Anawil Wire & Engineering
Anawil Wire & Engineering is a leading manufacturer specializing in windmill towers, turbine tubular towers, and advanced engineering components for the wind energy sector. The company operates within the renewable energy and heavy engineering industry, providing critical infrastructure for wind power generation.
Price Band
₹270 - ₹270
Lot Size
800 Shares
Issue Size
₹177.81 Cr
Fresh Issue
₹142.69 Cr
OFS
₹35.12 Cr
Registrar
AI Sentiment Score
Current GMP
+₹60
Est. Listing: ₹330 (+22.2%)
📅 IPO Timeline
✓
Open
Aug 3
✓
Close
Aug 5
✓
Allotment
Aug 6
✓
Refund
Aug 7
5
Demat
Aug 7
6
Listing
Aug 10
✨ AI Analysis & Prediction
+15.7%
predicted listing gain
The listing gain is adjusted upward from the GMP baseline due to extraordinary institutional demand (QIB 164.56x) and high financial quality (ROE 40.92%). The structural strength of a predominantly fresh issue (80.2%) and the growth trajectory of the wind energy sector further bolster the predicted pop.
💪 Strengths
- First Indian manufacturer to produce 100 windmill towers
- Exceptional ROE of 40.92% and strong PAT growth
⚠️ Weaknesses
- Relatively high debt-to-equity ratio of 1.43
- Concentration in a specific niche of the wind energy sector
🚀 Opportunities
- Expansion of India's renewable energy and wind power capacity
- Utilization of IPO funds to significantly reduce debt
🛡️ Threats
- Lack of listed peers making valuation benchmarks difficult
- Cyclical nature of heavy engineering and infrastructure projects
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company | ₹115.00 |
| General Corporate Purpose | ₹62.81 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 54.08 Cr | Rs 79.40 Cr | Rs 143.63 Cr |
| Net Profit / PAT (₹ Cr) | Rs 4.39 Cr | Rs 12.31 Cr | Rs 36.63 Cr |
| Total Assets (₹ Cr) | Rs 89.64 Cr | Rs 114.42 Cr | Rs 291.62 Cr |
| ROE % | NA | NA | 40.92% |
| ROCE % | NA | NA | 23.05% |
| Debt / Equity | NA | NA | 1.43 |
Debt/Equity
1.43
📋 Live Subscription Status
QIB
164.56x
NII
233.36x
Retail
104.22x
Total
149.13x
Updated: Aug 8, 2026 8:03 AM
💼 Reservation Quota
QIB
50.00%
Retail
33.25%
NII
14.25%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in January 2021, Anawil Wire & Engineering has rapidly evolved into a key player in India's renewable energy infrastructure. The company leverages over 20 years of deep-rooted experience in heavy fabrication, blasting, and painting to deliver high-precision engineering solutions for the wind energy market.
Its core business model revolves around the manufacturing of windmill towers and turbine tubular towers. By integrating advanced fabrication and welding technologies, the firm ensures the structural integrity of components essential for the wind energy sector, positioning itself as a specialist in heavy engineering.
Operational scale is supported by two modern manufacturing facilities located in Koppal, Karnataka, and Kutch, Gujarat. These plants are equipped with state-of-the-art quality control and testing infrastructure, boasting an impressive annual production capacity of 612 windmill towers.
The company has achieved a significant milestone as India’s first manufacturer to produce 100 windmill towers, demonstrating its ability to scale production while maintaining international quality standards. This operational excellence allows them to serve the growing demands of the green energy transition.
The leadership and promoter group consist of Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai, and Bijal Nimesh Vashi, who guide the company's strategic expansion in the heavy fabrication and renewable energy domains.
The Anawil Wire & Engineering IPO is a book-building issue designed to raise approximately ₹177.81 Crore. The issue structure is investor-friendly, consisting of a substantial fresh issue of ₹142.69 Crore and an offer for sale (OFS) of approximately 13,00,800 shares. The price band is set between ₹257 to ₹270 per share, with a minimum retail lot size of 800 shares requiring an application amount of ₹2,16,000. The IPO is scheduled to list on the NSE SME exchange on August 10, 2026.
The primary objective for the fresh issue proceeds is the repayment or prepayment of company borrowings, amounting to ₹115.00 Crore, which aims to deleverage the balance sheet and improve future financial agility.
Financial performance shows an aggressive growth trajectory. Revenue surged from ₹54.08 Crore in FY24 to ₹143.63 Crore in FY26. Net Profit (PAT) witnessed an even steeper climb, growing from ₹4.39 Crore in FY24 to ₹36.63 Crore in FY26, reflecting significant operational scaling and improved margins.
Valuation is supported by strong KPIs, including an ROE of 40.92% and a PAT margin of 25.57%. While the company notes that there are no direct listed peers in India for a precise P/E comparison, the basic EPS of ₹19.13 provides a foundation for valuation analysis.
Key investment strengths include the company's leadership in the wind tower segment and its alignment with India's renewable energy goals. However, investors should consider the debt-to-equity ratio of 1.43 as a point of monitoring, despite the IPO proceeds being used to reduce this burden.
Overall, the issue presents a growth-oriented opportunity in the SME space. With high institutional interest and strong top-line growth, the company appears well-positioned, though as with all SME IPOs, liquidity and sector-specific regulatory changes remain inherent risks.