Antony Waste Handling Cell IPO: Review

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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.

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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.

ParticularsFor the year/period ended (₹ in crores)
 FY2018FY2019FY20206M2021
Revenue290.7298.5464.6215.1
Total Assets428.0512.6672.1707.5
Profit After Tax 39.834.662.029.0

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 DateDec 21, 2020
IPO Closing DateDec 23, 2020
Face Value₹5 per equity share
Price BandINR313 to INR315 per equity share
Market Lot47 Shares
Min Order Quantity47 Shares
Issue SizeINR 300 crores
Fresh IssueINR 85 crores
Offer for SaleINR 215 crores

Subscription Details

CategoryShares offeredDay 1Day 2Day 3
QIB1,904,6690.630.649.67
NII1,428,5020.080.2718.68
Retail3,333,1713.557.2116.54
Total6,666,3421.973.8515.04

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

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