Two public issues, Anand Seamless Tubes and Himalaya Nutravedics, open for subscriptions today, September 22, 2026, setting up a hectic start for the SME IPO market. Investors will have three days to submit bids for both issues before they close on September 24.
Through their individual SME IPOs, the two businesses hope to raise a total of Rs 52.02 crore. The proceeds from these completely new issues will be used for a variety of corporate needs, including debt repayment, working capital, and business expansion.
Anand’s flawless IPO
The Anand Seamless IPO consists of a new offering of 35.44 lakh shares at a fixed price of Rs 25.52 crore. The period begins on September 22 and ends on September 24, 2026. The shares are anticipated to be listed on the BSE SME platform on September 29, 2026, and the allocation is anticipated to be completed on September 25.
The issuance price has been set by the business at Rs 72 per share. The minimum retail application size is 3,200 shares, or an investment of Rs 2,30,400, given the lot size of 1,600 shares. A minimum application of three lots, or 4,800 shares, and an investment of Rs 3,45,600 are required for HNI investors.
The issue’s registrar is MUFG Intime India Pvt. Ltd., and the book-running lead manager is Aftertrade Broking Pvt. Ltd.
Anand Seamless’s production activities, including capacity expansion, technological advancements, cost optimisation, and support for its Mahesana, Gujarat, manufacturing site, will be strengthened with a large percentage of the IPO revenues. Additionally, the business intends to spend Rs 3.70 crore for general corporate purposes, Rs 3.13 crore for issuance expenditures, and Rs 5.73 crore to retire or prepay any outstanding secured and unsecured borrowings.
IPO of Himalaya Nutravedics
The Rs 26.50 crore book-built Himalaya Nutravedics IPO consists of a completely new offering of 25 lakh shares. Additionally, the IPO will begin accepting subscriptions on September 22 and end on September 24, 2026. With a tentative listing on the BSE SME platform on September 29, the allotment is anticipated to be finished on September 25. A price range of Rs 100 to Rs 106 per share has been set by the firm. There are 1,200 shares in the lot.
At the upper end of the pricing range, regular investors must deposit Rs 2,54,400, with a minimum application of 2,400 shares. At the band’s highest price, the minimum HNI application is three lots, or 3,600 shares, which equates to an investment of Rs 3,81,600.
KFin Technologies Ltd. is the issue’s registrar, while Nirbhay Capital Services Pvt. Ltd. is the book-running lead manager.
IPO profits: With Rs 13.75 crore set aside for this reason, Himalaya Nutravedics intends to use a significant amount of the IPO proceeds to satisfy its working capital needs. Additionally, the company would set aside Rs 7.50 crore for digital marketing and business development, with the rest funds going toward basic business needs.
Two financing priorities and two SME issues
Although both IPOs aim to list as BSE SMEs and hit the market on the same day, their suggested use of funds shows different business priorities.
While Himalaya Nutravedics wants to improve its working capital position and business development initiatives, Anand Seamless is allocating a significant amount of its planned proceeds to debt reduction, technology enhancements, and manufacturing capacity.
Before making an investment decision, investors will be able to assess the companies based on a number of factors, including their financial performance, valuation, business prospects, use of IPO proceeds, and the risks listed in their respective offer documents. Both issues will be open from September 22 to September 24.
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1. Which SME IPOs are opening on September 22, 2026?
Anand Seamless Tubes and Himalaya Nutravedics IPOs are opening for subscription on September 22, 2026.
2. When will the two IPOs close?
Both IPOs will remain open for subscription until September 24, 2026.
3. How much are Anand Seamless and Himalaya Nutravedics looking to raise?
Together, the two SME IPOs aim to raise approximately ₹52.02 crore through entirely fresh issues.
4. What is the price of the Anand Seamless IPO?
Anand Seamless has fixed the IPO price at ₹72 per share.
5. What is the minimum investment for retail investors in Anand Seamless IPO?
The lot size is 1,600 shares. At ₹72 per share, the minimum retail investment is ₹1,15,200 for one lot.
6. What is the price band of Himalaya Nutravedics IPO?
Himalaya Nutravedics has set a price band of ₹100–₹106 per share.
7. What is the minimum investment in Himalaya Nutravedics IPO?
The lot size is 1,200 shares, while retail investors need to apply for at least 2,400 shares. At the upper price of ₹106, the minimum investment is ₹2,54,400.
8. When will the IPO shares be allotted?
The tentative allotment date for both IPOs is September 25, 2026.
9. When are the two IPOs expected to list?
Both Anand Seamless and Himalaya Nutravedics are expected to list on the BSE SME platform on September 29, 2026, subject to the applicable process.
10. How will Anand Seamless use the IPO proceeds?
Anand Seamless plans to use the funds for manufacturing capacity expansion, technology upgrades, cost optimisation, its Mahesana facility, debt repayment/prepayment and general corporate purposes.
11. How will Himalaya Nutravedics use the IPO money?
Himalaya Nutravedics plans to allocate a significant portion toward working capital, along with funds for digital marketing, business development and general corporate requirements.
12. Are both IPOs fresh issues?
Yes. According to the information provided, both IPOs consist entirely of fresh shares, rather than an Offer for Sale (OFS).
13. Who are the lead managers and registrars?
For Anand Seamless, Aftertrade Broking is the book-running lead manager and MUFG Intime India is the registrar. For Himalaya Nutravedics, Nirbhay Capital Services is the book-running lead manager and KFin Technologies is the registrar.
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