The last IPO of 2020 that made a market debut on January 1, 2021, traded 29 percent higher on its listing date. Anthony Waste Cell’s initial public offering was the last of 2020, was opened for subscription from December 21-23.
Antony Waste Handling Cell, the second-largest solid waste management company in the country, hit the IPO route to raise Rs 300 crores from the market. The offer received a bid for 9.91 crores equities against offer size of 66.66 lakh shares. Quota reserved for qualified institutional buyers, retail investors, and non-institutional investors all were oversubscribed, according to data available in the exchange. The firm also raised Rs 90 crores in a pre-IPO preferential allocation route to anchor investors. It sold 2,857,003 equity shares at Rs 315 apiece and raised Rs 89.99 cores in anchor investment.
Antony Waste Handling Cell shares made a debut in the bourses at 38 percent premium and closed 29 percent higher after the first day of trading.
Antony Waste Handling Cell Share’s Journey On Debut
- The company made a debut in the bourses at 38 percent premium and closed 55 percent higher after first day’s trading
- The public issue, including fresh issues of Rs 85 crores and offer for share equities worth Rs 215 crores, was oversubscribed 15.04 times. Portions reserved for QIB investors, retail investors, and non-institutional investors were subscribed 9.67, 16.54, and 18.68 times respectively
- The shares made a debut at Rs 436.10 at NSE and further rose to Rs 489.90, closing 55.2 percent higher than the issue price of Rs 315
- In BSE it opened at Rs 430, 36.50 percent premium than its issue price. During intraday, the shares gained further 56.42 percent to close at Rs 492.75
- Respectively 2.30 crore shares and 26.68 lakh shares changed hands on the first day in NSE and BSE
- The issue received a decent response from investors, was oversubscribed 14.87 times on the last day of the three days subscription window
The year 2020 had seen several stellar debuts from different companies in the IPO segment. Despite it being a pandemic hit year, around sixteen companies raised more than Rs 30,000 crores in IPO, higher than the amount the same number of companies raised in 2019. Experts are hopeful that the robust trend will continue in 2021, with 30 companies planning to raise more than Rs 30,000 crores in IPO in FY21.
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