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

Antony Waste Handling provides full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. Antony Waste Handling IPO comprises public Issue of [●] Equity Shares of Rs.5/- each at a price of Rs. [●]/- per Equity Share aggregating to Rs. [●]/-Millions.

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 Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Antony Waste Handling IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

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. Initial public offer of up to [●] Equity Shares of Rs. 5 each, at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs. [●] million. The Offer comprises of a Fresh Issue of up to Rs.435 million.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,

  • Our EBITDA increased from Rs 737.05 million to Rs 844.71 million, representing a CAGR of 7.05%.
  • our profit after tax increased from Rs 262.8 million to Rs 422.57 million, representing a CAGR of 26.81%.
  • Our Return on net worth for Fiscals 2016, 2017 and 2018 was 27.86%, 33.47% and 26.38%, respectively.

The Promoters of this company are Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Shiju Antony KallarakkalThe lead manager to the issue is Equirus Capital Private Limited and the Registrar to this issue is Link Intime India Private Limited.


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Antony Waste Handling IPO Date

The opening and the closing date of Antony Waste Handling IPO is not known yet.


Antony Waste Handling IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Antony Waste Handling IPO Allotment Status

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


Antony Waste Handling IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Antony Waste Handling IPO Equity Share Offering

Initial public offer of up to [●] Equity Shares of Rs. 5 each, at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs. [●] million.


Antony Waste Handling Limited – Company Overview

Antony Waste Limited are 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 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. They are also present in the emerging waste management area in India which is MSW based WTE.

Their portfolio of 14 ongoing projects as on November 30, 2018, comprised eight MSW C&T projects, one MSW processing (including WTE) project and five mechanized sweeping projects. They are currently undertaking projects for the Municipal Corporation of Greater Mumbai (“MCGM”), the Navi Mumbai Municipal Corporation (“NMMC”), the Thane Municipal Corporation (“TMC”), the North Delhi Municipal Corporation (“NDMC”), the Ulhasnagar Municipal Corporation (“UMC”), the Mangalore Municipal Corporation (“MMC”) and the Greater Noida Industrial Development Authority (“GNIDA”)

The Company is promoted by Jose Jacob Kallarakal, Shiju Jacob Kallarakal and Shiju Antony Kallarakkal and are the guiding force behind the growth and strategic decisions of the Company.

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.
  • De-risked business model with diverse portfolio of projects.
  • Strong base of modern and well-maintained fleet of vehicles.
  • Experienced Promoters and Management Team with Strong Domain Expertise.

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 our geographical footprint.
  • Moving up the MSW value chain by increasing our presence in the emerging waste management areas in India like WTE domain.
  • Continue to focus on enhancing operational efficiency.

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-Jun-1831-Mar-1831-Mar-1731-Mar-16
Total Assets4,402.864,287.873,648.033,267.52
Total Revenue724.772,888.742,876.492,393.35
Total Expense621.102395.142457.882063.18
Profit After Tax(60.44)422.57387.66262.80

Earnings per Equity Share (in Millions)

30-Jun-1831-Mar-1831-Mar-1731-Mar-16
Basic  (2.27)24.8223.3913.12
Diluted(2.27)14.7414.048.35

From the above statements, one could find that the Penna Cement Industries Limited may perform well.


Antony Waste Handling Limited IPO – Promoters

The Promoters of this company are:

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

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


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. 435 million
Offer for sale
By Leeds (Mauritius) Limited

 

Up to 1,390,322 Equity Shares aggregating up to Rs [●] million
By Tonbridge (Mauritius) Limited Up to 2,085,502 Equity Shares aggregating up to Rs [●] million
By Cambridge (Mauritius) LimitedUp to 2,065,300 Equity Shares aggregating up to Rs [●] million
By Guildford (Mauritius) Limited Up to 3,901,040 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 Issue14,302,710 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Antony Waste Handling IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company
  •  Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis; and
  •  General Corporate Purposes

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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.
  • Long term contracts with municipalities and Government agencies.
  • Strong track record of project execution
  • De-risked business model with diverse portfolio of projects
  • Strong base of modern and well-maintained fleet of vehicles and equipment
  • Experienced Promoters and Management Team with Strong Domain Expertise

The relevant quantitative factors are:

Basic EPSDiluted EPSRONW (%)NAV (Rs.)
31-Mar-1613.128.3527.86
31-Mar-1723.3914.0433.47
31-Mar-1824.8214.7426.3892.63
  • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
ParticularsP/E ratio
Highest[●]
Average[●]
Lowest[●]

 


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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:
Contact person: Pavan Naik / Gaurav Phadke
Investor Grievance Email:
SEBI Registration Number: INM000011286

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:
Contact person: Shanti Gopalkrishnan
Investor Grievance Email:
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

Antony Waste Handling IPO Grey Market Premium

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


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Antony Waste Handling Limited IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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