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State-run WAPCOS information IPO papers with Sebi

New Delhi [India], September 26 (ANI): State-run WAPCOS has filed preliminary papers with markets regulator Sebi to drift an preliminary public providing (IPO).

IDBI Capital and SMC Capitals are the lead managers to the difficulty. The IPO, the corporate knowledgeable, is an entire provide on the market (OFS) of as much as 32,500,000 fairness shares by the promoter, the Government of India, in accordance with the draft pink herring prospectus (DRHP).

Wapcos is a central public sector enterprise beneath the executive management of the ministry of Jal Shakti. It engages in engineering consultancy and building within the fields of water, energy and infrastructure for companies and communities in India and abroad.

The state-run agency has initiatives in 30 nations and has supplied engineering consultancy companies to shoppers in over 50 nations within the final 5 many years. These nations are Bangladesh, Bhutan, Burundi, Botswana, Cambodia, Cuba, the Central African Republic, DR Congo, Eswatini, Ethiopia, and Fiji Islands.

The agency’s consolidated order ebook place was Rs2,533.94 crore and building contracts for Rs18,497.83 crore. Total excellent borrowings are Rs722.10 crore.

For the monetary 12 months 2021-22, the agency reported income of Rs2,797.99 crore versus Rs2,512.87 crore a 12 months in the past. Net revenue was at Rs 68.77 crore versus Rs 60.15 crore final 12 months. (ANI)

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