Antony Waste Handling Cell IPO
Antony Waste Handling Cell IPO — date, price band, lot size & details 2020
Antony Waste Handling Cell listed on 1 Jan 2021 at ₹436.1, 38.4% above the ₹315 issue price.
Antony Waste Handling Cell is one of the top five municipal solid waste management companies in India, handling collection, transport, processing and landfill work for municipalities. Its total income was Rs 464.61 crore in FY2020.
Stock price
Antony Waste Handling Cell is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 21 Dec 2020
- Close 23 Dec 2020
- Allotment 29 Dec 2020
- Refund/credit 30 Dec 2020
- Listing 01 Jan 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Dec, 2020 |
|---|---|
| Price Band | ₹313 – ₹315 |
| Face Value | ₹5 |
| Lot Size | 47 Shares |
| Issue Size | ₹299.99 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,805 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 47 shares at the ₹315 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 47 | ₹14,805 |
| Retail (max) | 13 | 611 | ₹1,92,465 |
| S-HNI (min) | 14 | 658 | ₹2,07,270 |
| S-HNI (max) | 67 | 3,149 | ₹9,91,935 |
| B-HNI (min) | 68 | 3,196 | ₹10,06,740 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 290.78 crore in FY2018 to Rs 464.61 crore in FY2020.
- 02Profit after tax rose from Rs 34.68 crore in FY2019 to Rs 62.08 crore in FY2020.
- 03It has more than 19 years of experience in MSW services and is among the top five players.
- 04Net worth rose from Rs 120.12 crore in FY2018 to Rs 229.96 crore on 30 September 2020.
- 05The share of its top five clients fell from 93.70% in FY2019 to 77.55% in the six months to 30 September 2020.
Risks · 6
- 01Its top five clients gave 77.55% of revenue in the six months to 30 September 2020.
- 02Most clients are municipalities, so payments can be slow, and total borrowing was Rs 208.91 crore on 30 September 2020.
- 03Profit after tax fell from Rs 39.88 crore in FY2018 to Rs 34.68 crore in FY2019.
- 04The PCMC waste to energy project takes Rs 40.00 crore from the issue and carries execution risk.
- 05Rs 214.99 crore of the Rs 299.99 crore issue went to the selling investors.
- 06Promoters and the promoter group held 51.10% before the issue and 46.23% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Antony Waste Handling Cell offer document.
| Metric | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 707.57 | 672.10 | 512.64 | 428.07 |
| Total Income | 215.10 | 464.61 | 298.52 | 290.78 |
| Profit After Tax | 29.05 | 62.08 | 34.68 | 39.88 |
| NET Worth | 229.96 | 210.48 | 150.35 | 120.12 |
| Total Borrowing | 208.91 | 209.38 | 183.80 | 152.57 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹79.00 Cr of the issue is earmarked to named objects.
Antony Waste Handling Cell IPO Anchor Investors
10 anchor investors across 4 fund houses committed ₹89.99 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Tata Aig General Insurance Company Limited | Tata Aig General Insurance | 158,815 | 5.00 | 5.56% |
| SBI Select Equities Fund | - | 158,731 | 5.00 | 5.56% |
| SBI Debt Hybrid Fund | SBI Mutual Fund | 127,887 | 4.03 | 4.48% |
| SBI Equity Savings Fund | SBI Mutual Fund | 379,995 | 11.97 | 13.30% |
| SBI Infrastructure Fund | SBI Mutual Fund | 317,485 | 10.00 | 11.11% |
| SBI Long Term Advantage Fund Series I | SBI Mutual Fund | 35,015 | 1.10 | 1.23% |
| SBI Long Term Advantage Fund Series Ii | SBI Mutual Fund | 35,015 | 1.10 | 1.23% |
| SBI Long Term Advantage Fund - Series Iii | SBI Mutual Fund | 57,011 | 1.80 | 2.00% |
| Massachusetts Institute Of Technology | Massachusetts Institute Of Technology | 1,269,564 | 39.99 | 44.44% |
| 238 Plan Associates Llc | - | 317,485 | 10.00 | 11.11% |
| Total anchor allocation | 89.99 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
According to the Frost & Sullivan Report in its RHP, it is one of the top five players in the Indian municipal solid waste (MSW) management industry, with a track record of more than 19 years. It mainly serves Indian municipalities.
It runs MSW collection and transportation, MSW processing, mechanized sweeping, and landfill construction and management projects. It is also building a waste to energy project at PCMC.
The IPO was Rs 299.99 crore, with Rs 85.00 crore of fresh issue and Rs 214.99 crore of offer for sale by four Mauritius based investors. The fresh money was for the PCMC waste to energy project and for cutting debt.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Antony Waste Handling Cell IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Equirus Capital Pvt.Ltd.
36 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Antony Waste Handling Cell?
The current Grey Market Premium is ₹102.5, or 33% over the issue price.
What is the Antony Waste Handling Cell IPO price band?
₹313 to ₹315, on a face value of ₹5.
When is the allotment?
The basis of allotment is 29 December 2020, with listing on 1 January 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
