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.