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 Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.