The shares of Antony Waste Dealing with Cell will get listed on BSE and Nationwide Inventory Alternate on Friday.
The corporate’s preliminary public supply (IPO) was subscribed 15 occasions on the final day of subscription on December 23. With its IPO getting oversubscribed in a number of hours of opening on December 21, the corporate joined the likes of Burger King India and Mrs Bectors Meals Specialities whose affords have been additionally oversubscribed inside a number of hours of opening.
Antony Waste Dealing with Cell is a number one participant in strong waste administration providers within the nation.
The Rs 300-crore IPO acquired bids for 10,02,71,821 shares in opposition to its supply measurement of 66,66,342 shares, as per NSE information.
The portion for certified institutional patrons (QIBs) was subscribed 9.67 occasions, non institutional buyers 18.69 occasions and retail particular person buyers (RIIs) 16.55 occasions.
The preliminary public supply was of a contemporary difficulty of Rs 85 crore and a suggestion on the market of 68,24,933 shares. Worth vary for the supply was at Rs 313-315 per share. Equirus Capital Personal Restricted and IIFL Securities Restricted have been the managers to the supply.
The proceeds of the contemporary difficulty shall be utilised for part-financing waste-to-energy undertaking at Pimpri Chinchwad, Maharashtra, by way of funding in subsidiaries, discount of consolidated borrowings of the corporate and common company function.