Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
Proprietary Multi-Factor Moat Model
Synthesizing institutional thesis...
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹216000
HNI (Min Lot)
sNII / High Net-Worth Tier
₹324000
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
28.48%
Market Maker
5.03%
QIB
18.99%
NII / HNI
14.25%
Retail
33.25%
Institutional Corporate Dossier
Axiom Gas Engineering
COMPANY PROFILE & DNA
Incorporation / Founded
2/1/2021
Active Vintage
Corporate Headquarters
Vapi, Gujarat
Registered Hub
👔 Leadership & Promoter Group
Key Management
Nimish Kumar Rameshchandra Vashi, Ayush Nimish Vashi, Bhavin Navinchandra Desai, Bijal Nimesh Vashi
⚙️ Business Overview & Portfolio
Core Offerings
Provider of advanced manufacturing solutions for the wind energy industry
🎯 Target Market & End-Use
Revenue Drivers
Tubular steel wind turbine towers supporting nacelle, rotor, and blades
🛡️
★ Unique Selling Proposition (Core Economic Moat)
In-house manufacturing facility with stringent quality control and a strategically located manufacturing facility resulting in operational efficiency
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Not Mentioned
₹ Not Mentioned
Allocation
🎯 Objective 02
Not Mentioned
₹ Not Mentioned
Allocation
🎯 Objective 03
Not Mentioned
₹ Not Mentioned
Allocation
🎯 Objective 04
Not Mentioned
₹ Not Mentioned
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | 0 | FY26 | FY25 | FY24 |
|---|---|---|---|---|
| Total Income | 0 | 143.27 | 78.59 | 54.07 |
| EBITDA | 0 | 50.45 | 20.82 | 11.1 |
| Profit After Tax (PAT) | 0 | 36.63 | 12.31 | 4.39 |
| Net Worth | 0 | 89.51 | 40.08 | 27.77 |
| Total Borrowing | 0 | 128.25 | 55.11 | 51.86 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
143.27
₹ Cr
YoY Growth
82.30%
3-Year CAGR
0.6278
50.45
₹ Cr
YoY Growth
142.31%
3-Year CAGR
1.1319
36.63
₹ Cr
YoY Growth
197.56%
3-Year CAGR
1.8886
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 40.92% | 30.71% | 29.15% | Excellent |
| ROCE (Capital Employed)ROCE | 23.17% | 21.87% | 19.66% | Good |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.37
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 1.43 | 0.06 | Low |
| EPS (₹) | 14.65 | 14.65 | Accretive |
| ROE (%) | 40.92% | 15.78% | Good |
| ROCE (%) | 23.17% | 14.00% | Bad |
| P/E (Valuation) | 18.43 | 18.43 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY24
FY25
FY26
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| Anawil Wire and Engineering Limited IPO CANDIDATE | 143.27 | 18.43 (Ask) | 23.17% | 15.78% (Post Issue) | 35.21% |
| 0 | 0 | 0 | 0.00% | 0.00% | 0.00% |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- In-house manufacturing facility with stringent quality control
- Strong Order Book
- Strategically located manufacturing facility
- Well-positioned to capture growth opportunities
Weaknesses
Internal Operational Constraints
- Working capital intensive business
- Negative cash flows in investing and financing activities
- Dependence on a few large customers
- Outstanding legal proceedings against the company
Opportunities
External Growth Tailwinds
- Growth in renewable energy sector
- Expanding geographic reach and capacity
- Increase in wind energy installations
- Strategic initiatives and brand building
Threats & Risks
External Macro & Sector Headwinds
- High competition in the industry
- Fluctuation in raw material prices
- Changes in government policies and regulations
- Risk of technological obsolescence
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
54.75
Score of 5/10 (Base 5, +1 for high entry barriers in heavy fabrication, +1 for B2B client stickiness, -1 for high client concentration with top 5 customers contributing 78.75% of revenue, -1 for high working capital intensity).
28.48
5.03
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-