Antony Waste Handling Cell will open its IPO offer for public subscription on December 21. Earlier, the solid waste management entity launched its Rs. 200 crore IPO in March this year but amid a tepid investor response even after extending the closing date and price band, withdrew the offer later. Leading solid waste management conglomerate,  Antony Waste Handling Cell is set to launch its Rs 300-crore initial public offer (IPO) on Monday, December 21.

 The company has fixed the price band of the issue at Rs 313-315 apiece. The public issue will close on December 23, 2020, for the subscription. Antony Waste Handling Cell’s initial public offer will comprise fresh issue of shares aggregating to Rs 85 crore and an offer-for-sale (OFS) of up to 68.24 lakh equity shares. In the grey market, Antony Waste Handling Cell shares were seen trading at Rs 354 apiece, up 12.4 percent or Rs 39 over the issue price of Rs 315. The company is among India’s top five municipal solid waste management players.

Investors can bid for a minimum of 47 equity shares and in multiples of 47 equity shares thereafter, for Rs 14,805. The offer for sale comprises up to 13.90 lakh equity shares by Leeds (Mauritius), 20.85 lakh equity shares by Tonbridge (Mauritius), 11.58 lakh equity shares by Cambridge (Mauritius) and 21.90 lakh equity shares by Guildford (Mauritius).

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