Antony Waste Handling Cell Ltd.
IPO Size
`300 Cr
Price Band
`313-315 Per Share
Minimum Lot Size
47 Share
Face Value
`5 Per Share
Employee Discount
NA
Retail Allocation
35%
Issue Open Date
21 Dec, 20
Issue Close Date
23 Dec 20
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Having an established track record of 19 years, Antony Waste Handling Limited is one of the five top players in MSW management industry. The Antony Waste Handling comes at second position after Ramky Enviro in terms of business. The company claims to be out of three companies in India which caterr collection & transportation, treatment & disposal and landfills in municipal solid waste management (MSW). The company undertakes:
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | 13 | - | - | - | - |
| Material civil cases | - | 924.22 | - | - | - | - |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Procedings | - | - | - | - | - | - |
| Amt. (In Million Rs.) | - | 937.22 | - | - | - | - |
| Income Statement | FY20 | FY19 | FY18 | |
| Gross Operating Income | 4646.11 | 2985.18 | 2907.78 | |
| Cost of Employee & Inventory | 1539.01 | 981.01 | 1002.08 | |
| Other Expenses | 1710.5 | 1094.12 | 1061.82 | |
| EBITDA | 1396.6 | 910.05 | 843.88 | |
| Depreciation | 242.43 | 183.31 | 127.08 | |
| Interest | 302.44 | 249.94 | 228.93 | |
| Profit Before Tax | 851.73 | 476.8 | 487.87 | |
| Exceptional Items | 32.17 | - | - | |
| Tax | 198.8 | 129.98 | 89.03 | |
| Profit After Tax | 620.76 | 346.82 | 398.84 | |
The promoters of the company are Jose Jacob Kallarakal, Shiju Jacob Kallarakal, and Shiju Antony Kallarakkal.
The inculcation of clean environment vision in the ongoing policies of the Indian administration seems lucrative for waste management companies. Considering the global overview, the total waste generation levels have been increased to 30.9 billion tons from 28.5 billion tons in FY2017. On the domestic front, the efficiency in waste management is much poor in comparison with western countries. However, the waste management companies are improving their learning curve and rising culture of industrial production in India is expected to put waste management companies in a sweet spot. The major factors which will keep generating revenues for waste management companies are changing patterns of people towards shift from open dumping, electric vehicle manufacturing, digital transformation of bins. China’s ban on import of foreign waste will also bring new business on table for Indian waste management companies. There is no listed peer of Antony Waste Handling Ltd. while in the unlisted space, the company will face competition from Ramky Enviro, Jindal Urban Infrastructure, Solapur Bio-Energy Systems and Elephant Energy.
Offer for Sale: The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 6,824,933 Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 6,824,933 Equity Shares of ₹5 aggregating up to ₹215 Cr at an upper price band.
Fresh Issue: The company has planned to raise fresh capital comprising an aggregate of 2,698,412 shares having ₹5 aggregating up to Rs. 85 Cr at the upper price band of Rs. 315. An amount of Rs. 40 cr. from net proceeds will be utilized for financing PCMC WTE Project through investment in their Subsidiaries; AG Enviro and ALESPL. The company is looking to reduce their consolidated borrowings amounting Rs. 35 cr. by infusing debt in their Subsidiary -AG Enviro. Residual will be utilized for general corporate purposes.