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Antony Waste: Analysts expect stock to list at 31-38% premium to IPO price

Antony Waste is the second-largest player in the domestic municipal solid waste (MSW) management sector with a market share of around 9 per cent as of FY20.

Following the sharp run-up, returns are expected to plateau.
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Antony Waste may invite tepid response from investors and not match up to the stellar listing gains given by Burger King and Mrs Bectors.

Saloni Goel New Delhi
Antony Waste Handling Cell is expected to make a decent debut on the exchanges on Friday, January 1, riding on the underlying bullish sentiment in the market but may fail to match up to the listing euphoria witnessed by some of its predecessors such as Burger King India or Mrs Bectors Food.

Shares of Antony Waste Handling were trading at a grey market premium (GMP) of Rs 100-120, up 31-38 per cent, in the unlisted market over the issue price of Rs 315, according to analysts. The debut, they say, may invite tepid response from investors and may not match

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First Published: Dec 31 2020 | 1:14 PM IST

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