Antony Waste Handling Cell is coming out with an initial public offering (IPO) to raise around Rs 300 crore. The issue will open on December 21, 2020 and will close on December 23, 2020. It has fixed a price band of Rs 313-315 per share. The shares of the company are proposed to be listed on both BSE and NSE.
Proceeds of the issue will be utilized for part financing a waste-to-energy project at Pimpri Chinchwad through investment in subsidiaries, reduction of consolidated borrowings of the company and general corporate purposes. Equirus Capital and IIFL Securities are the book running lead managers to the issue. Earlier, the company had withdrawn its IPO in March following tepid investor response and extremely weak markets.
Antony Waste Handling Cell is a leading player in solid waste management services in the country.
Company Name | CMP |
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VA Tech Wabag | 986.40 |
Race Eco Chain | 325.55 |
Antony Waste Hand | 509.25 |
RESGEN | 96.00 |
Eco Recycling | 543.80 |
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