Antony Waste Handling Cell lists at 36% premium over issue price
Shares of Antony Waste Handling Cell made a decent debut at the bourses on Friday with stock of the solid waste management services company listing at Rs 430, a 36.5 per cent premium against its issue price of Rs 315 per share on the BSE. By 10:07 AM, the stock had hit an intra-day high of Rs 492.75, up 56.4 per cent from the issue price.
At close, the stock erased gains and settled 5 per cent lower than the listing price, at Rs 408 per share. It was, however, still up around 30 per cent compared to the issue price.
In its second attempt to raise funds from the market, Antony Waste increased the IPO size to Rs 300 crore from Rs 200 crore earlier and received bids for 10,02,71,821 shares against its offer size of 66,66,342 shares.
