Shares of Anya Polytech & Fertilizers made a strong debut on the NSE Emerge platform on January 2, 2025, listing at a 22% premium over the issue price. This comes after an overwhelming response to the company’s Rs 44.80 crore SME initial public offering (IPO).
The stock opened at Rs 17.10 per share, significantly higher than its IPO price of Rs 14, reflecting a premium of 22.14%. With this listing, the market capitalization of the Uttar Pradesh-based company stands at Rs 205.20 crore.
Successful IPO Performance
The IPO, which was priced in the range of Rs 13-14 per share with a lot size of 10,000 shares, was oversubscribed over 400 times in the primary market. Ahead of the listing, Anya Polytech & Fertilizers raised Rs 12.74 crore through its anchor book on December 24, 2024.
Anya Polytech & Fertilizers primarily produces HDPE and PP bags, zince sulphate fertilisers, micronutrient mixes, besides trading in the above varieties of single super phosphate fertilisers.
The IPO proceeds would go toward investment in capital expenditure other than for general corpus operations, including working capital, among others. Further, some of the net proceeds of this issue would go to fund the setting up of 1 x 2 TPH biofuel pellet plant set up under Yara Green Energy. The residual amount, however, will be invested in general corporate purposes.
The successful listing of the company underlines the increasing investor interest in SME-focused enterprises, especially those contributing to the agricultural and industrial sectors in India.
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Source: Moneycontrol
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