New Delhi: These days investors are making bumper earnings through IPO … If you have missed this earnings then you are getting another opportunity to earn bumpers. Antony Waste Handling Cell IPO has opened on Monday, through which you can earn big profits. The company has set a target of raising Rs 300 crore through an IPO. You can invest in this IPO from December 21 to December 23.
What is the price band of IPO
Let me tell you that the price band for the IPO of Antony West Handling Sale has been kept at Rs 313-315. The company had earlier planned to launch an IPO in March, but due to the disease spreading across the country, the company had pushed the plan to launch an IPO.
85 crore fresh shares will be released
Let us tell you that the company will issue fresh shares worth Rs 85 crore for this IPO. Apart from this, the company will offer 68,24,933 equity shares to existing promoters and private shareholders. In this IPO, 50% shares have been reserved for Institutional Investors. At the same time, 35% shares have been reserved for retail and 15% shares are reserved for non-institutional investors. Mrs Bectors IPO: Should Mr Bakers IPO Invest Money? Know important things before investing
What is the company’s plan behind bringing IPO
Let us tell you that through the amount received from this IPO, the company will use about Rs 40 crore to fund its PCMC WTE Project. In addition, 38.5 crore rupees will be used to pay the debt.
Know about the company before investing-
Antony Waste Handling Cell Limited (AWHCL) is among the top 5 companies in India managing solid waste.
The company has taken 25 projects in its hands in the last 20 years, of which work on 18 is still going on.
The company provides all the services of Solid Waste Management, including the process of converting it from waste collection to its transportation and processing, as well as waste-to-energy.
This company operates the Kanjummarg landfill in Maharashtra, which is one of the largest single location waste processing plants in Asia.
Antony Waste Handling Cell Limited (AWHCL) has registered a revenue CAGR of 27.73% between the year 2018 and 2020 and its EBITDA CAGR stands at 28.65%.
The company has entrusted the management of the issue to Equirus Capital and IIFL Securities. The shares of Antony Waste Handling Sale will be listed on both the BSE and the NSE.