The Initial Public Offering (IPO) of Anya Polytech & Fertilizers Ltd., a premier fertilizer and bag manufacturing company, has garnered significant interest from retail and non-institutional investors. The ₹44.80 crore IPO opened on December 26, 2024, and will close on December 30. On its very first day, the IPO was oversubscribed 11.23 times, signaling robust investor confidence in the company’s growth potential.
Strong Subscription Figures
The SME IPO received bids for 25.72 crore equity shares, far exceeding the 2.29 crore shares on offer. At the upper price band of ₹14, the total value of bids stands at an impressive ₹360.12 crore.
The IPO is 100% book building, with a price band of ₹13 to ₹14 per share and a face value of ₹2 per equity share.
Grey Market Premium Hints at Strong Listing
As of December 26, the Grey Market Premium (GMP) for Anya Polytech’s IPO stood at ₹4, suggesting an estimated listing price of ₹18 per share. This translates to an expected 28.57% gain over the IPO’s upper price band, hinting at a favorable debut on the NSE SME platform.
Use of Proceeds
The IPO proceeds will be strategically deployed for:
- Capital Expenditure & Working Capital requirements.
- Development of a new project under its subsidiary Yara Green Energy Private Limited.
- Additional working capital for another subsidiary, Arawali Phosphate.
- General corporate purposes.
Important Dates to Note
- IPO Closing Date: December 30, 2024.
- Basis of Allotment: December 31, 2024.
- Refunds or Credit to Demat Accounts: January 1, 2025.
- Listing Date: January 2, 2025.
Expert Insights and Growth Potential
Analysts at Bajaj Broking view the IPO as a promising investment opportunity in a company with a strong foothold in fertilizers and sustainable packaging solutions. The brokerage highlighted the following:
Risks:
- Fluctuations in raw material prices could affect profit margins.
- Regulatory changes in the fertilizer industry might pose challenges.
Opportunities:
- Rising demand for sustainable packaging.
- Revenue diversification through expansion into subsidiary projects.
About Anya Polytech & Fertilizers Ltd.
Established on January 18, 2011, under the Companies Act of 1956, Anya Polytech has built a reputation for its expertise in fertilizers and packaging solutions. With the current IPO proceeds, the company is set to strengthen its market presence and expand operations, ensuring steady growth in the years to come.
This IPO offers investors a chance to participate in a growth-oriented company poised for success in rapidly expanding sectors.
