Anya Polytech IPO is set to list on the NSE SME platform. The IPO, which opened on December 26 and closed on December 30, 2024, was met with significant investor interest and was oversubscribed multiple times across various investor categories.
Anya Polytech & Fertilizers Limited, a company specializing in the manufacturing of HDPE and PP bags, Zinc Sulphate Fertilizers, and Micronutrient Mixes, has launched its Initial Public Offering (IPO) to raise ₹44.80 crore.
IPO Details:
- Issue Size: The company aimed to raise ₹44.80 crore through the IPO.
- Price Band: The price band was set at ₹13 to ₹14 per equity share.
- Lot Size: Investors could bid on lots of 10,000 shares.
- Listing Date: The shares are scheduled to be listed on January 2, 2025.
Subscription Status:
The IPO received an overwhelming response, with an overall subscription of 439.8 times. The retail portion was subscribed 321.53 times, the non-institutional investors (NII) segment 1,100.39 times, and the qualified institutional buyers (QIB) segment 150.8 times.
Anya Polytech IPO Grey Market Premium (GMP):
The latest available data indicates that Anya Polytech & Fertilizers shares were trading at a grey market premium of ₹3-4 over the issue price of ₹14 per share. This suggests an expected listing price of approximately ₹17-18 per share, representing a premium of about 21% to 28.57% over the issue price.
Anya Polytech IPO Company Overview:
Anya Polytech & Fertilizers Limited specializes in manufacturing high-quality HDPE & PP bags, Zinc Sulphate Fertilizers in Mono and Hepta Hydrate forms, and Micronutrient Mixtures for agricultural needs. The company also trades various agricultural products, including SSP, Organic Potash, Zinc EDTA, PROM, Ferrous Sulphate, Magnesium Sulphate, Micronutrient Mixtures, Copper Sulphate, Certified Seeds, and Cattle feed.
Financial Performance:
In FY24, the company achieved a revenue of ₹123.42 crore, EBITDA of ₹16.49 crore, and PAT of ₹9.58 crore. As of June 2024, the company reported a revenue of ₹40.39 crore, EBITDA of ₹9.03 crore, and PAT of ₹4.41 crore.
As of June 2024, the company reported revenue of ₹4,039.46 lakh, EBITDA of ₹902.68 lakh, and PAT of ₹441.00 lakh.
Utilization of IPO Proceeds:
The funds raised will be used for capital expenditure, working capital requirements, setting up new projects in subsidiary companies, and general corporate purposes.
Investor Considerations:
Potential investors should assess the company’s financial health, market position, and growth prospects. The positive GMP indicates favorable market sentiment, but it’s essential to consider all risk factors before investing.
Note on GMP:
It’s important to note that the Grey Market Premium (GMP) is an unofficial indicator and reflects the premium at which the IPO shares are traded in the grey market before they are listed on the stock exchanges. While GMP can indicate investor sentiment, it is not a guaranteed predictor of the actual listing price or future performance of the stock.
Disclaimer:
Investors should exercise caution and conduct thorough research before making investment decisions. The stock market is subject to risks, and past performance is not indicative of future results.
For the most current and detailed information, please refer to official financial news sources or the company’s announcements.