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2 More Companies File For IPO: Antony Waste Handling Cell And Heranba Industries


Now it is issues galore likely to make their way in the primary market and the enthusiasm for players to tap this route has once again brightened after the initial lull amid the pandemic. Now 2 more companies have been said to file papers with the SEBI i.e. Antony Waste Handling Cell Ltd and Heranba Industries.


2 More Companies File For IPO: Antony Waste And Heranba Industries

Antony Waste Handling Cell Ltd: This IPO shall be comprising both fresh issuance of equity aggregating to Rs. 98.5 crore together with OFS of 99,27,175 equity shares. The issue was last withdrawn amid the pandemic and opened on March 4, 2020.

In the offer for sale, the promoters offloading their stake include Tonbridge (Mauritius) Ltd, Leeds (Mauritius) Ltd, Cambridge (Mauritius) Ltd and Guildford (Mauritius) Ltd. The proceeds from the issue will be used to lower the company's net debt on a consolidated basis.

Antony Waste Handling Cell is a leading player in solid waste management services in the country. Equirus Capital and IIFL Securities are the book running lead managers to the issue.

Heranba Industries IPO shall comprise both fresh equity issuance for Rs. 60 crore as well as OFS for 90,15,000 equity shares by existing shareholders, as per the draft papers filed last month.

The company is engaged in the business of manufacturing and marketing a range of agrochemicals.The issue is being managed by Emkay Global Financial Services Limited and Batlivala & Karani Securities India Private Limited.

Story first published: Tuesday, October 6, 2020, 6:56 [IST]
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