ANTONY WASTE IPO UPCOMING IPO 2020 DATE, PRICE & OTHER DETAILS
In the list of upcoming IPO 2020, Antony Waste Handling Cell Ltd is planning to launch IPO of 206.00cr. Antony Waste IPO will open on 4 March 2020. Antony Waste Handling Cell Limited was incorporated in the year 2001, and is engaged in providing Municipal Solid Waste Management. It provide services which include:
- Collection of solid waste
- Transportation of waste
- Processing and disposal of waste.
These services are offered to municipalities.
The company also has an in-house expertise in landfill construction and management sector.
Antony Waste Handling Cell is a part of the Antony group. The Antony group has a diversified business model that includes ancillary and automotive body-building industries.
The company has completed 25 projects for municipalities and private players till Jan 2020.
Major clients of the company are:
- Municipal Corporation of Delhi
- Jaypee International Sports
- Kalyan Dombivali Municipal Corporation
It mainly takes MSW processing projects, MSW C&T projects, and mechanized sweeping projects.
Currently it has 1089 vehicles for completing its projects. The components of these vehicles are obtained from international suppliers named BUCHER Municipal AG and Compost System GmbH.
Key Strengths
- It is a leading MSW Management service provider in the country.
- The company has experience in handling more than 25 MSW projects at a time.
- The vehicles are modern and well-maintained.
Company Promoters
The promoters of the company are:
- Shiju Jacob Kallarakal
- Jose Jacob Kallarakal
- Shiju Antony Kallarakal
Objectives of Antony Waste IPO
With the issue, the company proposes to utilize the Net Proceeds towards the funding of its following objectives:
- Reduction of the aggregate outstanding borrowing of the Company on a consolidated basis.
- General corporate purposes.
Financials of the Antony Waste Cell Ltd:
Here is the summary of the financial information of the company
Issue Details of Antony Waste IPO:
| Date of IPO issue | 4th March 2020- 6th March 2020 |
| Type of Issue | Book Built Issue IPO |
| Size of Issue | 6, 846, 440 equity shares of Rs.5 each (aggregating up to Rs.206.00 Cr) |
| Fresh Issue | Equity Shares of Rs.5 each (aggregating up to Rs.35.00 Cr) |
| Offer for Sale | 5,700,000 equity shares of Rs.5 |
| Face Value | Rs.5 per equity shares |
| Price of IPO | Rs.295 to Rs.300 per equity share |
| Market lot | 50 shares |
| Minimum Order Quantity | 50 shares |
| Exchanges listed at | BSE and NSE |
| P/E (x) | 10.6 |
| Market Capitalization (in Rs. Cr) | 803 |
Tentative Dates of the Antony Waste IPO :
| Offer Open date | 4th March 2020 |
| Offer Close date | 6th March 2020 |
| Finalisation of Basis of Allotment | 12th March 2020 |
| Initiation of Refunds | 13th March 2020 |
| Credit of Shares to Demat Account | 16th March 2020 |
| IPO Shares Listing Date | 17th March 2020 |
Antony Waste IPO Lot Size and Retail Price:
| Application | Lot | Shares | Amount (Cut-off) |
| Minimum | 1 | 50 | Rs.15,000 |
| Maximum | 13 | 650 | Rs.195,000 |
Promoters Holdings in the Antony Waste IPO :
| Pre-Issue Share Holding | 51.10% |
| Post-Issue Share Holding | 48.87% |
Investors Portion in the Antony Waste IPO :
- QIB- 28.5%
- NIIs- 21.5%
- Retail- 50%
Antony Waste IPO Prospectus:
Company Contact Information:
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.anotny-waste.com/
To get the latest update on IPO visit at Upcoming IPO 2020
