Antony West Share Listing

New Delhi: Antony West Share Listing: Less than 24 hours is left for the listing of shares of Antony West Handling Sale and the company’s stock in the gray market is cooling. The premium of the company’s shares in the gray market has been cleared by 40 per cent, which indicates that the listing of the company’s shares may remain faded.

The shares of Antony West will be listed on the domestic market on January 1. The shares of the company were trading at a premium of Rs 123-125 in the unauthorized market. The issue received a subscription of 15 times, which was quite faded in terms of the recent IPO.

In this issue, retail investors’ share was 16.54 times, qualified institutional investors category got 18.68 times and rich investors category got 9.67 percent subscription. Earlier, in March this year, the company presented an issue of Rs 206 crore, for which the price band was Rs 295-300.

UnlistedZone founder Dinesh Gupta said, “Interest in this company has arisen only because the IPO market has been very attractive. People are investing money only for listings.” Significantly, the company’s first IPO attempt was a failure due to Corona virus.

Another dealer said on the condition of anonymity that there is a lot of volatility in the gray market regarding this stock. He said that initially the price for this share was only Rs 18-20 premium, which later reached Rs 192. He said that the issue is very small and it does not give investment opportunity.

He said, “The number of IPO petitions has been increasing rapidly since the lockdown was implemented. People are increasingly moving towards the IPO market, but they have no specific knowledge of companies, leading to market instability. . “

Brokerage firm Prabhudas Leeladhar advised to subscribe to the issue for listing gains. The brokerage had said that market sentiments are very strong, but in the long run one needs to be careful about this issue.

Antony is Thane’s company. It has been providing solutions for Municipal Waste Management (MSW) for the last 19 years. It provides services for solid water collection, transportation, switching, processing and disposal nationwide.

It is managing the Kanjurmarg landfill site. It is one of the largest single location processing units in Asia. Prabhudas Liladhar has advised to invest in Antony’s IPO for short duration.

In recent times, the IPO market has given bumper listings. On December 24, Mrs. Bector’s shares were listed at a premium of 74 percent, while on December 14, Burger King’s shares were listed at a premium of 92 percent.

Earlier in September and October, Mazagon Dock gave 50 percent, Chemcon Specialty 115 percent, Happist Minds Technologies 11 percent and Route Mobile 103 percent on the occasion of listing.

Antony West Share Listing

Read this too:

Financial & Business News – CapitalBoat
CapitalBoat provides the latest stock market, financial and business news. Get stock market quotes, personal financial advice, corporate news, Startup stories and latest updates on Economy & Politics, Personal Finance on your Whats app.
Get Breaking News Notifications Via Whats app.
Join our whats app newsletter using this invite link. Click on the link to open chat and send message ‘START’ to join us.

Leave a Reply

Your email address will not be published. Required fields are marked *