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(04/08/2025 19:10)

ANB Metal Cast announces launch of initial public offering

ANB Metal Cast Ltd. has announced public offering of 3200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 146.00 per share. The gross proceeds of the issue are expected to be Rs 4,992.00 lakhs.

The company's initial public offer (IPO) will open on 08 August 2025 and is expected to close on 12 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 148.00-156.00 per share.

The IPO includes a fresh Issue of 3200000 Equity Shares of the Company at an price of Rs 156.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

ANB Metal Cast Ltd. anticipates using the proceeds of the issue for .

Sun Capital Advisory Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.
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