Antony Waste Handling Cell Ltd. has announced public offering of 6866667 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 295.00 per share. The gross proceeds of the issue are expected to be Rs 20,600.00 lakhs.\r
\nThe company's initial public offer (IPO) will open on 04 March 2020 and is expected to close on 06 March 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 295.00-300.00 per share.\r
\nThe IPO includes a fresh Issue of 6866667 Equity Shares of the Company at an price of Rs 300.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 50 shares with bids in multiples of 50.\r
\nAntony Waste Handling Cell Ltd. anticipates using the proceeds of the issue for Reduction of the consolidated borrowings of the Company by infusing debt in the Subsidiary AG Enviro Infra Projects Private Limited for repayment / prepayment of portion of their outstanding indebtedness General corporate purposes (collectively, referred to herein as the “Objects).\r
\n as lead manager & Link Intime India Private Limited is the registrar, to the issue.