Anya Polytech & Fertilizers Limited (APFL), recognized as a leading player in India's fertilizer and bag manufacturing industry, is set to launch its Initial Public Offering (IPO). With a capacity of over 750 lakh bags annually, APFL is a renowned name in the chemical and environmental solutions sector. The IPO, which is a Book Built Issue amounting to ₹44.80 Crores, offers 320.00 Lakh shares at a price band of ₹13 to ₹14 per share. This guide will provide a comprehensive overview of the Anya Polytech & Fertilizers IPO, from subscription status to GMP and allotment details.

Anya Polytech & Fertilizers IPO Key Details

The subscription period for the Anya Polytech & Fertilizers IPO opens on December 26, 2024, and closes on December 30, 2024. The lot size for retail investors is set at 10,000 shares, which means retail investors are required to invest a minimum of ₹1,40,000. The market capitalization of the company at the upper price band of ₹14 per share will be ₹168.00 Crores. For High-Net-Worth Individuals (HNIs), the minimum investment is ₹2,80,000, corresponding to 20,000 shares (2 lots). The IPO price band is set at ₹13 to ₹14 per share.

The allotment date is expected to be December 31, 2024, and the listing date is tentatively set for January 2, 2025, on the NSE SME platform. The lead manager for this issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, with SKYLINE FINANCIAL SERVICES PRIVATE LIMITED serving as the registrar. Spread X Securities Private Limited is the market maker for the IPO.

Anya Polytech & Fertilizers IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Anya Polytech & Fertilizers IPO has been fluctuating, with the most recent update showing a ₹5 premium (35.71%) on December 26, 2024. The GMP indicates that investors expect a listing price of ₹19, compared to the IPO issue price of ₹14. While GMP is often viewed as a gauge of market sentiment, it is crucial to note that GMP is an unregulated measure, and actual listing prices may differ. As such, it should be used purely for informational purposes.

The day-wise GMP trend indicates a positive movement:

• December 26, 2024: IPO price ₹14, expected listing price ₹19, GMP ₹5 (35.71%)
• December 24, 2024: IPO price ₹14, expected listing price ₹16, GMP ₹2 (14.29%)
• December 23, 2024: IPO price ₹14, expected listing price ₹16, GMP ₹2 (14.29%)

Despite the positive GMP trend, investors should understand that the grey market operates outside the formal exchange system and should not be the sole factor in deciding whether to apply for the IPO.

Subscription Status of Anya Polytech & Fertilizers IPO

As of 10:55 AM on December 27, 2024, the subscription status of Anya Polytech & Fertilizers IPO shows that the issue has been subscribed 15.19 times on the second day of its subscription period. This indicates strong demand from investors across categories. The subscription figures provide an indication of market interest and can influence decisions, especially for Retail Investors (RIs) and High Net-Worth Individuals (HNIs).

Company Overview and Financial Performance

Anya Polytech & Fertilizers is led by Mr. Yashpal Singh Yadav, the promoter and chairman with over 15 years of experience in the fertilizer and plastic packaging industries. The company’s financial performance has demonstrated steady growth in recent years, as shown by the following figures:

• Revenue from operations (June 30, 2024): ₹4,073.32 Lakh
• EBITDA for FY 2024: ₹249.23 Lakh
• Profit after Tax (PAT) for FY 2024: ₹453.69 Lakh
• Pre-issue EPS: ₹1.09 (Post-issue EPS: ₹0.83)
• Pre-issue P/E ratio: 12.84x (Post-issue P/E ratio: 16.84x)
• Industry P/E ratio: 32x

The company also boasts a Return on Capital Employed (ROCE) of 16.47%, Return on Equity (ROE) of 28.25%, and a Return on Net Worth (RoNW) of 25.73%. The pre-issue price-to-earnings ratio is relatively attractive when compared to the industry’s P/E ratio of 32x, suggesting that the IPO is fairly priced.

Recommendation for Investors

Given the strong financial growth and attractive valuation metrics, Anya Polytech & Fertilizers IPO offers a good opportunity for risky investors seeking listing gains. With an expected GMP of ₹5, this could lead to significant gains for those willing to take on some risk. However, it is important to keep in mind the volatility and inherent risks associated with SME IPOs.

Conclusion

Anya Polytech & Fertilizers IPO stands out with its solid financials and robust market demand as reflected in the GMP and subscription trends. Retail investors seeking exposure to the fertilizer and environmental solutions sectors should consider this IPO, especially with its competitive pricing and positive market sentiment. For real-time updates on subscription status and GMP, stay connected with us.

The Upcoming IPOs in this week and coming weeks are Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Citichem India and Anya Polytech.

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