Anubhav Plast IPO Listed Today: Flat Opening at Rs 80 Gives Way to Rs 76; What Allottees Should Know

The Anubhav Plast IPO listing today on the BSE SME platform has resulted in a flat debut, with shares opening at Rs 80 per share, in line with the issue price, before slipping to Rs 76 in early trade, a decline of approximately 5% from the issue price. The Anubhav Plast IPO listing performance is broadly in line with the pre-listing grey market premium of nil, which had already signalled a flat-to-weak opening for this Rs 24 crore BSE SME issue.

The Anubhav Plast IPO listing comes after the issue was subscribed 1.5 times overall during its subscription window, reflecting modest investor demand consistent with the nil GMP and the company’s relatively small scale. The stock reached a session high of Rs 80 at open before selling pressure pushed it to Rs 76, a 5% decline from the issue price at current levels. Allottees and investors tracking the Anubhav Plast IPO listing should evaluate the listing price alongside company fundamentals before taking any action.

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Anubhav Plast IPO Listing: Live Price and Key Details

Listing Metric	Details
Issue Price	Rs 80 per share (upper price band)
Opening Price (BSE SME)	Rs 80.00 (flat opening at issue price)
Current Price (BSE SME)	Rs 76.00 (-5.00% from issue price)
Session High	Rs 80.00
Session Low	Rs 76.00
Pre-Listing GMP	Rs 0 (nil)
Overall Subscription	1.5x
Issue Size	Rs 24 crore (100% fresh issue)
Price Band	Rs 77-80 per share
Lot Size	1,600 shares (minimum 2 lots for retail)
Exchange	BSE SME
Lead Manager	Capital Square Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt. Ltd.

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Anubhav Plast IPO Listing: Why Did It Open Flat and Slip Below Issue Price?

The Anubhav Plast IPO listing performance reflects two key factors. First, the pre-listing grey market premium was nil, which accurately signalled that informal market participants were not pricing in any premium above the issue price. A nil GMP heading into listing day is a reliable signal of limited speculative demand in the grey market, though it is an unofficial and unregulated indicator. Second, the subscription of 1.5x overall, while enough to ensure full subscription, indicates modest demand without significant institutional or HNI oversubscription that would typically support a positive listing bounce.

The current trading at Rs 76 represents a 5% discount to the issue price of Rs 80. For BSE SME stocks, listing day volatility can be amplified by the smaller float and lower market depth compared to mainboard listings. Anubhav Plast allottees who received shares at Rs 80 should note that the stock is currently trading below cost and decisions on whether to hold or exit should be based on the company’s fundamentals and individual risk tolerance.

About Anubhav Plast Limited

Incorporated in 1987 and headquartered in Kanpur Dehat, Uttar Pradesh, Anubhav Plast Limited is a manufacturer of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, as well as swaged steel tubular poles, under the ANUBHAV brand. The company’s products carry ISI certification marks and serve electricity transmission and distribution, street lighting, telecom infrastructure, construction, irrigation, water supply, general engineering and fabrication sectors. It operates two manufacturing facilities in Kanpur with installed capacity of 7,500 MT per month for ERW steel pipes and 12,500 units per month for steel tubular poles. As of the latest filing, Anubhav Plast had 35 employees and was executing orders for electricity board projects across Jammu and Kashmir and Himachal Pradesh, among other states. The company plans to expand into crash barriers and solar panel structures components using the IPO proceeds.

Anubhav Plast Financial Performance Overview

Financial Metric	Value
Revenue (FY25)	Rs 98.31 crore
Revenue (FY24)	Rs 87.41 crore
EBITDA (FY25)	Rs 12.18 crore
Profit After Tax (FY25)	Rs 6.00 crore
Profit After Tax (FY24)	Rs 2.08 crore
Revenue Growth YoY	+12.5% (FY24 to FY25)
PAT Growth YoY	+188% (FY24 to FY25)
Business Model	B2B and B2G (government tender based)

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Anubhav Plast IPO Listing: What Should Allottees Do?

Investors who received allotment in the Anubhav Plast IPO at Rs 80 are currently facing a paper loss of approximately 5% at the current price of Rs 76. For short-term investors who applied purely for listing gains, the Anubhav Plast IPO listing performance offers no gain at current levels, and the nil GMP signal was an early warning of this outcome.

For long-term investors, Anubhav Plast’s fundamental case rests on its nearly four-decade operating history, strong PAT growth from Rs 2.08 crore to Rs 6.00 crore between the last two reported financial years, its expansion into new segments like crash barriers and solar panel structures, and its established government tender business across multiple Indian states. However, the company’s small size, limited employee base of 35, single-state manufacturing concentration and BSE SME listing liquidity risk are key concerns for long-term holders. Always consult a SEBI-registered financial advisor before making any listing day decisions.

Key Risks for Anubhav Plast Post Listing

The primary risk post the Anubhav Plast IPO listing is raw material cost vulnerability to HR coil (hot rolled steel) price cycles, which directly impact margins on ERW steel pipe manufacturing. The company’s revenue concentration in government and semi-government projects means any delay or cancellation of tenders from state electricity boards or infrastructure departments can create revenue volatility. With only 35 employees as of the latest filing, key personnel risk is also elevated. BSE SME listed stocks typically have low post-listing trading volumes, which can make it difficult for investors to exit large positions at desired prices.

Conclusion: Anubhav Plast IPO Listing Today

The Anubhav Plast IPO listing today on the BSE SME platform has resulted in a flat opening at Rs 80 followed by a slide to Rs 76, in line with the nil pre-listing GMP. The issue price was Rs 80 and the company raised Rs 24 crore through a fresh issue. Investors who received allotment should evaluate the listing price against their investment objectives and risk tolerance. For tracking the Anubhav Plast share price live on the BSE SME platform, use the Univest Screener for real-time data and company fundamentals. All investment decisions should be made in consultation with a SEBI-registered financial advisor.

Frequently Asked Questions on Anubhav Plast IPO Listing

What is the Anubhav Plast IPO listing price today?

Ans. Anubhav Plast IPO listed today on the BSE SME platform with an opening price of Rs 80, in line with the issue price of Rs 80. The stock subsequently fell to Rs 76, representing a 5% discount to the issue price, reflecting the nil pre-listing GMP and modest subscription of 1.5x. The session high was Rs 80 and low was Rs 76.

What is Anubhav Plast’s business and product portfolio?

Ans. Anubhav Plast Limited, incorporated in 1987 and based in Kanpur Dehat, Uttar Pradesh, manufactures Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections and swaged steel tubular poles under the ANUBHAV brand. Products carry ISI certification and serve electricity transmission, street lighting, telecom infrastructure, construction, irrigation, water supply and general engineering sectors.

How much was the Anubhav Plast IPO subscribed?

Ans. The Anubhav Plast IPO was subscribed 1.5 times overall during its subscription period. This modest oversubscription level indicated limited excess demand beyond the issue size, which was consistent with the nil grey market premium and ultimately resulted in a flat-to-weak listing day performance at the current price of Rs 76.

What should Anubhav Plast IPO allottees do on listing day?

Ans. Anubhav Plast IPO allottees who received shares at the issue price of Rs 80 are facing a 5% paper loss at the current listing price of Rs 76. Investors with a short-term view looking for listing gains have limited gains available at current prices. Long-term investors should evaluate the company’s fundamentals, including its strong PAT growth and government project pipeline, against BSE SME listing liquidity risk before deciding to hold. Consult a SEBI-registered financial advisor before taking any listing day action.

What was the Anubhav Plast IPO GMP before listing?

Ans. The Anubhav Plast IPO GMP was nil (Rs 0) ahead of listing, indicating no grey market premium above the issue price of Rs 80. A nil GMP is an unofficial informal signal that suggested flat listing expectations. The actual listing at Rs 80 followed by a slip to Rs 76 was broadly in line with what a nil pre-listing GMP typically signals.

On which exchange is Anubhav Plast listed and how liquid is it?

Ans. Anubhav Plast is listed on the BSE SME platform. BSE SME stocks typically have lower secondary market liquidity than mainboard stocks. Daily trading volumes can be thin, especially in the weeks after listing, and investors may find it difficult to execute large orders without moving the market price. This liquidity risk should be factored into any holding decision post the Anubhav Plast IPO listing.