The Anawil Wire & Engineering IPO is currently open for subscription and is scheduled to close on August 5. The SME issue is seeking to raise around Rs. 177.8 cr., with a price band of Rs. 257–270 per share. The issue opened on August 3 and has already attracted strong investor participation.
The offering is part of a busy SME IPO calendar, with several smaller companies accessing the capital markets for expansion and working-capital requirements. Investors are closely monitoring the subscription response across QIB, NII and retail categories. As with other SME issues, investors should focus on financial performance, valuation, liquidity and the intended use of funds rather than relying only on grey-market premiums.
