The Anya Polytech & Fertilizers IPO 2024 is an exciting opportunity for investors, with a price band of ₹13 to ₹14 per share. The book-built issue amounts to ₹44.80 Crores, comprising a fresh issue of 320 Lakh shares. This IPO opens for subscription on December 26, 2024, and closes on December 30, 2024. The allotment date is December 31, 2024, and shares are expected to list on the NSE SME on January 2, 2025.

The market capitalization of Anya Polytech at the upper price band of ₹14 per share is ₹168 Crores. The lot size for retail investors is 10,000 shares, with a minimum investment of ₹1,40,000. High-Net-Worth Individuals (HNIs) can apply for a minimum of 20,000 shares (2 lots), amounting to ₹2,80,000.

IPO Subscription Status and GMP Trends

The Grey Market Premium (GMP) for the Anya Polytech IPO is ₹2 as of December 23, 2024, indicating a potential listing gain of 14.29%, with an expected listing price of ₹16. The GMP is reflective of the demand and supply dynamics in the unorganized market and should be considered for informational purposes only.

Financials and Performance

Anya Polytech & Fertilizers has shown consistent financial growth. 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. The EBITDA for FY24 stands at ₹249.23 Lakh. The P/E ratio of the company is 12.84x pre-issue and 16.84x post-issue, significantly lower than the industry P/E ratio of 32x, indicating that the IPO is attractively priced. The ROCE for FY24 is 16.47%, and the ROE is 28.25%, showing healthy returns on capital and equity.

IPO Objectives and Use of Proceeds

The net proceeds from the Anya Polytech IPO will be used for:

1. ₹1,269.41 Lakh for capital expenditure and working capital.
2. ₹1,080.00 Lakh for setting up a new project at the subsidiary company Yara Green Energy Pvt. Ltd.
3. ₹850.00 Lakh for working capital and capital expenditure for Arawali Phosphate Ltd, another subsidiary.
4. General corporate purposes.

Investment Recommendation

Given the strong financial performance and a reasonable P/E ratio, the Anya Polytech & Fertilizers IPO presents a promising investment opportunity for risk-tolerant investors. With the potential for listing gains, we recommend investors to consider applying for this IPO, especially if you are looking to invest in a company with solid growth potential in the fertilizer and packaging industries.

The Upcoming IPOs in this week and coming weeks are Anya Polytech, Citichem India, Solar91 Cleantech, Rosmerta Digital, Indo Farm, and Avanse Financial. The Current active IPO is Unimech Aerospace, Ventive Hospitality, Senores Pharmaceuticals, Carraro India.
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