Anya Polytech & Fertilizers has recently made its debut on the NSE SME platform with an impressive listing price of ₹17.10, marking a 22% premium over its issue price of ₹14. The company’s success story has led to substantial gains, as the stock was locked at the upper circuit limit of 5% at ₹17.95 per share. This performance reflects the investor optimism surrounding the company’s future growth prospects.

Anya Polytech & Fertilizers is one of India's premier fertilizer and bag manufacturing companies and also provides innovative environmental solutions. The company’s robust capacity, producing over 750 lakh bags annually, positions it as a significant player in the industry. The strong market demand for the IPO signals confidence in its business model and future trajectory.

The IPO, amounting to ₹44.80 Crores, was a book-built issue, with 320 lakh shares on offer. The IPO opened for subscription on December 26, 2024, and closed on December 30, 2024. The final allotment of shares was concluded by December 31, 2024, and the listing date was set for January 2, 2025. The company set its price band at ₹13 to ₹14 per share, and its market capitalization stood at ₹168 Crores at the IPO price.

The demand for the IPO was outstanding, as reflected in the 409.24 times subscription on the final day. Retail investors could apply for a minimum of ₹1,40,000, while high-net-worth individuals were required to invest ₹2,80,000 for two lots. This strong demand is indicative of the investor sentiment surrounding the IPO.

In terms of financials, Anya Polytech demonstrated steady growth over recent years. For the fiscal year 2024, the company reported revenues of ₹4,073.32 lakh, a rise from ₹3,198.21 lakh in FY22. Similarly, EBITDA improved to ₹249.23 lakh for the period ending June 2024, with a significant jump in profitability, reflecting a strong operational performance.

The grey market premium (GMP) for the IPO was ₹5, implying a 35.71% potential listing gain. This performance is attributed to Anya Polytech’s strong financial performance, attractive P/E ratio, and growth potential in the fertilizer and manufacturing sectors.

Key financial metrics such as the pre-issue P/E ratio of 12.84x and post-issue P/E ratio of 16.84x suggest that the IPO is fairly priced when compared to the industry average of 32x. The company’s return on equity (ROE) stands at 28.25% for FY24, highlighting strong profitability and a favorable outlook for investors.

Investors are encouraged to consider applying for this IPO for listing gains, especially those with a higher risk appetite, given the promising market performance and future growth trajectory.

The Upcoming IPOs in this week and coming weeks are  Fabtech Technologies, Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, B R Goyal.

The Current active IPO is  Indo Farm, Technichem Organics, Leo Dry Fruits, Davin Sons, and Parmeshwar Metal.

For those interested in exploring more IPO opportunities, visit Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular stock market trading and investment calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for regular share market, news, and IPO updates.

Start your stock market journey and apply in IPO by opening a free demat account in Choice Broking FinX.