Shares of Antony Waste Handling Cell Limited listed on the bourses and had a decent day gaining just over 29%. The company had tapped the capital markets with its simultaneous offer consisting of a fresh issue of Rs 85 crs and an offer for sale of 68,24,933 equity shares. The price band was Rs 313-315. Earlier the company had allotted 28,57,003 equity shares to 4 anchor investors comprising of 10 entities. The highest allocation was made to Massachusetts Institute of Technology who was allotted 12,69,564 shares or 44.44% of the anchor book. This was followed by an allocation of 11,11,139 shares or 38.89% to SBI mutual fund under six different schemes.
The issue was subscribed 15.04 times overall with the QIB portion subscribed 9.67 times, HNI portion subscribed 18.69 times and Retail portion subscribed 16.55 times. There were 9.55 lac applications.
The discovered price on BSE was Rs 430 at which price 82,318 shares were traded. On NSE the discovered price was Rs 436.10 at which price, 13,28,108 shares were traded. Immediately on trading commencing, the shares hit the days high of Rs 492.75 on BSE and Rs 489.90 on NSE. As the day progressed the share came under selling pressure and closed towards the days low. The low of the day was below the discovered price at Rs 394.60 on BSE and Rs 395.55 on NSE. The closing price was Rs 407.25 on BSE, a gain of Rs 92.25 or 29.29% while it was Rs 407.35, a gain of Rs 92.35 or 29.32% on NSE.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 430.00 | 492.75 | 394.60 | 407.25 | 92.25 | 29.29 | 446.61 | 2668663 | 507046 | 19.00 |
| NSE | 436.10 | 489.90 | 395.55 | 407.35 | 92.35 | 29.32 | 442.70 | 23063817 | 5032976 | 21.82 |
| Total | 25732480 | 5540022 | 21.53 |
The traded volume was 257.32 lac shares which was 2.70 times the IPO size of 95.23 lac shares. It was 3.86 times the non-anchor portion of 66.67 lac shares. The weighted average of the day’s trade was Rs 446.41 on BSE and Rs 442.70 on NSE. The delivery volume was 55.40 lac shares which was 21.53% of the day’s trade. It was 58.17% of the issue size and 83.10% of the non-anchor portion. In bulk trades only one trade was reported. Edelweiss Finvest Pvt Limited sold 2,51,348 shares at Rs 439.70 on NSE. The lack of names on the buying side indicates that the shares have been bought by weak hands and looking at the pressure that the share witnessed towards the close, there could be more pressure in the coming days.
