Anawil Wire and Engineering Limited IPO
Registrar: BIGSHARE SERVICES PRIVATE LIMITED · Lead: Hem Securities Limited · Listing on NSE
IPO Lot Size
400 shares / lot · ₹270 upper bandInvestors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹2,16,000 |
| Retail (Max) | 2 | 800 | ₹2,16,000 |
| S-HNI (Min) | 3 | 1,200 | ₹3,24,000 |
| S-HNI (Max) | 9 | 3,600 | ₹9,72,000 |
| B-HNI (Min) | 10 | 4,000 | ₹10,80,000 |
About the company
Anawil Wire and Engineering Limited is a leading provider of advanced manufacturing solutions for the wind energy industry. The company specializes in the production of tubular steel wind turbine towers, heavy fabrication, and advanced engineering components, aiming to meet the highest standards of quality and reliability.
The company commenced commercial operations in April 2021, initially focusing on weldmesh and boiler accessories. Leveraging its expertise in steel fabrication, it strategically shifted to the wind energy sector in 2023, now focusing on manufacturing fabrication components for wind turbine towers. These towers are essential structural components that support wind turbine generators, designed to withstand diverse climatic conditions and manufactured in multiple sections for efficient transportation by road.
Objectives of the issue
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
- General Corporate Purpose.
Key strengths
- In-house manufacturing facility with stringent quality control mechanisms.
- Strong order book providing future revenue visibility.
- Strategically located manufacturing facilities in Koppal (Karnataka) and Kutch (Gujarat) for operational efficiency.
- Well-positioned to capture growth opportunities in the expanding wind energy sector.
- Reputation for delivering high-quality products and adherence to international standards (ISO certified).
- Two manufacturing facilities with significant annual production capacity.
- Comprehensive quality control mechanisms including advanced testing equipment.
- Focus on managing inventory and production process for high-quality standards and cost-effectiveness.
Key risks
- Limited operating history in the current line of business and promoters lack significant prior industry experience.
- High dependence on a single business segment (Tower Division), making revenue vulnerable to demand reduction or competition.
- Business is subject to seasonal and cyclical variations, which can cause fluctuations in financial performance.
- Concentration of revenues in specific regions of India (primarily Karnataka) exposes the company to regional risks.
- Significant dependence on a few key customers without firm commitments, posing a risk of revenue loss.
- Reliance on a limited number of suppliers within a concentrated geographical region for raw materials, risking supply disruptions and price fluctuations.
- Under-utilization of manufacturing capacities could adversely affect business, future prospects, and financial performance.
- The current order book value is not necessarily indicative of future growth and orders could be cancelled, delayed, or unpaid.
- Adverse revision, suspension, or withdrawal of credit ratings may impact the company's ability to raise debt financing.
- Outstanding legal proceedings involving the company, directors, and promoters could adversely affect financial condition and reputation.