Antony Waste Handling Cell IPO subscribed 2 times on Day 1: 10 things to know
Antony Waste Handling Cell IPO: The issue will close on December 23 (Photo: www.antony-waste.com)
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The ₹300 crore IPO of Antony Waste Handling Cell opened today to strong demand and was oversubscribed in first few hours in similar response to Burger King and Mrs Bectors Food public issues. The IPO will close on December 23. Antony Waste Handling Cell is a leading player in solid waste management services in the country. As of end of Day 1, the IPO was nearly two times subscribed with the retail portion subscribed 3.56 times, QIB 0.63 times and HNI 0.08 times.
Antony Waste Handling Cell IPO Opens Today: Should You Subscribe?
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Antony Waste Handling Cell IPO: 10 Key Things To Know Before The Issue Opens
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Synopsis
The company is all set to hit the market for the second time in 2020. In its first attempt in March, the company had offered its Rs 206 crore issue in the price band of Rs 295-300.
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The company has now come out with a Rs 300 crore issue in the price band of Rs 313- Rs 315 per share. The issue will close on December 23.
MUMBAI: Antony Waste Handling Cell raised Rs 89.99 crore from 10 anchor investors at an upper end of price band at Rs 315 ahead of Monday s opening of its initial public offering (IPO). Massachusetts Institute of Technology was the top anchor investor, and was allotted 44.44 per cent of the total anchor allotments. SBI Mutual Fund also lapped up shares of the company in six schemes, and accounted for 33.34 per cent of total anchor allotments of the company.