Anand Seamless IPO

Anand Seamless, incorporated in 2005, manufactures and exports seamless tubes, pipes and finned tubes. Its products serve automobile, heat-exchanger, petroleum, pharmaceutical and chemical companies; oil and gas refineries; thermal and nuclear power plants; boiler makers; textile machinery; railways and transportation; and defence customers.

The company operates an integrated manufacturing model covering cold drawing, heat treatment, auto cutting, eddy-current testing, laser-based fin welding and other in-house fin-tube processes. It operates from its owned 10,403 sq. m. facility at Kadi, Gujarat.

The company's approximate annual capacity is 3,000 tonnes for seamless pipes and tubes and 360,000 metres for finned tubes. The capacity utilisation was 74.5% for seamless pipes and tubes and 40.1% for finned tubes in FY26. Finished-goods sales volume increased from 1,843.13 tonnes in FY24 to 2,658.38 tonnes in FY26. In FY26, seamless tubes and pipes contributed 66.74% of revenue from operations; finned tubes contributed 31.30%.

Domestic revenue rose to 94.8% of FY26 revenue from 64.7% in FY24; export revenue fell to 5.1% from 35.2%. Gujarat contributed 54.4% of FY26 revenue, followed by Maharashtra at 17.7%, Madhya Pradesh at 5.7% and Kerala at 4.4%; FY26 export markets included Germany, Saudi Arabia, Oman, the UAE and the USA. Domestic sales are made to end customers and traders/stockists, while exports use traders/stockists, authorised distributors and marketing representatives.