Antony Waste Handling Cell Limited raises Rs 89.99 crore from 10 anchor investors
Posted On: 2020-12-19 21:52:24 (Time Zone: Arizona, USA)
Antony Waste Handling Cell Limited (the Company ), the 2nd largest player in the Indian MSW management industry which is estimated at INR 500 billion For FY2020 with an established track record of more than 19 years, allotted 2,857,003 equity shares to 10 anchor investors and raised Rs 89.99 crore ahead of the company s proposed IPO at an upper price band of Rs 315 per equity shares.
The anchor allocation is as follows:
Massachusetts Institute of Technology - 44.44%
SBI Equity Savings Fund - 13.30%
SBI Infrastructure Fund - 11.11%
Tata AIG General Insurance Company Limited - 5.56%
Antony Waste Handling Cell Limited (AWHCL) IPO - Top 12 Things to Know
Posted On: 2020-12-18 08:29:22 (Time Zone: Arizona, USA)
1. AWHCL is one of the top five players in the Indian Municipal Solid Waste (MSW) Management industry, providing a full spectrum of MSW services. It chiefly caters to municipal bodies, and has undertaken more than 25 large-scale projects over the course of nearly 2 decades, of which 18 are ongoing.
2. The Company provides a full range of MSW management services including Collection & Transfer (C&T), mechanized sweeping, waste processing and waste-to-energy. The current portfolio of projects comprise 12 C&T projects, two MSW processing projects and four mechanized sweeping projects.
Strong track record and marquee clients
Antony Waste Handling Cell Limited has an established track record of 17 years and is among the top five players in the Indian MSW management industry. It is indulged in providing a full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities.
The company has few of the marquee clients in its kitty including the Municipal Corporation of Greater Mumbai (MCGM), the Navi Mumbai Municipal Corporation (NMMC), the Thane Municipal Corporation (TMC), Pimpri Chinchwad Municipal Corporation (PCMC), the North Delhi Municipal Corporation (NDMC), and other municipal corporations.
Antony Waste Handling Cell Limited IPO to open on December 21, 2020
Posted On: 2020-12-17 02:33:15 (Time Zone: Arizona, USA)
Antony Waste Handling Cell Limited (the Company ), the 2nd largest player in the Indian MSW management industry (estimated at INR 500 bn for FY2020) with an established track record of more than 19 years, proposes to open on December 21, 2020, an initial public offering ( Issue ) of equity shares of face value of Rs. 5 each (the Equity Shares ) for cash at a Price Band of Rs. 313 per Equity Share to Rs. 315 per Equity Share consisting of a fresh issue of Equity Shares aggregating up to Rs. 850 million and an Offer for Sale of up to 6,824,933 Equity Shares comprising up to 1,390,330 Equity Shares by Leeds (Mauritius) Limited; up to 2,085,510 Equity Shares by Tonbridge (Mauritius) Limited; up to 1,158,667 Equity Shares by Cambridge (Mauritius) Limited; and up to 1,158,667 Equity Shares by Guildford (Mauritius) Limited.