Anya Polytech & Fertilizers IPO subscribed nearly 16 times on Day 2. Check GMP, listing date and other details
initial public offering (IPO) of Anya Polytech & Fertilizers has been subscribed by nearly 16 times on the second day so far.
The issue attracted strong demand from the retail investors, who had bid for over 31,43 crore shares by 11:20 am. Meanwhile, the non-institutional investors (NIIs) had bid for 4.93 crore lakh shares out of the 1,52,10,000 shares reserved for them, subscribing to the issue by 3.2 times.
The company aims to raise Rs 44.80 crore with this IPO and the shares will be listed on the NSE Emerge platform.
The net proceeds from the IPO will be utilized to meet capital expenditure towards the purchase of plant & machinery and working capital requirement in Anya Polytech & Fertilizers Limited, setting up a new project in Yara Green Energy Private Limited, a subsidiary company, along with working capital requirement, meet Working Capital & Capital Expenditure in Arawali Phosphate Limited, subsidiary company and for general corporate purposes.
Price band for Anya Polytech & Fertilizers IPO
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