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Antony Waste IPO is a book built issue of Rs 206.00 crores. The issue comprises of fresh issue of Rs 35.00 crore and offer for sale of 0.57 crore shares.
Antony Waste IPO bidding started from March 4, 2020 and ended on March 16, 2020. The allotment for Antony Waste IPO was finalized on Thursday, March 12, 2020. Antony Waste IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, March 17, 2020.
Antony Waste IPO price band is set at ₹294 to ₹300 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Equirus Capital Private Limited is the book running lead manager of the Antony Waste IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Antony Waste IPO RHP for detailed information.
IPO Date | March 4, 2020 to March 16, 2020 |
Listing Date | [.] |
Face Value | ₹5 per share |
Price Band | ₹294 to ₹300 per share |
Lot Size | 50 Shares |
Total Issue Size | 6,846,440 shares (aggregating up to ₹206.00 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹35.00 Cr) |
Offer for Sale | 5,700,000 shares of ₹5 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Antony Waste IPO offers 4,820,508 shares. 1,377,288 (28.57%) to QIB, 1,032,966 (21.43%) to NII, 2,410,254 (50.00%) to RII. 48,205 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 700 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,377,288 (28.57%) | NA |
NII (HNI) Shares Offered | 1,032,966 (21.43%) | |
Retail Shares Offered | 2,410,254 (50.00%) | 48,205 |
Total Shares Offered | 4,820,508 (100%) |
Antony Waste IPO opens on March 4, 2020, and closes on March 16, 2020.
IPO Open Date | Wednesday, March 4, 2020 |
IPO Close Date | Monday, March 16, 2020 |
Basis of Allotment | Thursday, March 12, 2020 |
Initiation of Refunds | Friday, March 13, 2020 |
Credit of Shares to Demat | Monday, March 16, 2020 |
Listing Date | Tuesday, March 17, 2020 |
Cut-off time for UPI mandate confirmation | 5 PM on March 16, 2020 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 50 | ₹15,000 |
Retail (Max) | 13 | 650 | ₹195,000 |
Lot Size Calculator |
Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Shiju Antony Kallarakkal are the promoters of the company.
Share Holding Pre Issue | 51.10% |
Share Holding Post Issue | 48.87% |
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
Particulars | For the year/period ended (Rs in Million) | ||||
---|---|---|---|---|---|
� | 30-Sept-19 | 31-March-19 | 31-Mar-18 | 31-Mar-17 | |
Total Assets | 5,865.57 | 5,107.90 | 4,280.70 | 3,669.61 | |
Total Revenue | 2,256.26 | 2985.18 | 2,907.78 | 2,912.04 | |
Profit After Tax | 378.43 | 344.23 | 398.84 | 410.39 |
The market capitalization of Antony Waste IPO is Rs 803 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 10.6 |
The company proposes to utilise the Net Proceeds towards funding the following objects:
1. Reduction of the aggregate outstanding borrowings of the Company on a consolidated basis; and
2. General corporate purposes (collectively, referred to herein as the "Objects")
[Dilip Davda] Issue price appears reasonable with super H1 FY20 earnings. Management is confident of maintaining growth with higher-margin long term contracts under the pipeline. As the issue is below Rs. 250 cr. in size, the listing will take place in the "T" group eliminating the possibility of any speculative move post listing. However, as the segment is poised for fast forward mode with ample opportunities, investors may consider investment for the long term. Read detail review...
The Antony Waste IPO is subscribed 0.50 times on March 16, 2020 5:00:01 PM. The public issue subscribed 0.38 times in the retail category, 0.89 times in the QIB category, and 0.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.89 |
NII | 0.26 |
Retail | 0.38 |
Total | 0.50 |
QIB: 28.5%; NIIs: 21.5%; Retail: 50%
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.
Antony Waste Handling Cell Ltd
1403, 14th Floor, Dev Corpora Building,
Opp. Cadbury Company,
Eastern Express Highway, Thane - 400 601,
Phone: +91 (22) 4100 9295
Email: investor.relations@antonyasia.com
Website: http://www.antony-waste.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: antony.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Antony Waste IPO is a main-board IPO of 6,846,440 equity shares of the face value of ₹5 aggregating up to ₹206.00 Crores. The issue is priced at ₹294 to ₹300 per share. The minimum order quantity is 50 Shares.
The IPO opens on March 4, 2020, and closes on March 16, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Antony Waste IPO opens on March 4, 2020 and closes on March 16, 2020.
Antony Waste IPO lot size is 50 Shares, and the minimum amount required is ₹15,000.
You can apply in Antony Waste IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Antony Waste IPO will be done on Thursday, March 12, 2020, and the allotted shares will be credited to your demat account by Monday, March 16, 2020. Check the Antony Waste IPO allotment status.
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