Anya Polytech IPO Itemizing: Higher Circuit as quickly because it was listed, shares priced at ₹ 14 created a stir on entry – INA NEWS

Anya Polytech IPO Itemizing: Shares of fertilizer and bag maker Anya Polytech & Fertilizers had a great entry on NSE SME immediately. Its IPO acquired general bids of greater than 439 occasions. Below the IPO, shares have been issued at a value of Rs 14. Right now it has entered NSE SME at Rs 17.10, which suggests IPO buyers acquired a list acquire of twenty-two.14 p.c (Anya Polytech Itemizing Acquire). After itemizing the shares went up additional. It jumped and reached the higher circuit of Rs 17.95 (Anya Polytech Share Value), which suggests IPO buyers at the moment are making 28.21 p.c revenue.

Anya Polytech IPO acquired sturdy response

Anya Polytech & Fertilizers’ ₹44.80 crore IPO was open for subscription from December 26-30. On this, buyers invested cash within the value band of ₹ 13-₹ 14 and in a lot of 10 thousand shares. This challenge acquired a powerful response from buyers of each class and general it was subscribed 439.8 occasions. On this, the portion reserved for Certified Institutional Consumers (QIB) was stuffed 150.8 occasions, the portion for Non-Institutional Traders (NII) was 1,100.39 occasions and the portion for retail buyers was stuffed 321.53 occasions.

Below this IPO, 3.20 crore new shares with face worth of Rs 2 have been issued. The funds raised by these shares shall 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 recent 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 gives atmosphere associated options. It manufactures excessive density polyethylene (HDPE) and polypropylene (PP) luggage in addition to zinc sulphate compost. Its industrial manufacturing began in January 2013 and it may well generate greater than Rs 7.50 crore yearly.

Speaking in regards to the monetary well being of the corporate, it’s repeatedly 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 development fee (CAGR) of greater than 16 p.c 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.

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