Anya Polytech & Fertilizers Limited Files DRHP With NSE Emerge

Mumbai (Maharashtra) [India], August 23: Anya Polytech & Fertilizers Limited (APFL, Anya, The Company), one of India’s leading manufacturer of HDPE/PP Woven Fabric/Bags & Producers& Manufacturer of Micro & Macro Nutrients Fertilizer & other Agri input is planned to launch its IPO. The company has filed its Draft Red Herring Prospectus to NSE Emerge. The company is coming with a fresh issue of 3,20,00,000 equity shares with a face value of ₹ 2 each.

The IPO aims to leverage the funds raised to purchase plant and machinery, support working capital in APFL, finance the capital expenditure and working capital requirements in the subsidiary Arawali Phosphate Limited to enhance operational capabilities, drive strategic initiatives in ecologically sustainable and renewable energy by establishing a new project in the wholly-owned subsidiary Yara Green Energy Private Limited, and for general corporate purposes.