Antony Waste Handling Cell files DRHP with SEBI

The Offer comprises of fresh issue of upto Rs985mn and an Offer for Sale of upto 9,927,175 equity shares.

Oct 07, 2020 08:10 IST India Infoline News Service

Initial Public Offer, IPO
Antony Waste Handling Cell Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering.

The Offer comprises of fresh issue of upto Rs985mn and an Offer for Sale of upto 9,927,175 equity shares. These equity shares comprises of upto 1,390,330 Equity Shares by Leeds (Mauritius) Limited, upto 2,085,510 Equity Shares by Tonbridge (Mauritius) Limited, upto 2,231,932 Equity Shares by Cambridge (Mauritius) Limited and upto 4,219,403 Equity Shares by Guildford (Mauritius) Limited.

The company said in a press release on Tuesday that Antony Waste Handling Cell Limited is one of the top five players in Indian Municipal Solid Waste (MSW) management industry with an established track record of more than 19 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities.

The Book Running Lead Managers (“BRLMs”) to the Offer are Equirus Capital Private Limited and IIFL Securities Limited. Link Intime India Private Limited is the registrar to the issue.

The Equity Shares are proposed to be listed on the BSE and NSE.

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