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ANB Metal Cast Ltd, incorporated in March 2019, is a Rajkot, Gujarat-based manufacturer of high-quality aluminum extrusions (window frames, railings etc.) and non-ferrous metal alloys, serving industries like electronics, automotive, solar, and architecture. Operating from a 50,000 sq. ft. facility, the company produces products such as motor bodies, solar profiles, and sliding windows, meeting stringent quality standards (ISO 9001:2015 and ISO 14001:2015). Its SME IPO opens on August 8, 2025, and closes on August 12, 2025, with a listing planned on the NSE SME on August 18, 2025.
Products and Uses
ANB Metal Cast Ltd manufactures aluminum extrusions and non-ferrous metal alloys. Their products include motor bodies, solar profiles, railings, round bars, and sliding windows. These are used in industries like electronics (for components like motor bodies), automotive (for structural parts), mechanical (for machinery components), solar (for panel frames), and architectural sectors (for window frames and railings).
Producer to Consumer Value Chain
- Raw Material Sourcing: ANB Metal Cast sources raw materials like aluminum and other non-ferrous metals from suppliers, maintaining strong relationships to ensure quality and availability.
- Manufacturing: At their 50,000 sq. ft. facility in Rajkot, Gujarat, raw materials are processed into aluminum extrusions and alloys using diverse dies to create customized profiles. Stringent quality control ensures products meet ISO 9001:2015 and ISO 14001:2015 standards.
- Product Development: The company designs products like motor bodies and solar profiles tailored to customer specifications for industries such as electronics, automotive, and solar energy.
- Distribution: Products are distributed to a wide range of industries (electronics, automotive, mechanical, solar, architectural) through a robust marketing and distribution network, ensuring effective market penetration.
- End Consumers: The products reach manufacturers in various sectors. For example, solar profiles are used by solar panel producers, railings by construction firms, and motor bodies by electronics companies. These clients integrate the components into final goods like solar panels, vehicles, or buildings for end users.
Expected Industry CAGR
- Aluminum Extrusion Industry: 6% (based on global aluminum extrusion market growth projections from industry reports).
Final Verdict: Avoid. It is a highly competitive industry with price pressure. The company has thin PAT margins exacerbated by the high levels of debt.