Anubhav Plast Ltd IPO

Status: Closed

Overview

IPO date

19 Jun 2026 to 23 Jun 2026

Face value

₹ 10 per share

Price

₹ 77 to ₹80 per share

Issue Size

3,000,000 shares
(aggregating up to ₹ 24 Cr)

Allotment Date

24 Jun 2026

Listing at

NSE

Issue type

Book Building - SME

Sector

Steel

Anubhav Plast Limited was incorporated on January 1, 1987, as a private limited Company, which transitioned into a public limited Company on January 8, 2025 by the Registrar of Companies, Central Processing Centre. The Company is engaged in the manufacturing of Electric Resistance Welding (ERW) steel pipes and tubes in various shapes and sizes, along with Swaged Steel Tubular Poles under the 'ANUBHAV' brand. It primarily source our Hot-Rolled Steel Coil (HR Coil) requirements from a 'Navratna' Public Sector Undertaking (PSU), which is one of the major producers of hot rolled coil sheets in India. These products work with the diverse sectors including electricity transmission, street lighting, telecom, irrigation, water supply, construction, and general engineering. Company initially began operations with a single plant for manufacturing Swaged Steel Tubular Poles as per IS:2713 standards. Over the last three decades, it has developed a strong presence in this segment, supplying poles to various State Electricity Boards and private cliental. The Company installed two tube mills for manufacturing ERW steel pipes and tubes in various shapes and sizes as per standards such as IS:1161, IS:4270, IS:4923, IS:3589, IS:2713, and IS:9295 under the Bureau of Indian Standards Act, 2016. Currently, Company operates 2 manufacturing units in Kanpur Dehat, Uttar Pradesh: Unit I manufacture both ERW pipes and poles, while Unit II works in pole production. The Company's installed capacities stand at 90,000 MTPA for ERW pipes and 1,50,000 units per annum for poles. A notable project includes the timely supply of 3,510 swaged steel tubular poles for the 2025 Mahakumbh Mela. It provides value-added services like galvanization through third-party vendors and is exploring diversification into scaffolding pipes, automotive components, solar structures, and crash barriers. Company is planning its initial public offer of 30,00,000 Equity Shares of face value of Rs 10 each through Fresh Issue.

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T&C*

Strengths vs Risks of Anubhav Plast Ltd

Know the pros & cons

Strengths

Founder led company supported by a highly experienced and professional management team with proven project management and implementation skills.
Growth opportunities in existing facilities and diversification into new products.
Ability to serve diverse customer needs.
Cost efficient sourcing and locational advantage.
Brand recall and established track record.
Existing client and supplier relationships.
Quality Assurance and Quality Control of our products.

Risks

The company derives a significant portion of its revenue from private cliental's and government; any adverse changes in such procurement policies or the company ability to secure such contracts may adversely affect its business, financial condition, and results of operations.
Certain immediate relatives of the company Promoters, who is deemed to be part of the Promoter Group under the SEBI (ICDR) Regulations, 2018, has not provided the requisite information, and its disclosure regarding them is based only on publicly available information.
The company has entered into related party transactions with its Group Company, Anubhav Tubes & Conductors Private Limited ("ATCPL"), which is also one of the company major customers. While such transactions is undertaken on an arm's-length basis and in the ordinary course of business, any change in this relationship or the terms of such transactions may adversely affect the company business, financial condition, results of operations, and prospects.
The company capacity utilization for pipe manufacturing is dependent on orders for poles, and any reduction or delay in such orders may affect its operations.
The Company derives a significant portion of revenue from manufacturing of ERW Steel Pipes and Steel Tubular Poles. The company is in the process of expanding into related segments such as crash barriers and solar panel structures components. Any reduction in the sale of such products could has an adverse effect on the business, results of operations and financial condition.
A significant portion of the company revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for its products could negatively impact the company business, operating results, financial condition, and cash flows.
The Company is dependent on few suppliers for purchase of raw materials. Loss of any of these large suppliers may affect its business operations adversely.
There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on its or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
The company manufacturing operations is concentrated in a single geographic region, and any adverse developments in this region, or inability to competitively serve other regions, could disrupt its business operations and adversely affect the company financial performance.
The Company has not obtained Consent to Establish ("CTE") for the proposed expansion within its existing manufacturing facilities, based on the company classification under the White Category, and any adverse regulatory interpretation could affect its operations which could expose the company to regulatory actions if the applicable authorities take a view contrary to the legal opinions relied upon by its.
The Company had negative operating cash flow in recent fiscals, details of which is given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
The company is dependent on Hot-Rolled Steel Coils (HR Coils) as its primary raw material, and any disruption in their supply or increase in prices may adversely affect the company business, financial condition, and results of operations.
The company has in the past entered into related party transactions and may continue to does so in the future, and certain related party disclosures were subsequently revised.
The company logo registration ANUBHAV status is currently under process and status of trademark of the word "APPL" is opposed presently. Failures to obtain the trademark registration could lead to difficulties in identification or mistaken association if the trademark is not officially registered under its name. This could potentially result in brand confusion, loss of market recognition, and legal challenges.
The company business operations is inherently working capital intensive, and any inability to maintain adequate working capital may adversely affect the company business, financial condition, results of operations and cash flows.
There has been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in penalties.
Delays in execution or timely completion of work orders may adversely affect the company business operations, customer relationships, financial condition, and reputation.
Increases in the prices of raw material or volatility in the supply and pricing of the company raw material, failures by suppliers to meet their obligations for its operations could adversely affect the company business and results of operations.
The company EBITDA margin and Profit After Tax (PAT) margin has fluctuated in the past and may vary in the future, which could affect its financial performance and valuation.
The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
Reliance on third-party transportation providers for finished goods and the potential impact of transportation disruption.
The company past performance may not be indicative of its future growth. An inability to effectively manage the company growth and expansion may has a material adverse effect on its business prospects and future financial performance.
The company business operations is dependent on its qualified professionals and skilled workforce. Departure of any such professionals or the company ability to attract and retain them could adversely its business, operations and financial condition.
The company has not obtained lender NOCs for its unsecured loans owing to the absence of restrictive covenants in the company Sanction letter, loan agreements, welcome letters, and/or repayment schedules issued by the respective lenders. Such non-availability of lender NOCs may affect its financing, litigations and corporate actions.
Few of the company Promoter/Directors has provided personal guarantees for loan facilities obtained by its Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company business and operations.
The company has a high total debt equity ratio.
The company is dependent on its manufacturing unit and any disruption, slowdown or shutdown of the company manufacturing units may restrict its operations and adversely affect the company business and financial condition.
The company revenue is concentrated in a limited product range and with a concentrated customer base, and any reduction in demand for such products or loss of major customers may adversely affect its business, financial condition, and results of operations.
The company has significant indebtedness, which may limit its financial flexibility, increase the company financing costs, and could has an adverse impact on the company business, results of operations, and financial condition.
Failures to comply with environmental laws and regulations by its could lead to unforeseen environmental litigation which could impact the company business and its future net earnings.
The company is subject to restrictive covenants under its financing agreements that could limit the company flexibility in managing its business or to use bank balance or other assets. Any defaults may adversely affect the company cash flows, business, results of operations and financial condition.
The company management will has broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
The company ongoing capacity and product expansion initiatives may be subject to implementation risks, underutilization, or lack of market acceptance, which may adversely impact its business, financial condition, and results of operations.
The Company operates under certain statutory and regulatory approvals for the operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect its business and results of operations.
One of the company Senior Management has been unable to trace her degree certificate, which may affect the verification of her educational qualifications.
The company may not be sufficiently protected or insured for certain losses that its may incur or claims that the company may faces against its.
The Company has availed unsecured loans which is repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
The company may requires financing to support its current operations, expansion plans or adapt to changes in business conditions, but its may not be able to obtain additional financing on favorable terms or at all. The company inability to obtain additional financing on acceptable terms and in a timely manner could adversely affect its business, results of operations, profitability and margins, cash flows and financial condition.
Certain properties has been leased by its from U.P State Industrial Development Corporation Limited. In the event that the company lose such rights or is required to renegotiate arrangements for such rights, the company business results of operations, profitability and margins, cash flows and financial condition could be adversely affected.
The company does not has long-term agreements/contract with its customers. If a significant number of the company customers choose not to place long-term purchase orders with its Company or may choose to terminate the company contracts if market price drops drastically, its business, financial condition and results of operations may be adversely affected.
The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
The company business operations may be materially & adversely affected by strikes, work stoppages or increased wages demands by its employees or those of the company suppliers.
The steel industry is cyclical in nature and subject to price volatility, global trade risks, and changes in demand patterns, which may materially and adversely affect the company business, results of operations, and financial condition.
The Company has significant power requirements and any disruption to power sources could increase production costs and adversely affect business, financial condition, cash flows and results of operations.
The Company has working capital requirements and may requires additional capital and financing in the future and operations could be curtailed if the Company is unable to obtain the required additional capital and financing when needed.
Funding requirements and proposed deployment of the Net Proceeds of the Issue has not been appraised by a bank or a financial institution and if there are any delays or cost overruns, business, cash flows, financial condition and results of operations may be adversely affected.
Fraud, theft, employee negligence or similar incidents may adversely affect results of operations and cash flows.
Technology failures could disrupt operations and adversely affect business operations and financial performance.
The Company may undertake acquisitions, investments, joint ventures or other strategic alliances, which may has a material adverse effect on ability to manage business, and such undertakings may be unsuccessful.
Any significant delay in receiving plant, equipment and machinery could impact business, operations, cash flows and financial conditions.
Promoters and Directors hold Equity Shares in Company and is therefore interested in Company's performance in addition to their remuneration and reimbursement of expenses.
Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
None of Directors has any prior experience of being a director in any other listed company in India.
Inability to collect receivables from customers or default in payment by them could result in the reduction of profits and affect cash flows.
The Company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failures to derives the desired benefits from product development efforts may impact competitiveness and profitability.
Safety protocols and programs is developed, implemented and improved. A significant disruption at the company manufacturing facilities may adversely affect production schedules, costs, sales and ability to meet customer demand.
If the Company is unable to establish and maintain an effective system of internal controls and compliances business and reputation could be adversely affected.
The Company may requires additional equity or debt in the future in order to continue to grow business, which may not be available on favorable terms or at all.
Failures to successfully implement its business strategies may materially and adversely affect the company business, prospects, financial condition and results of operations.
Any adverse change in regulations governing the company products and the products of its customers, may adversely impact the company business prospects and results of operations.
The company lenders has charge over its movable and immovable properties in respect of finance availed by the company.
If the company is unable to manage its growth or execute the company strategies effectively, its business plan and expansion may not be successful, and its business and prospects may be adversely affected.
The average cost of acquisition of Equity Shares by the company Promoter is lower than the Issue Price.
Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The Company has not placed orders of plant & machinery for its proposed object as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machinery may delay the company implementation schedule and may also lead to increase in price of these plant & machinery and equipment's, further affecting its revenue and profitability.
Information relating to the installed capacity, actual production and capacity utilization of the company assembling and manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity may vary.
Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
The company success depends heavily upon its Promoter, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support who is also the natural person in control of the Company.
There is an excessive dependence on few lenders in respect of loan facilities obtained by the Company.
Certain data mentioned in this Red Herring Prospectus has not been independently verified.
The requirements of being a public listed company may strain the company resources and impose additional requirements.
The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
The company encounter competition from other steel tubes and pipes manufacturers, and its inability to compete effectively could materially and adversely affect the company business and results of operations.
Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may has an adverse effect on the value of the company Equity Shares, independent of its operating results.
Foreign investors is subject to foreign investment restrictions under Indian law that limits the company ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
QIB and Non-Institutional Investors is not permitted to withdraw or lower their Application (in terms of quantity of Equity Shares or the Application Amount) at any stage after submitting an Application.

Anubhav Plast Ltd Peer Comparison

Understand the company’s industry standing

Anubhav Plast Ltd

P S Raj Steels Limited

Face Value

Standalone / Consolidated

Standalone

Total Income Rs. Cr.

98.31

266.31

EPS-Basis

7.5

9.83

EPS-Diluted

7.5

9.83

NAV Per Share

19.44

86.14

P/E-Basic EPS

---

40.53

P/E-Diluted EPS

---

RONW(%)

47.78

11.41

Latest NAV Period

---

Latest NAV

---

Journey for how to check the allotment status

How to check the allotment status of Anubhav Plast Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 19 Jun 2026 & closes on 23 Jun 2026.

Anubhav Plast Ltd IPO will close on 23 Jun 2026.

Founder led company supported by a highly experienced and professional management team with proven project management and implementation skills.
Growth opportunities in existing facilities and diversification into new products.
Ability to serve diverse customer needs.
Cost efficient sourcing and locational advantage.
Brand recall and established track record.
Existing client and supplier relationships.
Quality Assurance and Quality Control of our products.

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Onkar Nath Gupta	3539997	44.25	3539997	32.18
2	Vinamra Gupta	2000000	25	2000000	18.18
3	Bina Gupta	1540000	19.25	1540000	14
4	Tanvi Gupta	920000	11.5	920000	8.36

The company derives a significant portion of its revenue from private cliental's and government; any adverse changes in such procurement policies or the company ability to secure such contracts may adversely affect its business, financial condition, and results of operations.
Certain immediate relatives of the company Promoters, who is deemed to be part of the Promoter Group under the SEBI (ICDR) Regulations, 2018, has not provided the requisite information, and its disclosure regarding them is based only on publicly available information.
The company has entered into related party transactions with its Group Company, Anubhav Tubes & Conductors Private Limited ("ATCPL"), which is also one of the company major customers. While such transactions is undertaken on an arm's-length basis and in the ordinary course of business, any change in this relationship or the terms of such transactions may adversely affect the company business, financial condition, results of operations, and prospects.
The company capacity utilization for pipe manufacturing is dependent on orders for poles, and any reduction or delay in such orders may affect its operations.
The Company derives a significant portion of revenue from manufacturing of ERW Steel Pipes and Steel Tubular Poles. The company is in the process of expanding into related segments such as crash barriers and solar panel structures components. Any reduction in the sale of such products could has an adverse effect on the business, results of operations and financial condition.
A significant portion of the company revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for its products could negatively impact the company business, operating results, financial condition, and cash flows.
The Company is dependent on few suppliers for purchase of raw materials. Loss of any of these large suppliers may affect its business operations adversely.
There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on its or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
The company manufacturing operations is concentrated in a single geographic region, and any adverse developments in this region, or inability to competitively serve other regions, could disrupt its business operations and adversely affect the company financial performance.
The Company has not obtained Consent to Establish ("CTE") for the proposed expansion within its existing manufacturing facilities, based on the company classification under the White Category, and any adverse regulatory interpretation could affect its operations which could expose the company to regulatory actions if the applicable authorities take a view contrary to the legal opinions relied upon by its.
The Company had negative operating cash flow in recent fiscals, details of which is given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
The company is dependent on Hot-Rolled Steel Coils (HR Coils) as its primary raw material, and any disruption in their supply or increase in prices may adversely affect the company business, financial condition, and results of operations.
The company has in the past entered into related party transactions and may continue to does so in the future, and certain related party disclosures were subsequently revised.
The company logo registration ANUBHAV status is currently under process and status of trademark of the word "APPL" is opposed presently. Failures to obtain the trademark registration could lead to difficulties in identification or mistaken association if the trademark is not officially registered under its name. This could potentially result in brand confusion, loss of market recognition, and legal challenges.
The company business operations is inherently working capital intensive, and any inability to maintain adequate working capital may adversely affect the company business, financial condition, results of operations and cash flows.
There has been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in penalties.
Delays in execution or timely completion of work orders may adversely affect the company business operations, customer relationships, financial condition, and reputation.
Increases in the prices of raw material or volatility in the supply and pricing of the company raw material, failures by suppliers to meet their obligations for its operations could adversely affect the company business and results of operations.
The company EBITDA margin and Profit After Tax (PAT) margin has fluctuated in the past and may vary in the future, which could affect its financial performance and valuation.
The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
Reliance on third-party transportation providers for finished goods and the potential impact of transportation disruption.
The company past performance may not be indicative of its future growth. An inability to effectively manage the company growth and expansion may has a material adverse effect on its business prospects and future financial performance.
The company business operations is dependent on its qualified professionals and skilled workforce. Departure of any such professionals or the company ability to attract and retain them could adversely its business, operations and financial condition.
The company has not obtained lender NOCs for its unsecured loans owing to the absence of restrictive covenants in the company Sanction letter, loan agreements, welcome letters, and/or repayment schedules issued by the respective lenders. Such non-availability of lender NOCs may affect its financing, litigations and corporate actions.
Few of the company Promoter/Directors has provided personal guarantees for loan facilities obtained by its Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company business and operations.
The company has a high total debt equity ratio.
The company is dependent on its manufacturing unit and any disruption, slowdown or shutdown of the company manufacturing units may restrict its operations and adversely affect the company business and financial condition.
The company revenue is concentrated in a limited product range and with a concentrated customer base, and any reduction in demand for such products or loss of major customers may adversely affect its business, financial condition, and results of operations.
The company has significant indebtedness, which may limit its financial flexibility, increase the company financing costs, and could has an adverse impact on the company business, results of operations, and financial condition.
Failures to comply with environmental laws and regulations by its could lead to unforeseen environmental litigation which could impact the company business and its future net earnings.
The company is subject to restrictive covenants under its financing agreements that could limit the company flexibility in managing its business or to use bank balance or other assets. Any defaults may adversely affect the company cash flows, business, results of operations and financial condition.
The company management will has broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
The company ongoing capacity and product expansion initiatives may be subject to implementation risks, underutilization, or lack of market acceptance, which may adversely impact its business, financial condition, and results of operations.
The Company operates under certain statutory and regulatory approvals for the operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect its business and results of operations.
One of the company Senior Management has been unable to trace her degree certificate, which may affect the verification of her educational qualifications.
The company may not be sufficiently protected or insured for certain losses that its may incur or claims that the company may faces against its.
The Company has availed unsecured loans which is repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
The company may requires financing to support its current operations, expansion plans or adapt to changes in business conditions, but its may not be able to obtain additional financing on favorable terms or at all. The company inability to obtain additional financing on acceptable terms and in a timely manner could adversely affect its business, results of operations, profitability and margins, cash flows and financial condition.
Certain properties has been leased by its from U.P State Industrial Development Corporation Limited. In the event that the company lose such rights or is required to renegotiate arrangements for such rights, the company business results of operations, profitability and margins, cash flows and financial condition could be adversely affected.
The company does not has long-term agreements/contract with its customers. If a significant number of the company customers choose not to place long-term purchase orders with its Company or may choose to terminate the company contracts if market price drops drastically, its business, financial condition and results of operations may be adversely affected.
The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
The company business operations may be materially & adversely affected by strikes, work stoppages or increased wages demands by its employees or those of the company suppliers.
The steel industry is cyclical in nature and subject to price volatility, global trade risks, and changes in demand patterns, which may materially and adversely affect the company business, results of operations, and financial condition.
The Company has significant power requirements and any disruption to power sources could increase production costs and adversely affect business, financial condition, cash flows and results of operations.
The Company has working capital requirements and may requires additional capital and financing in the future and operations could be curtailed if the Company is unable to obtain the required additional capital and financing when needed.
Funding requirements and proposed deployment of the Net Proceeds of the Issue has not been appraised by a bank or a financial institution and if there are any delays or cost overruns, business, cash flows, financial condition and results of operations may be adversely affected.
Fraud, theft, employee negligence or similar incidents may adversely affect results of operations and cash flows.
Technology failures could disrupt operations and adversely affect business operations and financial performance.
The Company may undertake acquisitions, investments, joint ventures or other strategic alliances, which may has a material adverse effect on ability to manage business, and such undertakings may be unsuccessful.
Any significant delay in receiving plant, equipment and machinery could impact business, operations, cash flows and financial conditions.
Promoters and Directors hold Equity Shares in Company and is therefore interested in Company's performance in addition to their remuneration and reimbursement of expenses.
Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
None of Directors has any prior experience of being a director in any other listed company in India.
Inability to collect receivables from customers or default in payment by them could result in the reduction of profits and affect cash flows.
The Company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failures to derives the desired benefits from product development efforts may impact competitiveness and profitability.
Safety protocols and programs is developed, implemented and improved. A significant disruption at the company manufacturing facilities may adversely affect production schedules, costs, sales and ability to meet customer demand.
If the Company is unable to establish and maintain an effective system of internal controls and compliances business and reputation could be adversely affected.
The Company may requires additional equity or debt in the future in order to continue to grow business, which may not be available on favorable terms or at all.
Failures to successfully implement its business strategies may materially and adversely affect the company business, prospects, financial condition and results of operations.
Any adverse change in regulations governing the company products and the products of its customers, may adversely impact the company business prospects and results of operations.
The company lenders has charge over its movable and immovable properties in respect of finance availed by the company.
If the company is unable to manage its growth or execute the company strategies effectively, its business plan and expansion may not be successful, and its business and prospects may be adversely affected.
The average cost of acquisition of Equity Shares by the company Promoter is lower than the Issue Price.
Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The Company has not placed orders of plant & machinery for its proposed object as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machinery may delay the company implementation schedule and may also lead to increase in price of these plant & machinery and equipment's, further affecting its revenue and profitability.
Information relating to the installed capacity, actual production and capacity utilization of the company assembling and manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity may vary.
Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
The company success depends heavily upon its Promoter, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support who is also the natural person in control of the Company.
There is an excessive dependence on few lenders in respect of loan facilities obtained by the Company.
Certain data mentioned in this Red Herring Prospectus has not been independently verified.
The requirements of being a public listed company may strain the company resources and impose additional requirements.
The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
The company encounter competition from other steel tubes and pipes manufacturers, and its inability to compete effectively could materially and adversely affect the company business and results of operations.
Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may has an adverse effect on the value of the company Equity Shares, independent of its operating results.
Foreign investors is subject to foreign investment restrictions under Indian law that limits the company ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
QIB and Non-Institutional Investors is not permitted to withdraw or lower their Application (in terms of quantity of Equity Shares or the Application Amount) at any stage after submitting an Application.

The Issue type of Anubhav Plast Ltd is Book Building - SME.

The minimum application for shares of Anubhav Plast Ltd is 3200.

The total shares issue of Anubhav Plast Ltd is 3000000.

Initial public offering of 30,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Anubhav Plast Limited ("Anubhav" or "the Company" or "the Issuer") for cash at a price of Rs. 80 per equity share (including a securities premium of Rs. 70 per equity share) (the "Issue Price") aggregating to Rs. 24 Crores ("the Issue") of which 1,50,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 80 per equity share including a premium of Rs. 70 per equity share aggregating to Rs. 1.20 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 28,49,600 equity shares of face value of Rs. 10/- each at an issue price of Rs. 80 per equity share including a premium of Rs. 70 per equity share aggregating upto Rs. 22.80 Crores ("Net Issue"). The issue and the net issue will constitute 27.72% and 25.91% of the post-issue paid-up equity share capital of the company. Price Band: Rs. 80 per equity share of face value of Rs. 10/- each. The floor price is 8 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Anubhav Plast Ltd IPO

Objectives of Anubhav Plast Ltd IPO