Antony Waste IPO

Antony Waste Handling Cell is offering an IPO opening on December 21, 2020. Grab the full detail of the Antony Waste IPO and make the decision of whether or not to invest.

Before moving ahead, here is a piece of brief information about the company.

Antony Waste Handling Cell Limited is one of the top five companies that is offering the services of Municipal Solid Waste Management.

It is Operational from 17 years and offers a full array of MSW services like solid waste collection, transportation, processing, and disposal services.

The company has expertise in landfill construction and its management.

It majorly works in processing projects like sorting & segregating waste collected from MSW C&T, mechanized sweeping projects that include the deployment of sweeping machines, manpower, comprehensive maintenance, safe disposal of waste, etc.

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Key Strength of the Company

Before investing your savings in the IPO of any company it is essential to understand the strengths of the respective company.

Know the key strengths of the Antony Waste Handling Cell Limited.

• Top-most service provider in the MSW management sector having end-to-end capabilities.
• Strong track record in executing projects
• Having a strong base of the modern and well-maintained fleet of vehicles.
• Experienced promoters and the great team with domain expertise.

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Antony Waste IPO Review

Antony Waste Handling Cell is coming with its IPO listed on the BSE and NSE that is going to open on December 21, 2020. 

Get a quick glance of the Antony IPO here:

It announces the IPO of equity shares of the face value of shares is ₹ 5 each for cash having a price band from ₹313 to ₹315 per equity shares.

The equity shares consist of a fresh issue that aggregates up to ₹300 crores, and an Offer for Sale up to 68,24,933 that comprise up to

• 1,390,330 Equity Shares by Leeds (Mauritius) Limited,
• 2,085,510 by Tonbridge (Mauritius) Limited,
• 1,158,667 Equity Shares by Cambridge (Mauritius) Ltd
• 2,190,426 by Guildford (Mauritius) Limited.

The bid-offer will close on December 23, 2020.

One can place a bid for a minimum lot of 47 Equity Shares and in the multiple of 47 equity shares.

The Antony Waste IPO is coming up with some of the major objectives like:

• To reduce the consolidated borrowing of the company by infusing debt in Subsidiary-AG Enviro Infra Projects Private Ltd for the repayment of a portion of the outstanding indebtedness
• For fulfilling the general corporate purpose
• To enhance visibility and brand image
• To provide liquidity to shareholders

Along with this, there is another IPO, SBI IPO that comes with many benefits, read about the SBI Card IPO details, how to apply for SBI Card IPO and What is the Date for SBI Card IPO.

Another most awaiting IPO this year is LIC IPO, get the detailed review, and invest your fund smartly.

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Antony IPO Date

After knowing the issue price and the benefits of the Antony Waste IPO, many investors might be looking forward to knowing the dates of the IPO.

So here we are with the complete time table of the IPO.

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Antony Waste IPO Allocation of Shares

The allocation of the Antony IPO in accordance with SEBI ICDR Regulations will be done on the following basis:

• Qualified Institutional Buyer (QIB): up to 50%
• Non-Institutional Bidders (NII): more than 15%
• Retail Individual Bidders: not less than 35%

All the investors can participate in the issue through the ASBA (Application Supported by Blocked Amount) by providing details of the respective bank account.

Before applying for this upcoming IPO make sure that you have Demat Account.

In case, you are looking forward to opening a Demat Account, then get it done for free.

Just fill in a few basic details here to get started

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Antony Waste IPO Promoter

Jose Jacob Kallarakal, Shizu Jacob Kallarakal, and Shizu Antony Kallarakal are the promoters of the Antony Waste IPO.

Each of the promoters of the company has experience of more than 19 years in the solid waste management industry.

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Antony Waste IPO: Should You Invest?

Well, after grabbing all the above information, the final consideration is making a decision of whether or not to make a decision.

Here are some of the positive factors that go in favor of the Antony Waste IPO:

• It is among the top 5 players in Indian MSW management.
• It uses the latest technologies with more than 25 projects under its fold.
• The company has consistent margins.
• It has undertaken more than 25 projects on January 01, 2020, among which 18 are on-going (11 MSW C&T projects, 2 MSW processing, 4 mechanized sweeping projects).

With some of the pros, there are some of the risk associated that makes one think twice before investing in the Antony Waste IPO.

• The company is dependent on the municipal authorities for the maximum portion of its business and revenue, and therefore any decline in the budget allocation towards MSW by the government has an adverse effect on the business and financial operations.
• They depend on limited customers for generating revenue and any loss of any of its customers due to any reason like adverse development or significant reduction in business has an effect on its business, financial conditions, operational results, and future prospects.
• The company operates in the industry that demands higher working capital and the inability to meet such requirements has an adverse effect on business, financial conditions, etc.
• They have a negative cash flow in the past that may occur again in the future.
• It includes hazardous work related to the health of the employees. The working condition may lead to the exposure of material liabilities and increased expenses. All this impacts the employee morale to a higher extent.

Once you have known everything about Antony Waste IPO, know about How to apply for Antony Waste IPO?

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In case, you are looking forward to learn more, feel free to contact us.

 

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