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Antony Waste Handling Cell IPO subscribed 1.98 times on the first day

Antony Waste Handling Cell has priced its IPO between Rs 313 and Rs 315 per share. The IPO consists of a fresh issue of Rs 85 crore and an offer for sale of up to 6.8 million shares

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The company is one of the top five players in the Indian municipal solid waste (MSW) management industry.

Sundar Sethuraman Thiruvananthapuram
The initial public offering (IPO) of Antony Waste Handling Cell was subscribed by 1.98x on Monday, the first day of the issue. 

The institutional investor portion was subscribed 0.63x, the wealthy investor portion was subscribed 0.08x, and the retail investor portion was subscribed 3.56x.

On Saturday, the company allotted shares worth Rs 90 crore to 10 anchor investors.

Antony Waste Handling Cell has priced its IPO between Rs 313 and Rs 315 per share.  The IPO consists of a fresh issue of Rs 85 crore and an offer for sale (OFS) of up to 6.8 million shares. At the upper end of the

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First Published: Dec 21 2020 | 11:34 PM IST

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