Anya Polytech IPO Listing: Shares of fertilizer and bag maker Anya Polytech & Fertilizers had a good entry on NSE SME today. Its IPO received overall bids of more than 439 times. Shares have been issued under the IPO at a price of Rs 14. Today it has entered NSE SME at Rs 17.10, which means IPO investors got a listing gain of 22.14 percent (Anya Polytech Listing Gain). After listing the shares went up further. It jumped and reached the upper circuit of Rs 17.95 (Anya Polytech Share Price), which means IPO investors are now making 28.21 percent profit.
Anya Polytech IPO got strong response
Anya Polytech & Fertilizers’ ₹44.80 crore IPO was open for subscription from December 26-30. In this, 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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