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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
| IPO Date | Mar 4, 2020 to Mar 16, 2020 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹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 |
| QIB Shares Offered | 1,377,288 (28.57%) |
| NII (HNI) Shares Offered | 1,032,966 (21.43%) |
| Retail Shares Offered | 2,410,254 (50.00%) |
| Total Shares Offered | 4,820,508 |
Antony Waste IPO opens on Mar 4, 2020, and closes on Mar 16, 2020.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 4, 2020 |
| Closing Date | Mar 16, 2020 |
| Basis of Allotment | Mar 12, 2020 |
| Initiation of Refunds | Mar 13, 2020 |
| Credit of Shares to Demat | Mar 16, 2020 |
| Listing Date | Mar 17, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Antony Waste IPO lot size is 50 shares.
| 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.
| Pre Issue Share Holding | 51.10% |
| Post Issue Share Holding | 48.87% |
The Antony Waste IPO is subscribed 0.50 times on Mar 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 |
| 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 | |
| KPI | Values |
|---|---|
| P/E (x) | 10.6 |
| Market Cap (₹ Cr.) | 803 |
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.
[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 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")
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/
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 Mar 4, 2020, and closes on Mar 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 Mar 4, 2020 and closes on Mar 16, 2020.
Antony Waste IPO lot size is 50 Shares and the minimum order quantity is .
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 Mar 12, 2020, and the allotted shares will be credited to your demat account by Mar 16, 2020. Check the Antony Waste IPO allotment status.
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