Bookbuilding IPO | ₹206 Cr | Listing at BSE, NSE | Wed, Mar 4, 2020 - Mon, Mar 16, 2020
Antony Waste Handling Cell IPO is a book build issue of ₹206.00 crores. The issue is a combination of fresh issue of 0.12 crore shares aggregating to ₹35.00 crores and offer for sale of 0.57 crore shares aggregating to ₹171.00 crores.
Antony Waste Handling Cell IPO bidding started from Mar 4, 2020 and ended on Mar 16, 2020. The allotment for Antony Waste Handling Cell IPO was finalized on Mar 12, 2020. Antony Waste Handling Cell IPO will list on NSE and BSE with a tentative listing date fixed as Mar 17, 2020.
Antony Waste Handling Cell IPO is set issue price band at ₹294 to ₹300 per share. The lot size for an application is 50 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (3,350 shares), amounting to ₹10,05,000.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Antony Waste Handling Cell IPO RHP for detailed Information.
IPO Open
Wed, Mar 4, 2020
IPO Close
Mon, Mar 16, 2020
Price Band
₹294 to ₹300
Market Cap (Pre-IPO)
₹803.00 Cr
| IPO Date | 4 to 16 Mar, 2020 |
| Listing Date | Tue, Mar 17, 2020T |
| Face Value | ₹5 per share |
| Price Band | ₹294 to ₹300 |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 68,66,666 shares (agg. up to ₹206 Cr) |
| Fresh Issue | 11,66,666 shares (agg. up to ₹35 Cr) |
| Offer for Sale | 57,00,000 shares of ₹5 (agg. up to ₹171 Cr) |
| Share Holding Pre Issue | 2,55,88,758 shares |
| Share Holding Post Issue | 2,67,55,424 shares |
Antony Waste Handling Cell IPO comprises a total issue size of 48,20,508 shares. Out of which, 13,77,288 are allocated to QIB, 10,32,966 (21.43%) allocated to NII 24,10,254 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 13,77,288 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 13,77,288 | NA | |
| NII (HNI) Shares Offered | 10,32,966 | 21.43% | NA |
| Retail Shares Offered | 24,10,254 | 50.00% | 48,205 |
| Total Shares Offered | 48,20,508 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹15,000 |
| Retail (Max) | 13 | 650 | ₹1,95,000 |
| S-HNI (Min) | 14 | 700 | ₹2,10,000 |
| S-HNI (Max) | 66 | 3,300 | ₹9,90,000 |
| B-HNI (Min) | 67 | 3,350 | ₹10,05,000 |
Incorporated in 2001, Antony Waste Handling Cell Limited is engaged in offering Municipal Solid Waste (MSW) Management services. The service range of the company includes solid waste collection, transportation, processing and disposal services to Indian municipalities. It has in-house expertise in landfill construction and management sector.
The company is a part of Antony group which has a diversified business model including ancillary and automotive body-building industries. Till Jan 2020, Antony Waste Handling Cell Ltd has completed 25 projects for municipalities and for private players. The company mainly takes MSW processing projects, MSW C&T projects, and mechanized sweeping projects.
Some of the major clients of the company are Municipal Corporation of Delhi (MCD), Jaypee International Sports, and Kalyan Dombivali Municipal Corporation (KDMC). Currently, the company has 1089 vehicles whose components are obtained from international suppliers named BUCHER Municipal AG and Compost System GmbH.
Key Strengths of Antony Waste Handling Cell Ltd
1. Leading MSW management services provider in India
2. Experience in handling more than 25 MSW projects
3. Modern and well-maintained vehicles
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-financing for PCMC WTE Project through investment in our Subsidiaries, AG Enviro and/orALESPL | 40.00 |
| 2 | Reduction of the consolidated borrowings of our Company by infusing debt in our Subsidiary -AG Enviro for repayment / prepayment of portion of their outstanding indebtedness | 38.50 |
| 3 | General corporate purposes | 0.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.6 | |
| Promoter Holding | 51.10% | 48.87% |
| Market Cap | ₹803.00 Cr. |
The Antony Waste Handling Cell IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
QIB: 28.5%; NIIs: 21.5%; Retail: 50%
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission) | 10.37 |
| 2 | Brokerage, selling commission, upload fees, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 2.44 |
| 3 | Advertising and marketing expenses for the Issue | 2.33 |
| 4 | Legal Advisors | 0.51 |
| 5 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses including expenses towards Stock Exchanges, corporate action | 2.19 |
| 6 | Printing and distribution of issue stationery | 1.99 |
| 7 | Miscellaneous | 1.61 |
The Company in consultation with the Book Running Lead Managers to the Issue, has decided to withdraw the Issue, due to the prevailing market conditions.
Lead Manager Reports
Antony Waste Handling Cell IPO is a main-board IPO of 68,66,666 equity shares of the face value of ₹5 aggregating up to ₹206 Crores. The issue is priced at ₹294 to ₹300. The minimum order quantity is 50.
The IPO opens on Wed, Mar 4, 2020, and closes on Mon, Mar 16, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Antony Waste Handling Cell IPO using UPI as a payment gateway. Zerodha customers can apply in Antony Waste Handling Cell IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Antony Waste Handling Cell IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Antony Waste Handling Cell IPO opens on Wed, Mar 4, 2020 and closes on Mon, Mar 16, 2020.
Antony Waste Handling Cell IPO lot size is 50, and the minimum amount required for application is ₹15,000.
You can apply in Antony Waste Handling Cell IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Antony Waste Handling Cell IPO will be done on Thursday, March 12, 2020, and the allotted shares will be credited to your demat account by Mon, Mar 16, 2020. Check the Antony Waste Handling Cell IPO allotment status.
The Antony Waste Handling Cell IPO listing date is not yet announced. The tentative date of listing is Tue, Mar 17, 2020.
