Investors Ought

Investors Ought To Wait For Antony Waste Holdings IPO

Investors Ought To Wait For Antony Waste Holdings IPO:

According to the business exports analysis, the Antony waste management company services to various municipalities. The company plans to raise Rs 35 cr through this initial public offering. The investors ought to wait for Antony waste holding IPO.

Furthermore, the company has a fresh issue worth of Rs 171 cr from these existing shares. The company may appeal for mandate environmental encourage, social, and ESG to the institutional investors. 

Moreover, after listing the company need to wait for a few quarters for growth. If the company will able to sustain, the financial rapid growth will occur in 1st half of the present financial year. 

Generally, it is a Mumbai based company and it provides MSW services from the past 17 years. The company’s services also extended to the Mumbai, Navi Mumbai, Thane, Nagpur, Noida, and Pimpri-Chinchwad municipalities. 

Also, it provides services such as waste collection, transportation, sweeping, processing, and disposal services. From Jan 1, 2020, Antony waste management takes over above 25 projects and it has 17 existing projects. The company obtained 84.92% of its revenue from its top 5 clients in the first half of FY20. 

Future Prospects:

By FY22, the company will expand its MSW generation to 70 million tonnes per day with 5% of annual growth. From India’s entire waste management market around Rs4,920 cr in this around Rs3,000 cr obtain from the MSW. 

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