Anya Polytech & Fertilizers IPO Opens on December 26, price band announced
Fertilizers & Micronutrient Mixtures for agricultural needs, proposes to open its Initial Public Offering on December 26, 2024, aiming to raise Rs 44.80 crore with shares to be listed on the NSE Emerge platform.
The issue size is 3,20,00,000 equity shares with a price band of Rs 13 — Rs 14 per share and face value of Rs 2 each. The lot size is 10,000 equity shares.
The QIB anchor portion will not be more than 91,04,000 equity shares. For Qualified Institutional Buyer, it will not be more than 60,80,000 equity shares. For Non-Institutional Investors, it will not be less than 45,68,000 equity shares. For Retail Individual Investors, it will not be less than 1,06,48,000 equity shares, according to a release.
The net proceeds from the IPO will be utilized to meet capital expenditure towards purchase of plant & machinery and working capital requirement in Anya Polytech & Fertilizers Limited, setting-up new project in Yara Green Energy Private Limited, subsidiary company, along with working capital requirement, meet Working Capital & Capital Expenditure in Arawali Phosphate Limited, subsidiary company and for general corporate purposes.
The anchor bidding will open on December 24, 2024 and the issue will close on December 30, 2024.
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