Antony Waste Handling Cell Limited (the "Company"), the 2nd largest player in the Indian MSW management industry which is estimated at INR 500 billion For FY2020 with an established track record of more than 19 years, allotted 2,857,003 equity shares to 10 anchor investors and raised Rs 89.99 crore ahead of the company's proposed IPO at an upper price band of Rs 315 per equity shares.
The anchor allocation is as follows:
Massachusetts Institute of Technology - 44.44%
SBI Equity Savings Fund - 13.30%
SBI Infrastructure Fund - 11.11%
238 Plan Associates LLC - 11.11%
Tata AIG General Insurance Company Limited - 5.56%
SBI Select Equities Fund - 5.56%
SBI Debt Hybrid Fund - 4.48%
SBI Long Term Advantage Fund Series III - 2.00%
SBI Long Term Advantage Fund Series I - 1.23%
SBI Long Term Advantage Fund Series II - 1.23%
The Issue comprises of an initial public offering ("IPO") of equity shares of face value of Rs. 5 each (the "Equity Shares") for cash at a Price Band from Rs. 313 per Equity Share to Rs. 315 per Equity Share consisting of a fresh issue of Equity Shares aggregating up to Rs. 850 million and an Offer for Sale of up to 6,824,933 Equity Shares comprising up to 1,390,330 Equity Shares by Leeds (Mauritius) Limited; up to 2,085,510 Equity Shares by Tonbridge (Mauritius) Limited; up to 1,158,667 Equity Shares by Cambridge (Mauritius) Limited; and up to 1,158,667 Equity Shares by Guildford (Mauritius) Limited.
The Bid/Offer will close on December 23, 2020. Bids can be made for a minimum lot of 47 Equity Shares and in multiples of 47 Equity Shares thereafter.
The Equity Shares are proposed to be listed on the BSE and NSE.
Equirus Capital Private Limited and IIFL Securities Limited are the Book Running Lead Managers ("BRLMs") to the Issue.