Money

Anya Polytech & Fertilizers Limited IPO: Subscription Surge as Final Day Approaches


As Anya Polytech & Fertilizers Limited’s Initial Public Offering (IPO) draws to a close today, the subscription levels have exceeded expectations, signaling strong investor confidence in the company.

The IPO, which opened on December 26, 2024, is set to close on December 30, 2024, and has already garnered significant attention, with strong bidding from both retail and institutional investors.

IPO Subscription Hits Over 28 Times

The IPO, offering shares in the price range of ₹13 to ₹14 per share, has seen enthusiastic participation from various investor categories. On the final day of the subscription window, the IPO has been oversubscribed nearly 28.61 times, with total bids crossing over 60.9 million shares compared to the 2.13 million shares on offer.

  • Qualified Institutional Buyers (QIBs) have subscribed 2.91 times, bidding for 1.77 million shares out of the 0.60 million shares reserved for them.
  • Non-Institutional Investors (NIIs) have demonstrated particularly strong interest, oversubscribing by an impressive 18.30 times with bids for 8.36 million shares, far exceeding their quota of 0.46 million shares.
  • Retail Individual Investors (RIIs) have led the charge, subscribing a staggering 47.71 times their allocated share portion, bidding for over 50.8 million shares compared to their quota of 1.06 million shares.

This level of demand suggests that investors are optimistic about the company’s future prospects, driven by its growth potential and the promise of an affordable share price.

Grey Market Premium (GMP) Indicates Positive Sentiment

As of the latest reports, Anya Polytech’s IPO is also trading at a 21% Grey Market Premium (GMP), a positive indicator of investor confidence. The GMP suggests that the shares are expected to list at a price higher than the issue price once they make their debut on the stock exchange.

Offering Details

The IPO aims to raise a total of ₹44.80 crore, which will help the company strengthen its operations and fund future expansion plans. The company is focusing on capitalizing on its presence in the polytech and fertilizers sectors, with a growing demand for its products.

The shares are expected to be listed on the NSE Emerge platform on January 2, 2025, marking an important milestone for the company as it transitions to a publicly listed entity.

What’s Next?

With just a few hours left for the IPO subscription to close, market watchers are keenly awaiting the final subscription figures. Investors who are still interested in subscribing to the IPO must act quickly as the offer closes by the end of today.

As the subscription process concludes, all eyes will be on the allotment process, which is expected to be finalized by December 31, 2024. Investors can expect to know whether they’ve been allocated shares and begin to prepare for the stock’s listing on January 2.


This IPO marks a significant moment for Anya Polytech & Fertilizers Limited, as it seeks to expand its footprint in the growing fertilizer and agriculture sector, poised for long-term growth in both domestic and international markets.

Investors looking to participate in this exciting journey are encouraged to stay informed as the final steps unfold.

Also Read

JSW Energy to Acquire O2 Power for $1.47 Billion and shares soar

Indo Farm Equipment IPO to Open Tomorrow: Key Details for Investors

 

theafricalogistics

Recent Posts

TrumpRx Launch: What the New Drug Pricing Website Means for Patients

In a move that is already making waves across the healthcare and political landscape, US…

4 hours ago

Technology Adoption in African Logistics: Comparing South Africa, Kenya, and Egypt in 2025

Logistics is the backbone of Africa’s economic growth. In 2025, as trade flows expand under…

5 days ago

CSL Shares Plunge Amid Trump’s Tariff Announcement and Strategic Overhaul

CSL Limited (ASX: CSL), one of Australia’s leading biotechnology firms, has seen its share price…

5 days ago

Trump’s 100% Pharma Tariff: What It Means for Indian Drugmakers

U.S. President Donald Trump has announced a 100% tariff on imported branded and patented pharmaceutical…

5 days ago

U.S. Stocks Falter as Strong Growth and Low Jobless Claims Rattle Markets

U.S. equities dipped today, reflecting investor caution as the latest economic data complicates the Federal…

6 days ago

Iron Hill Brewery Shuts Doors: What Led to the Abrupt Closure of All Locations

Iron Hill Brewery & Restaurant, a beloved chain known for its craft beers and casual…

6 days ago