Anya Polytech IPO Overview
Anya Polytech & Fertilizers Limited, India’s leading fertilizer and bag manufacturing company, is launching its IPO between December 26, 2024, and December 30, 2024. The IPO, worth ₹44.80 crores, includes a fresh issue of 320 lakh shares. With a price band of ₹13 to ₹14 per share, the IPO seeks to expand the company’s operations while boosting its financial standing.

Financial Snapshot
The company’s financial growth has been steady, as reflected in its revenue and profit figures:

• Revenue from operations grew from ₹9,198.21 lakh in FY22 to ₹12,505.80 lakh in FY24.
• Profit after Tax (PAT) surged from ₹70.22 lakh in FY22 to ₹997.71 lakh in FY24.
• EBITDA increased from ₹493.18 lakh in FY22 to ₹1,852.93 lakh in FY24, showcasing efficient cost management.

Key performance metrics further bolster investor confidence:

• Pre-issue EPS: ₹1.09; Post-issue EPS: ₹0.83
• ROCE for FY24: 16.47%; ROE for FY24: 28.25%
• Industry P/E ratio: 32x, compared to the IPO’s post-issue P/E of 16.84x.

IPO Subscription Details
Investors can bid in lots of 10,000 shares. The minimum investment is:

• Retail investors: ₹1,40,000
• HNIs: ₹2,80,000 (2 lots)

The subscription allotment is expected on December 31, 2024, with shares listing on January 2, 2025, on the NSE SME.

Grey Market Premium and Listing Prospects
The GMP for Anya Polytech IPO stands at ₹2, indicating a potential listing gain of 14.29%. While the GMP reflects positive sentiment, investors are advised to consider it as an informal indicator and focus on the company's fundamentals.

Anchor Investors and Allocation
The company has raised ₹12.74 crores from anchor investors at ₹14 per share, allocating 91,04,000 equity shares. This demonstrates confidence among institutional investors in the company’s potential.

Objectives of the IPO
The IPO proceeds will fund the following:

1. Capital expenditure and working capital needs for the parent company (₹1,269.41 lakh).
2. Setting up a new project under its subsidiary, Yara Green Energy Private Limited, along with working capital requirements (₹1,080 lakh).
3. Expansion and operational needs for Arawali Phosphate Limited, another subsidiary (₹850 lakh).
4. General corporate purposes, ensuring financial flexibility for growth initiatives.

Leadership and Industry Position
Under the leadership of Mr. Yashpal Singh Yadav, the company has established itself as a trusted player in the plastic packaging and fertilizer sectors. With a production capacity of over 750 lakh bags annually, Anya Polytech is well-positioned to benefit from industry growth trends.

Investment Recommendation
Based on the company’s strong financials, attractive pricing, and industry prospects, the IPO appears fairly priced. The potential listing gain of 14.29% may appeal to risk-tolerant investors seeking short-term gains. However, long-term investors should assess the company's ability to sustain growth and execute its proposed projects.

The Current active IPO is Unimech Aerospace, Ventive Hospitality, Senores Pharmaceuticals, Carraro India.

The Closed IPOs are  Transrail Lighting, Mamata Machinery, DAM Capital, Sanathan Textiles, Concord Enviro, Newmalayan Steel, Identical Brain Studios and NACDAC Infrastructure.