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Antony Waste Handling Cell Ltd IPO (Antony Waste IPO) Detail

March 4, 2020 - March 16, 2020

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.

Antony Waste IPO Details

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 Size6,846,440 shares
(aggregating up to ₹206.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹35.00 Cr)
Offer for Sale5,700,000 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Antony Waste IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,377,288 (28.57%)NA
NII (HNI) Shares Offered1,032,966 (21.43%)
Retail Shares Offered2,410,254 (50.00%)48,205
Total Shares Offered4,820,508 (100%)

Antony Waste IPO Timeline (Tentative Schedule)

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

Antony Waste IPO Lot Size

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

Antony Waste IPO Promoter Holding

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%

About Antony Waste Handling Cell Ltd

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

Company Financials

Summary of financial Information (Restated)
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

Key Performance Indicator

The market capitalization of Antony Waste IPO is Rs 803 Cr.

Pre IPO Post IPO
P/E (x) 10.6

Objects of the Issue (Antony Waste IPO Objectives)

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 IPO Review (May apply)

[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...

Antony Waste IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Investors Portion

QIB: 28.5%; NIIs: 21.5%; Retail: 50%

IPO Notices

External Link

Antony Waste IPO withdrawn

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 IPO Prospectus

Antony Waste IPO Rating

Rating:Rated 3.8 stars
Vote Here ...

Antony Waste Handling Cell Ltd Contact Details

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

Antony Waste IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Antony Waste IPO - Buy or Not

Antony Waste IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 1 3
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Antony Waste IPO FAQs

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.

The Antony Waste IPO listing date is not yet announced. The tentative date of Antony Waste IPO listing is Tuesday, March 17, 2020.
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Antony Waste IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



150. Ajay Kumar Tiwari |   Link |  Bookmark |March 23, 2020 8:35:22 PM
Please refund at the earliest, my application amount of Rs. 15000/- to my bank account against Unique Reference Number; EM08955270.
149. Anand R |   Link |  Bookmark |March 18, 2020 5:27:16 PM
Still the money is Locked. When will the amount be released?
149.1. Paymzia |   Link |  Bookmark |March 18, 2020 6:22:12 PM
IPO Guru IPO Guru (2400+ Posts, 4500+ Likes)
Contact your bank branch
149.2. TUSHAR JAIN |   Link |  Bookmark |March 18, 2020 8:53:40 PM
Bhai mere bhi ni aye na koi jawab haii
Paise kbh taak aynge
Bank wale bolte bhim p baat karo
Bhim wale call ni utha rahe
148. TUSHAR JAIN |   Link |  Bookmark |March 18, 2020 8:49:07 PM
Paise wapis ni aye order cancel hogaya thaa.
147. Dev Chaudhary |   Link |  Bookmark |March 16, 2020 9:29:52 PM
Gamble sir r u there if you will read this please reply i am here after 5 years and need urs advise please help
146. trd |   Link |  Bookmark |March 16, 2020 3:34:53 PM
Amount unblock kab hoga
145. techuser |   Link |  Bookmark |March 16, 2020 3:18:22 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Bye bye Antoni ji... ab 2-3 sal ke bad ana :)
144. Viraj. |   Link |  Bookmark |March 16, 2020 3:12:31 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Antony issue is withdrawn Confirmed by BRLM
143. crsl |   Link |  Bookmark |March 16, 2020 3:11:41 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Issue Withdrawned
142. DownriteVJ |   Link |  Bookmark |March 16, 2020 1:11:50 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Going to get cancelled now.

Bad Timings.
141. MR. KUMAR |   Link |  Bookmark |March 16, 2020 10:34:06 AM
Ab iss waste ko DUSTBIN me daalo. Jab SBI 25 times subscribe hone k baad discount de Diya toh iss waste ki Kya Aukat. DUSTBIN me daalo isse
140. IPO VISHESH |   Link |  Bookmark |March 15, 2020 10:21:26 AM
Aise forums par retailers ke weak words padkar, aphle thoda neeche listing karwake subah subah maal bikwakar khus oopar mein enjoy karenge, isliye;




isliye saste mein maal mat bechna




139. Manofsteel |   Link |  Bookmark |March 15, 2020 8:38:50 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
This IPO should be Avoided by All at this Point of time.
Global Condition is of de-growth.
Coronavirus Spreading each day like Wild fire.
Save money from this IPO. And invest in Bluechip stocks as there will be a Big sale in the secondary market.

This company can be brought from the secondary market also when things settle.
139.1. IPOGURUJI |   Link |  Bookmark |May 27, 2020 8:09:18 AM
Dear Man of steel,

I recently heard that since their services fall under essential services they are getting all their payments from the municipalities whereas your bluechip recommendation seems to have tanked further. Dont just blindly say anything.
138. GargN |   Link |  Bookmark |March 11, 2020 8:17:21 AM
126.2 I also tried to cancel my Application from SBI asba but couldn't. Please tell the process
138.2. Prakash rohera |   Link |  Bookmark |March 12, 2020 12:51:34 AM
If you have applied by throw directly by bank. You have to give application in writing to bank that I wants to withdraw my application and cancell my application and blocked any should be relived.with your application detail pan can cancel it before closing time.if the bank officer is not co operating go to hier orhority officer and every thing should be in can say bank officer that give me in writing that application can not be withdrawn.
138.3. Shant |   Link |  Bookmark |March 15, 2020 12:58:20 AM
Go to edit ipo and tick on delete option then submit.lien amount will be removed immediately.
137. trd |   Link |  Bookmark |March 14, 2020 5:59:02 PM
Agar ipo full nahi hota hai to listing hoga k ipo reject ho jayega. Kyu ki meri application widrawl nahi kar ne deta hai asba thruew application ki hai
136. Shreedmk |   Link |  Bookmark |March 14, 2020 5:19:14 PM
Don't risk your money in this waste IPO
135. Prabahar P M |   Link |  Bookmark |March 12, 2020 11:52:53 AM
After the date extension, now 6th calendar days (which includes 3 working days) - But there is no single movement/increase in subscription. Or else i can tell like this, There is an equivalent withdrawal/cancellation of the new subscription. Wonderful changes. By the way, i did cancelled my application.
135.1. Prabahar P M |   Link |  Bookmark |March 13, 2020 7:48:52 PM
Good changes! subscription got increased by -1% (?!). Can we expect another -24%?
134. VinShah |   Link |  Bookmark |March 13, 2020 6:01:03 PM
Friends, Only God will save this IPO as retail subscription down from 38% to 32%..
134.1. VinShah |   Link |  Bookmark |March 13, 2020 7:22:24 PM
Above not 32%(wrong) but there is 37%..
133. Adityasingh |   Link |  Bookmark |March 13, 2020 1:58:20 PM
This seems to be good.
132. J Rakesh |   Link |  Bookmark |March 12, 2020 1:26:32 PM
Those applied, have blocked money till 16. The issue is likely to withdrawn as the market would not recover much till end of March. Even SBIC may list or go below the issue price.
132.1. Adityasingh |   Link |  Bookmark |March 13, 2020 1:56:51 PM
Seen many economists like you.. Anyways market is beyond our predictions so never ever be so confident.
131. MR. KUMAR |   Link |  Bookmark |March 13, 2020 11:59:11 AM
Don't waste your money in Antony waste.