December 21, 2024
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Anya Polytech listing Review
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Anya Polytech IPO allotment Link
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Subscription status of Anya Polytech IPO
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Anya Polytech IPO (Day 1) Price Rs. ? Lot ? shares, Rs.? Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Anya Polytech?
Founded in 2011, Anya Polytech & Fertilizers Limited specializes in the manufacturing of fertilizers, bags, and the provision of environmental solutions.
The company produces high-quality High-Density Polyethylene (HDPE) and Polypropylene (PP) bags, as well as Zinc Sulphate fertilizers.
Anya Polytech & Fertilizers Limited commenced commercial production in January 2013. With a robust production capacity of over 75 million bags annually, the company now operates at full capacity, generating a turnover of over Rs. 100 crores from its bags and Zinc Sulphate fertilizer divisions.
Product Portfolio:
- HDPE Bags: HDPE (High-Density Polyethylene) bags are extensively used across India for bulk packaging of commodities like food grains, sugar, urea, cement, and more. These bags are a cost-effective and high-performance alternative to traditional jute bags, providing superior storage, transportation, and distribution capabilities.
- PP Bags: The company manufactures PP (Polypropylene) woven fabric, producing a variety of bags for packaging products such as fertilizers, food grains, seeds, and cement. Additionally, PP woven fabric is used to create sacks, tarpaulins, ground cover fabric, FIBC, big bags, and other packaging solutions.
- Zinc Sulphate Fertilizers: Anya Polytech & Fertilizers Limited manufactures Zinc Sulphate fertilizers, which are vital for preventing zinc deficiency in plants, promoting growth, protein synthesis, auxin production, and improving crop yield, quality, and overall plant health. The company also produces Zinc Sulphate Monohydrate, widely utilized in the veterinary and poultry industries for various formulations. All products undergo rigorous quality testing to ensure purity and excellence, strengthening the company’s market position.
As of January 31, 2024, the company employs 126 individuals.
Get more information about the company @ https://www.apfl.in/
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Anya Polytech IPO Details |
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| IPO opens on | 26 December 2024 |
| IPO closes on | 30 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32000000 Shares / Rs 44.80 Crore |
| * Fresh Issue | 32000000 Shares / Rs 44.80 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 1600000 Shares |
| Net offer to Public | 30400000 Shares/ Rs.42.56 Crore |
| Face Value per share | Rs. 2 |
| Price Band | Rs. 13-14 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 10000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 15200000 | 21.28 |
| NII (15%) | 4560000 | 6.38 |
| RII (35%) | 10640000 | 14.90 |
| Total Shares | 30400000 | 42.56 |
| Retail portion will be oversubscribed by |
1064 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 10000 Shares | Rs.140000 |
| Min HNI Application | 20000 Shares | Rs. 280000 |
Who are the Promoters of Anya Polytech?
Mr. Yashpal Singh Yadav and Anya Agro & Fertilizers Private Limited are the promoters of the company.
What are the Objects of Anya Polytech IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the proceeds towards the following objects:
- To meet Capital Expenditure & Working Capital requirement in Anya Polytech & Fertilizers Limited
- Setting-up new project in Yara Green Energy Private Limited, subsidiary Company, along with working capital requirement.
- To meet Working Capital & Capital Expenditure in Arawali Phosphate Limited, subsidiary Company
- General corporate purposes
Tentative timetable |
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| IPO opens on | 26 December 2024 |
| IPO Closes on | 30 December 2024 |
| IPO Allotment on | 31 December 2024 |
| Refund Initiation | 1 January 2024 |
| Credit of Shares | 1 January 2024 |
| Listing on | 2 January 2025 |
| Registered Office of the Company Anya Polytech & Fertilizers Limited S-2, Level, Upper Ground Floor, Block- E, International Trade Nehru Place, New Delhi 110019 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt. ltd |
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Who is the Registrar to IPO? |
Anya Polytech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Anya Polytech IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 91.98 | 0.70 | – | |
| 2022-23 | 116.02 | 5.70 | ||
| 2023-24 | 125.06 | 9.98 | 1.13 | 25.73 |
| Book Value of the Share on 30.09.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 14 | ||
Key Performance
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| Price/EPS of 23-24 | 12.35 |
| Price/BV Ratio | ? |
| Debt/Equity Ratio | 1.22 |
How Anya Polytech IPO compares with the Peers?
| As on date of RHP | FV | PBV | PE |
| Rs. | Ratio | Ratio of | |
| Anya Polytech | 2 | 3.50 | 12.35 |
| Commercial Syn Bags | 1.97 | 31.68 | |
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Anya Polytech IPO Review
The Company is engaged in the business of manufacturing of high-quality HDPE & PP bags (made from HDPE granules) and Zinc sulphate Fertilizers in primarily two categories; i.e., (i) Mono Hydrate and (ii) Hepta Hydrate. It is also engaged in the manufacturing of Micronutrient Mixture.
Apart from manufacturing, we are also engaged in the trading of Single Super Phosphate (SSP), Organic Potash, Zinc EDTA (Ethylene Diamine Tetraacetate Acid), PROM (Phosphate rich organic manure), Ferus Sulphate, Magnesium Sulphate, Micronutrient Mixture, Copper Sulphate Certified Seeds and Cattle feed.
The company has exhibited sharp rise in the net profit to Rs. 9.98 crore in 2023-24 from the net profit of Rs. 70 lacs only in the year 2021-22. It has negative other equity till 31.3.2023. The company has very high inventory (Rs. 28.61 Crore) and Trade-receivable (Rs. 17.33 Crore) as on 31 March 2024. The fixed assets of the company has increased to Rs. 38.45 crore as on 31.3.2024 from Rs. 17.95 crore on 31.3.2022. Increase in fixed assets is not adequately reflected in its turnover for 2023-24.
Price to book value ratio is not quite attractive compared to peer group company whereas Pe multiple is quite attractive.
+ from fundamental angle: May Apply
+ from grey market angle:
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