WAPCOS Ltd, a central public sector enterprise, below the executive management of the Ministry of Jal Shakti and engaged in engineering consultancy companies and development within the fields of water, energy and infrastructure sectors for companies and communities in India and abroad, has filed preliminary papers with the market regulator for its proposed Initial Public Offering (IPO).
The public difficulty with a face worth of Rs 10 per fairness share is an entire offer-for-sale (OFS) of as much as 32,500,000 fairness shares by the President of India, performing by the Ministry of Jal Shakti (“the selling shareholder”), in response to the draft purple herring prospectus.
The provide is being made by the guide constructing course of, whereby no more than 50 per cent of the provide shall be accessible for allocation to certified institutional patrons, not lower than 15 per cent of the provide shall be accessible for allocation to non-institutional bidders, and less than 35 per cent of the provide shall be accessible for allocation to retail particular person bidders.
In the previous 5 a long time, WAPCOS and its subsidiaries have offered engineering consultancy companies for initiatives within the water, energy, and infrastructure sectors inside India and abroad, notably South Asia and throughout Africa within the fields of dam and reservoir engineering, irrigation, flood management, and river morphology, groundwater exploration, agriculture, watershed administration, and river basin planning, environmental engineering, hydropower and pump storage, thermal energy, renewable power growth, like photo voltaic and wind, water provide and sanitation, amongst others.
From idea to commissioning, the CPSE carries out preliminary investigations and reconnaissance, feasibility research, planning and undertaking formulation, subject surveys and testing design engineering, baseline and socioeconomic surveys, tender engineering, institutional and human useful resource growth, undertaking administration and development supervision, operation and upkeep, engineering procurement consultancy, turnkey and deposit works, in addition to consulting companies for all its purchasers.
Currently, it has ongoing initiatives in 30 nations and has been related to over 455 abroad initiatives, each accomplished and ongoing.
In FY22, it was positioned first among the many high ten worldwide consultancy companies within the water and different city infrastructure sectors, in response to an Asian Development Bank report talked about in its DRHP. Additionally, it was positioned third among the many high 5 Indian companies for consulting companies from 2017 to 2021. Some of the listed friends within the phase are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
The firm’s income from operations elevated by 11.35 per cent to Rs 2,797.99 crore for monetary yr 2022 from Rs 2,512.87 crore for monetary yr 2021, primarily as a result of a rise within the income from the consultancy earnings, development contracts earnings, and different earnings, whereas revenue after tax elevated by 14.47 per cent to Rs 69.16 crore for the monetary yr 2022 from Rs 60.42 crore for a similar interval final yr.
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