The Anya Polytech IPO is a book-built issue worth ₹44.80 crores, consisting of a fresh issue of 3.2 million shares. The IPO opened for subscription on December 26, 2024, and will close on December 30, 2024. Allotment is expected to be finalized by December 31, 2024, with the listing scheduled on the NSE SME on January 2, 2025.
The price band for the IPO is ₹13 to ₹14 per share. The minimum application lot size for retail investors is 10,000 shares, requiring an investment of ₹1,40,000. For High Net-Worth Individuals (HNIs), the minimum lot size is 20,000 shares, amounting to ₹2,80,000.
Here are the details for the Anya Polytech IPO:
- IPO Subscription Period: December 26, 2024 to December 30, 2024
- Listing Date: January 2, 2025
- Face Value: ₹2 per share
- Price Band: ₹13 to ₹14 per share
- Lot Size: 10,000 shares
- Total Issue Size: 3,20,00,000 shares (aggregating up to ₹44.80 crores)
- Fresh Issue: 3,20,00,000 shares (aggregating up to ₹44.80 crores)
- Issue Type: Book Built Issue IPO
- Listing On: NSE SME
- Shareholding Pre-Issue: 8,80,00,000 shares
- Shareholding Post-Issue: 12,00,00,000 shares
- Market Maker Portion: 16,00,000 shares
- Market Maker: X Securities Private Limited
Here is the tentative schedule for the Anya Polytech IPO:
- IPO Open Date: Thursday, December 26, 2024
- IPO Close Date: Monday, December 30, 2024
- Basis of Allotment: Tuesday, December 31, 2024
- Initiation of Refunds: Wednesday, January 1, 2025
- Credit of Shares to Demat Accounts: Wednesday, January 1, 2025
- Listing Date: Thursday, January 2, 2025
- Cut-off Time for UPI Mandate Confirmation: 5:00 PM on Monday, December 30, 2024
The Anya Polytech IPO lot size details are as follows:
- Retail Investors (Minimum and Maximum):
- Lots: 1
- Shares: 10,000
- Investment Amount: ₹1,40,000
- High Net-Worth Individuals (HNI) (Minimum):
- Lots: 2
- Shares: 20,000
- Investment Amount: ₹2,80,000
The Anya Polytech IPO offers a total of 3,20,00,000 shares, with the following reservation details:
- Anchor Investor Shares: 91,00,000 shares (28.44%)
- Market Maker Shares: 16,00,000 shares (5%)
- Qualified Institutional Buyers (QIB): 60,84,000 shares (19.01%)
- Non-Institutional Investors (NII / HNI): 45,68,000 shares (14.27%)
- Retail Investors (RII): 1,06,48,000 shares (33.28%)
Total Shares Offered: 3,20,00,000 shares (100%)
The promoters of Anya Polytech are Mr. Yashpal Singh Yadav and Anya Agro & Fertilizers Private Limited.
- Shareholding Pre-Issue: 89.19%
- Shareholding Post-Issue: 65.40%
About Anya Polytech & Fertilizers Limited
Incorporated in 2011, Anya Polytech & Fertilizers Limited is engaged in the manufacturing of fertilizers and packaging solutions, alongside providing environmental solutions. The company specializes in the production of high-quality High-Density Polyethylene (HDPE) and Polypropylene (PP) bags, as well as Zinc Sulphate fertilizers.
Manufacturing and Operations
Anya Polytech began its commercial production in January 2013. With a production capacity exceeding 750 lakh bags per year, the company operates at full capacity, generating an annual turnover of over ₹100 crores from its bags and fertilizers (Zinc Sulphate Division).
Product Offerings
- HDPE (High-Density Polyethylene) Bags: These bags are widely used for bulk packaging of commodities such as food grains, sugar, urea, and cement. HDPE bags offer a cost-effective and efficient alternative to traditional jute bags, providing enhanced storage, transportation, and distribution capabilities.
- PP (Polypropylene) Bags: The company manufactures PP woven fabric and a variety of bags for packaging fertilizers, food grains, seeds, and cement. PP woven fabric is also utilized to produce sacks, tarpaulins, ground cover fabric, FIBCs, big bags, and other packaging solutions.
- Fertilizers (Zinc Sulphate): Anya Polytech produces Zinc Sulphate fertilizers, essential for preventing zinc deficiency in plants. These fertilizers support plant growth, protein synthesis, auxin production, and improve crop yield and overall plant health. The company also manufactures Zinc Sulphate Monohydrate, used in veterinary and poultry industries, ensuring quality and purity.
As of January 31, 2024, Anya Polytech employs 126 people.
Competitive Strengths
- Technology Upgradation
- Wide Range of Products
- Skilled Marketing Team
- Commitment to Quality
- Focus on Customer Needs
Company Financials
Anya Polytech & Fertilizers Limited – Restated Consolidated Financial Information
Anya Polytech & Fertilizers Limited reported an 8% increase in revenue and a 75% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2023.
The financial performance for the periods ended is summarized below (amounts in ₹ Lakhs):
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11,162.37 | 11,136.25 | 9,655.76 | 6,103.30 |
| Revenue | 4,073.32 | 12,505.80 | 11,601.88 | 9,198.21 |
| Profit After Tax (PAT) | 453.69 | 997.71 | 570.33 | 70.22 |
| Net Worth | 4,159.94 | 3,721.28 | 2,733.76 | 2,534.94 |
| Reserves and Surplus | 1,034.80 | 584.80 | (409.22) | (975.86) |
| Total Borrowings | 4,794.51 | 4,917.65 | 5,122.59 | 2,656.29 |
The company has shown consistent growth in revenue and profitability, reflecting strong financial performance in recent years.
Key Performance Indicators (KPI)
As of March 31, 2024, the market capitalization of Anya Polytech IPO stands at ₹168.00 crores. The key performance indicators are as follows:
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 28.25% |
| Return on Capital Employed (ROCE) | 16.47% |
| Debt/Equity Ratio | 1.22 |
| Return on Net Worth (RoNW) | 25.73% |
| Profit After Tax (PAT) Margin | 7.76% |
| Price to Book Value | 3.31 |
Peer Comparison (Pre and Post IPO)
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| Earnings Per Share (EPS) (₹) | 1.13 | 1.51 |
| Price to Earnings Ratio (P/E) (x) | 12.35 | 9.26 |
Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as of the date of the Red Herring Prospectus (RHP) and the latest available fiscal year earnings as of March 31, 2024.
- The Post-IPO EPS is calculated based on the post-issue shareholding and the annualized earnings for the fiscal year ending June 30, 2024, as disclosed in the RHP.
Objects of the Issue (Anya Polytech IPO)
The Company intends to utilize the proceeds from the IPO for the following purposes:
- To meet capital expenditure and working capital requirements of Anya Polytech & Fertilizers Limited.
- To set up a new project at Yara Green Energy Private Limited, a subsidiary company, along with meeting its working capital needs.
- To fulfill working capital and capital expenditure requirements of Arawali Phosphate Limited, a subsidiary company.
- For general corporate purposes.
