New Delhi: Anya Polytech & Fertilizers IPO has received 15.74 times subscription, as per the latest data available on December 27, 2024 morning. The public issue which opened for subscription on Thursday garnered 27.31 times subscription in the retail category, 0 times in Qualified Institutional Buyer (QIB) portion, and 9.74 times in the Non-Institutional Investors (NII) part. It is a book built issue of Rs 44.80 crores and entirely a fresh issue of 320 lakh shares with a price band of Rs 13-14 per share.
According to investorgain, Anya Polytech IPO GMP was recorded at Rs 4 on December 27 morning. With the price band of Rs 14, the shares are predicted to be listed at Rs 18. The expected gain percentage is 28.57 per cent. GMP figures are not official.
Anya Polytech & Fertilizers IPO allotment, listing details
Anya Polytech & Fertilizers launched Initial Public Offering (IPO) to raise around Rs 45 crore. The company is engaged in the business of manufacturing HDPE & PP bags, zinc sulphate fertilisers and micronutrient mixtures for agricultural use.
Anya Polytech IPO allotment expected on December 31, 2024
Initiation of Refunds process likely to begin on January 1, 2025
The shares are expected to be credited to the demat accounts of eligible shareholders on 1st January
The shares will be listed on the NSE Emerge platform with a tentative date January 2.
Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager
Skyline Financial Services Pvt Ltd is the Registrar to the Issue.
All about Anya Polytech & Fertilizers
Anya Polytech & Fertilizers has informed the SEBI that the IPO proceeds will be utilised to meet the capital expenditure towards purchase of plant & machinery and working capital requirement. The company will also use the funds to set -up a new project in Yara Green Energy Private Ltd, a subsidiary company.
Yashpal Singh Yadav, Managing Director of Anya Polytech & Fertilizers, said, “The funds raised through this IPO will be strategically utilized to expand our product portfolio, acquire advanced plant and machinery, and meet working capital requirements.”
“This endeavour will not only fuel our business expansion but also enhance operational efficiency, driving sustainable growth and creating substantial long-term value,” he added.
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Anya Polytech & Fertilizers IPO opened for subscription on December 27 and close on 31, 2024. It has received 15.74 times subscription so far. The retail portion saw 27.31x oversubscription. The shares will list on the NSE Emerge platform tentatively scheduled for January 2, 2025. The Grey Market Premium (GMP) suggests a potential listing price significantly higher than the issue price. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
