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ANB Metal Cast IPO vs Oval Projects Engineering IPO

Comparison between ANB Metal Cast IPO and Oval Projects Engineering IPO.

IPO Details

ANB Metal Cast IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Oval Projects Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.

 ANB Metal Cast IPOOval Projects Engineering IPO
LogoANB Metal Cast IPO LogoOval Projects Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersSun Capital Advisory Services Pvt.Ltd.SMC Capitals Ltd.
RegistrarKfin Technologies Ltd.MAS Services Ltd.
Market MakerPure Broking Pvt.Ltd.SMC Global Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 Oval Projects Engineering IPO is up to ₹44.16 Cr. The final issue price of ANB Metal Cast IPO is ₹156.00 per share and of Oval Projects Engineering IPO is ₹85.00 per share.

 ANB Metal Cast IPOOval Projects Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹148.00 per share₹80.00 per share
Issue Price (Upper)₹156.00 per share₹85.00 per share
Issue Price (Final)₹156.00 per share₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size800 shares1600 shares
Fresh Issue Size30,00,000 shares51,95,200 shares
Fresh Issue Size (Amount)up to ₹46.80 Crup to ₹44.16 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,00,000 shares51,95,200 shares
Issue Size Total (Amount)up to ₹46.80 Crup to ₹44.16 Cr

IPO Timetable

ANB Metal Cast IPO opens on Aug 08, 2025, while Oval Projects Engineering IPO opens on Aug 28, 2025. The closing date of ANB Metal Cast IPO and Oval Projects Engineering IPO is Aug 12, 2025, and Sep 01, 2025, respectively.

 ANB Metal Cast IPOOval Projects Engineering IPO
Anchor Bid DateAug 07, 2025Aug 26, 2025
Issue OpenAug 08, 2025Aug 28, 2025
Issue CloseAug 12, 2025Sep 01, 2025
Basis Of Allotment (Tentative)Aug 13, 2025Sep 02, 2025
Initiation of Refunds (Tentative)Aug 14, 2025Sep 03, 2025
Credit of Share (Tentative)Aug 14, 2025Sep 03, 2025
Listing date (Tentative)Aug 18, 2025Sep 04, 2025
Anchor Lockin End date 1Sep 12, 2025Oct 02, 2025
Anchor Lockin End date 2Nov 11, 2025Dec 01, 2025

Financials & KPIs

ANB Metal Cast IPO P/E ratio is 13.15, as compared to Oval Projects Engineering IPO P/E ratio of 13.91.

 ANB Metal Cast IPOOval Projects Engineering IPO
FinancialsEBITDA

Oval Projects Engineering Limited Financial Information (Restated Consolidated)

Oval Projects Engineering Limited's revenue increased by 31% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets156.23103.8082.25
Total Income103.4478.9964.09
Profit After Tax9.334.403.19
EBITDA18.089.893.46
Net Worth55.8833.6717.75
Reserves and Surplus40.6120.0017.68
Total Borrowing53.7032.4132.21
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.4972.19
Promoter Shareholding (Post-Issue)66.7553.07
P/E Ratio13.1513.91
Market Cap₹184.62 Cr.₹176.54 Cr.
ROE45.91%20.85%
ROCE24.13%21.32%
Debt/Equity1.01
EPS₹11.87₹6.11
RoNW45.91%20.85%

Shares Offered

In the ANB Metal Cast IPO Retail Individual Investors (RII) are offered 10,51,200 shares while in Oval Projects Engineering 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 6,24,000 shares in Oval Projects Engineering IPO.

 ANB Metal Cast IPOOval Projects Engineering IPO
Anchor Investor Reserveration8,98,400 shares9,36,000 shares
Market Maker Reserveration2,00,000 shares3,04,000 shares
QIB5,99,200 shares6,24,000 shares
NII4,51,200 shares14,40,000 shares
RII10,51,200 shares21,95,200 shares
Employee0 shares0 shares
Others
Total30,00,000 shares51,95,200 shares

Bids Received (Subscription)

ANB Metal Cast IPO subscribed 2.22x in total, whereas Oval Projects Engineering IPO subscribed 1.61x.

 ANB Metal Cast IPOOval Projects Engineering IPO
QIB (times)1.04x6.21x
NII (times)4.29x0.82x
Big NII (times)6.29x1.46x
Small NII (times)2.96x0.48x
RII (times)2.39x0.83x
Employee (times)
Other (times)
Total (times)2.22x1.61x