Antony Waste Handling Cell Limited, founded in 2001, is one of the pioneers in the Municipal Solid Waste Management (MSW) industry in India. The company provides a broad range of MSW services throughout the region i.e. solid waste collection, processing, transport and disposal.
It also plays a leading role in the development and management business of landfills. MSW C&T, MSW manufacturing, and Mechanized Sweeping Project are the main business operations of the organisation. Antony Waste has 17 MSW C&T, 2 MSW manufacturing, and 4 mechanised sweeping on-going projects as of August 31, 2020.
On December 21, Antony Waste Handling Cell agreed to launch its maiden initial public offering. According to the details available on the National Stock Exchange, this public issue is expected to close on December 23.
In consultation with merchant bankers, the business and selling shareholders will determine its IPO price band in the next few days and the same details will be released to the public via newspaper ads. The IPO consists of a new Rs 85 crore issue and an offer by the selling shareholders to sell up to 68,24,933 equity shares.
The offer for sale consists of up to 13,90,330 Leeds (Mauritius) equity shares, 20,85,510 Tonbridge (Mauritius) equity shares, 11,58,667 Cambridge (Mauritius) equity shares and 21,90,426 Guildford shares (Mauritius).
Jose Jacob Kallarakal, Shiju Jacob Kallarakal, and Shiju Antony Kallarakkal are the company’s promoters.
Antony Waste Handling Cell Ltd’s Strategic Strengths
- Experienced Promoter Squad.
- Experience in the processing of over 25 MSW projects
- The new software, cars, and facilities for technology
- Diversified portfolio of programmes.
Company financial performance Sep-20March-20March-19March-18Expenses
7,075.67
6,721.035,126.384,280.70Revenue2,151.01
4,646.112,985.182,907.78Net income-2,151.01620.76346.82
398.84
The organisation plans to use funds for the following items:
- To serve corporate general purposes.
- Funding the PCMC WTE Project by investing in subsidiaries.
- To repay the consolidated borrowings of the company by infusing debt into Subsidiary-AG Enviro.
Antony Waste Handling Cell Limited IPO Details
| IPO Date | December 21,2020 to December 23,2020 |
| Issue Type | Book Built Issue IPO |
| 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) |
| Face Value | ₹5 per equity share |
| IPO Price | ₹313 to ₹315 per equity share |
| Market Lot | 47 Shares |
| Min Order Quantity | |
| Listing At | BSE, NSE |
Antony Waste Handling Cell Limited IPO Tentative Timetable
| Bid/Offer Launch date | December 21,2020 |
| Bid/Offer Last date | December 23,2020 |
| Basis of Allotment finalization date | December 29,2020 |
| Initiation of Refunds | December 30,2020 |
| Credit of Shares to Demat Account | December 31,2020 |
| IPO Shares Listing Date | Jan 1,2021 |
Antony Waste Handling Cell Limited IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 47 | ₹14,805 |
| Maximum | 13 | 611 | ₹192,465 |