InvestorQ : How were the final subscription numbers for Antony Waste Handling Ltd?
diksha shah made post

How were the final subscription numbers for Antony Waste Handling Ltd?

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swati Bakhda answered.
7 months ago
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The Antony IPO did see a flurry of activity on the last day of the IPO on 23 December. By close on Wednesday, the IPO of Antony Waste Handling was subscribed 15 times. Like in case of Burger King and Bectors Foods, Antony also saw full subscription in few hours of opening. However, final subscription numbers were not as impressive as QSR players.

If you talk in specific numbers, then Antony received bids for 10.03 crore shares against the offer size of 66.66 lakh shares. It may be recollected that Antony is a waste management company that works closely with municipalities. Through the IPO it will raise Rs.85 crore as fresh issue and the balance Rs.215 will be by way of offer for sale or OFS.

There was robust demand for the IPO across all the 3 segments of investors. QIB portion was subscribed 9.67 times, HNI portion 18.69 times and retail portion 16.55 times. The IPO price band had been fixed at Rs.313-315 and looking at the demand it does look like the pricing will be at the upper end of the band. Antony had placed Rs.90 crore with anchors.
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