Anya Polytech & Fertilizers Ltd to Launch IPO on Dec 26, 2024

Anya Polytech & Fertilizers Ltd, a manufacturer of HDPE & PP bags, zinc sulfate fertilizers, and micronutrient blends for agricultural needs, has proposed to open its initial public offering (IPO) on December 26, 2024, aiming to raise Rs 44.80 crore along with shares to be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13 – 14 per share and a face value of Rs 2 per share.

Equity Share Allotment

QIB Anchor Share - Not exceeding 91,04,000 equity shares

Qualified Institutional Buyer - Not exceeding 60,80,000 equity shares

Non-Institutional Investors - Not less than 45,68,000 equity shares

Retail Individual Investors - Not less than 1,06,48,000 equity shares

Market Maker - 16,00,000 Equity Shares

The net proceeds from the IPO will be used to meet the working capital requirement in the purchase and working capital requirement of plant and machinery in Anya Polytech & Fertilizers Limited, setting up of a new project in the subsidiary Yara Green Energy Private Limited, as well as the working capital requirement in Aravalli Phosphates Limited, the subsidiary and for general corporate purposes.

The anchor bidding will open on December 24, 2024, and the issue will close on December 30, 2024. Beeline Capital Advisors Pvt Ltd is the book running lead manager to the issue, while Skyline Financial Services Pvt Ltd is the registrar to the issue.

Yashpal Singh Yadav, Managing Director, Anya Polytech & Fertilizers Limited, said, "As we continue with this IPO journey, it marks a transformative milestone in the growth of our company, laying the foundation for future growth and success. With extensive experience and significant presence in the industry, we have emerged as one of the key players.