The New Delhi-based company, Anya Polytech & Fertilizers, has launched its IPO on Thursday, December 26, 2024, with bidding open until Monday, December 30, 2024. The IPO aims to raise ₹44.80 crore through a fresh issue of equity shares.
IPO Highlights
- Price Band: ₹13–₹14 per share
- Lot Size: Minimum 10,000 equity shares (₹1,40,000 at the upper price band)
- Issue Size: ₹44.80 crore (3,20,00,000 equity shares)
- Market Capitalization: ₹168 crore (post-issue)
Business Overview
Incorporated in 2011, Anya Polytech & Fertilizers operates in three key areas:
- Fertilizers: Producing zinc sulfate fertilizers for agriculture.
- Bag Manufacturing: High-density polyethylene (HDPE) and polypropylene (PP) bags.
- Environmental Solutions: Focused on sustainable initiatives.
The company plans to utilize the proceeds from the IPO for:
- Setting up a new project under Yara Green Energy.
- Capital expenditure and working capital requirements.
- General corporate purposes.
Financial Performance
| Period | Revenue (₹ Crore) | Net Profit (₹ Crore) |
|---|---|---|
| FY 2023-24 | 125.06 | 9.98 |
| Q1 FY 2024-25 | 40.73 | 4.544 |
The company has shown consistent growth, supported by its diverse product portfolio and presence in high-demand industries.
IPO Allocation Structure
- Qualified Institutional Bidders (QIBs): 50% of the net offer
- Non-Institutional Investors (NIIs): 15% of the net offer
- Retail Investors: 35% of the net offer
Anchor Investment
Prior to the IPO, Anya Polytech raised ₹12.74 crore from anchor investors, including prominent names such as:
- Zeta Global Funds
- NAV Capital VCC
- Aarth AIF
- Nexus Equity Growth Fund
- Shina Start Build Cap
Grey Market Premium (GMP)
- Current GMP: ₹3 per share
- Expected Listing Price: ₹17 (₹14 issue price + ₹3 GMP)
- Potential Upside: 22%
The GMP reflects positive sentiment among investors and indicates a likely strong listing on the NSE SME platform.
Listing Details
- Listing Date (Tentative): Thursday, January 2, 2025
- Exchange: NSE SME platform
- Book Running Lead Manager: Beeline Capital Advisors
- Registrar: Skyline Financial Services
- Market Maker: Spread X Securities
Should You Invest?
Pros
- Diversified business model catering to fertilizers, bag manufacturing, and environmental solutions.
- Steady financial performance with profitability and revenue growth.
- Strong anchor investor participation signals institutional confidence.
Risks
- Small-cap IPOs can be subject to higher volatility.
- Dependence on niche markets may limit scalability in competitive sectors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should evaluate their risk appetite and consult a financial advisor before making investment decisions.
Click here to know more.