Anya Polytech & Fertilizers Limited is set to launch its initial public offering (IPO) from December 26 to December 30, 2024, with the aim of raising approximately ₹44.80 crores. The IPO will consist of a fresh issue of 3.20 crore equity shares, priced between ₹13 and ₹14 per share. Established in 2011, Anya Polytech specializes in manufacturing HDPE and PP bags, along with zinc sulfate fertilizers for agricultural applications. The funds raised will be utilized for capital expenditures, working capital needs, and expanding production capabilities.
₹7
₹14
₹17.10
Expert Opinions
Market sentiment for the Anya Polytech IPO is cautiously optimistic, reflecting growing interest in the agricultural sector, particularly in sustainable products. Company strengths include a solid track record in manufacturing HDPE and PP bags, as well as zinc sulfate fertilizers, which are essential for modern agriculture. The company has demonstrated consistent revenue growth, with revenues increasing from ₹116.02 crores in 2023 to ₹125.06 crores in 2024.
However, risks and challenges include fluctuations in raw material prices and competition from larger players in the market. The company’s debt-to-equity ratio of 1.22 indicates a manageable level of debt, further enhancing its financial stability and attractiveness to investors. From a long-term investment perspective, Anya Polytech is well-positioned to capitalize on increasing agricultural demands, making it an appealing option for investors seeking exposure to this essential sector while being mindful of market dynamics.
Investor Considerations
Investors considering the Anya Polytech IPO should evaluate several important factors. Company performance and fundamentals are robust, with the company reporting a revenue increase from ₹116.02 crores in 2023 to ₹125.06 crores in 2024, alongside a significant profit surge of 75%. The sector outlook is positive, driven by increasing agricultural demand and government initiatives to enhance domestic fertilizer production.
The IPO valuation, set between ₹13 and ₹14 per share, appears attractive given the company’s financial metrics, including a return on net worth of 25.73%. Growth prospects are promising as Anya Polytech plans to expand its production capacity and diversify its product offerings. However, risk factors include fluctuations in raw material prices and competition from larger players in the market. A long-term investment horizon is advisable, as Anya Polytech is well-positioned to capitalize on increasing agricultural demands while effectively navigating market challenges.
| Date | GMP | Trend |
|---|---|---|
| 01 Jan 2025 10.58 | ₹7 | --- |
| 31 Dec 2024 10.45 | ₹7 | Up |
| 30 Dec 2024 10.55 | ₹5 | --- |
| 29 Dec 2024 12.04 | ₹5 | --- |
| 28 Dec 2024 11.33 | ₹5 | --- |
| 27 Dec 2024 11.12 | ₹5 | --- |
| 26 Dec 2024 11.16 | ₹5 | --- |
| 25 Dec 2024 11.21 | ₹5 | --- |
| 24 Dec 2024 11.01 | ₹5 | Up |
| 23 Dec 2024 11.52 | ₹00 | --- |
| 22 Dec 2024 12.06 | ₹00 | --- |
| 21 Dec 2024 11.59 | ₹00 | --- |
| 20 Dec 2024 10.45 | ₹00 | --- |
| 19 Dec 2024 12.35 | ₹00 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Anya Polytech’s listing performance. While the GMP of ₹7 predicted a substantial premium of 50% over the issue price, the stock delivered a more modest gain of 22.14%. With a prediction error of 18.57%, the GMP correctly predicted the positive listing direction but significantly overestimated the magnitude of gains, demonstrating partial reliability as a directional indicator in this case.
Anya Polytech IPO Current GMP is ₹7.
Anya Polytech IPO Expected Returns is 50.00%.
Anya Polytech IPO estimated listing price is ₹21.