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Antony Waste Handling Cell IPO withdrawn
(16:21, 16 Mar 2020)

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The-IPO-received-bids-for-23.87-lakh-shares-as-against-48.24-lakh-shares-on-offer,-as-per-the-National-Stock-Exchange-of-India-(NSE)-website-data-at-17:00-IST-on-13-March-2020.-It-was-subscribed-49%.-

The-issue-opened-for-bidding-on-4-March-2020.-It-was-slated-to-close-on-6-March-2020.-However,-due-to-lack-of-subscription,-the-issue-was-extended-till-16-March-2020.-The-price-band-was-revised-to-₹-294-300-per-share-compared-with-the-original-band-of-₹-295-300-a-share.

The-company-on-3-March-2020-raised-₹-60.94-crore-from-anchor-investors,-ahead-of-its-initial-share-sale.-The-company-allotted-20.65-lakh-shares-at-a-price-of-₹-295-per-share-to-a-total-of-3-anchor-investors,-viz.-Massachusetts-Institute-of-Technology,-Vantage-Equity-Fund-and-238-Plan-Associates-LLC,-which-received-65.6%,-18%-and-16.4%-of-the-total-anchor-portion,-respectively.

Incorporated-in-2001,-Antony-Waste-Handling-Cell-is-one-of-the-top-five-players-in-the-Indian-MSW-(municipal-solid-waste)-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-key-players-in-landfill-construction-and-management-sector-with-in-house-expertise-for-landfill-construction-along-with-its-management.-The-company-has-also-entered-into-the-waste-to-energy-(WTE)-segment-which-is-at-the-top-of-the-MSW-value-chain.

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.-As-of-1-January-2020,-its-consolidated-fleet-consisted-of-1,089-vehicles-and-6,579-full-time-employees.-There-were-17-ongoing-projects.

The-IPO-consisted-of-two-parts,-i.e.,-offer-for-sale-(OFS)-of-57-lakh-equity-shares-by-existing-share-holders-(private-equity-investors)-and-fresh-issue-of-equity-shares-aggregating-upto-₹-35-crore.-The-OFS-of-up-to-57-lakh-equity-shares-comprises-up-to-13,90,322-equity-shares-by-Leeds-(Mauritius);-up-to-20,85,502-equity-shares-by-Tonbridge-(Mauritius);-up-to-7,69,917-equity-shares-by-Cambridge-(Mauritius);-and-up-to-14,54,259-equity-shares-by-Guildford-(Mauritius).

The-company-proposed-to-utilize-the-net-proceeds-(from-fresh-issue-of-equity)-towards-reduction-of-the-consolidated-borrowings-of-the-company-by-infusing-debt-in-its-subsidiary-AG-Enviro-Infra-Projects-for-repayment-and-prepayment-of-portion-of-their-outstanding-indebtedness-to-the-extent-of-₹-30-crore-and-general-corporate-purposes.

Antony-Waste-Handling-Cell-reported-net-profit-of-₹-27.78-crore-and-net-sales-of-₹-218.62-crore-in-the-six-months-ended-September-2019.-

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The-IPO-received-bids-for-23.87-lakh-shares-as-against-48.24-lakh-shares-on-offer,-as-per-the-National-Stock-Exchange-of-India-(NSE)-website-data-at-17:00-IST-on-13-March-2020.-It-was-subscribed-49%.-

The-issue-opened-for-bidding-on-4-March-2020.-It-was-slated-to-close-on-6-March-2020.-However,-due-to-lack-of-subscription,-the-issue-was-extended-till-16-March-2020.-The-price-band-was-revised-to-₹-294-300-per-share-compared-with-the-original-band-of-₹-295-300-a-share.

The-company-on-3-March-2020-raised-₹-60.94-crore-from-anchor-investors,-ahead-of-its-initial-share-sale.-The-company-allotted-20.65-lakh-shares-at-a-price-of-₹-295-per-share-to-a-total-of-3-anchor-investors,-viz.-Massachusetts-Institute-of-Technology,-Vantage-Equity-Fund-and-238-Plan-Associates-LLC,-which-received-65.6%,-18%-and-16.4%-of-the-total-anchor-portion,-respectively.

Incorporated-in-2001,-Antony-Waste-Handling-Cell-is-one-of-the-top-five-players-in-the-Indian-MSW-(municipal-solid-waste)-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-key-players-in-landfill-construction-and-management-sector-with-in-house-expertise-for-landfill-construction-along-with-its-management.-The-company-has-also-entered-into-the-waste-to-energy-(WTE)-segment-which-is-at-the-top-of-the-MSW-value-chain.

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.-As-of-1-January-2020,-its-consolidated-fleet-consisted-of-1,089-vehicles-and-6,579-full-time-employees.-There-were-17-ongoing-projects.

The-IPO-consisted-of-two-parts,-i.e.,-offer-for-sale-(OFS)-of-57-lakh-equity-shares-by-existing-share-holders-(private-equity-investors)-and-fresh-issue-of-equity-shares-aggregating-upto-₹-35-crore.-The-OFS-of-up-to-57-lakh-equity-shares-comprises-up-to-13,90,322-equity-shares-by-Leeds-(Mauritius);-up-to-20,85,502-equity-shares-by-Tonbridge-(Mauritius);-up-to-7,69,917-equity-shares-by-Cambridge-(Mauritius);-and-up-to-14,54,259-equity-shares-by-Guildford-(Mauritius).

The-company-proposed-to-utilize-the-net-proceeds-(from-fresh-issue-of-equity)-towards-reduction-of-the-consolidated-borrowings-of-the-company-by-infusing-debt-in-its-subsidiary-AG-Enviro-Infra-Projects-for-repayment-and-prepayment-of-portion-of-their-outstanding-indebtedness-to-the-extent-of-₹-30-crore-and-general-corporate-purposes.

Antony-Waste-Handling-Cell-reported-net-profit-of-₹-27.78-crore-and-net-sales-of-₹-218.62-crore-in-the-six-months-ended-September-2019.-

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