Anya Polytech IPO: SME IPO worth Rs 44.80 crore received a banger response from non-institutional and retail investors, oversubscribing by 11.23x on the first day of its issue. The premier fertilizer and bag manufacturing company opened its IPO on December 26, which will close on December 30th. The latest grey market premium (GMP) of the IPO hints at a double-digit premium listing on NSE SME.
Anya Polytech IPO Subscription Status:
On the first day of its IPO, Anya Polytech received bids of 25,72,30,000 equity shares, oversubscribing by 11.23x compared to the offered size of 2,29,00,000 equity shares.
The IPO is 100% book building, while its price band is fixed at Rs 13 to Rs 14 per share. The face value of equity shares is at Rs 2 each.
At the upper price band of Rs 14, the bids received on Day 1 are worth Rs 360.12 crore.
The proceeds of the IPO will be used to meet Capital Expenditure & Working Capital requirements; set-up a new project in the subsidiary Yara Green Energy Private Limited; further to meet the working capital requirement for another subsidiary Arawali Phosphate; and lastly for general corporate purposes.
Anya Polytech IPO GMP Today:
As per Investor Grain, Anya Polytech SME IPO's last GMP is ₹4, last updated Dec 26th 2024 06:54 PM. With a price band of 14.00, Anya Polytech SME IPO's estimated listing price is ₹18 (cap price + today's GMP). The expected percentage gain/loss per share is 28.57%.
Anya Polytech IPO Allotment, Listing:
After the IPO closes on December 30th, the basis of allotment of the company will take place on December 31st. Further, initiation of refunds or credit of shares to demat account will take place on January 1st. The listing will take place on January 2, 2025.
According to Bajaj Broking, Anya Polytech & Fertilizers IPO offers an opportunity to invest in a growth-oriented company with a strong market presence in fertilizers and packaging solutions. The funds raised will be strategically deployed to enhance its operations and subsidiaries.
The brokerage highlighted investment risks and opportunities:
Probable risks to invest in the IPO:
- Dependency on raw material prices impacting margins.
- Regulatory changes in the fertilizer industry could affect operations.
Growth Opportunities:
- Increasing demand for sustainable packaging solutions.
- Expansion into subsidiary projects boosts revenue diversification.
About Anya Polytech:
Conceived at the turn of the decade, Anya Polytech Pvt Ltd was registered on 18th January 2011 under the Company Act, 1956.
Anya is recognized as India's premier fertilizer & Bag Manufacturing company along with being a provider of innovative environmental solutions. Putting forth a staggering capacity of over 750 lakh bags (75 Million bags) per annum, APFL is one of the most renowned players in this domain.
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