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Saturday, November 27, 2021

Antony Waste IPO Listing: Antony West’s entry into the market at a 37% premium; Shares of Rs 315 list at Rs 430

Antony Waste Handling Cell Listing: Antony Waste Handling has been listed in the market today.

Antony Waste Handling Cell IPO Listing Today: Antony West Handling Sale has made a strong entry in the stock market. On January 1, Antony West’s stock was listed on BSE at a 37 per cent premium. The issue price in the Antony West IPO was Rs 315. While the stock has been listed at Rs 430 on BSE. The IPO received good response from the investors. Experts were also saying that the stock should be listed at a 30 to 40 percent premium.

Investors got a strong response

The IPO of Antony West Handling Sale got good response from the investors. The IPO was open to investors from December 21 to December 23 and was subscribed nearly 15 times over its issue size. The price band for the IPO was kept at Rs 313–315. Experts were assuming that IPO listings could also be at a premium.

Antony West Handling’s IPO was subscribed 16.2 times by retail investors. Of this, 35 per cent shares were reserved for retail investors. At the same time, the share of non-institutional investors was 18.68 times. The IPO was a 50 per cent reserve for Institutional Buyers. He subscribed to it 9.6 times. In the IPO, the company received bids for 9.91 crore equity shares, while its offer size was 66.66 lakh equity shares.

Company Financial

The total assets of the company as on 30 September 2020 were Rs 7076 crore, while the total revenue was Rs 2151 crore. The company had grown 79 per cent to Rs 62 crore in FY 2019-20. The company had a profit of about Rs 44 crore in the financial year 2018-19. The total revenue of the company increased by 56 percent to Rs 465 crore in FY 2019-20. During the last financial year, the company’s EBITDA grew by 53.46 per cent to Rs 139.66 crore.

IPO Market 2020: ‘Super Hit’ this year for IPO, investors’ money increased by 3 times

What does the company do

Antony West is among the leading companies in the Municipal Solid Waste Management Industry of the country. It is one of the leading companies in the landfill construction and management sector. The company has a capacity to handle 6,500 tonnes of MSW daily. The company provides solid waste collection, transportation, processing and disposal services. The company has projects of Navi Mumbai Municipal Corporation, Thane Municipal Corporation, Mangaluru Municipal Corporation, New Okhla Industrial Development Authority and Greater Noida Industrial Development Authority.

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