Antony Waste IPO is opening for subscription on 21st December 2020. the company aims to raise ₹298.62 – ₹299.98 crores through this IPO.
Antony Waste Handling Cell Ltd
AWH Cell is one of the top five players in the Indian MSW (Municipal Solid Waste) management industry with an established track record of 19 years, providing services such as solid waste collection, transportation, processing, and disposal services across the country, primarily catering to Indian municipalities. The company is among the key players in the landfill construction and management sector with in-house expertise for landfill construction along with its management. It is also present in the emerging waste management area in India which is MSW based WTE (Waste to Energy).
The company undertakes MSW C&T projects, MSW processing projects, and mechanized sweeping projects and has undertaken more than 25 projects as of 15 November 2020, of which 18 are ongoing. Its portfolio of ongoing projects comprised 12 MSW C&T projects, two MSW processing (including WTE) project,s, and four mechanized sweeping projects. It is currently undertaking projects for the Municipal Corporation of Greater Mumbai (MCGM), the Navi Mumbai Municipal Corporation (NMMC), the Thane Municipal Corporation (TMC), the North Delhi Municipal Corporation (NDMC), the Mangalore Municipal Corporation (MMC), and the Greater Noida Industrial Development Authority (GNIDA). It is also currently undertaking a project for Jaypee International Sports. In the past, it has also undertaken projects for Municipal Corporation of Delhi (MCD), Municipal Corporation, Gurgaon (MCG), Ulhasnagar Municipal Corporation (UMC), Amritsar Municipal Corporation (AMC), Kalyan Dombivali Municipal Corporation (KDMC), and Jaipur Municipal Corporation (JMC).
Also read: IPO List, current-ongoing-listed IPOs
Objective of the Issue
- To meet general corporate purposes.
- Reduction of the aggregate outstanding borrowings of the company on a consolidated basis.
Basic details about the company
| Full name | Antony Waste Handling Cell Limited |
| Sector | Miscellaneous |
| Industy | Miscellaneous |
| Company Website | www.antony-waste.com |
Dates to remember
| IPO Open | 21 December 2020 |
| IPO Close | 23 December 2020 |
| Basis of Allotment | 29 December 2020 |
| Refunds date | 30 December 2020 |
| Credit to Demat Account | 31 December 2020 |
| Listing Date | 01 January 2021 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹298.62 – ₹299.98 crore |
| Number of shares offered | 9,523,345 Shares |
| Face value | ₹5 per equity share |
| Price band | ₹313-₹315 per share |
| Retail portion | 35% |
| Lot size | 47 Nos |
| Minimum application | 1 lot – 47 shares |
| Maximum application | 13 lot – 611 shares |
| Minimum application amount | ₹14,805 |
| maximum application amount | ₹192,465 |
| Listing Exchange | BSE, NSE |
Competitive strength
- Latest technology tools, vehicles, and equipment.
- Leading player in the MSW management industry.
- Diversified project portfolio.
- Consistent track record of MSW project execution.
- Experienced team of promoters.
Category-wise Break up
Anchor: 38,87,383 Shares = 126.34Crores
QIB: 25,91,589 Shares = 84.23Crores
NII: 19,43,692 Shares = 63.17Crores
RII: 45,35,280 Shares = 147.40Crores (Lot size: 45 = 1,00,784 Forms)
Financials
| Antony Waste Handling Cell’s financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | FY2021 | |
| Revenue | 290.8 | 298.5 | 464.6 | 215.1 |
| Expenses | 242.0 | 250.8 | 379.4 | 185.2 |
| Net income | 39.7 | 34.7 | 60.9 | 28.9 |
| Net margin (%) | 13.7 | 11.6 | 13.1 | 13.4 |
Valuation of Antony Waste Handling (as of FY2020)
| Earnings Per Share (EPS) | ₹27.48 |
| Price/Earnings (PE ratio) | 11.39 – 11.46 |
| Return on Net Worth (RONW) | 20.09% |
| Net Asset Value (NAV) | ₹136.81 per share |
Company Promoters
- Jose Jacob Kallarakal
- Shiju Jacob Kallarakal
- Shiju Antony Kallarakkal
Antony Waste IPO Promoter Holding
| Pre Issue Share Holding | 51.10% |
| Post Issue Share Holding | 46.20% |
Lead managers
- Equirus capital Pvt Ltd
Registrar of Antony Waste IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: antony.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Antony Waste Handling Cell Contact Details
Antony Waste Handling Cell Limited
1402 and 1404, 14th Floor
Dev Corpora Building
Opp. Cadbury Company
Eastern Express Highway
Thane – 400 601, Maharashtra
Phone: +91 22 4100 9295
Email: investor.relations@antonyasia.com
Website: www.antony-waste.com
Antony Waste IPO Allotment Status
Antony IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Antony Waste IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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