Antony Waste Handling Cell's initial public offering was subscribed 1.98 times on the first day of subscription on Monday.
The company will sell an additional 169 million new shares should a so-called greenshoe option be exercised in full, the filing said
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
The company closed the financial year with a revenue of around Rs 2,500 crore and the valuation of Grofers is estimated to be close to Rs 6,000 crore.
The company said the issue was subscribed by both domestic as well as foreign investors
Build India Capital Advisors, Canara Bank, Indian Farmers Fertiliser Cooperative, Investcorp Private Equity Fund I are among the selling shareholders
This IPO is mainly to meet the regulatory requirement. RBI had asked the Bank to list on the bourses by September but this was delayed due to procedural issues
Systematix Corporate Services is the sole book running lead manager to the IPO