Antony Waste seen as good ESG play: Should you bid for the IPO?
The company’s auditors have raised qualified opinion on the dues from municipal corporations, which the company believes are recoverable.
Synopsis
At a higher price band, the asking P/E multiple works out to be 13 times of FY20 earnings
ET Intelligence Group: There are few initial public offers (IPO) of small cap companies that promise robust growth and dominance in a niche segment. These companies are typically attractive to institutional investors seeking to fulfil their Environment Social Governance (ESG) investment mandate. But retail investors should adopt a calibrated approach in investing in niche segment companies and wait for a couple of quarters of financial
BY
ET Bureau
4 mins read, Last Updated:
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