The shares of Antony Waste Handling Cell will get listed on BSE and National Stock Exchange on Friday.
The firm’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 Food Specialities whose gives had been additionally oversubscribed inside a number of hours of opening.
Antony Waste Handling Cell is a number one participant in stable waste administration companies within the nation.
The Rs 300-crore IPO acquired bids for 10,02,71,821 shares towards its supply dimension of 66,66,342 shares, as per NSE information.
The portion for certified institutional consumers (QIBs) was subscribed 9.67 occasions, non institutional traders 18.69 occasions and retail particular person traders (RIIs) 16.55 occasions.
The preliminary public supply was of a recent challenge of Rs 85 crore and a suggestion on the market of 68,24,933 shares. Price vary for the supply was at Rs 313-315 per share. Equirus Capital Private Limited and IIFL Securities Limited had been the managers to the supply.
The proceeds of the recent challenge can be utilised for part-financing waste-to-energy venture at Pimpri Chinchwad, Maharashtra, by funding in subsidiaries, discount of consolidated borrowings of the corporate and normal company objective.