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Another Polytech IPO: Bidding for the IPO of Anya Polytech and Fertilizer started on 26th December and will continue till 30th December. Meanwhile, its shares have been subscribed 23.74 times. Whereas its bidding process is still to continue till December 30. It is clear that the IPO of this company is going to make the investors rich. The IPO of this company has been issued with an issue size of 3 crore 20 lakh shares with a price band of Rs 13-14. The face value of each share is at the rate of two rupees.
Company will invest in purchasing plant and machinery
Anya Polytech has announced that it will invest the money raised through IPO in purchasing plant and machinery. Working capital needs will also be met through this. The company is also preparing for some new projects through its subsidiary named Yara Green Energy Private Limited. Apart from this, the company also needs some working capital for Aravali Phosphate Limited. Beeline Capital Advisors is the running lease manager of the IPO of this company. Skyline Financial Services Private Limited is the registrar of this IPO issue.
The company is a big name in fertilizer production.
Anya Polytech and Fertilizer, the company which brought IPO, is a big name in the field of fertilizer production. It also produces PP bags, zinc sulphate fertilizer and micro nutrient mixture etc. for agricultural needs. The company always remains in demand due to the wide range of products it produces for farming needs. For this reason, investors also have high expectations from the IPO of this company. The company had hoped to raise Rs 44.80 crore with the listing on the NSE Emerge platform. But even before the IPO, the company has raised more than a quarter of the expected amount i.e. Rs 12 crore 74 lakh through anchor investors.
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