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The IPO of Anya Polytech and Fertilizers Limited, a fertilizer and bag manufacturing company, has received a strong response from investors. It was subscribed more than 439 times in three days. The allotment of its shares has been finalized on 31 December.

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Anya Polytech and Fertilizers Limited IPO was open for subscription on 26 December and it closed on 30 December. Now its shares are going to be listed on NSE SME on 2 January in the domestic stock market.

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The price band of Anya Polytech & Fertilizers IPO was Rs 13-14 per share. The minimum lot size with a single application was 10000 shares. The minimum investment amount for retail investors was Rs 1,40,000.

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Anya Polytech and Fertilizers shares are doing very well in the grey market. It is trading at a premium of Rs 6 in the grey market. Investors can make a bumper profit of 42.86 percent on listing. According to the current grey market premium (GMP), Anya Polytech shares can be listed in the market at Rs 20. However, according to market experts, investment decisions should be taken according to the business health of the company rather than the signals received from the grey market.

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(Disclaimer: Investment made in IPO is subject to market risks. If you want to invest in it, then first consult a certified investment advisor. News18 will not be responsible for any kind of profit or loss of yours.)