Antony Waste Handling Cell has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company’s IPO comprises fresh issuance of shares worth Rs 98.5 crore and an offer for sale of 99,27,175 equity shares by existing shareholders. Tonbridge (Mauritius), Leeds (Mauritius), Cambridge (Mauritius) and Guildford (Mauritius) will be offering shares through the offer for sale.
The shares of the company are proposed to be listed on both BSE and NSE. The proceeds of the issue will be utilized towards reduction of aggregate outstanding borrowings of the company on a consolidated basis and general corporate purpose, among others. Equirus Capital and IIFL Securities are the book running lead managers to the issue.
Antony Waste Handling Cell is a leading player in solid waste management services in the country.
