ERW Steel Pipe Manufacturer To Launch SME IPO On June 19; Plans Expansion Into Solar Structures And Crash Barriers, Check Key Details

Anubhav Plast, a manufacturer of ERW steel pipes, steel tubes and swaged steel tubular poles, is set to launch its Initial Public Offering (IPO) on the BSE SME platform. The issue will open for subscription on June 19, 2026, and close on June 23, 2026. The company plans to utilise the proceeds from the IPO for establishing a new manufacturing facility for crash barriers and Solar panel structures within its existing premises, along with funding working capital requirements and general corporate purposes.

About Anubhav Plast

Incorporated in January 1987, Anubhav Plast is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes available in round and square hollow sections. The company also manufactures swaged steel tubular poles that cater to various sectors including electric transmission and distribution, street lighting, telecom infrastructure, Construction, irrigation, water supply, general engineering and fabrication. The company markets its products under the "Anubhav" brand and has established a strong presence in government tender-based projects across multiple states.

The company operates two manufacturing facilities in Kanpur Dehat, Uttar Pradesh. Its ERW products are manufactured in accordance with various BIS standards including IS:2713, IS:9295, IS:1239, IS:4270, IS:1161, IS:4923 and IS:3589, making them widely accepted for quality, reliability and durability. Currently, the company has an installed capacity of 90,000 metric tonnes per annum for ERW steel pipes and tubes and 1,50,000 units per annum for swaged steel tubular poles on a single-shift basis.

Anubhav Plast offers more than 80 standard sizes of steel tubular poles ranging from 410SP-1 to 410SP-80 as per IS:2713 standards. The company manufactures round pipes ranging from 1.5 inches to 8 inches and square hollow sections up to 100x100 mm. It is also expanding its product portfolio to manufacture round pipes up to 10 inches and square pipes up to 200x200 mm. In addition, the company supplies galvanized products as per customer specifications, enhancing corrosion resistance and increasing the service life of steel structures used in outdoor and high-moisture environments.

Anubhav Plast Financial Performance

Anubhav Plast has reported steady growth in revenue and profitability over the last few years.

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IPO Details

The IPO of Anubhav Plast Ltd will open on June 19, 2026, and close on June 23, 2026, on the BSE SME platform. The company plans to issue 30,00,000 equity shares of face value Rs 10 each. The issue is being managed by Capital Square Advisors Private. The proceeds from the IPO will be utilized for setting up a new manufacturing facility for crash barriers and solar panel structures, meeting working capital requirements and supporting general corporate purposes.

Disclaimer: The article is for informational purposes only and not investment advice.