Anawil Wire and Engineering Ltd launched its initial public offering (IPO) today, aiming to raise ₹178 crore through a mix of fresh capital and Offer for Sale (OFS). The IPO price band is set between ₹257 and ₹270 per equity share. The subscription window will remain open until August 5, 2026, providing investors a limited period to participate in the offering, according to livemint.com.
The company’s shares are currently trading at a grey market premium of ₹90, indicating strong investor interest ahead of the IPO close. This premium has increased by ₹20 compared to the previous trading day’s grey market price of ₹70. The price band and the grey market premium suggest positive market sentiment towards Anawil Wire and Engineering’s public listing, as reported by livemint.com.
The ₹178 crore capital raise positions Anawil Wire and Engineering among mid-sized IPOs in the engineering sector this year. The company’s move to tap public markets comes amid a broader uptick in IPO activity in India’s manufacturing and engineering industries. The grey market premium signals potential listing gains, which could attract further investor attention, according to livemint.com.
The IPO subscription period will close on August 5, 2026, after which the company’s shares are expected to list on stock exchanges. The current grey market premium of ₹90 per share suggests a potential listing gain of around 33%, reflecting investor optimism ahead of the official market debut, as noted by livemint.com.