MUMBAI: Antony Waste Handling Cell raised Rs 89.99 crore from 10 anchor investors at an upper end of price band at Rs 315 ahead of Monday’s opening of its initial public offering (IPO). Massachusetts Institute of Technology was the top anchor investor, and was allotted 44.44 per cent of the total anchor allotments. SBI Mutual Fund also lapped up shares of the company in six schemes, and accounted for 33.34 per cent of total anchor allotments of the company.
Agencies
The company is all set to hit the market for the second time in 2020. In its first attempt in March, the company had offered its Rs 206 crore issue in the price band of Rs 295-300. But it could not generate enough bids to sail through even after extending the deadline due to volatility in the market and the uncertainty over rising Covid-19 cases.
The company has now come out with a Rs 300 crore issue in the price band of Rs 313- Rs 315 per share. The issue will close on December 23.
Since the withdrawal of Antony Waste’s first issue on March 16, BSE Sensex has rallied 49 per cent, driven largely by a gush of liquidity.
Agencies
