The Anya Polytech & Fertilizers IPO, set to raise ₹44.80 Crores, is gaining significant attention as it nears its close on December 30, 2024. The issue, which consists of a Fresh Issue of 320 Lakh shares, opened on December 26, 2024, and has already shown impressive subscription figures, reaching 48.32 times on the final day of subscription. The lot size for retail investors is 10,000 shares, with a minimum investment of ₹1,40,000.

The price band for the IPO is set at ₹13 to ₹14 per equity share, with the company’s market capitalization pegged at ₹168 crore at the upper price band. The IPO is listed on the NSE SME, and the listing date is tentatively set for January 2, 2025.

Company Overview and Financial Performance

Anya Polytech & Fertilizers (APFL) is one of India’s premier manufacturers of fertilizer bags and is recognized for providing innovative environmental solutions. The company boasts a production capacity of 75 million bags annually, positioning itself as a leading player in this sector.

The financial performance of Anya Polytech & Fertilizers has shown consistent growth over recent years. For the period ending June 30, 2024, the company reported revenues of ₹4,073.32 lakh and a profit after tax (PAT) of ₹453.69 lakh. These figures represent steady financial growth from the previous years, with the company showing a 3-year average revenue growth of approximately 10%.

Valuation and Grey Market Premium

The company’s P/E ratio is set at 12.84x pre-issue, and 16.84x post-issue, which is relatively low compared to the industry average of 32x, making the IPO fairly priced. The company’s Annualized EPS stands at ₹2 with a PE ratio of 7x, indicating significant growth potential at the offered price point.

The Grey Market Premium (GMP) for the IPO is showing a 35.71% potential listing gain, with the expected listing price anticipated at ₹19 per share. While GMP is not always an accurate predictor of actual listing performance, it does suggest strong market demand and investor interest in the IPO.

Subscription Status and Investor Sentiment

The live subscription status of the Anya Polytech & Fertilizers IPO reveals strong demand, particularly from High-Net-Worth Individuals (HNIs). The IPO was subscribed 48.32 times as of the final day of subscription, with retail investors showing notable interest in the issue.

The company’s management, led by Mr. Yashpal Singh Yadav, who has over 15 years of experience in the plastic packaging and fertilizer industries, has been a key driver behind the company’s growth and market presence.

Should You Invest in Anya Polytech & Fertilizers IPO?

With the strong subscription demand and a robust Grey Market Premium, the Anya Polytech & Fertilizers IPO presents a potential opportunity for investors seeking listing gains. The financial stability, affordable valuation, and growth prospects in the fertilizer and packaging sectors make this IPO a risky yet attractive proposition for investors willing to take on some volatility.

We recommend risk-tolerant investors to consider applying for the Anya Polytech IPO if looking for listing gains, but it is essential to stay updated on market conditions before taking the final step.

Takeaway

The Anya Polytech & Fertilizers IPO appears poised for a strong debut, with a potential 35% listing gain as indicated by the Grey Market Premium. With its steady growth trajectory and the backing of experienced leadership, this IPO offers attractive prospects for investors looking for short-term gains. However, it is always recommended to exercise caution and do your due diligence before investing.

The Upcoming IPOs in this week and coming weeks are Indo Farm, Technichem Organics, Leo Dry Fruits, Davin Sons, Fabtech Technologies and Standard Glass Lining.

The Current active IPO is Citichem India and Anya Polytech.

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