InvestorQ : How do you see the listing of Antony Waste Handling on Friday 01-Jan?
Mary Joseph made post

How do you see the listing of Antony Waste Handling on Friday 01-Jan?

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Arusha Ray answered.
5 months ago
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Antony Waste Handling us expected to make a smart debut on the bourses when it lists on Friday 01-Jan. Generally, the benchmark for any IPO is the grey market premium or the GMP, which ranges from 30-35% in the case of Antony. That roughly means a premium of over Rs.100 on the IPO allotment price of Rs.315. Oversubscription was more subdued.

This listing of Antony is not likely to be as impressive as Burger King or Bectors because its biggest clients are the various municipalities and in these cases the payment timelines can be quite sticky. Of course, the grey market is not an official but in the past it has been a fairly good approximation of the listing of the stock.

It may be recollected that the Antony IPO was originally slated in the early part of the year but had to put off due to the pandemic. The issue worth Rs.300 crore had been oversubscribed over 16 times with QIB demand more subdued compared to Bectors or Burger King. Antony is the second largest player in the Indian waste management area.

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