Anya Polytech & Fertilizers IPO: The IPO of Anya Polytech & Fertilizers Limited will open for subscription on 26 December 2024 and investors will be able to apply till 30 December 2024. The company has targeted to raise Rs 44.80 crore through this IPO. The price band of shares for public issue has been fixed at Rs 13-14 per share.
Under this IPO, 3.20 crore fresh equity shares of ₹2 face value will be issued. The special thing is that there is no Offer for Sale (OFS) in this IPO, that is, the entire amount raised from the IPO will go to the company.
Money raised from anchor investors
The company has raised Rs 12.74 crore from anchor investors ahead of the IPO on December 24, 2024. Shares will be allotted to successful investors on 31 December 2024. Subsequently, the listing of the company’s shares will take place on the NSE Emerge platform on January 2, 2025.
Promoters:
The promoters of Anya Polytech & Fertilizers are Yashpal Singh Yadav and Anya Agro & Fertilizers Pvt. Ltd.
Use of funds raised from IPO
The main objective of this IPO is to expand the business of the company and its subsidiaries. The funds raised will be used in the following areas:
- Capital Expenditure:
To increase production capacity and new projects. - Working Capital Requirements:
To improve the everyday operations of the company. - Subsidiary Yara Green Energy Private Limited:
Establishment of new projects. - Corporate Objectives:
To meet general business needs.
Lead Manager and Registrar:
- Book-Running Lead Manager: Beeline Capital Advisors Private Limited
- Registrar: Skyline Financial Services Private Limited
Gray Market Performance (GMP)
Ahead of the IPO launch, Anya Polytech shares are trading at a premium of Rs 3 in the gray market. On this basis, the shares are estimated to list at Rs 17, which is 21% higher than the issue price. However, note that the Gray Market Premium (GMP) may change depending on market conditions.
Learn about the company
Anya Polytech & Fertilizers Limited manufactures HDPE/PP woven fabrics and bags. It is also active in manufacturing micro and macronutrients fertilizers and other agricultural products.
Product Portfolio:
- Packaging Products:
- High-Density Polyethylene (HDPE)
- Polypropylene (PP) woven fabric
- BOPP Packaging Solution
- Fertilizer:
- Organic and inorganic (FCO-approved) fertilizers.
- Zinc Sulphate, SSP, Organic Potash, Phosphate-Rich Organic Manure.
- Micro and macronutrient mixes.
The company’s business is spread across 18 states across India.
financial performance
The company has shown excellent financial performance in recent years:
- FY 2024 (by March):
- Revenue: ₹12341.77 lakh
- EBITDA: ₹1648.73 lakh
- PAT (Profit After Tax): ₹957.55 lakh
- June 2024 (1st quarter):
- Revenue: ₹4039.46 lakh
- EBITDA: ₹902.68 lakh
- PAT: ₹441 lakh
The company’s stable financial position and growth rate make it an attractive option for investors.
Key points related to IPO
| Description | Anya Polytech and Fertilizers IPO |
|---|---|
| IPO opening date | 26 December 2024 |
| IPO closing date | 30 December 2024 |
| price band | ₹13-₹14 per share |
| face value | ₹2 per share |
| listing date | 2 January 2025 |
| platform | NSE Emerge |
| amount to be raised | ₹44.80 crore |
| Gray Market Premium (GMP) | ₹3 Premium (Estimated Listing: ₹17) |
