Incorporated in 2001, Antony Waste Handling Cell Limited is one of the leaders in India’s Municipal Solid Waste Management (MSW) industry.
The business is offering a full spectrum of MSW services i.e. solid waste collection, processing, transportation, and its disposal across the country. It also plays a leading position in the landfill construction and management sector.
The company’s key business operations include MSW C&T, MSW processing, and Mechanized sweeping project. As of August 31, 2020, Antony Waste has 17 MSW C&T, 2 MSW processing, and 4 mechanized sweeping ongoing projects.
The company is undertaking many projects of Navi Mumbai Municipal Corporation (NMMC), Thane Municipal Corporation (TMC), Pimpri Chinchwad Municipal Corporation (PCMC), Mangaluru Municipal Corporation (MMC), New Okhla Industrial Development Authority (NOIDA), and Greater Noida Industrial Development Authority (GNIDA). It has a waste processing plant at the Kanjurmarg site.
Key Business Activities
- MSW C&T Project: MSW collection from commercial establishments, households, and community bins.
- MSW Processing Project: Sorting and segregating waste from MSW C&T through composting, shredding, recycling, etc.
- Mechanized sweeping Project: Deploying power sweeping machines, maintenance, consumables, safe waste disposal, and others to complete cleaning operations.
Competitive Strengths
- Leading player in the MSW management industry.
- Consistent track record of MSW project execution.
- Diversified project portfolio.
- Latest technology tools, vehicles, and equipment
- Experienced team of promoters.
Company Promoters
Jose Jacob Kallarakal, Shiju Jacob Kallarakal, and Shiju Antony Kallarakkal are the promoters of the company.
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 6,721.03 | 5,126.38 | 4,280.70 |
| Total Revenue | 4,646.11 | 2,985.18 | 2,907.78 |
| Profit After Tax | 620.76 | 346.82 | 398.84 |
Objects of the Issue
The company proposes to utilize funds towards the following objects:
- To finance PCMC WTE Project through investment in subsidiaries
- To pay-off company’s consolidated borrowings by infusing debt in Subsidiary-AG Enviro
- To meet general corporate purposes.
Antony Waste IPO Details
| IPO Opening Date | Dec 21, 2020 |
| IPO Closing Date | Dec 23, 2020 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | [313] to [315] per equity share |
| Market Lot | 47 Shares |
| Min Order Quantity | 47 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹300 Cr. |
| Offer for Sale | 6,824,933 Eq Shares of ₹5 |
Antony Waste IPO – Schedule
The Antony Waste IPO open date is Dec 21, 2020, and the close date is Dec 23, 2020. The issue may list on Jan 1, 2021.
| IPO Open Date | Dec 21, 2020 |
| IPO Close Date | Dec 23, 2020 |
| Basis of Allotment Date | Dec 29, 2020 |
| Initiation of Refunds | Dec 30, 2020 |
| Credit of Shares to Demat Account | Dec 31, 2020 |
| IPO Listing Date | Jan 1, 2021 |
Antony Waste IPO Lots Size & Price (Retail)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 47 | 14,805 |
| Maximum | 13 | 611 | 1,92,465 |
Antonywaste IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Antonywaste IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Antonywaste IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Antonywaste IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Antony Waste Handling Cell Limited 1403, 14th Floor, Dev Corpora Building Opp. Cadbury Company, Eastern Express Highway Thane – 400 601 Phone: +91 (22) 4100 9295 Email: investor.relations@antonyasia.com Website: http://www.antony-waste.com/ |
