Anya Polytech & Fertilizers IPO: Price Band, GMP and other key details you need know before subscribing the upcoming SME issue

Anya Polytech & Fertilizers, is all set to open its public issue for subscription on Thursday, December 26, and will close its bidding window on Monday, December 30. This fresh issue, is offering equity shares priced between Rs 13 and Rs 14 each, with a lot size starting at 10,000 shares.

Here’s everything investors should know before they decide to subscribe.

Anya Polytech IPO – Key Details

The Anya Polytech & Fertilizers IPO is a fresh issue of 3.2 crore equity shares worth Rs 44.80 crore. The price band for this SME issue has been set between Rs 13 to Rs 14 per share. In addition, it is important to note that this is not an Offer for Sale (OFS).

This means the company will be issuing new shares to raise funds, with no existing shareholders selling their stakes.

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Investors can bid for a minimum of 10,000 shares, which equates to an investment of Rs 1,40,000. High-net-worth individuals (HNIs) are required to bid for 20,000 shares (Rs 2,80,000).

Also Read: Mamata Machinery IPO allotment today: How to check the allotment status online on NSE, BSE, Link Intime

Anya Polytech IPO – GMP

Currently, Anya Polytech IPO is trading at a premium of Rs 3 in the grey market, indicating an estimated listing of Rs 17, a 21.43 per cent increase from the issue price.

In the DRHP, the company in the risk disclosure write, “We do not own our Registered Office and Corporate Office. A failure to renew our existing lease arrangements at commercially favourable terms or at all may have a material adverse effect on our business, financial condition, and results of operations”

“As of the date of this Draft Red Herring Prospectus, there are outstanding legal proceedings involving our Company, our Subsidiaries and our Promoters and Directors. Any adverse outcome in such legal proceedings may affect our reputation,

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