noscript

News

 
 
Antony Waste Handling Cell IPO subscribed 50%
11-Mar-20   18:05 Hrs IST

The initial public offer (IPO) of Antony Waste Handling Cell received bids for 24.09 lakh shares today, 11 March 2020, as against 48.24 lakh shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.50 times.

The issue opened for bidding on 4 March 2020. It was slated to close on Friday, 6 March 2020. However, the company extended its closure date and revised the price band as it failed to receive full subscription on the final day.

The issue closure date has been extended till 16 March 2020. The price band has been revised to Rs 294-300 per share compared with the original band of Rs 295-300 a share.

The company on 3 March 2020 raised Rs 60.94 crore from anchor investors, ahead of its initial share sale. The company allotted 20.65 lakh shares at a price of Rs 295 per share to a total of 3 anchor investors, viz. Massachusetts Institute of Technology, Vantage Equity Fund and 238 Plan Associates LLC, which received 65.6%, 18% and 16.4% of the total anchor portion, respectively.

Incorporated in 2001, Antony Waste Handling Cell is one of the top five players in the Indian MSW (municipal solid waste) management industry with an established track record of 17 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. It is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management. The company has also entered into the waste-to-energy (WTE) segment which is at the top of the MSW value chain.

The company is currently undertaking projects for the Municipal Corporation of Greater Mumbai, the Navi Mumbai Municipal Corporation, the Thane Municipal Corporation, the North Delhi Municipal Corporation, the Ulhasnagar Municipal Corporation, the Mangalore Municipal Corporation and the Greater Noida Industrial Development Authority. It is also currently undertaking a project for Jaypee International Sports. As of 1 January 2020, its consolidated fleet consisted of 1,089 vehicles and 6,579 full-time employees. There were 17 ongoing projects.

The IPO consisted of two parts, i.e., offer for sale (OFS) of 57 lakh equity shares by existing share holders (private equity investors) and fresh issue of equity shares aggregating upto Rs 35 crore. The OFS of up to 57 lakh equity shares comprises up to 13,90,322 equity shares by Leeds (Mauritius); up to 20,85,502 equity shares by Tonbridge (Mauritius); up to 7,69,917 equity shares by Cambridge (Mauritius); and up to 14,54,259 equity shares by Guildford (Mauritius).

The company proposes to utilize the net proceeds (from fresh issue of equity) towards reduction of the consolidated borrowings of the company by infusing debt in its subsidiary AG Enviro Infra Projects for repayment and prepayment of portion of their outstanding indebtedness to the extent of Rs 30 crore and general corporate purposes.

Antony Waste Handling Cell reported net profit of Rs 27.78 crore and net sales of Rs 218.62 crore in the six-months ended September 2019.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )
Filing complaints on SEBI Complaint Redress System (SCORES)
– Easy & quick
  • Register on SCORES portal
  • Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, E-mail ID.
  • Benefits:
    • Effective communication
    • Speedy redressal of the grievances.
You can file complaints on SCORES through https://scores.gov.in/scores/Welcome.html