The ANB Metal Cast SME Initial Public Offering (IPO), which opened for subscription on August 8, 2025, is set to close today, August 12, 2025. However, the IPO has received a tepid response from investors, achieving a subscription rate of just 0.31 times as of the end of the third day, August 7, according to data from the National Stock Exchange (NSE).
As of August 7, the subscription details indicate lackluster interest across investor categories. The retail portion was subscribed 0.42 times, while the non-institutional investor (NII) category saw a subscription of 0.25 times. The qualified institutional buyer (QIB) portion remained unsubscribed, highlighting cautious sentiment in the market. Analysts attribute the low subscription to broader market volatility and investor preference for larger mainboard IPOs, such as BlueStone Jewellery, which are open concurrently.
ANB Metal Cast, based in Ahmedabad, operates in the niche segment of precision metal castings, catering to industries like automotive, heavy machinery, and engineering. The company reported revenues of ₹75 crore and a net profit of ₹5.2 crore for the fiscal year ending March 2025, reflecting stable financials. However, market experts suggest that the relatively high valuation and lack of strong brand recognition in the SME segment may have deterred investors.
The IPO is managed by Beeline Capital Advisors Pvt Ltd, with Link Intime India Pvt Ltd as the registrar. Shares are expected to be allotted by August 13, 2025, with a tentative listing date of August 16, 2025, on the NSE SME platform. Investors are advised to review the company’s fundamentals and market conditions before making last-minute subscription decisions today.
For real-time updates on the subscription status or further details, investors can visit NSE website. The performance of ANB Metal Cast’s IPO underscores the challenges faced by smaller companies in attracting investor interest amidst a crowded IPO calendar.
Disclaimer: Investors should consult financial advisors before making investment decisions. SME IPOs carry higher risks due to their smaller scale and market volatility.
