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.
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:||Mar 04 2020|
|Close Date:||Mar 16 2020|
|Face Value:||₹ 5 Per Equity Share|
|Issue Type:||Book Buildling|
|Issue Size:||206 Cr.|
|Lot Size:||50 Shares|
|Issue Price:||₹ 295-300 Per Equity Share|
|Listing Date:||Mar 16 2020|
Promoters And Management:
Financials of Antony Waste Handling IPO: