Antony Waste Handling Cell shares list at 37% premium

Antony Waste Handling Cell shares made a strong market debut on January 1, 2021, opening at ₹430 apiece on the BSE. That marked a premium of 36.51 per cent from the upper end of the issue price of the municipal solid waste management service provider’s IPO, which was subscribed more than 15 times last month. Antony shares jumped as much as 56.43 per cent to quote at ₹ 492.75 apiece on the bourse at the strongest level of the day.

At 10:36 am, the Antony Waste stock traded at ₹ 463.55 apiece on the BSE, marking a jump of ₹148.55 or 47.16 per cent compared with the issue price.


On the NSE, the stock opened at ₹436.10 and is now ruling at ₹458.

The counter saw combined volumes of both BSE and NSE of about 1.30 crore shares.

Antony Waste Handling Cell Ltd’s ₹300-crore initial public offering (IPO) was subscribed about 15 times on the last day of the issue.

The issue came out in a price band of ₹313-₹315 per share.

The portions allotted for qualified institutional buyers and non-institutional investors were subscribed 9.7 times and 18.7 times respectively, while the retail investor portion received bids 16.4 times.

Ahead of the opening of the IPO, it had raised ₹90 crore from 10 anchor investors at ₹315 a share. These investors included Massachusetts Institute of Technology and SBI Mutual Fund.

The IPO comprises a fresh issue of shares worth ₹85 crore and an offer-for-sale of 68.25 lakh shares by existing shareholders such as Tonbridge (Mauritius) Ltd, Leeds (Mauritius) Ltd, Cambridge (Mauritius) Ltd, and Guildford (Mauritius) Ltd.