Antony Waste Handling Cell got listed on the BSE today morning, the first day of 2021. As seems to have become the norm now, it was a fantastic debut - against the IPO price of Rs.315, it got listed on the BSE at Rs.430 and at Rs.436 on the NSE.
The Rs.300 crore pubic issue was subscribed 15-times with HNIs subscribing 18.69 times, retail investors at 16.55 times and QIBs at 9.67 times.
In our New Issue Analysis, we had said, “Bull markets find takers for anything and everything. But quality at reasonable price is important. Themes such as micro irrigation, water, education, building product retailing etc. have previously caught investors on the wrong foot. While some may view Antony Waste Handling as an ESG play, there are better choices available.”