Anawil Wire and Engineering Limited operates as a manufacturer of windmill towers and heavy fabrication components tailored for wind turbine assemblies.
The company runs dedicated production facilities in Koppal (Karnataka) and Kutch (Gujarat).
The Anawil Wire & Engineering IPO opens for public subscription on August 3, 2026, and is scheduled to close on August 5, 2026.
Through this NSE EMERGE offering, the enterprise aims to raise up to ₹178 crores via a fresh issue and an offer for sale by the promoter.
The price band has been fixed at ₹257 to ₹270 per equity share, requiring a minimum retail application of 800 shares. Track all the latest SME and Mainboard IPOs.
Get all the essential details on the Anawil Wire & Engineering IPO, including today's GMP, subscription figures, key dates, and the offering price range.
Anawil Wire & Engineering IPO Details
- Price Band: ₹257 – ₹270 per share
- IPO Open / Close Dates: 3 August 2026 / 5 August 2026
- Lot Size: 400 shares (Minimum retail investment is 2 lots: 800 shares)
- Issue Size: 65,85,600 shares / Up to ₹178 crores
- Fresh Issue / OFS: Fresh Issue of ₹134 crores / OFS of ₹35 crores
- Registrar: Bigshare Services Pvt.Ltd.
- Listing Exchange: NSE SME
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Up to 60% of the QIB Portion
- QIB-shares: Not more than 31,26,400 Equity Shares
- NIIs-Shares offered: Not less than 9,38,400 Equity Shares
- RIIs- Shares offered: Not less than 21,89,600 Equity Shares
How Much is the Anawil Wire & Engineering IPO GMP Trading at Right Now?
You can find current GMP updates for all upcoming listings on our Today's GMP page. Note: Because these premiums are driven purely by market demand, they change every day and are not officially recognized or regulated by SEBI, BSE, or NSE.
What Are The Important Anawil Wire & Engineering IPO Dates & Allotment Schedule ?
- IPO Open & Close Date: 3 August 2026 to 5 August 2026
- Basis of Allotment Date: 6 August 2026
- Refund Initiation Date: 7 August 2026
- Credit of Shares: 7 August 2026
- Listing Date: 10 August 2026
If you want to learn about these key terms check IPO Glossary: 100+ Important Terms Every Investor Should Know
What Are The Business Objectives of Anawil Wire & Engineering IPO?
Capital raised from the fresh issue will be deployed by management to fund the company's core business objectives:
- Debt Repayment: A massive allocation of ₹115.00 crores will be used to prepay or repay outstanding borrowings, significantly easing the balance sheet leverage.
- General Corporate Purposes: The remaining balance will fund strategic initiatives and ongoing administrative contingencies. (Note: The company will not receive any proceeds from the Offer for Sale component).
Also check: IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
How is The Financial Performance of Anawil Wire & Engineering?
The table below provides a summary of the company’s financial statements, with all figures reported in Rupees Crores.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 143.63 | 79.40 | 54.08 |
Profit After Tax | 36.63 | 12.31 | 4.39 |
EBITDA | 61.09 | 29.98 | 22.22 |
Total Borrowing | 128.25 | 55.11 | 51.86 |
Assets | 291.62 | 114.42 | 89.64 |
Source: RHP
Financial Observations
Total Income
The company showcased exponential growth in its top line over the reported financial periods.
- Total income scaled massively from ₹54.08 crores in FY24 to ₹143.63 crores in FY26.
- This surge perfectly aligns with rising domestic demand in India's renewable energy sector.
- A strategic shift to focus purely on core tower manufacturing aided this rapid scale-up.
Profit After Tax
Net profitability demonstrated a remarkable upward trajectory driven by higher operating leverage.
- PAT jumped from ₹4.39 crores in FY24 to ₹36.63 crores in FY26.
- The PAT margin expanded significantly to 25.57% in the latest fiscal year.
- Improved cost efficiencies during manufacturing directly contributed to this bottom-line momentum.
EBITDA
Core operational earnings witnessed robust growth while sustaining highly lucrative margins.
- EBITDA increased from ₹22.22 crores in FY24 to ₹61.09 crores in FY26.
- The EBITDA margin remained incredibly strong, peaking at 42.64% in FY26.
- In-house quality control and manufacturing execution allowed for excellent margin retention.
Total Borrowing
The firm aggressively utilized external debt to finance its capital-intensive factory expansions.
- Total borrowings more than doubled from ₹51.86 crores in FY24 to ₹128.25 crores in FY26.
- These funds were vital for constructing the new manufacturing unit in Kutch and procuring heavy machinery.
- The primary objective of the IPO fresh issue is to aggressively reduce this outstanding debt.
Assets
The overall resource base of the company widened to accommodate its booming order book execution.
- Total assets expanded rapidly from ₹89.64 crores in FY24 to ₹291.62 crores in FY26.
- This massive growth reflects continuous investments in property, plant, and heavy equipment.
- The asset base highlights the capital-heavy infrastructure required to manufacture utility-scale wind towers.
What Are The P/E ratio and Peer Comparison of Anawil Wire and Engineering Limited?
At the maximum offering price of ₹270, Anawil Wire and Engineering's P/E multiple stands at 14.11 when measured against its FY26 earnings per share (EPS) of ₹19.13.
Also check IPO Valuation vs Listing Performance Study 2026
Analysis:
As officially stated in the Red Herring Prospectus, there are no listed companies in India that are exclusively engaged in the business of manufacturing windmill towers.
Because the firm lacks direct domestic peers, an industry-standard comparison matrix cannot be provided.
However, Anawil Wire and Engineering enters the primary market demanding an implied P/E multiple of approximately 14.11x based on its FY26 EPS of ₹19.13 at the upper price band.
With an impressive EBITDA margin of 42.64% and PAT of ₹36.63 crores, the company’s internal growth trajectory indicates highly efficient capital utilisation and strong execution capabilities within a rapidly expanding niche sector.
What is The Industry Outlook of Anawil Wire and Engineering Limited?
Growth potential
- India is currently the 4th largest wind power market globally, with the government aggressively aiming to achieve 100 GW from wind energy by 2030, presenting massive structural tailwinds.
- As wind turbine technologies evolve to capture lower wind speeds, there is a distinct shift towards taller towers and heavier nacelles, necessitating precision heavy fabrication capabilities.
- The repowering of older, less efficient wind farms with newer, high-capacity turbines creates a sustained secondary demand market for structural components.
Market trends
- The manufacturing of wind turbine towers requires highly capital-intensive infrastructure and precision welding capabilities, establishing steep barriers to entry for unorganised players.
- Tower manufacturers rely heavily on long-term vendor approvals from Original Equipment Manufacturers (OEMs), creating sticky, recurring B2B relationships.
- Geographic proximity to high wind-potential corridors (such as Gujarat and Karnataka) and accessible transport logistics remain critical operational advantages.
What Are The Strengths and Potential Risks of Anawil Wire & Engineering IPO?
Strengths:
- Robust Order Book: As of March 2026, the company possesses unexecuted orders from 6 customers aggregating to a substantial ₹359.81 crores, ensuring clear near-term revenue visibility.
- High Margins: Operating leverage and in-house manufacturing capabilities resulted in an exceptional EBITDA margin of 42.64% and a PAT margin of 25.57% in FY26.
- Industry Tailwinds: Positioned within the rapidly expanding renewable energy sector, the firm stands to benefit directly from national wind capacity expansion targets.
Risks:
- Customer Concentration: The business is heavily reliant on a few key clients, with the top 5 customers contributing 78.75% of FY26 revenues.
- High Financial Leverage: Total borrowings reached ₹128.25 crores in FY26 to fund capital expenditures, necessitating the allocation of ₹115.00 crores from IPO proceeds specifically for debt reduction.
- Supplier Concentration: The top 10 suppliers accounted for 90.11% of material purchases in FY26, exposing margins to supply chain disruptions and raw material price volatility.
Important IPO Resources:
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
4. IPO Glossary: 100+ Important Terms Every Investor Should Know
5. June 2026 IPO Subscription Review: 25 IPOs Data, Demand Patterns & Key Trends
6. Q3 FY26 IPO Performance Report: 3-Month, 6-Month, 9-Month & 1-Year Post-Listing Returns Analysis
Key Considerations for Investors
- Debt Reduction Plan: The company is highly leveraged (₹128.25 crores in FY26 borrowings); however, ₹115.00 crores from the fresh issue proceeds are specifically earmarked to aggressively deleverage the balance sheet.
- Concentration Risks: Operations are highly concentrated, with the top 5 customers generating 78.75% of revenues and the top 10 suppliers making up 90.11% of material purchases.
- Exceptional Margins: Despite the capital-intensive nature of the business, the company reported a massive EBITDA margin of 42.64% and an EPS of ₹19.13 in FY26.
- Order Book Visibility: With unexecuted orders totalling ₹359.81 crores as of March 2026, the firm possesses strong short-to-medium-term revenue predictability.
Key Takeaways
- IPO Price Band: ₹257 to ₹270 per equity share
- Lot Size: 400 shares (Minimum retail application of ₹2,16,000 for 2 lots)
- Allotment Date: Allotment on 6 August 2026
- Listing Dates: Listing on NSE SME on 10 August 2026
FAQs on Anawil Wire & Engineering IPO
What is the current unregulated market premium for Anawil Wire & Engineering shares today?
You can see current GMP trends for this SME listing on our GMP tracker. Because this premium is an unofficial market gauge, it changes every day based on buyer interest.
What is Anawil Wire & Engineering IPO price band?
The price band for the initial public offering is set at ₹257 to ₹270 per equity share.
What is Anawil Wire & Engineering IPO allotment date?
The basis of allotment is scheduled to be finalized on August 6, 2026.
How to check Anawil Wire & Engineering IPO allotment status?
The final allotment status will be accessible on the official network of the registrar, Bigshare Services, where investors can log in with their PAN or application ID.
What is Anawil Wire & Engineering IPO listing date?
The proposed listing date for the equity shares on the NSE SME exchange is 10 August 2026.
Investment Perspective on Anawil Wire & Engineering IPO
Anawil Wire & Engineering offers a high-reward, high-risk opportunity within India's booming wind energy sector.
The company boasts a robust ₹359.81 crore unexecuted order book and stellar revenue growth, reaching ₹143.26 crores in FY26.
However, this aggressive expansion is offset by severe concentration risks, including heavy reliance on key suppliers and a single business segment.
Furthermore, the complete absence of listed peers makes fair valuation exceptionally challenging for prospective investors.
Disclaimer:
This content provides a general market overview rather than official financial advice. Investors should verify their choices with a registered SEBI expert before committing capital.
