Antony West Handling’s IPO to open on December 21, know the issues of the issue

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new Delhi: The IPO of Antony West Handling Sale will open for subscription on 21 December (Monday). Investments can be made in this issue till 23 December (Wednesday). The company manages solid waste.

The company wants to raise up to Rs 300 crore from its issue. It will issue fresh shares worth Rs 85 crore in this issue, while the existing shareholders will offer 68,24 lakh shares from their stake for sale under Offer for Sale (OFS).

The price band of Rs 313-315 has been kept in this issue. The company has placed a lot of 47 shares for the issue. Investors can bid for more shares in multiples of 47. In this way, the price of a lot becomes 14,805 rupees. A retail investor can bid for a maximum of 13 lots or 611 shares.

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In the gray market, the company’s shares are trading at a premium of Rs 50. Due to tremendous enthusiasm in the primary market, there is a tremendous premium going on the shares of companies in the unauthorized market. The company will use the proceeds from this issue for working capital and general corporate needs.

A 50 per cent stake in the issue is held for qualified institutional buyers (QIBs). The 15 per cent stake is reserved for rich investors and 35 per cent for retail investors.

The shares of the company will be listed on both BSE and NSE exchanges. The shares of the company will be managed by Equarius Capital and IIFL Securities. Linkin Time will manage the issue.

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The company had launched an IPO of Rs 200 crore in March this year. But, due to poor market conditions, he withdrew it. The company once again filed an IPO petition with SEBI in September. Then on 13 November 2020 he was allowed to present the issue.

Antony Waste Handling performs the collection, processing, transportation and management of solid waste. The company works with municipalities in many cities of the country, including Navi Mumbai, Thane, Pimpri Chinchwad, Mangaluru, Noida and Greater Noida.

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