Image Source : ANTONY-WASTE.COM Antony Waste Handling Cell shares to get listed on BSE and NSE right now
The shares of Antony Waste Handling Cell will get listed on BSE and National Stock Exchange on Friday.
The firm’s preliminary public provide (IPO) was subscribed 15 instances on the final day of subscription on December 23. With its IPO getting oversubscribed in just a few hours of opening on December 21, the corporate joined the likes of Burger King India and Mrs Bectors Food Specialities whose provides had been additionally oversubscribed inside just a few hours of opening.
Antony Waste Handling Cell is a number one participant in strong waste administration companies within the nation.
The Rs 300-crore IPO obtained bids for 10,02,71,821 shares in opposition to its provide dimension of 66,66,342 shares, as per NSE knowledge.
The portion for certified institutional patrons (QIBs) was subscribed 9.67 instances, non institutional buyers 18.69 instances and retail particular person buyers (RIIs) 16.55 instances.
The preliminary public provide was of a contemporary challenge of Rs 85 crore and a proposal on the market of 68,24,933 shares. Price vary for the provide was at Rs 313-315 per share. Equirus Capital Private Limited and IIFL Securities Limited had been the managers to the provide.
The proceeds of the contemporary challenge will probably be utilised for part-financing waste-to-energy mission at Pimpri Chinchwad, Maharashtra, via funding in subsidiaries, discount of consolidated borrowings of the corporate and normal company goal.
READ MORE: Burger King India IPO subscribed over 156 instances on remaining day of share sale
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