Anubhav Plast IPO 2026: ₹24 Cr issue opens June 19

IPO launch and why it matters

Kanpur-based Anubhav Plast Ltd is set to open its initial public offering (IPO) for subscription on Friday, June 19, 2026. The company aims to raise around ₹24 crore through the public issue, according to a company statement and IPO schedule details shared across market trackers. The offer is scheduled to close on Tuesday, June 23, 2026, and will be listed on the BSE SME platform. The issue is positioned as a book-built SME offering, giving retail, non-institutional and institutional investors a window to participate.

For investors tracking the SME primary market, this offer stands out mainly for its clear fundraising target and defined timeline. The company has indicated that the proceeds are intended for expansion-linked uses, including setting up new manufacturing capacity. With SME issues often being relatively small in size, the details around lot size, minimum application and pricing become especially important for investors evaluating participation.

Offer structure: fresh issue of 30 lakh shares

Anubhav Plast’s IPO is described as a ₹24 crore issue comprising a fresh issue of 30 lakh equity shares. Multiple disclosures also describe the offer as 100% fresh issue, meaning the company is raising capital directly and there is no offer-for-sale portion mentioned in the provided information.

One section of the provided details also states that the IPO constitutes 27.27% of the post-IPO paid-up capital of the company. The offer is being conducted through the book-building route, and the equity shares are planned to be listed on the BSE SME platform.

Price band and key terms

The company has fixed a price band of ₹77 to ₹80 per share. Some IPO trackers also highlight ₹80 as the upper end of the band and display it as the key price point. The face value is stated as ₹10 per share in one of the issue detail summaries.

Lot size and minimum application details appear in multiple forms across the provided text. The base lot size is mentioned as 1,600 shares in several places. Separately, it is also stated that the retail minimum application is 2 lots, or 3,200 shares, and that applications are to be made in multiples of 1,600 shares thereafter. Because these terms drive the minimum cheque size, investors typically rely on the final offer document and broker screens during the bidding window.

IPO dates: open, close, allotment and listing

The subscription window runs from June 19 to June 23, 2026. The basis of allotment is scheduled for June 24, 2026, with refunds and credit of shares shown as June 25, 2026 in the provided timetable. The listing date is indicated as June 29, 2026, subject to completion of the allotment process and approvals.

The bidding cut-off time on the closing day is stated as 5 PM on June 23, 2026. As with most book-built IPOs, bids are placed within the notified price band during market hours through eligible platforms.

Use of proceeds: expansion and manufacturing facility

The company has said the IPO proceeds will be used to support expansion plans, including new manufacturing units and other expansion projects. Another disclosure specifies that the proceeds are directed towards establishing a new manufacturing facility for crash barriers and meeting working capital requirements.

These stated uses suggest the offer is primarily aimed at capacity addition and operational funding, rather than a shareholder exit. For investors, the stated deployment of funds matters because it indicates where incremental capital is expected to be used within the business.

Lead manager and other intermediaries

The IPO is being managed by Capital Square Advisors Pvt Ltd, as stated in the company’s communication and repeated in IPO listings. The registrar is mentioned as Bigshare Services Pvt Ltd in the provided issue summary.

For SME issues, the roles of the lead manager and registrar are operationally important for the issue process, including bidding, allotment, refunds, and credit of shares.

Grey Market Premium (GMP) snapshot

The current Grey Market Premium (GMP) for Anubhav Plast is stated as ₹0 in the provided information. GMP is an unofficial indicator and not an exchange-traded price, but it is commonly tracked by market participants for sentiment. A GMP of ₹0, as shown in the shared data, indicates no premium being reported at that point.

Investor categories and allocation details

The provided text states that the investors’ portion is split as follows: QIB at 50%, NII at 15%, and Retail at 35%. These category allocations determine how bids are bucketed and how oversubscription, if any, is handled within each segment.

Investors typically monitor subscription data across these categories during the offer period to understand demand. However, the provided content does not include any live subscription figures.

Key details at a glance

What investors may track during the bidding window

Investors considering participation generally focus on a few practical checkpoints during the offer period. The first is confirming the applicable minimum application size on the broker platform, given that both 1,600 shares and a 3,200-share retail minimum are referenced in the provided details. The second is the final issue price within the ₹77 to ₹80 band, which will be determined post-book building.

The third is the post-issue timeline, including the June 24 allotment date and the June 29 listing schedule on BSE SME. Separately, market participants often track unofficial indicators like GMP, and the provided data shows it at ₹0 at the time of reporting.

Conclusion

Anubhav Plast Ltd’s ₹24 crore SME IPO opens on June 19, 2026, with a ₹77 to ₹80 price band and a fresh issue of 30 lakh shares. The offer closes on June 23, with allotment scheduled for June 24 and listing planned on BSE SME on June 29. The company has indicated that the proceeds will be used for expansion, including a new manufacturing facility for crash barriers and working capital. The next key milestones will be the close of bidding on June 23 and the finalisation of allotment on June 24.