Antony Waste Handling Cell IPO – Schedule *(Tentative)*
09th Dec – Announcement of Price Band
11th Dec – Anchor Investors Allotment
14th Dec – Offer Opens
16th Dec – Offer Closes
21st Dec – Finalisation of Basis of Allotment
22nd Dec – Unblocking of ASBA Accounts
23rd Dec – Credit of Equity Shares to Depository Accounts
24th Dec – Commencement of Trading
Antony Waste Handling Cell IPO – Issue Information *(Tentative)*
Issue Opens on: 14 December 2020
Issue Closes on: 16 December 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,29,57,944 Shares
Face Value: Rs.5/- per Share
Issue Price: Rs.320 – Rs.325 Share *(Tentative)*
Discount: NIL
Market Lot: 45 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 2,55,88,758 Shares
Fresh Issue of Shares 30,30,769 @325/- = Rs.98.50Crs
Offer for Sale of 99,27,175 Shares @325/- = Rs.322.63Crs
Equity Shares outstanding after the Issue = 2,86,19,527 Shares
Category-wise Break up:
Anchor – 38,87,383 Shares = 126.34Crs
QIB – 25,91,589 Shares = 84.23Crs
NII – 19,43,692 Shares = 63.17Crs
RII – 45,35,280 Shares = 147.40Crs (Lot size: 45 = 1,00,784 Forms)
Empl. Quota – ???Shares = ???.??Crs
Total Issue – 1,29,57,944 Shares = 421.13Crs.
Subscription required for 1X
RII = 1,00,784 Forms
NII = 63.17Crs
Antony Waste Handling Cell IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) old RHP = old Red Herring Prospectus Dated February 26, 2020 (400 pages)
2) DRHP = Draft Red Herring Prospectus Dated September 29, 2020 (428 pages)
EPS for FY16-17 >>> Rs.14.93 (Page #74 of old RHP)
EPS for FY17-18 >>> Rs.13.45 (Page #79 of DRHP)
EPS for FY18-19 >>> Rs.12.46 (Page #79 of DRHP)
EPS for FY19-20 >>> Rs.27.48 (Page #79 of DRHP)
RoNW for FY16-17 >>> 35.74% (Page #75 of old DRHP)
RoNW for FY17-18 >>> 24.48% (Page #80 of DRHP)
RoNW for FY18-19 >>> 18.24% (Page #80 of DRHP)
RoNW for FY19-20 >>> 20.09% (Page #80 of DRHP)
NAV as on March 31, 2020 was Rs.136.81 (Page #80 of DRHP)
Listed Industry Peer Group (Page #80 of DRHP): None
Antony Waste Handling Cell IPO – *Market’s Current Estimates of oversubscription*:
NII = 09.00K Crs. = ~142.47X
RII = 25.00L Forms = 9.92X Applic. wise (Avg allotment of ~4.64 shares per lot)
Interest cost *@6.50%p.a.* for 7days = 40.51paise for 1X
Thus, for NII the costing = 142.47 X 40.51paise = Rs.57.72 per share (= GMP)
And, for RII the costing = 4.64 X 257.72 = Rs.268/- (= Kostak)
Antony Waste Handling Cell IPO – *GMP Estimated*
GMP 58 +/- 1
Kostak 270 +/- 5