Antony Waste IPO: Missed in IPO Market this year! There is still a chance, 300 crore issue will open tomorrow

Antony Waste IPOAntony Waste IPO: If you have missed earning in the IPO market this year, then you still have a chance.

Antony Waste IPO: If you have missed earning in the IPO market this year, then you still have a chance. Antony West Handling’s IPO is going to open on Monday. The company has set a target of raising Rs 300 crore through an IPO. The price band for the IPO of Antony West Handling Sale has been kept at Rs 313-315. This IPO will be open to investors from December 21 to December 23. Let us know that the company is going to offer an IPO for the second time. In March this year, the company launched an IPO. However, due to weak response from investors, it was withdrawn. At the moment if you also want to burn money in this IPO, then it is important to know some things first.

About the company

Antony West was started in 2001 and is one of 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. The company has more than 25 projects. The company has a total of 1147 vehicles, of which 969 are equipped with GPS technology.

Key business activity

MSW C&T Project

MSW Processing Project‍

Mechanized & Sweeping Project

How much share for

In Antony Pastel IPO, 50 per cent is reserved for qualified institutional buyers. 15 per cent is reserved for HNIs, while 35 per cent is reserved for retail investors.

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 possible time table

When will open – December 21, 2020

When will it close – December 23, 2020

Allotment Date – December 29, 2020

Initiation of Refund – December 30, 2020

Share Credit in Demat Account – December 31, 2020

IPO Listing – January 1, 2021

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