Anya Polytech & Fertilizers IPO subscribed 440 times on Day 3; Check allotment and listing date

The initial public offering (IPO) of small and medium enterprise (SME) Anya Polytech and Fertilizers Ltd. continued to garner huge investor demand on Monday, December 30, the third day of bidding.

According to stock exchange data, the NSE SME issue was oversubscribed nearly 440 times at the end of bidding on the last day at 5 pm.

Anya Polytech and Fertilizer IPO received bids for over 936.93 crore shares compared to 2.13 crore shares on offer, resulting in an overall subscription of 439.87 times.

The retail investor applied for more than 342.36 crore shares against 1.06 crore shares set aside for them. The retail portion of the IPO was booked 321.53 times. The Non-institutional investors (NIIs) placed bids for over 502.81 crore shares against 45.68 lakh shares set aside for them, leading to a subscription of 1,100.73 times in the category. The Qualified Institutional Buyers (QIBs) category was booked 150.79 times with bids for 91.74 crore shares against the allocation of 60.84 lakh equity shares.

Last week, the company raised ₹12.74 crore from anchor investors in the pre-bid round, allocating 91 lakh shares to seven fund schemes at a price of ₹14 per share, which is the upper end of the issue's price band.

Anya Polytech and Fertilizers IPO details

The ₹44.8-crore Anya Polytech IPO is a 100% book-built issue and is entirely a fresh issuance of 3.2 crore equity shares. The price band for the offer has been fixed at ₹13 to ₹14 per piece, and the minimum bid quantity to apply is 10,000 shares and in multiples of 10,000 thereafter for retail investors.

Beeline Capital Advisors Pvt. Ltd is the book-running lead manager for the Anya Polytech IPO, while Skyline Financial Services is the registrar.

Anya Polytech and Fertilizers IPO key dates

Anya Polytech IPO will close for subscription on December 30. The IPO share allotment status is likely to be announced on December 31.

The company has proposed to list its shares on January 2, 2025. The stock will be listed on the NSE Emerge platform.

About Anya Polytech and Fertilizers

Anya Polytech and Fertilizers Ltd. manufactures fertilisers and bags and offers environmental solutions. It makes zinc sulphate fertilisers, high-density polyethylene (HDPE) and polypropylene (PP) bags.

Anya Polytech and Fertilizers have proposed to utilise ₹12.69 crore of the IPO proceeds for the purchase of plant and machinery and the working capital needs.

The company will also spend ₹10.8 crore from the IPO funds on a new project of its subsidiary, Yara Green Energy Pvt. Ltd.

Anya Polytech and Fertilizers financials

For the April-June quarter of FY 2024-25, Anya Polytech and Fertilizers reported a total income of ₹40.73 crore, while its net profit stood at ₹4.53 crore during the period.

For the full financial year 2023-24, the company’s total income stood at ₹125.05 crore 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.