Anya Polytech & Fertilizers Limited Set to Launch IPO

Anya Polytech & Fertilizers Limited (APFL) has filed its Draft Red Herring Prospectus with NSE Emerge for an upcoming IPO, involving a fresh issue of 3.2 crore equity shares. The funds will be used for plant and machinery purchases, working capital, strategic initiatives in sustainable energy, and general corporate purposes.

Anya Polytech & Fertilizers Limited (APFL) is set to launch its IPO, submitting its Draft Red Herring Prospectus with NSE Emerge. The company aims to issue 3.2 crore equity shares, with each share valued at Rs 2.

The proceeds from the IPO will be allocated to purchase plant and machinery, bolster working capital, finance capital expenditure, and support the operational needs of the subsidiary Arawali Phosphate Limited. Additionally, funds will be directed towards strategic initiatives in sustainable and renewable energy, spearheading a new project through the wholly-owned subsidiary Yara Green Energy Private Limited, as well as for general corporate purposes.

For the period ending January 31, 2024, APFL reported revenues of Rs 9,886.69 lakhs with an EBITDA of Rs 1,344.97 lakhs and a PAT of Rs 1,070.68 lakhs. Beeline Capital Advisors Private Limited will serve as the Book Running Lead Manager, and Skyline Financial Services Private Limited will act as the registrar for the issue.