wapcos ipo: WAPCOS information DRHP with Sebi for IPO; govt to promote 3.25 crore shares

New Delhi: State-run enterprise WAPCOS filed a draft purple herring prospectus (DRHP) to launch an preliminary public providing (IPO) with the capital markets regulator Sebi.

WAPCOS is a wholly-owned public sector enterprise engaged in engineering consultancy and building below the management of the Ministry of Jal Shakti, Authorities of India.

It supplies engineering consultancy companies and building companies within the area of water, energy and infrastructure for companies and communities in India and abroad.

The problem is fully a suggestion on the market by the federal government of India of as much as 3.25 crore fairness shares with a face worth of Rs 10 every, in accordance with DRHP.

In FY22, it was positioned first among the many prime ten worldwide consultancy corporations within the water and different city infrastructure sectors, in accordance with an Asian Improvement Financial institution report, its DRHP talked about.

Prior to now 5 many years, WAPCOS and its subsidiaries have supplied engineering consultancy companies for initiatives in water, energy, and infrastructure sectors inside India and abroad, notably in South Asia and throughout Africa.

WAPCOS has ongoing initiatives in 30 international locations and has been related to over 455 abroad initiatives, each accomplished and ongoing.

It was positioned third among the many prime 5 Indian firms for consulting companies between 2017 and 2021. A few of its listed friends within the section are

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For FY 2021-22, the corporate reported an 11 per cent rise within the earnings from operations to Rs 2,797.99 crore, which was Rs 2,512.87 crore within the earlier yr. Its profit-after-tax (PAT) jumped 14 per cent to Rs 69.16 crore from Rs 60.42 crore.

Its order e book, constituting engineering consultancy companies stood at Rs 2,533.93 crore and Rs 18,497.33 crore for building contracts, as on March 31, 2022, with a powerful debt-to-equity ratio of 0.10 instances.

The corporate has reserved 50 per cent of shares for certified institutional consumers, whereas 15 per cent of shares will likely be allotted to non-institutional traders, and the remaining 35 per cent will likely be allotted to retail bidders.

Capital Markets & Securities Restricted and SMC Capitals Restricted are the book-running lead managers and KFin Applied sciences Restricted is the registrar of the supply. The fairness shares are proposed to be listed on BSE and NSE.