Antony Waste Handling Cell is incorporated in 2001. The company is one of the market leaders in Municipal Solid Waste Management (MSW) industry. The company is set to launch the IPO of INR 300 crores which will includes fresh issues as well offer for sale. In this article, we take a closer look at the Antony Waste Handling Cell IPO Details and its possible future prospects.
About the company:
Antony Waste Handling Cell is one of the top five players in the Indian Municipal Solid Waste Management (MSW) industry. The company is established in way back in 2001.
The company providing services such as solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. The company’s key business operations include MSW C&T, MSW processing, and Mechanized sweeping project.
Antony Waste Handling Cell is also present in the emerging waste management area in India which is MSW based WTE (Waste to Energy).
AWHC is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management.
The company is undertaking more than 25 projects as of 30 November 2018. Out of 25 projects 14 are still ongoing including Navi Mumbai Municipal Corporation (NMMC), Thane Municipal Corporation (TMC), Pimpri Chinchwad Municipal Corporation (PCMC), Mangalore Municipal Corporation (MMC), New Okhla Industrial Development Authority (NOIDA), and Greater Noida Industrial Development Authority (GNIDA). Check Day by Day IPO Subscription Details (Live Status)
Competitive Strengths
- The company is leading player in the Municipal solid waste management industry.
- Antony waste handling cell has consistent track record of MSW project execution.
- The company has diversified product portfolio which includes solid waste collection, transportation, processing and disposal services.
- AWHC runs operations with latest technology tools, vehicles and equipment.
- The company has experienced management team of promoters
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Services
MSW C&T Project: The company provide services of MSW collection from commercial establishment, households, and community bins.
MSW Processing Project: The company also provides service likeSorting and segregating waste from MSW C&T through composting, shredding, recycling, etc.
Mechanized Sweeping Project: AWHC also handles operations such asdeploying power sweeping machines, maintenance, consumables, safe waste disposal, and others to complete cleaning operations.
Promoters
Antony Waste Handling Cell is Promoted by Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Shiju Antony Kallarakka.
Financials
Antony Waste Handling Cell’s revenue is increased from INR 290.7 crores to INR 464.6 crores from FY2018 to FY2020 respectively and INR 215.1 crore as of 30 Sep. 2020
The company’s Assets are also increased from INR 428.0 crores to INR 672.1 crore from FY2018 to FY2020 respectively and INR 707.5 crore as of 30 Sep. 2020
In past few years, the company has been profitable and marking the growth of 9% in FY2020. Other details are mentioned in table below.
| Particulars | For the year/period ended (₹ in crores) | |||
| FY2018 | FY2019 | FY2020 | 6M2021 | |
| Revenue | 290.7 | 298.5 | 464.6 | 215.1 |
| Total Assets | 428.0 | 512.6 | 672.1 | 707.5 |
| Profit After Tax | 39.8 | 34.6 | 62.0 | 29.0 |
Antony Waste Handling Cell IPO: Fresh + OFS
The company is set to launch the IPO of INR 300 crores which will includes INR 85 crore worth shares as fresh issues as well INR 215 crore worth shares as offer for sale.
Capital raised by through the IPO is proposed to used to pay-off company’s consolidated borrowings by infusing debt in Subsidiary-AG Enviro and to finance PCMC WTE Project through investment in subsidiaries
Also Read : List of Mainboard IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Antony Waste Handling Cell IPO Details
Antony waste handling cell IPO is going to open on Dec 21, 2020 and close on Dec 23, 2020. The face value of the share is INR 5 per equity share and the price band is INR 313 to INR 315 per equity share. Other details are given below.
| IPO Opening Date | Dec 21, 2020 |
| IPO Closing Date | Dec 23, 2020 |
| Face Value | ₹5 per equity share |
| Price Band | INR313 to INR315 per equity share |
| Market Lot | 47 Shares |
| Min Order Quantity | 47 Shares |
| Issue Size | INR 300 crores |
| Fresh Issue | INR 85 crores |
| Offer for Sale | INR 215 crores |
Subscription Details
| Category | Shares offered | Day 1 | Day 2 | Day 3 |
| QIB | 1,904,669 | 0.63 | 0.64 | 9.67 |
| NII | 1,428,502 | 0.08 | 0.27 | 18.68 |
| Retail | 3,333,171 | 3.55 | 7.21 | 16.54 |
| Total | 6,666,342 | 1.97 | 3.85 | 15.04 |
Tentative Dates
IPO Open Date: Dec 21, 2020
IPO Close Date: Dec 23, 2020
Basis of Allotment Date: Dec 29, 2020
Initiation of Refunds: Dec 30, 2020
Credit of Shares to Demat Account: Dec 31, 2020
IPO Listing Date: Jan 1, 2021
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 Handling Cell IPO: Registrar
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
