Antony Waste Handling Cell Limited IPO Review and Details

Initial Public offer (IPO)- A Initial public offer refers to the process of offering shares of a corporation to the public in a new stock issuance. It allows a company to raise capital from public investors and allows public investors to participate in the offering.

Antony Waste Handling Cell IPO- The company is the second-largest player in the Indian municipal solid waste management industry, will open its public issue on December 21, and will close the third day of Bidding i.e. December 23.

Antony Waste Handling Cell IPO Details- Short Summary

The IPO comprises a fresh issue of Rs. 85 Crore worth of shares and an offer for sale of 68,24,933 equity shares by existing shareholders. The IPO has been priced in the range of Rs. 313-315 per share. Investors can put a minimum bid of Rs. 47 equity shares and in multiples of 47 equity shares thereafter.

Antony Waste Handling Cell Limited aims to raise Rs. 298.62 crore at lower price band and Rs. 299.98 crore at the upper price band. The company has generated Rs. 90 Crore from anchor investors on December 18. Hence, the offered size has been reduced to Rs. 66,66,343 equity shares.

About the Company- Antony Waste Handling Cell Limited

The company was incorporated in 2001, Antony Waste Handling Cell Ltd. is one of the leaders in India’s Municipal Solid Waste Management (MSW) industry, providing a full spectrum of MSW services which includes solid waste collection, transportation, processing, and disposal services across the country, primarily catering to Indian municipalities.

It also plays a leading position in the landfill construction and management sector.

The Company is currently undertaking projects for the Municipal Corporation of Greater Mumbai, the Navi Mumbai Municipal Corporation, the Thane Municipal Corporation, the North Delhi Municipal Corporation, the Ulhasnagar Municipal Corporation, the Mangalore Municipal Corporation and the Greater Noida Industrial Development Authority. It is also currently undertaking a project for Jaypee International Sports.

In the past, it also has undertaken projects for Municipal Corporation of Delhi, Municipal Corporation, Gurgaon Amritsar Municipal Corporation, Kalyan Dombivali Municipal Corporation and Jaipur Municipal Corporation.

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Strengths of the Company

Its strengths and capabilities are evidenced by the long-term servicing relationships that it has been able to maintain with some customers.

a) It is a leading service provider in the MSW management sector with end-to-end capabilities.

b) Strong track record of MSW project execution.

c) Diversified business modal and project portfolio.

d) Access to technology-backed vehicles and equipment enables the company to manage operations efficiently.

e) Experienced promoters and management team with strong domain expertise.

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Financials of Antony Waste Handling Cell Limited

Here is the financial analysis to opt for Antony Waste Handling Cell IPO- For the year/period ended (Rs. in million)

ParticularsApr- Sep 2020FY March 2020FY March 2019FY March 2018
Total Assets7075.676721.035126.384280.70
Total Revenue2151.014646.112985.182907.78
Profit After Tax (PBT) 290.50620.76346.82398.84

Also Read- Antony Waste Handling Cell raise Rs. 90 Crore from 10 Anchor Investors ahead of its IPO- List of Anchor Investors

Antony Waste Handling Cell IPO Details

Here is the complete details of Antony Waste Handling Cell IPO-

ParticularsIPO Details
IPO Opening DateDec 21, 2020
IPO Closing DateDec 23, 2020
Issue TypeBook Built Issue IPO
Issue Size9,523,345 equity share of Rs. 5 (aggregating up to Rs. 300 Crore)
Fresh Issue2,698,412 Equity Shares of Rs. 5 (aggregating up to Rs. 85 Crore)
offer for sale6,824,933 Equity Shares of Rs. 5 (aggregating up to Rs. 215 Crore)
Face Value of ShareRs. 5 per Share
Price Band of IPORs. 313 to 315
Lot Size47 Shares
Minimum Order Quantity47 Shares
Listing AtBSE and NSE
Antony Waste Handling Cell IPO

Antony Waste Handling Cell IPO Tentative Time Table

IPO Open DateDec 21, 2020
IPO Close DateDec 23, 2020
Basis of Allotment DateDec 29, 2020
Initiation of RefundsDec 30, 2020
Credit of Share to Demat A/cDec 31, 2020
IPO Listing DateJan 01, 2021
Antony Waste Handling Cell IPO

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Antony Waste Handling Cell Limited IPO FAQ

  1. Who are the promoters of Antony Waste Handling Cell Limited?

    Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Sanju Antony Kallarakal is the promoters of the company.

  2. What is the object of Antony Waste Handling Cell IPO?

    Finance PCMC WTE Project through investment in subsidiaries.

  3. What is the minimum lot size?

    1 Lot – 47 Shares – Rs. 14,805/-

  4. What is the maximum lot size?

    13 Lot – 611 Shares – Rs. 1,92,465/-

How to apply for an IPO Online?

After getting knowledge about “Antony Waste Handling Cell IPO”, it is necessary to know how to apply for an IPO. For this purpose, you can choose Upstox, where apply for an IPO is very easy and you can follow the below-mentioned steps-

  • Visit Here
  • Log in using your UCC Id and PAN Number
  • Enter the birth year to verify your account.
  • Click on apply for an IPO section.
  • Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for
  • Use the details page to go through all the company-related details 
  • Click on the ‘Place Bid’ button at the bottom
  • Enter your UPI ID and click on ‘Continue’
  • Enter the lot size and your bid amount and click ‘Continue’
  • Confirm the order

You will then see an order confirmation screen telling you whether or not your application was successful.

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Disclaimer: Investment in the securities market is subject to market risk. Read all scheme related documents before investing.

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