Antony Waste Handling Cell Limited which had tapped the capital markets with its fresh issue and offer for sale has withdrawn its IPO after having extended the same.

The company had tapped the markets with a fresh issue of Rs 35 crs and an offer for sale of 57 lac shares. The issue had opened on Wednesday the 4 th of March and was scheduled to close on Friday the 6 th of March. Due to poor response the price band was changed from Rs 295-300 to Rs 294-300 and the issue extended to close on Monday the 16 th of March 2016.

Earlier the company had allocated 20,65,932 equity shares at the lower end of the price band of Rs 295-300 to three anchor investors. The highest allocation was made to Massachusetts Institute of Technology who was allotted 13,55,950 equity shares or 65.6% of the anchor allocation.

The subscription received was just about half the issue and there was virtually no fresh subscription after the issue was extended.

Details of the subscription are given below: –