Anya Polytech IPO: Bidding for Anya Polytech & Fertilizer's IPO started on 26 December and will continue till 30 December. Meanwhile, its shares have been subscribed 23.74 times. While the bidding process is yet to continue till 30 December. It is clear that this company's IPO is going to make investors rich. This company's IPO has been issued with an issue size of 3 crore 20 lakh shares with a price band of Rs 13-14. The face value of each share is Rs 2.

The company will invest in purchasing plant and machinery

Anya Polytech has announced that it will invest the money raised through the IPO in purchasing plant and machinery. Working capital requirements will also be met through this. The company is also preparing some new projects through its subsidiary named Yara Green Energy Private Limited. Apart from this, the company also needs some working capital for Aravali Phosphate Limited. Beeline Capital Advisor is the running lease manager of this company's IPO. Skyline Financial Services Private Limited is the registrar of this IPO issue.

The company is a big name in fertilizer production

Anya Polytech & Fertilizer, the company bringing the IPO, is a big name in the field of fertilizer production. It also manufactures PP bags, zinc sulphate fertilizer and micro nutrient mixture etc. for agricultural needs. Due to the large range of products produced for agricultural needs, there is always a demand in the company. For this reason, investors also have high expectations from the IPO of this company. With the listing on the NSE Emerge platform, the company had hoped to raise Rs 44.80 crore. But even before the IPO, the company has raised more than a quarter of the expected amount i.e. Rs 12 crore 74 lakh through anchor investors.