For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Antony Waste Handling Cell Listing On January 1: What To Expect?

|

In an eventful year for the IPO market which saw back to back IPOs to tap market momentum, Antony Waste Handling Cell IPO was the last one to hit in the year 2020 and its listing shall be on the first day of 2021 i.e. tomorrow.

 

The IPO was previously opened for subscription in March but because of lack lustrous response then it was withdrawn.

Antony Waste Handling Cell Listing On January 1: What To Expect?

And now just ahead of the scrip's listing tomorrow, in comparison to its issue price decided at Rs. 315 as per the grey market data fetched from IPO Watch, IPO Central, on December 30, 2020, the scrip in the grey market traded at a 30% premium of Rs. 100-Rs. 120.

Notably, the grey market premium for Antony waste saw high volatility with premium price cracking to Rs. 30-35 when the issue closed for subscription and was at the time of issue opening surged to Rs. 170 and just before the announcement of the price band it was at Rs. 50 and now again rebounded to Rs. 100-Rs. 120 this week.

So what should investors who have been allotted Antony Waste shares expect on its listing day?

 

And as the grey market price movement is suggestive of the likely price listing of the scrip, here are the expert views on the listing of Antony Waste IPO
"Antony Waste is unlikely to achieve the same listing witnessed by issues prior to it such as Burger King or Mrs Bectors. While the issue was well subscribed, it is not a company where big funds would be much interested," explains Keshav Lahoti, equity research analyst at Angel Broking. Notably, the IPO of Antony Waste was subscribed 15 times.

Nonetheless, the scrip of Antony Waste shall 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.

GoodReturns.in

Read more about: ipo ipo listing
Story first published: Thursday, December 31, 2020, 18:16 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X