Initial Public Offering of Antony Waste Handling Cell Limited
About the Company
Incorporated in 2001, Antony Waste Handling Cell Limited is one of the leaders in India’s Municipal Solid Waste Management (MSW) industry. The business is offering a full spectrum of MSW services i.e. solid waste collection, processing, transportation, and its disposal across the country. It also plays a leading position in the landfill construction and management sector.
The company’s key business operations include MSW C&T, MSW processing, and Mechanized sweeping project. As of August 31, 2020, Antony Waste has 17 MSW C&T, 2 MSW processing, and 4 mechanized sweeping ongoing projects. The company is undertaking many projects of Navi Mumbai Municipal Corporation (NMMC), Thane Municipal Corporation (TMC), Pimpri Chinchwad Municipal Corporation (PCMC), Mangalore Municipal Corporation (MMC), New Okhla Industrial Development Authority (NOIDA), and Greater Noida Industrial Development Authority (GNIDA). It has a waste processing plant at the Kanjurmarg site.
Key Business Activities
- MSW C&T Project: MSW collection from commercial establishments, households, and community bins.
- MSW Processing Project: Sorting and segregating waste from MSW C&T through composting, shredding, recycling, etc.
- Mechanized sweeping Project: Deploying power sweeping machines, maintenance, consumables, safe waste disposal, and others to complete cleaning operations.
Promoters of the Company
- JOSE JACOB KALLARAKAL
- SHIJU JACOB KALLARAKAL
- SHIJU ANTONY KALLARAKKAL
Company Financials
The below is the summarized Financial Details of Company (RESTATED IND AS CONSOLIDATED SUMMARY)
*All values are in ₹ Million
Financial Debt of the company
| Fiscal Year ended | Basic EPS (in I) | Diluted EPS (in ?) | Weight |
| March 31. 2020 | 27.48 | 27.48 | 3 |
| March 31，2019 | 20.38 | 12.46 | 2 |
| March 31.2018 | 22.49 | 13.45 | 1 |
| Weighted Average | 24.28 | 20.14 | |
| Six month period ended September 30, 2020* | 7.68* | 7.68 |
Strengths of the Company
- A leading service provider in MSW management sector with end-to-end capabilities
- Strong track record of project execution
- Diversified business model
- Access to technology backed vehicles and equipment enables us to manage our operations efficiently
- Experienced Promoters and management team with strong domain expertise
Group Companies
- Antony Garages Private Limited
- Antony Motors Private Limited
- KL Crescent Infrastructure Private Limited
- Antony Commercial Vehicles Private Limited.
IPO Details
| Issue Type | Book Building Issue IPO |
| Face Value | ₹ 5 per equity share |
| IPO Price | ₹313 – ₹315 |
| Market Lot | 47 shares |
| Minimum Quantity | 47 shares |
| Issue Size | 9,523,345 |
| Fresh Issue | 2,698,412 |
| Offer for Sale | 6,824,933 |
Time line of IPO Process
| IPO Subscription Open date | 21-Dec-20 |
| IPO Subscription Close date | 23-Dec-20 |
| Basis of Allotment finalization date | 29-Dec-20 |
| Issue of refunds and Allotment status link activation date | 30-Dec-20 |
| Crediting of shares to Demat account | 31-Dec-20 |
| IPO Listing on Stock Exchanges( 10 Am) | 1-Jan-21 |
Basis for Issue Price
| Fiscal Year ended | Basic EPS (in I) | Diluted EPS (in ?) | Weight |
| March 31. 2020 | 27.48 | 27.48 | 3 |
| March 31，2019 | 20.38 | 12.46 | 2 |
| March 31.2018 | 22.49 | 13.45 | 1 |
| Weighted Average | 24.28 | 20.14 | |
| Six month period ended September 30, 2020* | 7.68* | 7.68 |
Comparison with Industry Peers
| Name of Company | Revenue from operations and Other income for financial year 2020 | Face value per equity share. | Closing price on November 27 2020 | P/E | EPS (Basic) | EPS (Diluted) | RONW % | NAV Per Share |
| Antony Waste Handling Cell Limited | ||||||||
| Peer Group | ||||||||
Current Projects
Book Running Lead Managers
- Equirus Capital Private Limited
- IIFL Securities Limited
- Link Intime India Private Limited
