Anya Polytech IPO Off to a Flying Start: Fully Subscribed Within Minutes, GMP Signals Promising Gains
The initial public offering (IPO) of Anya Polytech and Fertilizers Limited launched on Thursday, creating a buzz as it got fully subscribed within minutes of opening. Recognized as India’s premier fertilizer and bag manufacturing company, Anya Polytech also provides innovative environmental solutions. The IPO aims to raise Rs 44.80 crore, with shares to be listed on the NSE Emerge platform.
Key IPO Details
- Issue Size: 3,20,00,000 equity shares.
- Price Band: Rs 13–14 per share.
- Face Value: Rs 2 per share.
- Lot Size: 10,000 equity shares.
- Bidding Closes: Monday, December 30, 2024.
The funds raised will be used for capital expenditure, including the purchase of plant and machinery, meeting working capital requirements, and setting up a new project under Yara Green Energy, a subsidiary of the company.
Subscription Status
The IPO witnessed overwhelming demand, achieving full subscription within minutes of its opening. By 10:30 AM, the issue was subscribed 1.01 times, and by 1 PM, the overall subscription had surged to 2.96 times. The strong response underscores the confidence investors have in Anya Polytech’s robust business model and growth potential.
Grey Market Premium (GMP) Highlights
As per market trackers, the IPO is commanding a GMP of Rs 4 per share, indicating a potential 28% listing gain. If trends hold, the stock could debut at Rs 18 per share, significantly above the issue price.
Timeline for Allotment and Listing
- Allotment Date: December 31, 2024.
- Listing Date: January 2, 2025, on the NSE Emerge platform.
With its swift subscription and healthy grey market premium, Anya Polytech and Fertilizers Limited IPO is poised to deliver solid returns for investors. As one of the top players in the fertilizer and environmental solutions space, the company’s growth-oriented plans and strong market response make this IPO one to watch as it prepares for its stock market debut.
