The initial share sale of Anya Polytech & Fertilizers Ltd. opened for subscription on Thursday. The manufacturer of HDPE and PP bags, fertilisers and micronutrient mixtures for agricultural needs aims to raise Rs 44.8 crore through its initial public offering (IPO). Those interested in this NSE SME IPO must check out these key details before participating in the bidding process.
Anya Polytech And Fertilizers IPO: Key Details
A book-built offer, Anya Polytech IPO is an entirely fresh issuance of 32 lakh shares at a price band of Rs 13 to Rs 14. The total offer size in the IPO is valued at Rs 44.8 crore at the upper price band. The company has reserved 50% of the net offer size for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for the non-institutional investors (NIIs).
The bidding window for Anya Polytech IPO will remain open till Dec. 30. This will be followed by the allotment of shares on Dec. 31. The company will initiate refunds and transfer of shares to the Demat accounts on Jan. 1, 2025.
Anya Polytech & Fertilizers Ltd. shares are scheduled to be listed on the NSE SME platform, Emerge, on Jan. 2, 2025.
Retail investors may submit bids in the IPO for a minimum lot size of 10,000 shares aggregating to an investment of Rs 1,40,000.
Anya Polytech & Fertilizers Ltd. has appointed Beeline Capital Advisors Pvt. as the sole book-running lead manager for its issue whereas Skyline Financial Services Pvt. is the registrar. The market maker for Anya Polytech IPO is Spread X Securities Pvt.
Anya Polytech IPO GMP Today
The grey market premium on Anya Polytech IPO projected a decent listing gain for the company’s shares. The GMP on the shares of Anya Polytech & Fertilizers Ltd. stood at Rs 3 at 9:23 am on Dec. 26, according to InvestorGain.
Going by the current GMP trends, shares of the company are likely to debut at Rs 17, marking a 21.43% premium over the issue price.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Anya Polytech & Fertilizers Ltd. is primarily engaged in the manufacturing of fertilisers and bags.
The Company manufactures high-quality High-Density Polyethylene(HDPE) & Polypropylene (PP) bags and Zinc sulphate fertilisers.
Incorporated in 2011, the company began commercial production in January 2013. Anya Polytech & Fertilizers operates at full capacity, generating a turnover exceeding Rs 100 crore from its bags and fertilisers (Zinc Sulphate Division) division. It also provides environmental solutions.
Use Of Proceeds
Anya Polytech & Fertilizers Ltd. in its red herring prospectus has proposed to utilise the net proceeds from the IPO to invest in its subsidiaries Arawali PhosphateLtd. and Yara Green Energy Pvt. to fund their working capital and capex requirement. The remaining portion of the funds will be used for the company’s working capital requirements and capex.
Key Financials
Anya Polytech & Fertilizers Ltd. posted a revenue of Rs 40.73 crore in the first quarter of FY25 and a net profit of Rs 4.53 crore.
In FY24, the company’s revenue grew 8% year-on-year to Rs 125.05 crore, up from Rs 116.01 crore in the preceding financial year. The company’s net profit grew 75% to Rs 9.97 crore in FY24 from Rs 5.7 crore in the previous fiscal.
. Read more on IPOs by NDTV Profit.Going by the current GMP trends, shares of the company are likely to debut at Rs 17, marking a 21.43% premium over the issue price. Read MoreIPOs
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