Antony Waste Handling IPO subscribed nearly 4 times on Day 2; last day today

Antony Waste Handling IPO subscribed nearly 4 times on Day 2; last day today


Till yesterday evening the Antony Waste Handling IPO received bids for 2,56,65,478 shares, which was nearly 4 times the issue size of 66,66,342 shares. Antony Waste Handling IPO hit the markets on Monday this week. Antony Waste Handling is one of the top five players in the MSW management industry, providing a full spectrum of MSW (Municipal Solid Waste) services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian Municipalities. 

Antony Waste Handling Issue Details: 

Antony Waste Handling Price Band is Rs 313 – Rs 315 while the Issue Size is Rs 300 Cr. Today is last date to apply of the IPO. Face Value of the share is Rs 5, Bid Lot size is 47 and the multiple thereof and the listing is going to happen on BSE and NSE. Lead Managers are Equirus Capital Private Limited and IIFL Holdings Limited. Registrar for the issue is Link Intime India Private Ltd. The fresh issue is of Rs 85 cr while OFS is worth Rs 215 cr. BEPL Capital recommends subscribing for potential listing gains for the investors. The current grey market premium is Rs 90 – Rs 100. 

Antony Waste Handling Strengths & Strategies: 

End-to-end capabilities in MSWM 

Antony Waste Handling is among the key players in sanitary as well as bioreactor landfill construction and management sector with in-house expertise for landfill construction along with its management. It also has an established track record of more than 19 years. 

Antony Waste Handling Cluster Project Approach: 

As of November 15, 2020, Antony Waste Handling has five ongoing projects clustered around the MMR and six ongoing projects clustered around NCR regions. By leveraging the manpower and equipment that is setup at nearby sites, it attempts to rationalize managerial costs and overheads, thus achieving economies of scale. Kanjurmarg site (which is currently run by Antony Lara) in Mumbai is a key success story of scientific landfill in India. As of November 15, 2020, it had processed approximately 7.63 million metric tons of waste at the Kanjurmarg site since Fiscal 2010. 

Moving up the value chain: 

The Indian waste to energy market is in its nascent stage and holds huge potential in the long run. With increasing energy demand and government initiatives, WTE (waste-to-energy) market is anticipated to see more PPP (Public Private Partnership) based projects. Antony Waste Handling is currently engaged in bio-mining at our Kanurmarg site, as this forms an integral part of the bioreactor landfill and also intends to continue to bid for bio-mining projects. 

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Antony Waste Handling Projects across several states: 

Antony Waste Handling is currently undertaking projects in multiple States / Union Territories such as Maharashtra, Uttar Pradesh, Delhi, Karnataka, Rajasthan, Haryana and Punjab. The company plans to continue to expand into states with high GDP, growing urbanization, high standard of living, favourable geographic and climatic conditions. Municipal waste management services have been controlled by relevant municipal corporations with only 30-35% being managed by professional waste management players. 





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