Anya Polytech IPO Itemizing: ₹14 share will create a stir? Robust indicators from grey market, examine enterprise well being – INA NEWS

One other Polytech IPO: The IPO of fertilizer and bag maker Anya Polytech & Fertilizers obtained an incredible response from traders. It was subscribed greater than 439 instances in three days. The allotment of its shares has additionally been finalized on December 31. Shares have been issued to IPO traders at a worth of Rs 14 every. Now the itemizing on NSE SME is awaited on January 2. Speaking concerning the grey market, its shares are at GMP (Gray Market Premium) of Rs 6 i.e. 42.86% from the higher worth band of the IPO. That is indicating robust itemizing of shares. Nevertheless, based on market specialists, it should depend upon the enterprise well being of the corporate and market situations on the day of itemizing moderately than indicators from the grey market.

How one can examine standing on registrar skyline’s web site

The standing of whether or not the shares have been obtained or not might be checked by visiting the location of the registrar, Skyline Monetary Companies Pvt. Ltd. Its stepwise course of is given beneath.

Click on on the hyperlink, https://www.skylinerta.com/display_ipo_rightissue_allotment.php.

Click on on Choose Firm and choose Anya Polytech & Fertilizers.

Three choices of DPID/Shopper ID/Folio Quantity, CAF Quantity and PAN will likely be out there. Choose any one in all these and search by giving particulars.

The allotment standing of shares began showing on the display screen exhibiting what number of shares had been allotted.

Anya Polytech IPO received robust response

Within the ₹ 44.80 crore IPO of Anya Polytech and Fertilizers, traders invested cash within the worth band of ₹ 13-₹ 14 and in plenty of 10 thousand shares. This problem obtained a robust response from traders of each class and general it was subscribed 439.8 instances. On this, the portion reserved for Certified Institutional Consumers (QIB) was stuffed 150.8 instances, the portion for Non-Institutional Traders (NII) was 1,100.39 instances and the portion for retail traders was stuffed 321.53 instances.

Beneath this IPO, 3.20 crore new shares with face worth of Rs 2 have been issued. The funds raised by way of these shares will likely be used to fulfill the capital expenditure and dealing capital necessities of the corporate, working capital necessities of its subsidiary Yara Inexperienced Vitality in addition to setup of latest tasks, working capital necessities of its subsidiary Aravali Phosphate. Additionally for capital expenditure and common company functions.

About Anya Polytech & Fertilizers

Anya Polytech and Fertilizers, established within the yr 2011, manufactures fertilizers and luggage. Aside from this, it additionally affords setting associated options. It manufactures excessive density polyethylene (HDPE) and polypropylene (PP) luggage in addition to zinc sulphate compost. Its business manufacturing began in January 2013 and it could possibly generate greater than Rs 7.50 crore yearly.

Speaking concerning the monetary well being of the corporate, it’s constantly getting stronger. Within the monetary yr 2022, it had a web revenue of Rs 70.22 lakh, which jumped to Rs 5.70 crore within the subsequent monetary yr 2022 after which to Rs 9.98 crore within the monetary yr 2023. Throughout this era, the corporate’s income elevated at a compound progress price (CAGR) of greater than 16 % yearly to Rs 125.06 crore. Speaking about this monetary yr 2024-25, within the first quarter April-June 2024, it had achieved a web revenue of Rs 4.54 crore and income of Rs 40.73 crore.

Huge bang on the final day of 2024, NCC will get order value ₹350 crore, now so removed from the goal