The initial public offering (IPO) of Anya Polytech & Fertilizers IPO., which opened on December 28, is set to close today, December 30. The SME IPO saw strong investor interest, being fully subscribed within hours of opening and recording over 28 times subscription on Day 2. The company, a key manufacturer of HDPE and PP bags, fertilizers, and micronutrient mixtures for agriculture, aims to raise ₹44.8 crore through this IPO.
Anya Polytech IPO: Key Highlights
- Type of Offer: Book-built issue with fresh issuance of 32 lakh shares.
- Price Band: ₹13 to ₹14 per share.
- Total Issue Size: ₹44.8 crore at the upper price band.
- Reservation Details:
- Qualified Institutional Buyers (QIB): 19.01% (60.84 lakh shares).
- Non-Institutional Investors (NII): 45.68 lakh shares.
- Retail Investment: Minimum bid for 10,000 shares, amounting to ₹1,40,000.
- Lead Manager: Beeline Capital Advisors Pvt. Ltd.
- Registrar: Skyline Financial Services Pvt. Ltd.
- Market Maker: Spread X Securities Pvt. Ltd.
Day 3 Subscription Status
The IPO has received overwhelming responses across categories:
- Qualified Institutions: Subscribed 2.95 times.
- Non-Institutional Buyers: Subscribed 68.19 times.
- Retail Investors: Subscribed 89 times.
Subscription figures are updated periodically, reflecting strong demand for the IPO.
Anya Polytech IPO GMP
The grey market premium (GMP) for Anya Polytech shares stood at ₹5 as of 9:55 AM on December 30. Based on this GMP, shares are expected to debut at ₹19, a 35.71% premium over the issue price.
Note: GMP is an unofficial metric and is influenced by speculative market activities.
Day 2 Subscription Update (December 29)
On Friday, the IPO was subscribed 28.61 times:
- Qualified Institutions: 2.91 times.
- Non-Institutional Buyers: 18.3 times.
- Retail Investors: 47.71 times.
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IPO Allotment and Listing Details
- Allotment Date: December 31, 2024.
- Refunds and Share Transfer: January 1, 2025.
- Listing Date: January 2, 2025, on NSE SME platform (Emerge).
About Anya Polytech & Fertilizers Ltd.
Incorporated in 2011, Anya Polytech specializes in the manufacturing of high-density polyethylene (HDPE) and polypropylene (PP) bags, along with zinc sulfate fertilizers. The company commenced commercial operations in January 2013 and has since established itself as a leading provider of agricultural and environmental solutions.
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Financial Overview
- Q1 FY25 Revenue: ₹40.73 crore, with a net profit of ₹4.53 crore.
- FY24 Revenue: ₹125.05 crore (8% YoY growth).
- FY24 Net Profit: ₹9.97 crore (75% YoY growth).
Utilization of IPO Proceeds
The company intends to utilize the funds for:
- Investments in subsidiaries Arawali Phosphate Ltd. and Yara Green Energy Pvt. Ltd. for working capital and capex.
- Meeting its own working capital and capital expenditure requirements.
Anya Polytech & Fertilizers IPO has garnered significant attention, reflecting investor confidence in the company’s growth trajectory and financial performance. Investors eagerly await the allotment and subsequent listing.
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