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Antony Waste Handling Cell To Launch Its IPO On December 21

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Antony Waste Handling Cell will open its IPO offer for public subscription on December 21. Earlier, the solid waste management entity launched its Rs. 200 crore IPO in March this year but amid a tepid investor response even after extending the closing date and price band, withdrew the offer later.

Antony Waste Handling Cell To Launch Its IPO On December 21
 

As per the information with the NSE, the IPO offer shall end on December 23. And the IPO price band shall be decided in the next few days by the company and promoters in consultation with merchant bankers. And information on the same shall be disseminated via newspaper ads.

The issue comprises fresh issuance of Rs. 85 crore and OFS of up to 68,24,933 equity shares by selling shareholders. The various selling shareholders include Leeds (Mauritius), Tonbridge (Mauritius), Cambridge (Mauritius) and Guildford (Mauritius).

Proceeds from the fresh issuance shall be put for part-financing PCMC WTE project via investment in subsidiaries, AG Enviro and/or ALESPL, reduction of consolidated debt of company and subsidiaries; and for other general corporate purposes.

Book running lead managers for the IPO are Equirus Capital and IIFL Securities.

Antony Waste is among the top key players in the Indian MSW (municipal solid waste) management industry and offers a whole range of services including solid waste collection, transportation, processing and disposal services across the country.

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Read more about: ipo public issue
Story first published: Wednesday, December 16, 2020, 20:03 [IST]
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