Anya Polytech & Fertilizers shares listed with a premium of 22 percent on the NSE Emerge platform on January 2, following a bumper subscription to its Rs 44.80 crore SME issue.
The stock of Anya Polytech & Fertilizers, manufacturer of HDPE & PP bags and zinc sulphate fertilizers, listed at Rs 17.10 per share on the NSE Emerge over its IPO price of Rs 14, a premium of 22.14 percent. The company's market valuation post listing of shares stood at Rs 205.20 crore.
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The IPO was priced in the range of Rs 13-14 per share with a lot size of 10,000 shares. The issue was subscribed over 400 times in the primary market.
The company, which also manufactures micronutrient mixture and trades in the single super phosphate, raised Rs 12.74 crore through its anchor book on December 24.
Uttar Pradesh-based Anya Polytech plans to utilise IPO proceeds for capital expenditure & working capital requirements. Further, the some funds will also be used for setting-up 1 x 2 TPH biofuel pellet plant by Yara Green Energy, and the remainder for general corporate purposes.
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