The Anya Polytech IPO has created quite a buzz among investors. Opening for subscription on December 26, 2024, this SME IPO is set to close on December 30. The offering, which consists of 3.2 crore shares, aims to raise ₹45 crore. In an impressive start, the IPO was fully subscribed by 10:30 AM on its first day, with retail subscriptions oversubscribed by 1.78 times. In this post, we’ll break down the Anya Polytech IPO subscription status, price band, and all the essential details you need to know about this IPO.
Anya Polytech IPO Subscription Status
The Anya Polytech IPO has seen an impressive response from investors on day one. Here’s a look at the subscription status by 10:30 AM:
| Category | Subscription Status |
|---|---|
| Overall Subscription | 1.01 times |
| Retail Investors | 1.78 times |
| Non-Institutional Buyers (NIBs) | 0.55 times |
| Qualified Institutional Buyers (QIBs) | 0 times (as of 10:30 AM) |
The retail portion of the Anya Polytech IPO has garnered significant attention, with retail subscriptions being oversubscribed at 1.78 times. However, the qualified institutional buyers (QIBs) segment has not seen any bids as of now. With only a few days remaining for the IPO to close, it will be interesting to see how this trend progresses.
Anya Polytech IPO Key Details
Here’s a quick summary of the crucial details regarding the Anya Polytech IPO:
| Detail | Information |
|---|---|
| Price Band | ₹13 to ₹14 per share |
| GMP (Grey Market Premium) | ₹3 (indicating listing at ₹17) |
| IPO Size | ₹45 crore (3.2 crore shares) |
| Subscription Period | December 26 – December 30, 2024 |
| Lot Size | 10,000 shares per lot |
| Reservation | 50% for QIBs, 15% for NIBs, 35% for retail investors |
The GMP (Grey Market Premium) is currently ₹3, which suggests that the shares could be listed at ₹17, offering a premium of 21.43% above the upper price band of ₹14. This is a positive signal for investors considering the Anya Polytech IPO, as a GMP of ₹3 indicates potential for good listing gains.
Use of Proceeds from the Anya Polytech IPO
Anya Polytech plans to use the funds raised from this IPO for several purposes:
- Setting up new projects through its subsidiary companies.
- Meeting working capital requirements.
- Financing general corporate expenses.
These uses align with the company’s growth strategy, focusing on expanding its operations and boosting working capital.
Anya Polytech IPO Allotment and Listing Details
Investors interested in the Anya Polytech IPO should be aware of the important dates related to allotment and listing:
| Event | Date |
|---|---|
| IPO Allotment Date | December 31, 2024 |
| Refund Date | December 31, 2024 |
| Shares in Demat Accounts | January 1, 2025 |
| Listing Date | January 2, 2025 |
According to SEBI’s T+3 rule, Anya Polytech IPO shares will likely be listed on the NSE SME platform on January 2, 2025. Successful bidders will receive their shares in their demat accounts by January 1, while those who did not receive an allotment will have their money refunded on December 31.
Anya Polytech Business Overview
Anya Polytech is a manufacturing company that specializes in producing high-quality HDPE and PP bags, made from HDPE granules. Additionally, the company deals in zinc sulphate fertilizers and single super phosphate (SSP) fertilizers through its subsidiary, Arawali Phosphate Limited. The company’s diverse product offerings in both packaging and agrochemicals give it a unique position in the market. Its focus on these two sectors enhances its potential for growth and sustainability, making it an attractive investment option for IPO investors.
Should You Invest in Anya Polytech IPO?
The Anya Polytech IPO has generated significant interest from retail investors, with strong subscription rates in the retail category. The company’s focus on both packaging and fertilizers provides it with multiple growth avenues. With the GMP pointing toward a promising listing, the Anya Polytech IPO looks set to deliver returns for investors, at least in the short term.
However, investors should also consider the inherent risks that come with investing in SME IPOs, which can be more volatile than larger companies. It’s important to assess your risk tolerance before deciding to invest in Anya Polytech shares.
Conclusion: Should You Apply for Anya Polytech IPO?
In conclusion, the Anya Polytech IPO offers investors an opportunity to participate in the growth of a company with strong fundamentals and a diversified business model. Given the positive GMP and high retail demand, this IPO seems promising for those looking to invest in the SME sector. However, like any investment, it’s essential to do thorough research and ensure it aligns with your investment goals and risk profile.
Keep an eye on the subscription status, GMP, and any changes that may occur before the final allotment date. As always, invest wisely and stay informed.
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