Anjali Labtech Ltd. IPO Details
Anjali Labtech was incorporated on May 15, 2021. The company is a vertically integrated Indian player in the lab-grown diamond industry, covering MPCVD machine manufacturing, captive diamond growing, processing, polished LGDs and LGD-studded jewellery. As of March 31, 2026, it held approximately 36% of the global and 41% of the Indian MPCVD machine market by volume
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹12,250.0 M | DRHP DOC |
Anjali Labtech issue details
Anjali Labtech IPO issue size is ₹ 12,250.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Anjali Labtech IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Anjali Labtech NUMBER OF SHARES ON OFFER
Anjali Labtech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 615.5 | 200.9 | 307.0 | 92.1 | 42.9% |
| FY25 | 472.5 | 146.8 | 49.6 | -90.9 | 39.1% |
| FY24 | 223.2 | 90.1 | 108.2 | 107.6 | 49.2% |
Anjali Labtech INFORMATION ON IPO ISSUE
About Anjali Labtech
Anjali Labtech was incorporated on May 15, 2021. The company is a vertically integrated Indian player in the lab-grown diamond industry, covering MPCVD machine manufacturing, captive diamond growing, processing, polished LGDs and LGD-studded jewellery. As of March 31, 2026, it held approximately 36% of the global and 41% of the Indian MPCVD machine market by volume
Object of the Issue
- Funding capital expenditure for the manufacturing and captive installation of MPCVD machines to facilitate in-house growing of rough lab-grown diamonds
- Funding capital expenditure for construction and development of Anjali Corporate House at Moje Kosmada, Surat
- Prepayment or re-payment of a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Anjali Labtech - PROMOTERS
| Name |
|---|
| Rajnikant M Radadiya |
| Sandipbhai Madhubhai Radadiya |
Anjali Labtech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rajnikant M Radadiya | Chairman & Whole-time Director |
| Sandipbhai Madhubhai Radadiya | Managing Director |
| Gopal Chunibhai Radadiya | Whole-time Director |
| Sunil Kumar Bansal | Independent Director |
| Shailendra Kumar Shukla | Independent Director |
| Kavita Rakesh Shah | Independent Director |
Anjali Labtech Book Running Lead Manager
IIFL Capital Services Limited
anjalilabtech.ipo@iiflcap.com
Axis Capital Limited
anjalilab@axiscap.in
Anjali Labtech Registrar to the Offer
MUFG Intime India Private Limited
anjalilabtech.ipo@in.mpms.mufg.com
Anjali Labtech Strengths
End-to-end LGD value chain
The company operates across the entire LGD value chain, from MPCVD machine manufacturing and captive diamond growing to processing, polished LGD sales and LGD-studded jewellery. This integrated model supports quality control, market insights and faster adaptation to changing industry and consumer demand
R&D innovation
The company’s R&D team drives innovation across the LGD value chain and comprised 10 employees as of March 31, 2026. It also engages third-party technical experts, including Xiamen Sky Semiconductor Technology Co., Ltd., for specified R&D work related to Diamond Wafers
Integrated manufacturing infrastructure
The company operates seven manufacturing facilities in Surat, Gujarat, with modern technologies supporting MPCVD machine manufacturing, rough LGD growing and polishing, and LGD-studded jewellery production. Its centralised, integrated setup enables efficient resource allocation, coordinated operations and supply chain management while serving both internal and external market requirements
Anjali Labtech Risks
Consumer acceptance risk
Demand for lab-grown diamonds depends on consumer awareness, perception and acceptance compared with natural diamonds. Limited awareness, concerns over value and resale, preference for natural diamonds and gold in wedding jewellery, and retailer scepticism may reduce demand and adversely affect the company’s business and financial performance
Depend on suppliers for raw materials
The company depends on a limited group of suppliers for key raw materials, utilities, specialty gases, precious metals and gemstones, mainly procured through purchase orders without long-term contracts. Supplier delays, non-fulfilment or disruptions could affect production, increase costs and adversely impact the company’s business, cash flows and financial performance
Regulatory risks
The company and its material subsidiary require various licences, permits, registrations and approvals from government and regulatory authorities to operate their businesses. Delays, non-renewal or failure to obtain or retain these approvals may result in operational disruptions and adversely affect the company’s business and financial performance
IPO FAQs
The promoters of the company are Rajnikant M Radadiya and Sandipbhai Madhubhai Radadiya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.