Know about Antony West’s IPO here, answer your every question

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new Delhi : Antony West Handling’s IPO will open on Monday. The company is going to offer an IPO for the second time. In March this year, the company launched an IPO. However, it was withdrawn due to weak response from investors. The company is raising Rs 300 crore from the IPO. It has a price band of Rs 313–315 per share. Let’s know the basics related to this issue.

What is the business of the company?
Antony West is the second largest company in the municipal solid waste management industry in the country. It is one of the leading companies in the landfill construction and management sector. The company operates one of the largest single location waste processing plants in Asia. It has a capacity to handle 6,500 tonnes of MSW daily. It provides solid waste collection, transportation, processing and disposal services. It mainly services municipalities.

How big is the company?
The company has more than 25 projects. Out of these, 18 projects were in operation in November this year. These include Greater Mumbai Municipal Corporation, Navi Mumbai Municipal Corporation, Thade Municipal Corporation, New Okhla Industrial Development Authority and Greater Noida Industrial Development Authority. The company has 7,391 full-time employees. It has a total of 1,147 vehicles, of which 969 are equipped with GPS technology.

How many shares are reserved for which category?
According to Sebi’s ICDR regulations, 50 percent quota is reserved for qualified institutional buyers (QIBs). Of this, 60 per cent can be allotted to anchor investors. A 15 per cent share is reserved for HNIs (rich investors). There is a 35 per cent reserve for retail investors.

What will the company do with the proceeds from the IPO?
The company will use the proceeds from the IPO to complete the waste-to-energy project in Pimpri Chinchwad. It will invest in its subsidiaries. The company will also use some money to repay its debt. Apart from this, it will also use some money for general business needs.

How is the company’s financial health?
In the fiscal year 2019-20, the company’s profit grew by 78.99 percent to Rs 62.07 crore. The company earned a profit of Rs 43.68 crore in the financial year 2018-19. The total revenue of the company increased by 55.64 percent to Rs 464.61 crore during the last financial year. It earned a revenue of Rs 298.51 crore in the financial year 2018-19. During the last financial year, the company’s EBIDTA grew by 53.46 per cent to Rs 139.66 crore. A year ago, it was Rs 91 crore.

Who are its rival companies?
Antony West has no listed rival company. Unlisted companies include small and large companies. These include Vermigold Ecotech and Ramki Enviro. The company says that the MSW segment has a lot of potential in collection and transportation, compost, refuse-derived fuel, power generation and integrated management services.

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