Antony Waste Handling Cell Limited IPO
The Rs 300 crores Antony Waste IPO will hit the market on December 21, 2020. The three days window for subscription will remain open until December 23. The offer contains fresh scrips worth Rs 85 crores and an offer for sale equities from its Mauritius based promoters. The company shares will list in the stock exchanges tentatively on January 1, 2021.
Antony Waste Handling Cell Limited IPO
Antony Waste Handling Cell Limited
IPO Date : 21th December 2020 - 23rd December 2020₹20/- For Intraday, F&O, Currencies & Commodities
ANTONY WASTE HANDLING CELL LIMITED INFORMATION
Antony Waste Handling Cell Limited is the second-largest solid waste management unit offering a full spectrum of waste management services. The company is a key player in collection, processing, transportation, and disposal of solid waste across the country, primarily serving the Indian municipal areas. It has over 7000 permanent employees and a fleet of 1147 vehicles to efficiently manage waste management operation. In the September quarter, the company reported a profit after tax (PTA) of Rs 290 million.
Antony Waste proposes to utilise the proceeds from the offer to finance its waste-to-energy project in Pimpri Chinchwad.
Competitive strength
- A strong player in the industry
- Close tie-ups with municipalities
- Vast project handling experience, with 18 projects currently ongoing
- Diversified project portfolio
- Availability of the latest tools, vehicles, equipment
- Experienced team and management
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