Antony Waste Handling Cell Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹315
Per ShareLot Size
47 Shares
Minimum Investment
₹14,805
Issue Size
₹298.62 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Antony Waste Handling Cell Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE01BK01022
About the Company
Antony Waste Handling Cell Ltd is one of the top five players in the MSW management industry, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian Municipalities. (Source: Frost & Sullivan Report). It primarily undertakes MSW collection and transportation projects, MSW processing projects and mechanized sweeping projects through itself and/or its Subsidiaries. The Company has undertaken more than 25 projects as of November 15, 2020, of which 18 are ongoing.
Industry Overview
Urbanization is a critical factor driving the MSW generation in the country. Changing lifestyle patterns, increasing disposable incomes, have paved way for consumerism, have also contributed to waste generation in urban India. MSW generation is expected to grow at a CAGR of 8.9 % (FY 2020-25) to reach 115 million TPA by FY2025. The MSW Management market is estimated at INR 50,000 million for FY2020 and is expected to reach INR 98,000 million by FY 2025 at a CAGR of 14.4%. Increasing participation of professional players in collection and transportation services and development of scientific recycling and disposal methods for management of MSW is expected to be key driver for the market. (Source: Frost & Sullivan Report)
Growth Strategy
- Capitalize on the growth opportunities in the Municipal Solid Waste management sector by continued focus on bidding for Municipal Solid Waste projects
- Continue with rational selection of projects and strategically expand our geographical footprint
- Moving up the Municipal Solid Waste value chain by diversifying into the emerging waste management areas
- Continue to focus on enhancing operational efficiency
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 9,523,345 equity shares of face value of Rs. 5 each (The "Equity Shares") of Antony Waste Handling Cell Limited (The "Company") for cash at a price of Rs. 315 per equity share (including a securities premium of Rs. 310 per equity share) (The "Issue Price") aggregating to Rs. 299.99 crores (The "Issue") consisting of a fresh issue of 2,698,412 equity shares aggregating to Rs. 85.00 crores by the company ("fresh issue") and an offer for sale of 6,824,933 equity shares aggregating to Rs. 214.99 crores comprising 1,390,330 equity shares by Leeds (Mauritius) Limited aggregating to Rs. 43.80 crores, 2,085,510 equity shares by Tonbridge (Mauritius) Limited aggregating to Rs. 65.69 crores, 1,158,667 equity shares by Cambridge (Mauritius) Limited aggregating to Rs. 36.50 crores and 2,190,426 equity shares by Guildford (Mauritius) Limited aggregating to Rs. 69.00 crores (The "selling shareholders" and such equity shares offered by the selling shareholders, the "offered shares") ("offer for sale"). The Issue constitutes 33.67% of the post-issue paid up equity share capital of the company. The Face value of equity shares is Rs. 5 each. Issue Price : Rs. 315 per equity share of face value of Rs. 5 each. Anchor Investor issue price : Rs. 315 per equity share. The Issue Price is 63.0 times the face value of the Equity Shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- A leading service provider in Municipal Solid Waste management sector with end-to-end capabilities.
- Strong track record of project execution
- De-risked business model with diverse portfolio of projects
- Access to technology backed vehicles and equipment enables us to manage our operations efficiently
- Experienced Promoters and Management Team with Strong Domain Expertise
- Company is dependent on municipal authorities for a substantial proportion of business and revenue. Many Municipalities have been struggling to fund various solid waste management projects from their own revenue receipts and are highly dependent on state/state/central grants/budget allocation. Any decline in the budgetary allocation towards Municipal Solid Waste(MSW) projects will have a material adverse impact on its business, financial condition, and results of operations.
- MSW projects are typically awarded to the company on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Its business and its financial condition may be adversely affected if new MSW projects are not awarded to it.
- Company depends on a limited number of customers for a significant portion of revenue. The loss of any of its major customer due to any adverse development or significant reduction in business from major customer may adversely affect its business, financial condition, results of operations and future prospects.
- Company operate in limited geographies for a significant portion of its revenue. Projects in new geographies may not be as profitable as the current major contracts that the Company has.
- The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact company's business, financial condition, cash flows and results of operations.