Shares of Antony’s Waste Handling Cell on Friday sparked a market rally, listing with a high price of more than 38 percent against its magazine price of Rs 315.
The stock is listed at Rs 430, a gain of 36.50 percent from the magazine price on the BSE. As the trade progressed, it jumped to a high of Rs 492.75, showing sharp gains of 56.42 percent. At the NSE, it came down at Rs 436.10, up 38.44 percent.
The stock traded at Rs 445.50, up more than 40 per cent with a volume of 13,891,640 shares on the NSE, and on BSE, it traded at Rs 444.10, up 41 per cent with a volume of 1,772,008 shares at 12.30pm.
It hit a high of Rs 492.75 on BSE and Rs 489.90 on the NSE in early trading.
Antony Waste Handling Cell is a leading player in solid waste management services in the country. The market valuation was Rs 1,138 crore on the BSE.
The first public offering of Rs 300-crore of Antony Waste Handling Cell was recorded 15 times last month. The price range for the offer was Rs 313-315 per share. The managers for the bid were Equirus Capital and IIFL Securities.