Anya Polytech & Fertilizers IPO Day 1: Issue fully booked on day 1.Check, GMP, review,other details.

Team Finance Saathi

    26/Dec/2024

What's covered under the Article:

  1. Anya Polytech & Fertilizers IPO with ₹44.80 crore issue, ₹2 GMP, and lot size of 10,000 shares.
  2. Subscription period: Opens on Dec 26 and closes on Dec 30, 2024, with expected listing on Jan 2, 2025.
  3. Company background: Known for over 750 lakh bags production annually and innovative environmental solutions.

Anya Polytech & Fertilizers Limited, one of India’s leading fertilizer and bag manufacturing companies, has built a strong reputation in providing innovative environmental solutions. With a remarkable production capacity of over 750 lakh bags annually (or 75 million bags), Anya Polytech plays a significant role in the industry. Their diversified business model includes the manufacture of fertilizer bags, which cater to various agricultural needs, and the development of solutions for environmental sustainability.

The company is launching an IPO to raise ₹44.80 Crores, consisting of a fresh issue of 320 lakh shares. The IPO price band is set between ₹13 to ₹14 per equity share, and at the upper price band, the market capitalization of Anya Polytech & Fertilizers will reach ₹168.00 Crores. The lot size for the Anya Polytech IPO is 10,000 shares, with a minimum investment amounting to ₹1,40,000 for retail investors. High-Net-Worth Individuals (HNIs) are required to apply for at least 2 lots (20,000 shares), which totals ₹2,80,000.

The subscription period for the Anya Polytech & Fertilizers IPO opens on December 26, 2024 and closes on December 30, 2024. The allotment date is expected to be finalized on or about December 31, 2024, and the shares will be listed on the NSE SME on or around January 2, 2025.

The book-running lead manager for the Anya Polytech IPO is Beeline Capital Advisors Private Limited, while Skyline Financial Services Private Limited is the registrar. The market maker for the IPO is Spread X Securities Private Limited.

As of December 23, 2024, the Grey Market Premium (GMP) for the IPO is ₹2, suggesting a 14.29% potential listing gain based on the company’s financial performance and market sentiment. However, Grey Market Premium can be volatile and is based on unregulated trading, so investors should exercise caution and rely on fundamental analysis when considering the IPO.

On December 26, 2024, the live subscription status shows that the IPO has been subscribed 2.17 times on its first day of the subscription period, indicating strong investor interest.

The primary objectives of this IPO are to fund the company’s working capital requirements, expand production capacity, and cover general corporate purposes. Anya Polytech’s robust manufacturing capabilities and commitment to environmental solutions make it a promising player in both the fertilizer and sustainable solutions sectors.

Looking at the financials, Anya Polytech has been showing steady growth, and the listing on the SME segment could provide early-stage investors with an opportunity for growth. However, the IPO is aimed at medium to high-risk investors due to its SME listing and smaller market capitalization.

The Upcoming IPOs in this week and coming weeks are Citichem IndiaIndo FarmTechnichem OrganicsLeo Dry FruitsSolar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Anya Polytech and Unimech Aerospace.

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