Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

Anubhav Plast Limited, incorporated in 1987 and headquartered in Mumbai, is a manufacturer of Electric Resistance Welding (ERW) steel pipes and tubes in round and square hollow sections, and swaged steel tubular poles. Workforce of 35 employees as of March 31, 2026. BSE SME IPO of 30 lakh equity shares (100% fresh issue). Promoters: Onkar Nath Gupta, Vinamra Gupta, Bina Gupta, Tanvi Gupta. Registrar: Bigshare Services. Closed undersubscribed on Day 1-2 (8-93% range) but final closing tally was never confirmed by any tracker despite repeated checks - flagged as a genuine data gap. Listed flat at ₹80 (matching issue price), then hit the 5% lower circuit at ₹76. Final subscription: 2.10x.