# Anchor Offshore Services Limited: IPO analysis > Anchor Offshore Services Limited (CIN U93000MH1994PLC076014) has filed a SEBI filings with SEBI for an IPO comprising a fresh issue of 64,00,000 shares and an offer for sale of 6 lakh shares. In FY26 it reported revenue of ₹106 Cr (-24.4% on FY25) and a net profit of ₹8.0 Cr. Promoters hold 80.9% before the IPO. Our earlier look-up of its claims found no medium or high concerns across 25 claims looked up. - Page: https://ipo.innerkore.com/in/company/U93000MH1994PLC076014/anchor-offshore-services-limited/ - CIN: U93000MH1994PLC076014 - Last updated: 18 Sep 2026 ## Key facts - **Company:** Anchor Offshore Services Limited - **CIN:** U93000MH1994PLC076014 - **Filing stage:** Amendments only - **Latest SEBI filing:** 18 Sep 2026 - **Offer for sale:** 6,00,000 shares - **Listing on:** BSE, NSE - **Revenue FY26:** ₹106 Cr - **Revenue growth:** -24.4% - **Net profit FY26:** ₹8.0 Cr - **Revenue CAGR FY24 to FY26:** -5.3% - **Promoter holding (pre-IPO):** 80.9% - **Lead managers:** Nirbhay Capital Services Private Limited - **Registrar:** MUFG Intime India Private Limited - **Earlier look-up flags:** 0 high, 0 medium, 3 low ## Key signals (read from the filing; not investment advice) - **Growth** (concern): -5.3% a year. Sales FY24 to FY26; latest year -24.4%. - **Profitability** (look closer): 7.6% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.16x equity. ₹20.8 crore borrowed at the end of FY26. - **Profit into cash** (concern): -188% of profit. Operations brought in ₹-15.1 crore against ₹8 crore of profit in FY26. - **One-off income** (concern): 30% of profit. Other and one-off income is 30% of pre-tax profit. - **Where the money goes** (looks fine): 9% for sale. 91% is new shares issued by the company. 4% of the new money repays debt. - **Red flags** (looks fine): None serious. 25 claims looked up earlier: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 118 | 140 | 106 | | Sales growth | – | 18.7% | -24.4% | | Operating profit | 2.5 | 9.2 | 11 | | Operating margin | 2.1% | 6.6% | 10.5% | | Net profit | -6.7 | 13 | 8.0 | | Net margin | -5.7% | 9.2% | 7.6% | | Net worth | 79 | 91 | 130 | | Borrowings | 27 | 30 | 21 | | Return on equity | -8.5% | 14.1% | 6.2% | ## Use of proceeds (fresh issue) - Funding long-term working capital requirements of our Company Up to: ₹83 crore - Repayment/pre-payment, in full, of a borrowing availed by our Company Up to: ₹3.0 crore - General Corporate Purposes(1) (2): amount not fixed yet ## Claims looked up earlier - **LOW** (SubsidiaryPerformance): The main legislation governing activities in relation to securities markets in India is the SEBI Act and related rules, regulations, and notifications.. The search results confirm that Anchor Offshore Services Limited filed a Draft Red Herring Prospectus (DRHP) with SEBI, which relates to securities market activities. However, the search results do not explicitly state that the SEBI Act and related rules are the *only* legislation, only that the company is involved in offshore operations. No direct corroboration or contradiction of the claim itself is provided. - **LOW** (SubsidiaryPerformance): Equan Axima India Private Limited was a significant financial and strategic partner.. The search results indicate that Equans Axima India Private Limited exists and has personnel associated with it, but they do not explicitly confirm or deny the claim that it was a 'significant financial and strategic partner' of Anchor Offshore Services Limited. One result mentions an individual with extensive experience at the company. - **LOW** (PromoterBackground): Dipti Bhusan P Nayak has over two decades of experience as a mechanical engineer and has worked with Kirloskar Brothers Limited, Tecnimont ICB, Reliance Engineering Associates (P) Limited and Worley India Private Limited.. The search results confirm that Kirloskar Brothers Limited (KBL) is involved in various disputes and regulatory issues, including fighting with SEBI and demanding disclosures, which is relevant to the claim about individuals working with Kirloskar Brothers. However, the results do not explicitly confirm the specific experience of Dipti Bhusan P Nayak with the listed entities. - **NONE** (PromoterBackground): Laxmi N Jain was appointed as Chief Financial Officer on January 10, 2026.. The provided search results do not contain any information regarding the appointment of Laxmi N Jain as Chief Financial Officer on January 10, 2026. Therefore, the search results do not corroborate, contradict, or update the claim. - **NONE** (PromoterBackground): Ashwini Shashi Bhushan Dubey was appointed as Company Secretary & Compliance Officer on May 31, 2025.. The provided search results do not contain any information confirming or denying the appointment of Ashwini Shashi Bhushan Dubey as Company Secretary & Compliance Officer on May 31, 2025. The search results cover various unrelated topics such as mutual funds, regulatory actions, and stock scandals. - **NONE** (PromoterBackground): The Audit Committee was constituted pursuant to a resolution dated June 28, 2024, and later reconstituted by the Board.. The search results do not contain any information regarding the constitution or reconstitution of an Audit Committee for Anchor Offshore Services Limited as mentioned in the DRHP claim. The search results focus on unrelated market activities, regulatory actions, and financial scandals. - **NONE** (PromoterBackground): Sujata N Chanillo was employed as the Head of Human Resources of the company and was associated as a Whole-Time Director from September 12, 2014 until March 31, 2025, and subsequently appointed as Whole-Time Director from December 10, 2025.. The provided search results do not contain any information corroborating or contradicting the specific claim regarding Sujata N Chanillo's employment and directorship dates at Anchor Offshore Services Limited. The search results focus on broader market and regulatory news. - **NONE** (PromoterBackground): Siddesh N Chanillo was previously associated with the company as a Director from January 30, 2012, until August 27, 2014, and as Whole time Director from April 01, 2015 until May 09, 2024.. The provided search results do not contain any information that directly corroborates or contradicts the specific tenure details of Siddesh N Chanillo as a Director or Whole Time Director for Anchor Offshore Services Limited as stated in the DRHP claim. The search results focus on broader market and regulatory issues. - **NONE** (SubsidiaryPerformance): The authorized share capital was further amended on February 23, 2026, to increase the authorized capital again.. The search results do not contain any information regarding an amendment to the authorized share capital on February 23, 2026, as stated in the claim. The results focus on the filing of the DRHP and the company's financial performance and authorized capital as it stands. - **NONE** (SubsidiaryPerformance): The authorized share capital was amended on March 27, 2025, to increase the authorized capital again.. The search results do not contain any information regarding an amendment to the authorized share capital on March 27, 2025, for Anchor Offshore Services Limited. The results mention the company's IPO filing and financial performance but not this specific event. - **NONE** (SubsidiaryPerformance): The authorized share capital was amended on July 28, 2023, by adding a sub-clause to the main objects.. The search results do not contain any information regarding the amendment of the authorized share capital by adding a sub-clause to the main objects on July 28, 2023. - **NONE** (SubsidiaryPerformance): The registered office was changed on April 14, 2023.. The provided search results do not contain any information regarding a change in the registered office for Anchor Offshore Services Limited on April 14, 2023. Therefore, the claim cannot be corroborated or contradicted by the available search snippets. ## Common questions ### How big is the Anchor Offshore Services Limited IPO? Anchor Offshore Services Limited's IPO comprises a fresh issue of 64,00,000 shares and an offer for sale of 6 lakh shares, according to its SEBI filings. The price band is not stated in that document. ### What are Anchor Offshore Services Limited's revenue and profit? Anchor Offshore Services Limited reported revenue from operations of ₹106 Cr in FY26, -24.4% versus FY25. Net profit was ₹8.0 Cr (FY25: ₹13 Cr). Revenue grew at a compound rate of -5.3% a year from FY24 to FY26. Figures are read from the DLoF, as printed there. ### How much do promoters own in Anchor Offshore Services Limited? Promoters and the promoter group hold 80.9% of Anchor Offshore Services Limited before the IPO. ### How will Anchor Offshore Services Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding long-term working capital requirements of our Company Up to (₹83 Cr); Repayment/pre-payment, in full, of a borrowing availed by our Company Up to (₹3.0 Cr); General Corporate Purposes(1) (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Anchor Offshore Services Limited's filing? Earlier, we looked up 25 claims from the filing on the open web (we no longer do this, since SEBI reviews the filing): 0 raised a high concern, 0 medium and 3 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Anchor Offshore Services Limited do? Forget the fanfare of the IPO; the real story behind Anchor Offshore Services Limited is rooted in high-stakes legal battles. We dive into the murky history involving Natural Gas Corporation Limited, where disputes over O&M crane contracts have led to serious arbitration challenges. ### Who manages the Anchor Offshore Services Limited IPO? Book running lead managers: Nirbhay Capital Services Private Limited. Registrar to the offer: MUFG Intime India Private Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Anchor Offshore Services Limited IPO documents? All 2 filings for Anchor Offshore Services Limited (DAP, DLoF) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [ANCHOR OFFSHORE SERVICES LIMITED - DRHP](https://www.sebi.gov.in/sebi_data/commondocs/sep-2026/Anchor%20Offshore%20Services%20Limited-DA_p.pdf) (Abridged prospectus (DAP), filed 18 Sep 2026) - [ANCHOR OFFSHORE SERVICES LIMITED - DRHP](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789731006415_1354.pdf) (Draft letter of offer, filed 18 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.