Anya Polytech IPO: Bidding for the IPO of Anya Polytech and Fertilizer began on twenty sixth December and will proceed until thirtieth December. Meanwhile, its shares have been subscribed 23.74 times. Whereas its bidding course of remains to be to proceed until December 30. It is evident that the IPO of this firm goes to make the traders rich. The IPO of this firm has been issued with a difficulty measurement of three crore 20 lakh shares with a value band of Rs 13-14. The face worth of every share is on the price of two rupees.
Company will make investments in buying plant and equipment
Anya Polytech has introduced that it will make investments the cash raised by means of IPO in buying plant and equipment. Working capital wants will even be met by means of this. The firm can be making ready for some new initiatives by means of its subsidiary named Yara Green Energy Private Limited. Apart from this, the corporate additionally wants some working capital for Aravali Phosphate Limited. Beeline Capital Advisors is the operating lease supervisor of the IPO of this firm. Skyline Financial Services Private Limited is the registrar of this IPO problem.
The firm is a giant title in fertilizer manufacturing.
Anya Polytech and Fertilizer, the corporate which introduced IPO, is a giant title in the sector of fertilizer manufacturing. It additionally produces PP luggage, zinc sulphate fertilizer and micro nutrient combination and so on. for agricultural wants. The firm all the time stays in demand because of the big selection of merchandise it produces for farming wants. For this motive, traders even have excessive expectations from the IPO of this firm. The firm had hoped to boost Rs 44.80 crore with the itemizing on the NSE Emerge platform. But even earlier than the IPO, the corporate has raised greater than 1 / 4 of the anticipated quantity i.e. Rs 12 crore 74 lakh by means of anchor traders.
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SEBI: SEBI pointers, switch of shares to folks, siblings and spouse or youngsters will not be thought of as possession change.
