Anya Polytech and Fertilisers, one of the leading manufacturers of HDPE & PP bags, Zinc Sulphate Fertilisers and Micronutrient Mixtures for agricultural needs, plans to raise ₹45 crore through Initial Public Offering on NSE Emerge.

The issue will open for subscription on Thursday and closes on December 30.

The company will issue 3.20 crore equity shares in the price band of ₹13 – ₹14 per share.

The net proceeds from the issue will be used to meet capital expenditure to purchase plant and machinery and working capital requirement in Anya Polytech and Fertilisers, setting up new projects in subsidiary Yara Green Energy, working capital and capital expenditure in subsidiary Arawali Phosphate and for general corporate purposes.

Beeline Capital Advisors is the book running lead manager to the issue, while Skyline Financial Services is the registrar.

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Yashpal Singh Yadav, Managing Director, Anya Polytech and Fertilisers said the funds raised through this IPO will be strategically used to expand product portfolio, acquire advanced plant and machinery and meet working capital requirements.

The IPO will not only fuel business expansion but also enhance operational efficiency, driving sustainable growth and creating substantial long-term value, he said.