Anya Polytech and Fertilizers IPO: Will open for investment from December 26

The IPO of Anya Polytech & Fertilizers Limited will open for subscription on Thursday, December 26 and will be available till December 30.
This IPO will be listed on the NSE SME platform and will attract investors for the growth of the company.

IPO details

• Price band: ₹13 to ₹14 per share.
• Bid Format:
  • Apply for a minimum of 10,000 equity shares.
  • Thereafter, bidding can be done in multiples of 10,000 equity shares.
• Fresh issue:
  • The IPO comprises 3,20,00,000 equity shares.
  • Net Worth: ₹44.80 Crore.
• OFS (Offer for Sale):
  • There is no OFS for sale.

Use of funds raised from IPO

The company will use the funds raised from the IPO primarily for the following purposes:

1. Capital expenditure and working capital needs:
   • Setting up of a new project at Yara Green Energy Pvt. Ltd.
2. Investments in other subsidiaries:
   • Capital Expenditure and Working Capital for Aravali Phosphate Limited.
3. For general corporate purposes:
   • Expenses associated with operations and expansion.

Company’s business and expertise

Anya Polytech & Fertilizers Limited:

• Basic Products:
  • Zinc Sulphate Fertilizer.
  • High-density polyethylene (HDPE) and polypropylene (PP) bags.
• Environmental Solutions:
  • The company also provides products and services that promote environmental sustainability.
• Production Capacity:
  • More than 750 lakh bags annually.
  • Production started in January 2013.
• Current Turnover:
  • Over ₹100 crore, in which bag and zinc sulphate fertilizers have a major role.

Comparison as per Red Herring Prospectus (RHP)

The company’s only peer is Commercial Syn Bags Limited, which has a P/E ratio of 31.98.

financial position of the company

FY 2024

• Revenue: ₹12,341.77 lakh.
• EBITDA: ₹1,648.73 lakh.
• PAT: ₹957.55 lakh.

June 2024 (Q1)

• Revenue: ₹4,039.46 lakh.
• EBITDA: ₹902.68 lakh.
• PAT: ₹441.00 lakh.