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Antony Waste IPO: A good long-term bet for risk takers, say analysts

As the sector remains in a nascent stage, analysts see the firm offering decent returns only in the long-term

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Illustration: Ajay Mohanty

4 min read Last Updated : Dec 21 2020 | 10:06 AM IST

Betting on a gush of liquidity and heightened risk appetite, Antony Waste Handling is making a second attempt to go public. The three-day initial public offer (IPO) of the company will open today at a price band of Rs 313-315 per share.

At the upper end of the price band, the solid waste management company expects to raise Rs 300 crore via the IPO. This amount, the company says, will be utilised to finance PCMC WTE Project through investment in subsidiaries; to pay-off company's consolidated borrowings by infusing debt in Subsidiary-AG Enviro; and to meet general corporate purposes.

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