J. Sagar Associates (“JSA”) advised Antony Waste Handling Cell Limited (“AWHCL”), Equirus Capital Private Limited and IIFL Securities Limited in relation to the proposed initial public offering of AWHCL. AWHCL has filed a draft red herring prospectus dated September 29, 2020, with the Securities and Exchange Board of India for an initial public offering comprising of a fresh issue of equity shares aggregating up to INR 985 million and an offer for sale of up to 9,927,175 equity shares by certain existing shareholders of AWHCL.
AWHCL is one of the top five players in the Indian municipal solid waste (“MSW”) management industry with an established track record of more than 19 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. AWHCL is among the select few who have pioneered in both MSW collection and transportation sector. AWHCL is among the key players in landfill construction and management sector with in-house expertise for construction and management of landfills in a scientific manner. AWHCL is also present in the emerging waste management areas in India which is MSW based waste-to-energy.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.