Himalaya Nutravedics made a strong market debut on the BSE SME platform, trading at ₹122.50 on Monday, September 29, representing a 15.57% premium over its issue price of ₹106. The stock was listed at ₹118, achieving an 11.32% premium to the IPO price, with the counter hitting a high of ₹123.90 and a low of ₹118. According to Business Standard, approximately 7 lakh shares changed hands on the BSE during the trading session. The company's IPO was subscribed 2.24 times overall during the subscription period, with the issue open from September 22-24, 2026.
The Himalaya Nutravedics IPO comprised 24,99,600 equity shares entirely through fresh equity issuance, with the company raising ₹7.53 crore from anchor investors through allotment of 7,10,400 shares on September 21, 2026. As reported by Business Standard, the price band was fixed at ₹100 to ₹106 per share with a lot size of 1,200 shares per application. Following the IPO, promoter and promoter group shareholding decreased to 68.13% from 95.14% before the issue. The company recorded revenue from operations of ₹43.06 crore and net profit of ₹7.38 crore for the financial year ended March 31, 2026.
Anand Seamless traded at ₹72.10 on the BSE SME platform, representing a 0.14% premium over its issue price of ₹72. The stock was listed at ₹72.10, achieving a 0.14% premium to the IPO price, with the counter hitting a high of ₹75 and a low of ₹72.10. According to Business Standard, approximately 10.05 lakh shares changed hands on the BSE during the trading session. The issue was subscribed 1.44 times overall, with the fixed-price issue comprising 35.44 lakh equity shares and raising ₹25.52 crore. Following the IPO, promoter and promoter group shareholding stood at 70.39%, compared with 100% before the issue.
Both companies have outlined specific purposes for the raised funds. As reported by The Economic Times, Himalaya Nutravedics plans to use ₹13.75 crore for working capital requirements, ₹7.50 crore for business development and digital marketing activities, and the remaining amount for general corporate purposes. Anand Seamless will allocate ₹13.20 crore for capacity expansion and technological upgrades, ₹5.49 crore for repayment of outstanding borrowings, ₹3.70 crore for general corporate purposes, and ₹3.13 crore towards issue expenses. Nirbhay Capital Services Pvt. Ltd. serves as the book-running lead manager for Himalaya Nutravedics, while Aftertrade Broking Pvt. Ltd. handles the same role for Anand Seamless.
Anand Seamless reported strong financial performance for FY26, with total income increasing 66.95% to ₹56.17 crore from ₹33.64 crore in FY25. Profit after tax surged 106.79% to ₹5.48 crore from ₹2.65 crore, while EBITDA rose 73.22% to ₹10.22 crore from ₹5.90 crore. The company, incorporated in 2005, manufactures seamless tubes, pipes and finned tubes for industrial applications, serving industries including oil and gas, petrochemicals, power, pharmaceuticals, chemicals, railways, defence, automobiles and cement. As of March 31, 2026, it operated manufacturing facilities at Indrad in Gujarat with 81 permanent and 57 contractual employees at Unit I, and 19 permanent and 10 contractual employees at Unit II.