The Anya Polytech & Fertilizers Ltd IPO is making waves in the market with its public offering that opened for subscription on December 26, 2024, and will close on December 30, 2024. As an SME IPO, Anya Polytech is offering a fresh issue of 3.2 crore shares, aiming to raise approximately ₹45 crore. This article covers the essential details about the IPO, the company’s business, and the latest grey market premium (GMP), providing investors with the insights needed to make an informed decision.
Anya Polytech IPO (APFL) Overview
Anya Polytech & Fertilizers Ltd specializes in the manufacturing of high-quality HDPE and PP bags, as well as fertilizers and micronutrient mixtures to meet agricultural needs. Their product portfolio includes Zinc Sulphate Fertilizers, Single Super Phosphate (SSP), and a variety of other agricultural products. With a capacity to produce millions of bags annually, Anya Polytech plays a significant role in the packaging and fertilizers sector.
The price band for the APFL IPO has been set at ₹13 to ₹14 per share. As per market data, the company is aiming to raise ₹44.80 crore, and the lot size for the IPO is 10,000 shares. This offering will be divided into different sections: 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors.
Anya Polytech IPO GMP (Grey Market Premium)
As of December 26, 2024, the GMP for the Anya Polytech IPO is ₹4, indicating a potential listing price of ₹18, representing a 28.57% premium over the upper price band of ₹14. The GMP provides an indication of the expected listing gain and investor sentiment. If the GMP trend holds, investors can anticipate a strong listing, which could result in a positive return.
The grey market premium is an unofficial indicator, but it is widely used to gauge the potential listing performance of an IPO. The latest data suggests a robust demand for APFL shares, with the grey market premium hovering around ₹4, which is a positive sign for investors looking to capitalize on the listing.
Subscription Status and Investor Sentiment
By 10:30 AM on Day 1 (December 26), the Anya Polytech IPO had been fully subscribed, with the retail portion oversubscribed by 1.78 times. The non-institutional portion was subscribed at 0.55 times, and institutional subscriptions were yet to pick up significantly. This early subscription data reflects strong interest from retail investors, which is often an encouraging sign for the company.
Anya Polytech’s IPO has drawn attention not only because of the strong grey market premium but also due to its diverse business operations in the fertilizers and packaging industries, both of which have consistent demand in the agricultural sector.
APFL IPO Use of Proceeds
The funds raised through the IPO will be used to meet working capital requirements, fund capital expenditure, and support the expansion of subsidiary projects, including the setup of new facilities under Arawali Phosphate Ltd and Yara Green Energy Pvt Ltd. These investments aim to bolster the company’s position in the agricultural sector and support its growth trajectory.
Key Dates to Remember
- IPO Opening Date: December 26, 2024
- IPO Closing Date: December 30, 2024
- IPO Allotment Date: December 31, 2024
- Expected Listing Date: January 2, 2025
How to Apply for Anya Polytech IPO
Interested investors can apply for the Anya Polytech IPO through ASBA (Application Supported by Blocked Amount) in the retail segment. The minimum lot size is 10,000 shares, which amounts to ₹140,000, making this an investment option suited for those looking to invest in SME IPOs.
Conclusion
The Anya Polytech & Fertilizers Ltd IPO presents an exciting investment opportunity for those looking to participate in the agricultural and packaging sectors. With a strong grey market premium (GMP) of ₹4, and a robust demand from retail investors, the IPO is set for a potentially profitable listing.
For more detailed updates and live tracking of IPO news, including subscription status and listing price predictions, you can visit high-authority sites such as Moneycontrol and Economic Times.
Additionally, for more insights on Anya Polytech’s financial performance and IPO details, check out Research and Investment.
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