After an unsuccessful IPO during the month of March 2020, Antony Waste Handling Cell Ltd IPO is now making a second attempt at raising funds. The company has filed another Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India. Here’s some more information about the upcoming IPO.
About the company
Ever since the company was incorporated in the year 2001, Antony Waste Handling Cell Limited has been involved in providing Municipal Solid Waste (MSW) management services. Their service portfolio includes a plethora of sub-services such as solid waste collection, transportation, processing, and disposal. In addition to these, the company is also well capable of handling mechanized sweeping, and MSW C&T.
As of January 2020, the company has handled and successfully completed around 25 projects for both private players as well as municipalities. The client base of Antony Waste Handling Cell is diverse and includes names of big institutions such as the Municipal Corporation of Delhi (MCD), Jaypee International Sports, and the Kalyan Dombivali Municipal Corporation (KDMC).
The company’s total vehicle fleet comprises around 1,089 vehicles and is sourced from international entities such as BUCHER Municipal AG and Compost System GmbH. As of March 31, 2020, the company’s total revenue and net income stood at Rs. 464.61 crores and Rs. 81.95 crores respectively, which is an increase of over 55.63% and 71.88% from the previous financial year.
Antony Waste Handling Cell Ltd IPO details
Let’s now move on to some of the important Antony Waste Handling Cell Ltd IPO details such as the Antony Waste Handling Cell IPO date and the Antony Waste Handling share price, among others.
Antony Waste Handling Cell IPO date
Antony Waste Handling Cell Limited IPO opens from 21 Dec 2020 – 23 Dec 2020.
Antony Waste Handling Cell IPO issue size
The upcoming Antony IPO issue consists of both a fresh issue of shares as well as an Offer for Sale component.
Issue Size - 9,523,345 Eq Shares of ₹5 (aggregating up to ₹300.00 Cr)
Fresh Issue - 2,698,412 Eq Shares of ₹5 (aggregating up to ₹85.00 Cr)
Offer for Sale - 6,824,933 Eq Shares of ₹5 (aggregating up to ₹215.00 Cr)
Antony Waste Handling share price
The Antony Waste Handling share price for this IPO - ₹313 to ₹315 per equity share
Antony Waste Handling Cell IPO listing
The Antony Waste Handling Cell Ltd IPO is proposed to be listed on both the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE). The company has also received in-principle approvals from both the stock exchanges regarding the same.
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