ANB Metal Cast  IPO GMP & Subscription status

Core Business & Overview

• About: Founded in 2019 and headquartered in Rajkot, Gujarat, ANB Metal Cast Limited specializes in manufacturing high-quality aluminium extrusion products, including motor bodies, solar profiles, round bars, channels, railings, sliding windows, and hardware and kitchen profiles.
• Facilities & Technology: The company operates a modern 50,000 sq ft in-house manufacturing facility equipped with CNC, VMC, CAD/CAM tooling, and die-making capabilities. It also maintains stringent quality control procedures and testing labs.
• Certifications: ANB holds multiple ISO certifications—ISO 9001:2015 (quality), ISO 14001 (environment), and ISO 45001 (health & safety)—underscoring its commitment to quality and responsible operations.

Strengths

ANB Metal Cast’s key strengths include:

1. Diverse & Customizable Offerings: The company serves a wide array of industries (electronics, automotive, solar, architecture, mechanical), offering tailored extrusion solutions via an expanding die inventory.
2. Robust In-house Capabilities: Its ownership of tooling, production, and quality inspection—from design to final product—enables end-to-end control and faster delivery.
3. Quality & Certifications: ISO accreditations and rigorous testing (chemical, mechanical, dimensional, etc.) ensure high reliability and consistency.
4. Experienced Leadership: Led by Promoter & MD Avnishkumar Dhirajlal Gajera, who has over a decade of experience in metals and manufacturing—adding depth to strategic execution.

Potential Risks

• Regional Concentration: Heavy reliance on Gujarat for operations and revenue makes the company vulnerable to localized economic and regulatory shifts.
• Customer & Supplier Dependency: A small number of large customers and a limited supplier base—often without long-term contracts—pose concentration and supply chain risks.
• Raw Material Volatility: Fluctuations in aluminium scrap prices or availability could pressure margins and production continuity.

Competitive Landscape & Regulation: Operating in a crowded industry with regulatory overlays adds pressure on pricing and compliance.

Financial Performance Overview (₹ in Crore)

Revenue

• FY23 to FY24: Revenue grew from ₹84.27 Cr to ₹112.12 Cr — an increase of 33.06%, showing strong sales performance.
• FY24 to FY25: Revenue jumped to ₹162.57 Cr — a growth of 44.99%, indicating robust business expansion.

Profit

• FY23 to FY24: Profit rose from ₹1.85 Cr to ₹5.34 Cr — a 188.65% increase, suggesting better cost control and higher margins.
• FY24 to FY25: Profit reached ₹10.25 Cr — another 91.77% jump, reflecting solid profitability and operational efficiency.

Total

• FY23 to FY24: Assets increased from ₹44.02 Cr to ₹63.58 Cr — a 44.45% rise, likely due to investment in capacity or machinery.
• FY24 to FY25: Grew to ₹98.05 Cr — a 54.26% growth, showing expansion and asset buildup to support increasing operations.

✅ Pros

• Strong revenue and profit growth over the last 3 years.
• In-house manufacturing with ISO-certified quality control.
• Serving diverse industries with customizable aluminium products.
• Expansion-focused IPO with clear fund utilization.
• Experienced promoter with industry background.

❌ Cons

• Business operations are regionally concentrated in Gujarat.
• High dependency on a few customers and suppliers.
• Exposed to fluctuations in raw material (aluminium) prices.
• Competitive and fragmented aluminium industry.
• SME IPO—lower liquidity and higher volatility post-listing.