Final Day! Anya Polytech IPO Booked Over 400 Times; GMP Soars To 50%

The initial public offering of Anya Polytech & Fertilizers Ltd. which opened for subscription on Thursday will close for bidding on Monday, Dec. 30. The SME issue was fully booked in the initial hours on Thursday and was booked over 28 times on Friday. The IPO has been subscribed over 400 times so far on Day 3.

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).

Here's all you need to know about Anya Polytech & Fertilizers IPO.

Anya Polytech IPO has been subscribed 434.73 times as of 4:2 pm on Monday.

• Qualified Institutions: 150.8 times.

• Non-Institutional Buyers: 1100.05 times

• Retail Investors: 311.54 times

The subscription status will be updated at regular intervals.

The GMP of Anya Polytech & Fertilizers Ltd. stood at Rs 7 as of 1:54 pm on Dec. 30, according to InvestorGain. Going by the current GMP trends, shares of the company are likely to debut at Rs 21, marking a 50% premium over the issue price.

The grey market premium of the IPO climbed from Rs. 7 after staying constant at Rs 4 since the issue opened for subscription on Dec. 26.

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

The allotment for the Anya Polytech IPO is expected to be finalised on Tuesday, 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.

A book-built offer, the Anya Polytech IPO is an entirely fresh issuance of 32 lakh shares at a price band of Rs 13 to Rs 14. At the upper end price band, the total offer size in the IPO is valued at Rs 44.8 crore. Of the 3,20,00,000 shares offered -- 60,84,000 (19.01%) is reserved for Qualified Institutions, 45,68,000 for Non-Institutional Investors, 1,06,48,000 (33.28%) for Retail Investors and 91,00,000 (28.44%) for Anchor investors.

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.

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. Spread X Securities Pvt. Ltd is the market maker for Anya Polytech IPO.

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.