Who
- ANB Metal Cast, a manufacturer of aluminum extrusion products.
- What
- ANB Metal Cast's IPO is currently open for subscription.
- When
- The IPO opened on August 8 and closes August 12.
- Where
- Not explicitly mentioned.
- Why
- To fund capital expenditures, working capital, and general corporate purposes.
Market Sentiment
Investment Opportunity
Market Outlook
Market Sentiment
Current GMP is nil, potentially indicating listing at the issue price.
Investment Opportunity
The IPO offers an opportunity to invest in an aluminum extrusion products manufacturer.
- IPO Price Band
- ₹148 - ₹156 per share
- Total Offering
- ₹49.92 crore
- Subscription (Day 1)
- 0.05 times
- Retail Subscription (Day 1)
- 0.04 times
- GMP
- Nil
- Allotment Date
- August 13
Sources
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