Antony Waste Handling IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 21/12 - 23/12
Issue Size ₹85.0 Cr
Issue Price ₹313-315
Market Lot 47 Shares
Shares on Offer 6,824,933
Registrar Link Intime
GMP ₹60-65
Kostak ₹200-220
Subject to Sauda ₹4500-4700
Listing Date 01 Jan 2021
Listing Price ₹436.10
Listing Gain% 38.44

About Antony Waste Handling Cell Ltd

The Company is part of the ‘Antony’ group which has diversified business interests, including in the automotive body-building and ancillary industries. The Company is one of the top five players in the Indian Municipal Solid Waste (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. It is among the select few who have pioneered in MSW collection and transportation sector. It is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management. It is also present in the emerging waste management area in India which is MSW based Waste to Energy (WTE).

The Company primarily undertakes MSW C&T (Collection & Transport) projects, MSW processing projects and mechanized sweeping projects through itself and/or Subsidiaries. Having undertaken more than 25 projects till date, of which 14 are ongoing, it has demonstrated a track-record as a comprehensive service provider equipped with the resources to handle large-scale projects for municipalities as well as private players. Its portfolio of 14 ongoing projects comprised eight MSW C&T projects, one MSW processing (including WTE) project and five mechanized sweeping projects.

The Company is currently undertaking projects for the Municipal Corporation of Greater Mumbai, the Navi Mumbai Municipal Corporation, the Thane Municipal Corporation, the North Delhi Municipal Corporation, the Ulhasnagar Municipal Corporation, the Mangalore Municipal Corporation and the Greater Noida Industrial Development Authority. It is also currently undertaking a project for Jaypee International Sports. In the past, it also has undertaken projects for Municipal Corporation of Delhi, Municipal Corporation, Gurgaon Amritsar Municipal Corporation, Kalyan Dombivali Municipal Corporation and Jaipur Municipal Corporation. Its strengths and capabilities are evidenced by the long-term servicing relationships that it has been able to maintain with some customers.

The Company’s foothold in the solid waste management industry can be traced back to the incorporation of the Company in 2001. Starting with a simple business of collection and transportation of waste, it has 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.

To become a valued partner to our customers and to make a significant contribution towards preserving the environment by planning and implementing strategies to ensure that the country's need for a total solid waste management solution is fully met.

The Company strive to deliver high quality services at every stage of our projects. We have a qualified team of engineers and other professionals to ensure that our project sites are adequately stock with spares. Through our store inventory management, we strive to achieve optimal stock levels of spare parts. We also strive to purchase spare parts at the best market price from the original equipment manufacturers to ensure quality at the same time. This enables us to ensure timely fleet maintenance, thereby reducing the vehicle break down time.

Promoters

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

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 6,721.03 5,126.38 4,280.70
Total Revenue (In ₹ Millions) 4,646.11 2,985.18 2,907.78
Profit After Tax (PAT) (In ₹ Millions) 620.76 346.82 398.84

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
24 Dec 2020 ₹60-65 ₹200-220 ₹4500-4700
23 Dec 2020 ₹30-35 ₹190-200 ₹4500
22 Dec 2020 ₹90-95 ₹190-200 ₹5000
21 Dec 2020 ₹150-155 ₹220-225 ₹4800-5000
18 Dec 2020 ₹58-60 ₹210-230 N/A

Strengths & Weaknesses

Strength
Company's Revenue and Profit is on the rise since 2018 according to company financials
High value for Subject to Sauda price.
Weakness
The GMP has dropped significantly from the range of ₹150-155 to ₹60-65
The new Corona virus strain found in the UK can cause the stock market to go down.

Antony Waste Handling Cell Ltd IPO Reviews

  • Rating: 
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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 21 Dec 2020 0.63 0.08 3.56 1.98
Day 2 - 22 Dec 2020 0.64 0.28 7.22 3.85
Day 3 - 23 Dec 2020 9.67 18.69 16.55 15.04

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Antony Waste Handling Cell Ltd IPO FAQs

  1. When will Antony Waste Handling Cell Ltd IPO open?

    Antony Waste Handling Cell Ltd IPO will open on 21/12 and close on 23/12.

  2. What is the listing date of Antony Waste Handling Cell Ltd IPO?

    Antony Waste Handling Cell Ltd IPO will list on 01 Jan 2021.

  3. What is the offer price of Antony Waste Handling Cell Ltd IPO?

    The offer price of Antony Waste Handling Cell Ltd IPO is ₹313-315.

  4. What is the lot size of Antony Waste Handling Cell Ltd IPO?

    The lot size of Antony Waste Handling Cell Ltd IPO is 47.

  5. What is the Grey Market Premium (GMP) price of Antony Waste Handling Cell Ltd IPO?

    The Grey Market Premium (GMP) price of Antony Waste Handling Cell Ltd IPO is ₹60-65.

  6. What is the Kostak price of Antony Waste Handling Cell Ltd IPO?

    The Kostak price of Antony Waste Handling Cell Ltd IPO is ₹200-220.

  7. What is the Subject to Sauda price for Antony Waste Handling Cell Ltd IPO?

    The Subject to Sauda price for Antony Waste Handling Cell Ltd IPO is ₹4500-4700.

Antony Waste Handling Cell Ltd IPO Review/Comments

I want to buy This stock

Anandkumar

It's Right

Kishor

as per today 24th dec. 2020 grey market premium. Antony Waste Handling Cell Ltd e mail dilparekh@gmail.com

dilip

500

sorabh shrimal

❇❇❇❇❇❇❇❇ Antony Waste Handling Cell IPO Last Traded GMP 175 +/- 1 Kostak 600 +/- 10 Subject to 7000 ❇❇❇❇❇❇❇❇❇ Indian Railway Finance Corporation IPO GMP 1.70 +/- 0.25 Kostak 400 +/- 10 💠💠💠💠💠💠💠💠💠 *To join our WhatsApp group send your name and city on our WhatsApp number 9122182978* Only WhatsApp

Eagleye

Antony Waste Handling Cell IPO GMP 125 +/- 1 Kostak 425 +/- 10 Subject to 5,000 Counter is dry No Volumes Only Bhav 💠💠💠💠💠💠💠 *To join our WhatsApp group send your name and city on our WhatsApp number 9122182978* Only WhatsApp

eagleye

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