Anawil Wire & Engineering has moved to finalise the allotment for its initial public offering, marking the transition from subscription to listing for the Indian SME issuer.
The company’s three-day subscription window closed on 5 August, with the basis of allotment expected to be determined today, 6 August.
The IPO received strong interest from investors during the bidding period, according to market reports.
As an SME listing, the issue follows a streamlined regulatory path compared to mainboard offerings, allowing for a quicker transition from subscription to trading.
The company, a manufacturer of wire and engineering products, is seeking to raise capital to fund its operations and expansion plans.
Investors who participated in the issue can check their allotment status through the National Stock Exchange (NSE) website or via the IPO registrar, Bigshare Services.