Anya Polytech & Fertilizers IPO: Check GMP, Day 2 Subscription Status And More

The initial share sale of Anya Polytech & Fertilizers Ltd. opened for subscription on Thursday and was fully booked in the initial hours. The SME issue was subscribed over 12.47 times on Thursday and was booked over 20 times so far on Friday.

The manufacturer of HDPE and PP bags, fertilisers and micronutrient mixtures for agricultural needs aims to raise Rs 44.8 crore through its initial public offering (IPO).

Those interested in SME IPO must check out these key details before participating in the bidding process.

A book-built offer, Anya Polytech IPO is an entirely fresh issuance of 32 lakh shares at a price band of Rs 13 to Rs 14. The total offer size in the IPO is valued at Rs 44.8 crore at the upper price band. The company has reserved 50% of the net offer size for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

Retail investors may submit bids in the IPO for a minimum lot size of 10,000 shares aggregating to an investment of Rs 1,40,000.

As per the prospectus, of the 3,20,00,000 shares offered -- 60,84,000 is reserved for Qualified Institutions, 45,68,000 for Non-Institutional Investors, 1,06,48,000 for Retail Investors and 91,00,000 for Anchor investors.

Anya Polytech & Fertilizers Ltd. has appointed Beeline Capital Advisors Pvt. as the sole book-running lead manager for its issue whereas Skyline Financial Services Pvt. is the registrar. The market maker for Anya Polytech IPO is Spread X Securities Pvt.

The bidding window for Anya Polytech IPO will remain open till Dec. 30. This will be followed by the allotment of shares on Dec. 31. The company will initiate refunds and transfer of shares to the Demat accounts on Jan. 1, 2025.

Anya Polytech & Fertilizers Ltd. shares are scheduled to be listed on the NSE SME platform, Emerge, on Jan. 2, 2025.

Anya Polytech IPO has been subscribed 22.28 times as of 2:24 pm on Friday.

• Qualified Institutions: 0.01 times.

• Non-Institutional Buyers: 14.02 times

• Retail Investors: 38.55 times

The subscription status will be updated at regular intervals

The grey market premium on Anya Polytech IPO projected a decent listing gain for the company's shares. The GMP on the shares of Anya Polytech & Fertilizers Ltd. stood at Rs 4 at 11:29 am on Dec. 27, according to InvestorGain.

Going by the current GMP trends, shares of the company are likely to debut at Rs 18, marking a 28.57% premium over the issue price.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Anya Polytech & Fertilizers Ltd. is primarily engaged in the manufacturing of fertilisers and bags.

The Company manufactures high-quality High-Density Polyethylene(HDPE) & Polypropylene (PP) bags and Zinc sulphate fertilisers.

Incorporated in 2011, the company began commercial production in January 2013.  Anya Polytech & Fertilizers operates at full capacity, generating a turnover exceeding Rs 100 crore from its bags and fertilisers (Zinc Sulphate Division) division. It also provides environmental solutions.

Anya Polytech & Fertilizers Ltd. in its red herring prospectus has proposed to utilise the net proceeds from the IPO to invest in its subsidiaries Arawali PhosphateLtd. and Yara Green Energy Pvt. to fund their working capital and capex requirement. The remaining portion of the funds will be used for the company's working capital requirements and capex.

Anya Polytech & Fertilizers Ltd. posted a revenue of Rs 40.73 crore in the first quarter of FY25 and a net profit of Rs 4.53 crore.

In FY24, the company's revenue grew 8% year-on-year to Rs 125.05 crore, up from Rs 116.01 crore in the preceding financial year. The company’s net profit grew 75% to Rs 9.97 crore in FY24 from Rs 5.7 crore in the previous fiscal.