Antony Waste Dealing with Cell has prolonged the closing day for its Rs 200-crore preliminary public providing (IPO) to March 16. The IPO was to shut on Friday, nevertheless, managed to garner solely 50 per cent subscription because of the fall within the secondary market. “We imagine that the distinctive volatility seen in markets has impacted funding selections for traders throughout classes. In gentle of the identical, we have now determined to increase the bidding interval for the difficulty, until March 16. We imagine that the extension will enable present volatility to subside and permit all classes of traders to take part within the difficulty,” stated the corporate in a press release.
Antony Waste IPO includes of Rs 35 crore of contemporary fund elevating and Rs 171 crore of secondary share sale. The worth band for the IPO is Rs 295 to Rs 300 per share. On the IPO value, the corporate is valued at Rs 800 crore. For the yr ended 2018-19, Antony Waste had clocked internet revenue of Rs 34.four crore on revenues of Rs 298.5 crore. Equirus Capital is the funding financial institution dealing with the IPO.