2 weeks Ago
The shares of fertilizer manufacturing firm Anya Polytech & Fertilizers are set to debut on Dalal Street on Thursday, with the equity shares of the company listing on the NSE SME platform. Ahead of the listing, the company's shares were trading with a GMP of Rs 6 in the grey market, reflecting a bullish trend in the unlisted market. With the upper price band of Rs 14 for the IPO (initial public offering) of Anya Polytech & Fertilizers, the stock is expected to give solid gains if the current trends sustain.
Considering Anya Polytech & Fertilizers’ latest GMP, the estimated listing price of the company’s shares would be Rs 20 apiece, which reflects a premium of nearly 43% to the IPO price of Rs 14 per share. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. Anya Polytech & Fertilizers IPO opened for subscription on December 26 and the issue closed on December 30.
The IPO allotment was finalised on December 31. Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
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80 crore from the book-built issue which was entirely a fresh issue of 320 lakh shares. The IPO of Anya Polytech & Fertilizers garnered an overwhelming response from market participants, achieving an overall subscription of 439.8 times by its close.
The retail investors portion was subscribed 321.53 times, while the non institutional investors subscribed by 1,100.39 times.
Meanwhile, the qualified institutional buyers category was booked 150.8 times. In FY24, the company reported a revenue of Rs 12,341.
77 lakh, with an EBITDA of Rs 1,648.73 lakh and a Profit After Tax (PAT) of Rs 957.55 lakh.
Anya Polytech & Fertilizers specializes in manufacturing of high-quality HDPE & PP bags, Zinc Sulphate Fertilizers in Mono and Hepta Hydrate forms, and Micronutrient Mixtures for agricultural needs. Other than manufacturing, Anya also engaged in trading of various agricultural products, including SSP, Organic Potash, Zinc EDTA, PROM, Ferrous Sulphate, Magnesium Sulphate, Micronutrient Mixtures, Copper Sulphate, Certified Seeds and Cattle feed. The book running lead manager of the Anya Polytech & Fertilizers IPO is Beeline Capital Advisors Pvt Ltd, while Skyline Financial Services Private Ltd is the registrar for the issue.
The market maker for Anya Polytech IPO is Spread X Securities. Also read | IPOs steal the December thunder with 5 multibaggers, 66% average return ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
