The issue attracted strong demand from retail investors, who bid for over 31.43 crore shares by 11:20 am. Meanwhile, non-institutional investors (NIIs) bid for 4.93 crore shares out of the 1,52,10,000 shares reserved for them, oversubscribing 3.2 times the issue.
The company through this IPO raised Rs. 44.80 crore is targeted to be raised and the shares will be listed on the NSE Emerge platform.
The net proceeds from the IPO will be used for the purchase of plant and machinery in another Polytech & Fertilizers Limited and to meet the working capital requirement, setting up a new project along with Yara Green Energy Pvt Ltd, a subsidiary company. Meet the capital requirement, working capital and capital expenditure in Aravali Phosphate Limited, for subsidiary and general corporate purposes.
Price bands for other Polytech and Fertilizers IPOs
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The price band for the IPO per share is Rs. 13 – Rs 14 have been fixed and bids can be made for a minimum quantity of 10,000 shares and in multiples of 10,000.
Anya Polytech & Fertilizers IPO Today GMP
Share of Anya Polytech and Fertilizers in the unlisted market at Rs. was trading at a premium of 3-4, representing a gray market premium (GMP) of 21% over the issue price.
Also Read: Mamta Machinery share price live: Stock rises 5% after blockbuster debut; co at a premium of 147% over the list IPO price
About Anya Polytech and Fertilizers
Another Polytech & Fertilizers Limited specializes in manufacturing high quality HDPE and PP bags, zinc sulphate fertilizers in mono and hepta hydrate forms and micronutrient blends for agricultural needs.
Apart from manufacturing, Anya is also engaged in trading of various agricultural products including SSP, Organic Potash, Zinc EDTA, PROM, Ferrous Sulphate, Magnesium Sulphate, Micronutrients, Copper Sulphate, Certified Seeds and Animal Feed.
Financial performance of other Polytech & Fertilizers
In FY24, the company made Rs. 12,341.77 lakhs in revenue, Rs. 1,648.73 lakhs EBITDA and Rs. Achieved PAT of 957.55 lakhs. By June 2024, the company will generate Rs. 4,039.46 lakhs in revenue, Rs. 902.68 lakhs EBITDA and Rs. Achieved PAT of 441.00 lakhs.
Another Polytech & Fertilizers IPO Listing & Allotment Date
Another Polytech & Fertilizers IPO was opened for subscription earlier today and will be available for bidding till December 30. Meanwhile, the allotment for the IPO is expected to be finalized on December 31 and the listing of shares will take place on January 2.
Beeline Capital Advisors is the book running lead manager for the private issue, while Skyline Financial Services Pvt Ltd is the registrar of the issue.
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