ANB Metal Cast IPO vs ARC Insulation IPO

Comparison between ANB Metal Cast IPO and ARC Insulation IPO.

IPO Details

ANB Metal Cast IPO is a SME Bookbuilding IPO proposed to list at NSE SME while ARC Insulation IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of ANB Metal Cast IPO is up to ₹46.80 Cr whereas the issue size of the ARC Insulation IPO is up to ₹39.13 Cr. The final issue price of ANB Metal Cast IPO is ₹156.00 per share and of ARC Insulation IPO is ₹125.00 per share.

 ANB Metal Cast IPOARC Insulation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹148.00 per share₹119.00 per share
Issue Price (Upper)₹156.00 per share₹125.00 per share
Issue Price (Final)₹156.00 per share₹125.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size800 shares1000 shares
Fresh Issue Size30,00,000 shares28,80,000 shares
Fresh Issue Size (Amount)up to ₹46.80 Crup to ₹36.00 Cr
OFS Issue Size0 shares2,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.13 Cr
Issue Size Total30,00,000 shares31,30,000 shares
Issue Size Total (Amount)up to ₹46.80 Crup to ₹39.13 Cr

IPO Timetable

ANB Metal Cast IPO opens on Aug 08, 2025, while ARC Insulation IPO opens on Aug 21, 2025. The closing date of ANB Metal Cast IPO and ARC Insulation IPO is Aug 12, 2025, and Aug 25, 2025, respectively.

 ANB Metal Cast IPOARC Insulation IPO
Anchor Bid DateAug 07, 2025Aug 20, 2025
Issue OpenAug 08, 2025Aug 21, 2025
Issue CloseAug 12, 2025Aug 25, 2025
Basis Of Allotment (Tentative)Aug 13, 2025Aug 26, 2025
Initiation of Refunds (Tentative)Aug 14, 2025Aug 28, 2025
Credit of Share (Tentative)Aug 14, 2025Aug 28, 2025
Listing date (Tentative)Aug 18, 2025Aug 29, 2025
Anchor Lockin End date 1Sep 12, 2025Sep 28, 2025
Anchor Lockin End date 2Nov 11, 2025Nov 28, 2025

Financials & KPIs

ANB Metal Cast IPO P/E ratio is 13.15, as compared to ARC Insulation IPO P/E ratio of 10.58.

 ANB Metal Cast IPOARC Insulation IPO
Financials

Company Financials (Restated)

ANB Metal Cast Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets98.0563.5844.02
Total Income162.64112.1584.28
Profit After Tax10.255.341.85
EBITDA17.4710.713.15
NET Worth33.9710.675.37
Reserves and Surplus25.337.672.37
Total Borrowing34.3334.1315.92
Amount in ₹ Crore

Company Financials (Restated)

ARC Insulation & Insulators Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 40% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets39.3022.4218.27
Total Income33.1528.8324.48
Profit After Tax8.576.102.64
EBITDA12.509.054.29
NET Worth25.2212.456.35
Reserves and Surplus17.9710.744.64
Total Borrowing5.972.785.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.4994.48
Promoter Shareholding (Post-Issue)66.7564.11
P/E Ratio13.1510.58
Market Cap₹184.62 Cr.₹128.72 Cr.
ROE45.91%45.47%
ROCE24.13%49.84%
Debt/Equity1.010.24
EPS₹11.87₹11.81
RoNW45.91%45.47%

Shares Offered

In the ANB Metal Cast IPO Retail Individual Investors (RII) are offered 10,51,200 shares while in ARC Insulation IPO retail investors are offered 10,51,200 shares. Qualified Institutional Buyers (QIB) are offered 5,99,200 shares in ANB Metal Cast IPO and 6,26,000 shares in ARC Insulation IPO.

 ANB Metal Cast IPOARC Insulation IPO
Anchor Investor Reservation8,98,400 shares9,37,000 shares
Market Maker Reservation2,00,000 shares1,65,000 shares
QIB5,99,200 shares6,26,000 shares
NII4,51,200 shares4,71,000 shares
RII10,51,200 shares10,96,000 shares
Employee0 shares0 shares
Others
Total30,00,000 shares31,30,000 shares

Bids Received (Subscription)

ANB Metal Cast IPO subscribed 2.22x in total, whereas ARC Insulation IPO subscribed 18.71x.

 ANB Metal Cast IPOARC Insulation IPO
QIB (times)1.04x15.12x
NII (times)4.29x26.84x
Big NII (times)6.29x29.26x
Small NII (times)2.96x22.01x
RII (times)2.39x17.27x
Employee (times)
Other (times)
Total (times)2.22x18.71x

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