Anawil Wire & Engineering is scheduled to list on the NSE SME platform today, August 10, with grey market activity pointing toward a strong market debut.

Ahead of the listing, shares of Anawil Wire & Engineering were commanding a 21% premium in the grey market, an unofficial over-the-counter channel where shares trade before formal listing. Grey market premiums are widely tracked by IPO watchers as a sentiment indicator, though they carry no regulatory standing and do not guarantee listing-day performance.

The company's initial public offering (IPO) drew overwhelming investor interest, achieving an overall subscription of 149.13 times. Demand was led by non-institutional investors (NIIs), who subscribed to 233.36 times their allotted quota. Qualified institutional buyers (QIBs) followed at 164.56 times, while retail investors subscribed at 104.22 times.

Anawil Wire & Engineering operates in the wire manufacturing and engineering sector, supplying products used across infrastructure, construction, and industrial applications. The company's public offering comes amid sustained activity on the NSE's SME platform, which allows smaller companies to access capital markets with lower compliance thresholds than the main board.

The strong subscription across all investor categories signals broad-based demand for the IPO ahead of the company's transition to the public markets.