Another Polytech IPO: The IPO of fertilizer and bag maker Anya Polytech & Fertilizers received a tremendous response from investors. It was subscribed more than 439 times in three days. The allotment of its shares has also been finalized on December 31. Shares have been issued to IPO investors at a price of Rs 14 each. Now the listing on NSE SME is awaited on January 2. Talking about gray market, its shares are at GMP (Grey Market Premium) of Rs 6 i.e. 42.86% from the upper price band of IPO. This is indicating strong listing of shares. However, according to market experts, it will depend on the business health of the company and market conditions on the day of listing rather than signals from the gray market.
How to check status on registrar skyline’s site
The status of whether the shares have been received or not can be checked by visiting the site of the registrar, Skyline Financial Services Pvt. Ltd. Its stepwise process is given below.
Click on Select Company and select Anya Polytech & Fertilizers.
Three options of DPID/Client ID/Folio Number, CAF Number and PAN will be available. Select any one of these and search by giving details.
The allotment status of shares started appearing on the screen showing how many shares were allotted.
Anya Polytech IPO got strong response
In the ₹ 44.80 crore IPO of Anya Polytech and Fertilizers, investors invested money in the price band of ₹ 13-₹ 14 and in lots of 10 thousand shares. This issue received a strong response from investors of every category and overall it was subscribed 439.8 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was filled 150.8 times, the portion for Non-Institutional Investors (NII) was 1,100.39 times and the portion for retail investors was filled 321.53 times.
Under this IPO, 3.20 crore new shares with face value of Rs 2 have been issued. The funds raised through these shares will be used to meet the capital expenditure and working capital requirements of the company, working capital requirements of its subsidiary Yara Green Energy as well as setup of new projects, working capital requirements of its subsidiary Aravali Phosphate. Also for capital expenditure and general corporate purposes.
About Anya Polytech & Fertilizers
Anya Polytech and Fertilizers, established in the year 2011, manufactures fertilizers and bags. Apart from this, it also offers environment related solutions. It manufactures high density polyethylene (HDPE) and polypropylene (PP) bags as well as zinc sulphate compost. Its commercial production started in January 2013 and it can generate more than Rs 7.50 crore annually.
Talking about the financial health of the company, it is continuously getting stronger. In the financial year 2022, it had a net profit of Rs 70.22 lakh, which jumped to Rs 5.70 crore in the next financial year 2022 and then to Rs 9.98 crore in the financial year 2023. During this period, the company’s revenue increased at a compound growth rate (CAGR) of more than 16 percent annually to Rs 125.06 crore. Talking about this financial year 2024-25, in the first quarter April-June 2024, it had achieved a net profit of Rs 4.54 crore and revenue of Rs 40.73 crore.
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