Antony Waste Handling Cell IPO opens today: 10 things to know
Antony Waste Handling Cell IPO: India s second-largest municipal solid waste management (MSW) company plans to raise Rs 300 crore through the share sale
BusinessToday.In | December 21, 2020 | Updated 11:16 IST
Antony Waste Handling Cell IPO will close on December 23
Antony Waste Handling Cell has launched its initial public offer (IPO) today. The firm, which is India s second-largest municipal solid waste management (MSW) company, plans to raise Rs 300 crore through the IPO. The share sale will close on December 23. Analysts have a subscribe call on the issue but with cautious approach.
Here are 10 ten things to know about the ongoing share sale:
Antony Waste Handling Cell’s ₹300-cr IPO gets subscribed 1.98 times on Day 1
Antony Waste Handling Cell is one of the top five players in the Indian Municipal Solid Waste management industry
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Mumbai:Antony Waste Handling Cell Ltd s (AWHCL) ₹300-crore initial public offering (IPO) was subscribed nearly 2 times on the first day, joining recent successes in the primary market such as Burger King India Ltd and Mrs Bectors Food Specialities Ltd.
The firm saw its IPO subscribed 1.98 times till the end of the first day on Monday, data from NSE showed. The issue closes Wednesday. The IPO attracted bids for more than 13.20 million shares compared with an issue size of 6.67 million shares. Qualified institutional buyers and non institutional investors have subscribed 0.63 and 0.08 times. Retail investor portion subscribed by 3.56 times.
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Antony Waste Handling Cell garners Rs 90 crore from anchor investors ahead of IPO financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Antony Waste Handling Cell garners Rs 90 cr from anchor investors ahead of IPO
New Delhi, Dec 19: Antony Waste Handling Cell Ltd on Saturday said it has raised Rs 90 crore from anchor investors ahead of its initial share-sale, which will open for public subscription on Monday.
The company allotted 2,857,003 equity shares at Rs 315 apiece to 10 anchor investors to raise Rs 89.99 crore, Antony Waste Handling Cell said in a statement.
The anchor investors include Massachusetts Institute of Technology, Tata AIG General Insurance Company Ltd ,SBI Equity Savings Fund and SBI Infrastructure fund, among others.
The IPO comprises fresh issuance of shares worth Rs 85 crore and an offer-for-sale of 68,24,993 equity shares by existing shareholders.