Antony Waste Handling IPO
The foothold in the solid waste management industry can be traced back to the incorporation of Antony Waste handling Company in 2001.
Starting with a simple business of collection and transportation of waste, they have come a long way in the field of solid waste management with adoption of latest technologies and innovations thereby transforming this business itself into a complex operation system with the use of technologies in garbage compaction, processing, use of transfer stations, management of sanitary engineered landfills.
Business of the Antony Waste Handling:
a) MSW collection and transportation (currently having 11 projects):
MSW C&T projects involve door to door collection of MSW from households, slums, commercial establishments and other bulk-waste generators (community bins) from a designated area through primary collection vehicles like compactors, dumper placers and tippers and transportation of these materials, to the processing facility, transfer station or a landfill disposal site.
b) Sweeping of city (currently having 4 projects):
Mechanized sweeping projects involve deploying of power sweeping machines, manpower, comprehensive maintenance, consumables, safe disposal of the waste and any other items required for completion of the cleaning operation of the designated areas.
c) Waste to Energy (currently 2 having projects):
MSW processing projects involve sorting and segregating the waste received from MSW C&T, followed by composting, recycling, shredding, and compressing into RDF.
The major contracts relate to cleaning, sweeping, collection, transfer, disposal, aggregation, and treatment of waste awarded by regional government authorities and agencies like Municipal Corporation of Greater Mumbai, Navi Mumbai Municipal Corporation, Thane Municipal Corporation, New Okhla Industrial Development Authority, Nagpur Municipal Corporation, Varanasi Municipal Corporation, and Pimpri Chinchwad Municipal Corporation.
Highlights of Business:
(i) One of the top five players in the Indian MSW management industry with an established track record of 17 years.
(ii) It provides MSW services which include solid waste collection, transportation, processing, and disposal services across the country, primarily catering to Indian municipalities.
(iii) They are among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management.
(iv) They are currently undertaking projects for;
1. Municipal Corporation of Greater Mumbai (“MCGM”),
2. Navi Mumbai Municipal Corporation (“NMMC”),
3. Thane Municipal Corporation (“TMC”),
4. North Delhi Municipal Corporation (“NDMC”),
5. Ulhasnagar Municipal Corporation (“UMC”),
6. Mangalore Municipal Corporation (“MMC”) and
7. Greater Noida Industrial Development Authority (“GNIDA”).
Market Size or Opportunity available
Urbanization is a critical factor driving the MSW generation in the country. Changing lifestyle patterns, increasing disposable incomes, have paved the way for consumerism and, have also contributed to waste generation in urban India.
MSW generation is expected to grow at a CAGR of 5% (Fiscals 2018-23) from 55 Million TPA in Fiscal 2018 to reach 70 Million TPA by Fiscal 2023. The MSW Management market is estimated at INR 3000 Cr for Fiscal 2018 and is expected 106 to reach 6200 Cr by Fiscal 2023 at a CAGR of 15.6%.
Increasing participation of professional players in the collection and transportation services and development of scientific recycling and disposal methods for management of MSW is expected to be a key driver for the market.
(Source: Frost & Sullivan Report).
Objects of the Antony Waste Handling IPO:
Antony Waste Handling IPO Details:
| Open Date: | Dec 21 2020 |
| Close Date: | Dec 23 2020 |
| Total Shares: | 9428107 |
| Face Value: | ₹ 5 Per Equity Share |
| Issue Type: | Book Buildling |
| Issue Size: | 300 Cr. |
| Lot Size: | 47 Shares |
| Issue Price: | ₹ 311-315 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Jan 01 2021 |
Promoters And Management:
Financials of Antony Waste Handling IPO:
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS | NW | RONW |
| 2016 | 239 | 74 | 31% | 26 | 11% | 1.4302 | 5 | 18 | 172 | 15% |
| 2017 | 288 | 78 | 27% | 38 | 13% | 1.4302 | 5 | 27 | 131 | 30% |
| 2018 | 289 | 84 | 29% | 38 | 15% | 1.4302 | 5 | 29 | 185 | 21% |
| 2019 | 298 | 89 | 30% | 31 | 11% | 1.4302 | 5 | 21 | 235 | 13% |
| 2020 | 464 | 141 | 31% | 62 | 13.30% | 2.5588 | 5 | 25 | 286 | 21% |
| 6MFY21 | 215 | 61 | 28% | 29 | 13.40% | 2.5588 | 5 | 22 | 315 | 18% |
Comparison With Peers:
Recommendation on Antony Waste Handling IPO:
Lead Manager of Antony Waste Handling IPO:
Registrar of Antony Waste Handling IPO:
Discussion on Antony Waste Handling IPO:
65 Comments
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Hello UMESH sir ,
I bought 100 shares of this share at the price of 423 and now the price falls to 358-370 , what should i fo now?
Wish you good luck for Antony Listing.
Strategy 1
If the listing happens between 425-450 Then sell 50% at this level and hold rest 50% with stop loss of 400 to a target of 500. And sell remaining at 500.
Strategy 2
If listing happens below 375-400, it is better to book profit and exit.
It is not a portfolio stock like Route, Gland Pharma, CAMS etc which you can hold.
Again wishing you good luck and prosperous year.
Umesh Sir
Please note that i got allotment of 47 shares But I Didn’t sell today due to some issues
Could you tell me what is price expected next week and at what price to exit
My plan is to sell 27 shares but at price do u suggest to exit
I will keep 20 for long term
Kindly advise, please.
Book profit and exit at 400.
Thank u for ur comment Sir
Will sell 37 shares @ 400 or market rate on Monday and recover capital
Balance 10 will keep for long term
Bhai 10 shares would only mean capital of 4000
Even if that doubles in 2-3 years which is very unlikely
U still will profit rs 4000
Not much
Sell it all bro
No point in keeping just 10 shares
Make a sizeable bet on shares that you think wi give h good profit
Portfolio should contain small no of companies of sizeable bet(a good amount as per your risk taking ability) rather than more companies with small bet
Thanks for the advise
Thanks Umesh sir.
Current gmp of Anthony ipo ?
@Umesh paliwal sir and Eagleye sir
115 per share.
Plz add my number 9930203051.
My name is Sanjay Jain.
Mumbai.
@Eagleye.
https://linkintime.co.in/MIPO/Ipoallotment.html
*Indian Railway Finance Corporation IPO*
*Market?s Current Estimates of oversubscription*:
NII = 51.00K Crs. = ~73.38X
RII = 27.00L Forms = 2.49X Applic. wise (Avg allotment of ~231.40 shares per lot)
Interest cost *@6.00%p.a.* for 7days = 2.99paise for 1X
Thus, for NII the costing = 73.38 X 2.99paise = Rs.2.20 per share (= GMP)
And, for RII the costing = 231.40 X 2.20 = Rs.508/- (= Kostak)
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Antony Waste Handling Cell IPO
GMP 125 +/- 1
Kostak 425 +/- 10
Subject to 5,000
Counter is dry
No Volumes
Only Bhav
💠💠💠💠💠💠💠
❇❇❇❇❇❇❇❇
Antony Waste Handling Cell IPO
Last Traded
GMP 175 +/- 1
Kostak 600 +/- 10
Subject to 7000
❇❇❇❇❇❇❇❇❇
Indian Railway Finance Corporation IPO
GMP 1.70 +/- 0.25
Kostak 400 +/- 10
how we get new listed compaNY EQUITY. EXAMPLE bector food antany waste burgerking etc
GMP of Antony 97 buyer
Allotment date ???
GMP is 50 now.
Where can we check current GMP
Current GMP is 24.
*Broker’s and NFBCs feedback after 2nd Day of Antony IPO*
1. It is noticed that lot of HNI clients didnt pay margin money for funding.
2. Those HNIs who sold in Grey market are also not applying and covering shares at lower levels.
3. Margin money can now be increased by NBFCs.
4. No rush seen reasons – a. loss in Bectors. b. Low GMP in Anthony
Thanks MW sir.
Should we apply Anthony ipo ? @ MW sir
The market is getting very volatile now. And I don’t prefer applying in average businesses during such times. better to skip.
92 (+/-2) .. Antony
145 (+/-1) .. Mrs Bectors
Ant 76-80 only seller
GMP of Antony has crashed.
Gmp 85
Should we apply
Gmp 195
GMP is 175.
Antony Waste IPO GMP as on 19 Dec 2020
According to Chanakyapanthi 148
& as per ipowatch 57
What a shorp Defference?
Seems very volatile and operater driven/very high risk stock.
Antony is basically a Kachra company. Payment issues from government organisations. Not a good anchor.
The only thing working in favour of Antony is bull market.
So apply and enjoy guys.
Risk in the business?
Out of the current 18 projects, 17 projects are awarded by municipal corporations. So, they are highly dependent on Govt projects. And Many Municipalities have been struggling to fund various solid waste management projects from their own revenue receipts and are highly dependent on state/central grants/budget allocation.
Gmp 80 rs
Price band mentioned is tentative
The IPO most probably will come in Jan.
Did this IPO closed or WITHDRAWN?
The date has been extended.
Any support for this IPO?
Nopes.. Avoid this IPO
Oh okay
The date has been extended till 16th March 2020. Investors who have invested in SBI Card IPO, till that time the money will be released for non-allottees.
Mhm interesting, but still this IPO worth the extension?
@MarketWizard, What’s your view on this IPO ? Should go for it ?
Avoid this IPO.
Anchor Allocation
https://d2un9pqbzgw43g.cloudfront.net/main/AWHCL-BSE-Anchor-Allocation-Intimation.pdf
SM AUTO STAMPING SME IPO YET PENDING AT THIS SITE’S IPO DASHBOARD
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It is updated. Please check. It is an avoid.
Is there any grey market activity?
no
Dear Market wizard sir
What is your view for this IPO
Should We Subscribe for listing gain..
Avoid
ANTONY WASTE
OPEN 4 MARCH
CLOSE 6 MARCH
PB 295-300
LOT 50 SHARES
ANTONY WASTE
OPEN 4 MARCH
CLOSE 6 MARCH
PB 295-300
LOT 50 SHARES
Dear Market wizard sir
What is your view for this IPO
Should We Subscribe for listing gain..
I will give my view after reading RHP and the price band.
Business takeaways of Antony.
1. One of the top player in Indian Municipal Solid Waste Management Industry, with 17 years of experience.
2. Do business in three segment.
a) MSW collection and transportation.( Currently having 8 projects)
b) Sweeping of city( currently having 5 projects)
c) Waste to Energy( one project)
They get projects for certain duration, say 2 years, 5 years, 10 years and so on.
3. 65-70% of solid waste management is done by municipal corporation itself. And rest 30-35% done by company like Antony. So in future with Swachh Bharat Abhiyan and Smart city, the private players will take big pie.
4. Till date they have undertaken 25 projects , out of which 14 are currently running, as on 30.11.2018.
5. They have around 515 vehicles to manage MSW, as on 30.11.2018.
6. Problem is many of their projects out of 14 mentioned as on 30.11.2018, are expiring in 2019, 2020.
So need to check rhp, to know their current projects.
Need to verify how many such municipal projects they are 🏃, as on today.
They should have surely finished this earlier…with the dates clashing with sbi cards ipo this might even not get fully subscribed…
What’s your views?
Yes I think the same
Prima facie company is looking good.
Brief note of Antony Waste Handling:
https://d2un9pqbzgw43g.cloudfront.net/main/Antony-Brief-Note.pdf.pdf