Market News
4 min read | Updated on December 31, 2024, 12:22 IST
SUMMARY
The ₹44.8-crore NSE SME issue was booked nearly 440 times on the last day of bidding on December 30. The IPO listing date has been tentatively fixed as January 2, 2025. Shares of the company will be listed on the NSE SME platform, Emerge.
Anya Polytech and Fertilizers IPO allotment expected on December 31: Steps to check status on NSE, Skyline Financial Services
Anya Polytech and Fertilizers is expected to announce the IPO share allotment on Tuesday, December 31, after the public offer closed with a robust subscription.
The ₹44.8-crore NSE SME issue received a stellar response from investors during the three-day bidding period that ended on Monday, December 30. The issue opened for subscription on Thursday, December 26.
At the close of bidding, the public offer was booked nearly 440 times. The exchange data showed that the NSE SME issue attracted bids for more than 936.93 crore shares compared to 2.13 crore shares on offer.
The non-institutional investors’ portion was booked more than 1,100 times. NIIs applied for over 502.81 crore shares against 45.68 lakh shares on offer. Retail individual investors placed bids for more than 342.36 crore shares against 1.06 crore shares on offer. The retail portion was subscribed 321.53 times.
The Qualified Institutional Buyers (QIBs) applied for 91.74 crore shares against the quota of 60.84 lakh equity shares. The QIBs segment was subscribed 150.79 times.
In the pre-bid round, the company garnered ₹12.74 crore from anchor investors. It allocated 91 lakh shares to seven fund schemes at ₹14 per share – the upper end of the price band.
Anya Polytech and Fertilizers will finalise the IPO share allotment on Tuesday. The company will inform successful bidders about the share allotment through emails and SMS.
According to its RHP, the company has proposed to issue refunds and start crediting shares to demat accounts on January 1. The IPO listing date has been tentatively fixed as January 2, 2025. Shares of the company will be listed on the NSE SME platform Emerge.
The company has proposed to utilise the IPO proceeds for purchasing plant and machineries and fund working capital requirements.
The company is gearing up to diversify its manufacturing portfolio by entering the production of jumbo bags. To facilitate this transition, the company is preparing to invest in new plant and machinery, ensuring a seamless integration of jumbo bag manufacturing into its existing operations. It will use ₹64 crore for funding working capital requirements.
Anya Polytech and Fertilizers posted a total income of ₹40.73 crore for the April-June quarter of FY 2024-25. Net profit stood at ₹4.53 crore in the period under review.
Its total income stood at ₹125.05 crore in FY 2023-24 compared to ₹116.01 crore in FY 2022-23. Profit after tax (PAT) was ₹9.98 crore in FY24 against ₹5.7 crore in FY23.
Anya Agro and Fertilizers Private Limited and Yashpal Singh Yadav are the company's promoters.
Share Holding Pre Issue | 89.19% |
---|---|
Shareholding post issue | 65.4% |
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