Anya Polytech & Fertilizers Limited is gearing up for an exciting market debut with their ₹44.80 crore IPO, offering investors a chance to be part of their growth story in the essential sectors of agricultural inputs and industrial packaging. The company is releasing 320 lakh fresh shares, opening a window of opportunity for investors from December 26 to December 30, 2024. With a strategic price band of ₹13-14 per share and a face value of ₹2, this NSE SME listing presents an accessible entry point for both retail investors and HNIs to participate in the company's expansion journey.
The IPO structure demonstrates careful consideration for different investor categories, with retail investors able to start their investment journey at ₹140,000 for one lot of 10,000 shares, while HNIs can engage more substantially with a minimum two-lot investment of ₹280,000. The company has designed a swift and efficient post-subscription process, with share allotment notifications scheduled for December 31, 2024, leading up to their anticipated NSE SME platform debut on January 2, 2025. Don't miss this opportunity to be part of a company that's weaving together the future of agricultural and packaging solutions - mark your calendar for December 26, 2024, and get ready to participate in Anya Polytech's growth story!
Anya Polytech & Fertilizers Limited IPO is a fundraise worth ₹44.80 crores comprising purely of a fresh issue of 3,20,00,000 shares with 16,00,000 shares reserved for the market maker Spread X Securities Private Limited. Qualified Institutional Buyers are being offered not more than 50% of the net issue, retail investors are being offered not less than 35% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered not less than 15% of the net issue. The IPO will be available for subscription from December 26, 2024, to December 30, 2024, providing an opportunity for investors looking to gain a stake in the fertilizers space.
| Anya Polytech & Fertilizers IPO Date | December 26, 2024 - December 30, 2024 |
| Price Band | ₹13 to ₹14 per share |
| Face Value | ₹2 per share |
| Lot Size | 10,000 shares |
| Issue Type | Book Built Issue IPO |
| Fresh Issue Size | 3,20,00,000 shares worth ₹44.80 crores |
| Total Issue Size | 3,20,00,000 shares worth ₹44.80 crores |
| Listing at | NSE SME |
| Market Maker Portion | 16,00,000 - Spread X Securities Pvt Ltd |
| Share Holding Post Issue | 12,00,00,000 |
| Share Holding Pre Issue | 8,80,00,000 |
The Anya Polytech & Fertilizers Limited IPO opens for subscription on December 26, 2024, and closes on December 30, 2024, with allotment scheduled for December 31, 2024.
| IPO Open Date | December 26, 2024 (Thursday) |
| IPO Close Date | December 30, 2024 (Monday) |
| Basis of Allotment | December 31, 2024 (Tuesday) |
| Initiation of Refunds | January 1, 2025 (Wednesday) |
| Credit of Shares to Demat Account | January 1, 2025 (Wednesday) |
| Listing Date on NSE SME | January 2, 2025 (Thursday) |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on December 30, 2024 (Monday) |
Anya Polytech & Fertilizers Limited, established in 2011, has evolved into a dual-segment manufacturer specializing in high-quality packaging solutions and agricultural inputs. Since commencing commercial operations in January 2013, the company has achieved an impressive production capacity of 750 Lakh bags annually and generates over Rs. 100 crores in turnover from its combined bags and fertilizer divisions. Their product portfolio includes HDPE bags, which serve as a cost-effective alternative to traditional jute packaging for commodities like food grains and cement, and PP bags used for packaging fertilizers, seeds, and other materials.
The company has diversified into the agricultural sector through its Zinc Sulphate fertilizer production, which addresses plant zinc deficiency and supports overall crop health. This product line extends to veterinary and poultry applications, where their high-quality Zinc Sulphate Monohydrate has established a strong market presence. Operating with a workforce of 126 employees as of January 2024, the company has positioned itself as a comprehensive solution provider in both the packaging and agricultural sectors, offering environmental solutions alongside its core manufacturing activities.
The IPO proceeds will be strategically deployed across multiple growth initiatives: funding capital expenditure and working capital requirements in the parent company Anya Polytech & Fertilizers Limited, establishing a new project in their subsidiary Yara Green Energy Private Limited including its working capital needs, supporting working capital and capital expenditure requirements in another subsidiary Arawali Phosphate Limited, and addressing general corporate purposes. This allocation demonstrates the company's balanced approach to strengthening both its core operations and subsidiary ventures while maintaining flexibility through general corporate funding.
The Anya Polytech & Fertilizers Limited IPO has caught the eyes of investors as the company reportedly saw an annual rise of 8% in its revenue and 75% yearly increase in the Profit After Tax (PAT), during the financial year ended March 31, 2024.
As of March 31, 2024, the key performance indicators reflect the company's financial health with a Return on Equity (RoE) of 28.25%, Return on Capital Employed (RoCE) at 16.47% and a Debt-to-Equity ratio of 1.22. The Return on Net-Worth (RoNW) stands at 25.73%, and the PAT Margin was 7.76%. The Price to Book Value was 3.31. The company’s market capitalisation is ₹168 crore.
| Period Ended | June 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 4,073.32 | 12,505.80 | 11,601.88 | 9,198.21 |
| Assets | 11,162.37 | 11,136.25 | 9,655.76 | 6,103.30 |
| Net Worth | 4,159.94 | 3,721.28 | 2,733.76 | 2,534.94 |
| Profit After Tax | 453.69 | 997.71 | 570.33 | 70.22 |
| Reserves & Surplus | 1,034.80 | 584.80 | -409.22 | -975.86 |
| Total Borrowing | 4,794.51 | 4,971.65 | 5,122.59 | 2,656.29 |
Amount in ₹ crores
The pre-IPO EPS is at ₹1.13 while the post-IPO EPS will be ₹1.51. Similarly, the pre-IPO Price to Earnings ratio is 12.35 and will become 9.26 post-IPO.
Anya Polytech & Fertilizers Limited demonstrates strong technological capabilities through continuous R&D investment and modernization efforts, keeping them competitive in both fertilizer and packaging segments. Their diverse product portfolio, encompassing high-quality HDPE & PP bags and Zinc Sulphate fertilizers, caters to varied industry needs while meeting sustainable packaging demands. The company maintains robust market presence through an effective marketing and sales team that implements strategic expansion initiatives and focuses on understanding and meeting customer needs.
The company's commitment to quality products and customer satisfaction has helped build strong relationships in the industry. Their focus on technological advancement ensures innovation and efficiency in manufacturing processes, while their expansion into subsidiary projects indicates a strategic approach to revenue diversification. The experienced promoter and management team brings valuable industry knowledge and operational expertise to guide the company's growth trajectory.
The company faces significant operational risks due to its dependency on leased properties, including its registered office, corporate office, and manufacturing facilities, where non-renewal of lease agreements could severely impact operations. Their business model shows high customer concentration risk, with approximately 70-77% of revenue coming from just two customers between 2022-2024, making them vulnerable to potential revenue disruptions if these relationships deteriorate. Additionally, the lack of long-term agreements with raw material suppliers exposes them to price fluctuations and potential supply chain disruptions.
Other critical challenges include ongoing legal proceedings that could affect their reputation and financial performance, limited insurance coverage for operational hazards, and significant exposure to agricultural sector performance through their fertilizer business. The company's single manufacturing facility in Shahjahanpur, U.P., creates operational vulnerability, while their marketing dependency on Krishak Bharati Co-operative Limited poses business risk if the agreement terms aren't met. They also face challenges from regulatory changes in the fertilizer industry, credit risks from payment delays, and potential technological obsolescence requiring significant modernization investments.
An investment in Anya Polytech & Fertilizers Limited's IPO offers potential participation in a dual-sector growth story, combining the essential markets of agricultural inputs and industrial packaging. With an established operational history since 2011 and a robust annual production capacity of 750 Lakh bags generating over Rs. 100 crores in turnover, the company has demonstrated its execution capabilities in both the fertilizer and packaging segments.
Before investing, however, it's crucial to conduct thorough due diligence by examining the company's financial performance, competitive position, growth plans, and market dynamics in both the fertilizer and packaging industries. Investors should evaluate their personal financial goals and risk tolerance, and consider consulting the detailed offer document or financial advisors to make a well-informed decision about participating in this IPO opportunity.
What is the Anya Polytech & Fertilizers IPO?
The Anya Polytech & Fertilizers Limited IPO is an NSE SME offering consisting of 3,20,00,000 equity shares with a face value of ₹2 per share, aiming to raise to ₹44.80 crore. The price band has been set between ₹13 to ₹14 per share, with a minimum order quantity of 10,000 shares. This IPO will be open for subscription from December 26, 2024, to December 30, 2024. Beeline Capital Advisors Private Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar while Spread X Securities Private Limited is the market maker.
When will the Anya Polytech & Fertilizers IPO open?
The Anya Polytech & Fertilizers Limited IPO will open for subscription on December 26, 2024, and will close on December 30, 2024.
When is the Anya Polytech & Fertilizers IPO listing date?
The tentative listing date for the Anya Polytech & Fertilizers Limited IPO is Thursday, January 2, 2025.
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