• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Sunday, March 26, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Antony Waste Handling Cell makes strong Dalal Street debut; shares zoom 36% over IPO price

by The Outlooker Web Desk
January 1, 2021
in Business
0
Sensex, Nifty up 15% year-to-date; will indices extend gains in last trading session of 2020?
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Shares of Antony waste handling cell were listed today after being subscribed 15.04 times last moth.

Antony Waste Handling Cell made its stock market debut today at Rs 430 per share, up 36.5% from its issue price of Rs 315. Minutes after listing, shares of Antony Waste added to gains and were trading at Rs 489 apiece. Antony Waste’s IPO was the last of the 15 issues that we witnessed in 2020. This was the second attempt made by the firm to get listed on the bourses. The earlier attempt at the beginning of 2020 had to be foiled owing to the sharp sell-off equity markets were witnessing in March. The market capitalization of Antony Waste Handling Cell on listing was over Rs 1,200 crore

Check live price: Antony Waste

The Rs 300-crore issue of Antony Waste Handling Cell includes a fresh issue of Rs 85 crore and an Offer For Sale (OFS) of the remaining portion. Of the total issue size, the firm will only receive the proceeds from the fresh issue which it plans to use to part- finance its waste-to-energy (WTE) project for the Pimpri Chinchwad Municipal Corporation (PCMC). The firm is a key player in the solid waste management business. Post the issue, promoter group’s shareholding has been reduced to 46.32% from 51.10% earlier. Public shareholding in the firm has increased to 53.77% from 48,90% pre-issue.

“Business of Antony is dependent on municipal authorities for a substantial proportion of the revenue, which is a major inherent risk in the business model,” said Keshav Lahoti, Associate Equity Analyst, Angel Broking. “This business involves receivables risk from municipalities, which can lead to financial instability for the company. So considering the risk-reward ratio, we believe there are better options available in the market from a long investment point of view,” he added.

Also Read: Antony Waste Handling Cell shares list today; what should your listing day strategy be?

Financially, the firm has reported a net profit for the last three financial year. In the financial year 2018, the net profit of Antony Waste stood at Rs 39.9 crore, which fell to Rs 34.7 crore in the next fiscal year. In the previous financial year, Antony Waste reported a net profit of 62.1 crore. Antony Waste has a proven track record of solid waste management with end-to-end capabilities in the domain. The firm also has a healthy fleet of vehicles that are technology backed with and equipment that enables it to manage the operations efficiently. 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Congress Leader Manickam Tagore On Rahul Gandhi Skipping Farm Bills Debate

“As A New Year Begins...My Heart With Farmers”: Rahul Gandhi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

After Haryana, Amritpal Singh’s Next Stop Could Be Delhi: Sources
National

India Summons Canada Envoy Over Khalistan Protest At Embassy

March 26, 2023
Leh-Manali Highway Reopens For Traffic In A Record Time Of 138 Days
National

Leh-Manali Highway Reopens For Traffic In A Record Time Of 138 Days

March 25, 2023
Priyanka on questioning of Misa, Tejashwi
Politics

Priyanka on questioning of Misa, Tejashwi

March 25, 2023
Man Skips Barricade, Runs Towards PM Narendra Modi During Karnataka Roadshow
National

Man Skips Barricade, Runs Towards PM Narendra Modi During Karnataka Roadshow

March 25, 2023

Connect with us

No Result
View All Result

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • India Summons Canada Envoy Over Khalistan Protest At Embassy
  • Leh-Manali Highway Reopens For Traffic In A Record Time Of 138 Days
  • Priyanka on questioning of Misa, Tejashwi

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.