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Antony Waste Handling Cell Lists With Solid Gains Of Over 38%
Antony Waste Handling Cell IPO made a debut in line with expectations of 30-38% gains on the listing day. The stock listed at Rs. 436.10 on the NSE as against issue price decided at Rs. 315. This is an over 38% jump to the issue price. On BSE, the stock got listed at Rs 430, up 36.51 per cent.
The IPO, which ran from December 21-23, was subscribed 15 times, with retail investors' portion subscribing 16.54 times, non-institutional investors 18.68 times, and the portion set aside for qualified institutional buyers subscribing at 9.67 times.
The scrip of Antony Waste was likely to see decent listing on the back of bullish momentum with Nifty closing near 14000 levels in today's trade. An important point to remember here is that though the grey market premium is to a great extent representation of the stock's likely sticking and its performance post listing, actual listing gains or losses may vary because more investors trade in an actual market.
A municipal solid waste (MSW) management company attempted to hit the market to raise Rs. 300 crore.
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