Anya Polytech & Fertilizers Ltd
Anya Polytech & Fertilizers Limited, a prominent player in the manufacturing of HDPE and PP bags and Zinc Sulphate fertilizers, is set to launch its Initial Public Offering (IPO) on December 26, 2024. This IPO presents an opportunity for investors interested in the latest IPOs in India to participate in the company’s growth trajectory.
Company Overview
Established in 2011, Anya Polytech & Fertilizers Limited specializes in producing high-quality High Density Polyethylene (HDPE) and Polypropylene (PP) bags, alongside Zinc Sulphate fertilizers. The company commenced commercial production in January 2013 and has since achieved an impressive annual capacity of over 750 million bags. Operating at full capacity, the company boasts a turnover exceeding ₹100 crores from its bags and fertilizers divisions. Their product portfolio includes:
- HDPE Bags: Utilized for bulk packaging of commodities such as food grains, sugar, urea, and cement, offering a cost-effective alternative to traditional jute bags.
- PP Bags: Manufactured for packaging fertilizers, food grains, seeds, and cement, among other commodities.
- Zinc Sulphate Fertilizers: Essential for preventing zinc deficiency in plants, thereby enhancing crop yield and quality.
IPO Timeline
- IPO Open Date: December 26, 2024
- IPO Close Date: December 30, 2024
- Basis of Allotment: December 31, 2024
- Initiation of Refunds: January 1, 2025
- Credit of Shares to Demat Accounts: January 1, 2025
- Listing Date: January 2, 2025
Price Band and Lot Size
- Price Band: ₹13 to ₹14 per share
- Face Value: ₹2 per share
- Lot Size: 10,000 shares
- Minimum Investment: ₹1,40,000
Key Dates
- IPO Open Date: December 26, 2024
- IPO Close Date: December 30, 2024
- Allotment Date: December 31, 2024
- Listing Date: January 2, 2025
Financials
Anya Polytech & Fertilizers Limited has demonstrated consistent financial growth:
| Period Ended | Revenue (₹ in Lakhs) | Profit After Tax (₹ in Lakhs) |
|---|---|---|
| March 31, 2022 | 9,198.21 | 70.22 |
| March 31, 2023 | 11,601.88 | 570.33 |
| March 31, 2024 | 12,505.80 | 997.71 |
| June 30, 2024 | 4,073.32 | 453.69 |
Strengths
- Technological Advancement: Continuous investment in research and development ensures innovation and a competitive edge.
- Diverse Product Portfolio: Offers a wide range of products catering to various industry needs.
- Strong Marketing Team: Effective strategies have expanded market reach and customer base.
Risks
- Dependency on Leased Properties: Lack of ownership of offices and manufacturing facilities poses renewal risks.
- Ongoing Legal Proceedings: Adverse outcomes could impact reputation and financial performance.
- Customer Concentration Risk: Dependence on a few large customers may affect revenues if key relationships are lost.
IPO Anchor Investors Details
As of now, specific details regarding anchor investors have not been disclosed.
IPO Promoter Holding
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Yashpal Singh Yadav and Anya Agro & Fertilizers Private Limited | 89.19% | 65.40% |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) |
|---|---|
| December 20, 2024 | Not Available |
Note: Grey Market Premiums are subject to change and should be interpreted cautiously.
Final Thoughts
Anya Polytech & Fertilizers Limited’s upcoming IPO offers investors an opportunity to participate in a company with a solid track record in the manufacturing sector. Potential investors should consider the company’s strengths and associated risks, aligning them with their investment objectives and risk tolerance.