Antony Waste Handling IPO – Review, Dates, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Antony Waste Handling IPO release date, IPO offer price, subscription, Antony Waste Handling Cell IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 5
Price BandRs 313 – 315
IPO Opening Date21st Dec 2020
IPO Closing Date23rd Dec 2020
Listing AtBSE, NSE
Min. Order Quantity47
Listing Date Jan 1, 2021
Offer for SaleRs 2150 MILLION
Fresh IssueRs 850 MILLION
IPO SizeRs 3000 MILLION
Tick Size1

Antony Waste Handling IPO is not listed yet, check out the live share price by clicking on the below link.

Antony Waste Handling Share Price – Live Performance

Summary of Antony Waste Handling IPO

Antony Waste Handling IPOAntony Waste Limited is one of the top five players in the Indian MSW management industry with an established track record of 17 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. 

They are among the select few who have pioneered in MSW collection and transportation sector.

They are among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management.

The company is also present in the emerging waste management area in India which is MSW based WTE.

The Promoters of this company are Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Shiju Antony Kallarakkal

The lead managers to the issue are Equirus Capital Private Limited, IIFL Securities Limited and the Registrar to this issue is Link Intime India Private Limited.


Antony Waste Handling IPO Dates / Launch Date

The opening and the closing date of Antony Waste Handling IPO is December 21, 2020 and December 23, 2020


Antony Waste Handling Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 21 Dec0.63x0.08x3.56x1.98x
2nd Day – 22 Dec0.64x0.28x7.22x3.85x
3rd Day – 23 Dec9.67x18.69x16.55x15.04x
Shares Offered or Net Issue19,04,66914,28,50233,33,17166,66,342

The shares subscribed by the public will be updated here.


Antony Waste Handling Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders.

However, the Allotment status is not yet disclosed.

Antony Waste Handling Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment FinalizationDec 29, 2020
Refunds InitiationDec 30, 2020
Credit of Shares to Demat AccountDec 31, 2020
Share Listing DateJan 1, 2021

 


Antony Waste Handling IPO Price Band / Cash Price

The face value of each share is Rs.5, but the price band of the IPO is Rs 313 – 315. 


Antony Waste Handling IPO Size

Initial public offer of up to 6,824,933 Equity Shares of Rs.5 each for a price band of Rs 313 – 315 per equity share aggregating to Rs.2150 million.


Antony Waste Handling IPO Share Offering

Fresh Issue: The Fresh Issue 2,698,412 Equity Shares by their Company of Rs.5 each at a price of Rs 313 – 315 per equity share aggregating to Rs.850 million,

Issue Size: 9,523,345 Equity Shares of Rs.5 each, aggregating to Rs.3000 million

Offer for Sale : The Issue of 6,824,933 Equity Shares of Rs.5 each at Rs 313 – 315 per Equity Share, aggregating to Rs.2150 million


Antony Waste Handling IPO – Live Performance

The listing date of this IPO is Jan 1, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Antony Waste Handling Share Price

Antony Waste Handling IPO Grey Market Premium

The Antony Waste Handling Limited IPO Grey Market Premium price is Rs 50-55, the Kostak rate is Rs 200 and the Subject to Sauda is X. 


Antony Waste Handling IPO – Company Overview

Their foothold in the solid waste management industry can be traced back to the incorporation of their Company in 2001.

Starting with a simple business of collection and transportation of waste, they have come a long way in the field of solid waste management with adoption of latest technologies and innovations thereby transforming this business itself into a complex operation system with the use of technologies in garbage compaction, processing, use of transfer stations, management of sanitary engineered landfills.

Antony Waste Handling Line of Operations

They primarily undertake:

(i) MSW C&T projects which involve door to door collection of MSW from households, slums, commercial establishments and other bulk-waste generators (community bins) from a designated area through primary collection vehicles like compactors, dumper placers and tippers and transportation of these materials, to the processing facility, transfer station or a landfill disposal site.;

(ii) MSW processing projects which involves sorting and segregating the waste received from MSW C&T, followed by composting, recycling, shredding and compressing into RDF, as required; and

(iii) mechanized sweeping projects which involve deploying of power sweeping machines, manpower, comprehensive maintenance, consumables, safe disposal of the waste and any other items required for completion of the cleaning operation of the designated areas, through ourselves and/or their Subsidiaries.

Antony Waste Handling Ongoing Projects

Having undertaken more than 25 projects as of January 1, 2020, of which 17 are ongoing, they have demonstrated their track-record as a comprehensive service provider equipped with the resources to handle large-scale projects for municipalities as well as private players.

Their portfolio of 17 ongoing projects as on January 1, 2020, comprised eleven MSW C&T projects, two MSW processing (including WTE) project and four mechanized sweeping projects.

All the 17 ongoing projects have started generating revenue.


Antony Waste Handling Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

On the basis of Standalone statement:

Amount (in INR & millions)
30-Sep-2031-Mar-20Mar-1931-Mar-18
Total Assets7,075.676,721.035,126.384,280.70
Total Revenue2,151.014,646.112,985.182,907.78
Total Expense1,851.973,794.382,508.382,419.91
Profit After Tax290.50620.76346.82398.84

Earnings per Equity Share (in Millions)

30-Sep-2031-Mar-20Mar-1931-Mar-18
Basic  7.68*27.4820.3822.49
Diluted7.68*27.4812.4613.45

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements,

  • For Fiscals 2018, 2019 and 2020 and for the six month period ended September 30, 2020, as per the Restated Financial Statements, total revenues from operations were Rs.2,761.36 million, Rs.2,836.89 million, Rs.4,505.10 million and Rs.2,073.92 million, respectively.
  • Profit after tax for Fiscals 2018, 2019 and 2020 and for the six month period ended September 30, 2020, as per the Restated Financial Statements, were Rs.398.84 million, Rs.346.82 million, Rs.620.76 million and Rs.290.50 million, respectively.
  • From Fiscal 2018 to Fiscal 2020, as per the Restated Financial Statements, their EBITDA increased from Rs.843.88 million to Rs.1,396.60 million, representing a CAGR of 28.65%.
  • Return on net worth for Fiscals 2018, 2019 and 2020 and for the six month period ended September 30, 2020 was 24.48%, 18.24%, 20.09% and 8.54% respectively.

Antony Waste Handling Limited IPO – Promoters

The Promoters of this company are:

  • Jose Jacob Kallarakal
  • Shiju Jacob Kallarakal
  • Shiju Antony Kallarakkal. 

List of Related Parties (Key Managerial Personnel)

  • Tarjindar Singh, Chief Operating Officer
  • Shiju Antony Kallarakkal, Whole-Time Director and Chief Financial Officer
  • Harshada Rane, Company Secretary and Compliance Officer

Business strategies of Antony Waste Handling Limited IPO

  • Capitalize on the growth opportunities in the MSW management sector by continued focus on bidding for MSW projects.
  • Continue with rational selection of projects and strategically expand their geographical footprint.
  • Moving up the MSW value chain by diversifying into the emerging waste management areas
  • Continue to focus on enhancing operational efficiency.

Antony Waste Handling IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs. [●] million
 Of which:
Fresh IssueUp to [●] Equity Shares aggregating up to Rs.850 million
Offer for sale
By Leeds (Mauritius) Limited

 

Up to 1,390,330 Equity Shares aggregating up to Rs [●] million
By Tonbridge (Mauritius) Limited Up to 2,085,510 Equity Shares aggregating up to Rs [●] million
By Cambridge (Mauritius) LimitedUp to 1,158,667 Equity Shares aggregating up to Rs [●] million
By Guildford (Mauritius) Limited Up to 2,190,426 Equity Shares aggregating up to Rs [●] million
QIB Portion[●] Equity Shares
Of which
Anchor Investment Portionupto [●] Equity Shares 
Balance for all QIBs including Mutual Funds[●] Equity Shares of Face Value of Rs.5/- each 
 Retail Investors Portion Not less than [●] Equity Shares
 Non-Institutional Investors PortionNot less than [●] Equity Shares
 Equity Shares outstanding prior to the Issue25,588,758 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Antony Waste Handling IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. Part-financing for PCMC WTE Project through investment in their Subsidiaries, AG Enviro and/or ALESPL;

2. Reduction of their consolidated borrowings of their Company and Subsidiaries by infusing debt in their Subsidiary – AG Enviro for repayment / prepayment of portion of their outstanding indebtedness; and

3. General corporate purposes

Competitive Strengths of Antony Waste Handling Limited IPO

  • A leading service provider in MSW management sector with end-to-end capabilities.
  • Strong track record of project execution.
  • Diversified business model
  • Access to technology backed vehicles and equipment enables them to manage their operations efficiently
  • Experienced Promoters and Management Team with Strong Domain Expertise.

Antony Waste Handling IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • A leading service provider in MSW management sector with end-to-end capabilities.
  • Strong track record of project execution
  • Diversified business model
  • Access to technology backed vehicles and equipment enables them to manage their operations efficiently
  • Experienced Promoters and Management Team with Strong Domain Expertise

The relevant quantitative factors are:

Basic EPSDiluted EPSRONW (%)NAV (Rs.)
31-Mar-1822.4913.4524.48
31-Mar-1920.3812.4618.24
*31-Mar-2027.4827.4820.09136.81

Antony Waste Handling Limited: Competitive Peers

Their Company does not have any listed industry peers in India.


Antony Waste Handling IPO Lead Managers

Lead Managers
Equirus Capital Private Limited
12th Floor, C Wing, Marathon Futurex
N.M. Joshi Marg, Lower Parel
Mumbai 400 013
Telephone: +91 (22) 4332 0600
Website: www.equirus.com
Email: awhcl.ipo@equirus.com
Contact person: Pavan Naik / Gaurav Phadke
Investor Grievance Email: investorsgrievance@equirus.com
SEBI Registration Number: INM000011286IIFL Securities Limited
10th Floor, IIFL Centre, Kamala City,
Senapati Bapat Marg, Lower Parel (West),
Mumbai 400 013
Telephone: +91 (22) 4646 4600
Website: www.iiflcap.com
E-mail: awhcl.ipo@iiflcap.com
Contact Person: Aditya Agarwal
Investor grievance e-mail: ig.ib@iiflcap.com
SEBI Registration No.: INM000010940

Antony Waste Handling Limited IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Telephone: +91 (22) 4918 6200
Website: www.linkintime.co.in
E-mail: antony.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
Investor Grievance Email: antony.ipo@linkintime.co.in
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor – Walker Chandiok & Co LLP, Chartered Accountants
  • Legal Counsel to the Issue- J. Sagar Associates
  • Bankers to the Company –  Bank of Baroda and Axis Bank.


Antony Waste Handling IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    News 1 – Antony Waste Hangling Limited IPO [Download RHP Prospectus]


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