Investor Education
Antony Waste Handling Cell IPO: Purpose Financial Performance, Valuation, IPO De
ANTONY WASTE HANDLING CELL IPO
Antony Waste Handling Cell, incorporated in 2001, is among India's top 5 players in the municipal solid waste management industry. It offers services related to solid waste collection, transportation, processing, and disposal services. Antony waste handling is one of the key players in landfill construction and its management sector. It is also involved in the emerging waste management area which is MSW based Waste to Energy(WTE) unit. The company has completed 25 projects till January 2020, for different municipalities and private companies. The company mainly takes projects in the areas of MSW processing, MSW C&T, and mechanized sweeping projects.
Some major projects currently undertaken by the company include projects from Municipal Corporation of Greater Mumbai, Navi Mumbai Municipal Corporation, North Delhi Municipal Corporation, and Greater Noida Industrial Development Authority. Previously, it has worked on projects for Amritsar Municipal Corporation, Jaipur Municipal Corporation, Municipal Corporation of Gurgaon, and many more.
Promoters of the company are Mr. Jose Jacob Kallarakal, Mr. Shiju Jacob Kallarakal, and Mr. Shiju Antony Kallarakkal
Strengths of the company:
- Antony waste handling is a leading Municipal Solid Waste(MSW) management service provider in India.
- Company has well maintained and modern vehicles.
- It has experience in managing more than 25 MSW projects of big corporations.
Purpose of the IPO:
- To meet the general company operations and for corporate purposes.
- To reduce the consolidated outstanding borrowings of the company.
- For the expansion of the company operations and increase the capability to manage more projects.
Financial Performance of the company:
| 6 month period ended 30th September 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Total Revenue | 2,151.01 | 4,646.11 | 2,985.18 | 2,907.78 |
| Total Expenses | 1,851.97 | 3,794.38 | 2,508.38 | 2,419.91 |
| Profit after tax | 290.50 | 620.76 | 346.82 | 398.84 |
| Total Assets | 7,075.67 | 6,721.03 | 5,126.38 | 4,280.70 |
*All the values are in millions and as per RHP.
Valuations of the company:
| 6 Month period ended 30th September, 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Basic Earnings per Share (EPS) | 7.68 | 27.28 | 20.38 | 22.49 |
| Diluted Earnings per Share (EPS) | 7.68 | 27.28 | 12.46 | 13.45 |
| Return on Net Worth (%) | 8.54% | 20.09% | 18.24% | 24.48% |
| Net Assets Value per Equity Share | 89.87 | 136.81 | 111.74 | 91.86 |
*as per RHP
IPO details:
| Face Value | ₹5 Per Equity Share |
| Market Lot | 47 Shares |
| Minimum Order Quantity | 47 Shares |
| Price Band | ₹313 - ₹315 Per Equity Share |
| Issue type | Book Built Issue IPO |
| Issue Size | ₹ 300 Crores |
| Fresh Issue | ₹ 85 Crores |
| Offer for Sale | ₹ 215 Crores |
| Listing | BSE, NSE |
Important IPO dates:
| Open Date | 21st December 2020 |
| Close Date | 23rd December 2020 |
| Allotment Date | 29th December 2020 |
| Refunds | 30th December 2020 |
| Credit of shares to Demat account | 31st December 2020 |
| Listing Date | 1st January 2021 |
Allocation Quota:
| Category | Portion |
| Qualified Institutional Buyers (QIBs) | Up to 50% |
| Non- Institutional Buyers (NIIs) | 35% |
| Retail Investors | At least 15% |