Anya Polytech Fertilizers Ltd IPO: Date, Price And GMP

Anya Polytech IPO-Complete Overview

Anya Polytech IPO under the SME IPO category is a book-built issue of Rs.44.80 crore by Anya Polytech & Fertilizers Limited, incorporated in the year 2011. The company is engaged in the business of Fertilizers and bags manufacturing and also provides environmental solutions.

Manufactures of Premium HDPE & PP Bags and Zinc Sulphate Fertilizers.

The company began its commercial production in January 2013. Possessing an impressive capacity of above 750 Lakhs bags per year, currently the company operates at full capacity generating turnover of more than Rs.100 crores through its bags and fertilizers (Zinc Sulphate Division).

Company Products:

HDPE Bags: HDPE Bags or High-Density Polyethylene Bags are used by People in India for bulk packing of commodities like food grains, sugar, urea, cement, and so on. These bags serve as a cost-effective, performance-oriented replacement for jute bags and have better features than existing materials for storage, transportation, and distribution.

PP Bags: The company manufactures PP (Polypropylene) woven fabric, and different kinds of bags for packaging fertilizers, food grains, seeds, cement, and others. PP woven fabric is used to produce sacks tarpaulins, ground cover fabric, FIBC, big bags, and other packaging solutions.

Fertilizers (Zinc Sulphate): The company offers Zinc Sulphate fertilizers that help to prevent zinc deficiency and deficient crops, growth, protein synthesis, auxin production, and improved yield, quality, and overall healthy plant growth.

It produces and markets Monohydrate Zinc Sulphate, a common ingredient for multiple formulation preparations in the veterinary and poultry industries. Factory tested for quality and purity, the firm is hence able to create a strong market presence.

Anya IPO Overview

This Anya Polytech IPO date is 26 December, and its ‘initial public offering’ will end on 30 December 2024. 

The Rs.44.80 crore new SME IPO comprises a wholly fresh issue of 320 lac Shares.

This upcoming IPO date is on 26 December 2024. The Anya Polytech IPO Price is Rs.13 to Rs.14 for each Share. 

The expected IPO listing date is Thursday, 02 January 2024, and listing at NSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

The company’s revenue grew by 8% and PAT increased by 75% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

 

Category-wise Revenue Breakdown  

(Amount in lac)

 

Vertical-wise Revenue Breakdown  

(Amount in lac)

 

Geography-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To fulfill Anya Polytech & Fertilizers Limited's capital expenditure and working capital requirements.

• Establishing a new project and determining the working capital needs at Yara Green Energy Private Limited, a subsidiary.

• To cover capital expenditures and working capital for Arawali Phosphate Limited, a subsidiary.

• General corporate purposes.

Peers of Anya Polytech IPO Ltd.

 

Note:-

The basic EPS of the peers is for the financial year ended on 31 March 2024.

Evaluation

The Anya Polytech & Fertilizers Limited IPO share price is Rs.13 to Rs.14 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 March 2024 with an EPS of Rs.1.09 from the last year, the resulting P/E ratio is 12.84x.

Considering the weighted EPS of Rs.0.57 for the last three years, the P/E ratio is 24.56x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 31.98x.

 

In simple words, the P/E ratio of this IPO (12.84x), compared with the industry’s average P/E of 31.98x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Modernization of technology

• Numerous product types

• Marketing teams

• High-quality products

• Customer needs.
  
  

IPO’s Weaknesses

• Lease Dependency: The company does not have ownership of its registered office, corporate office, and manufacturing facilities. Non-renewal of lease agreements on favorable terms will severely affect the trial in operations.
  
  

• Credit Risk: The company is subject to the risk of delays or default by customers in payment of their dues which would endanger the flow of cash and the financial stability of the company, as it relied heavily on trade receivables.

• Technology Decline: The company might face a threat from old technology or machinery, which will require a significant investment in modernization.

• Insurance Limitations: It is foreseeable that current insurance coverage will not suffice for a range of operational hazards like natural disasters or accidents in such an event it would spell a serious financial loss.

• Economic and Political Instability: Inflation or changing interest rates and political instability in India and the rest of the world might lead to significant disruption of business in terms of operations and financial conditions. 

 

 

Anya Polytech IPO GMP

Anya Polytech IPO GMP today has not started yet as of 20 December 2024.

IPO Timetable (Tentative)

The IPO opening date is from December 26 to December 30, 2024, with allotment on December 31, 2024, refund initiation on January 01, 2025, and listing on January 02, 2025.

Anya Polytech IPO Details 

The Anya IPO with a Face Value of Rs.2 per share offers a total issue size of 3,20,00,000 Shares (Rs.44.80 Cr).

Anya Polytech IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (10000 Shares) amounting to Rs.140000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (20000 Shares) amounting to Rs.280000.

 

IPO Reservation (% of Net Issue)

Promoters And Management of Anya Polytech Ltd.

• Mr. Yashpal Singh Yadav

• Anya Agro & Fertilizers Private Limited.
  
  

 

IPO Lead Managers

• Beeline Capital Advisors Pvt Ltd.

Dividend Policy

The company has not paid dividends in the last three FYs.

Conclusion

Anya Polytech IPO offers an investment opportunity into a fast-growing SME delivering strong revenue and profitability as well as creating different products in the HDPE/PP bags and Zinc Sulphate fertilizer segments. Attractive valuations compared to industry peers and, thus, potentially undervalued. However, investors still have to understand that it involves lease dependency, credit risks, and economic instability as associated risks. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here  to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

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