WAPCOS files IPO papers with Sebi; government to divest stake
时间:2024-06-26 10:55:19 阅读(143)
Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering. The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India, according to the Draft Red Herring Prospectus (DRHP).
WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors. It comes under the Ministry of Jal Shakti. The company also provides its services abroad, particularly in South Asia and across Africa in the fields of dam and reservoir engineering, irrigation and flood control.
Also read| Harsha Engineers premium listing on BSE, NSE, shares gain 36% from IPO price: debut at Rs 450 on bourses
Some of the listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag. As on March 2022, the company’s order book stood at Rs 2,533.93 crore and Rs 18,497.33 crore for construction contracts. So far in the current fiscal, the Centre has collected Rs 20,557 crore by way of divestment proceeds through the Life Insurance Corporation of India IPO and Rs 3,000 crore from minority stake sale in ONGC.
Also read| How do new internet IPO companies fare when it comes to valuation and profitability?
The government has pegged divestment target at Rs 65,000 crore for the current financial year. IDBI Capital Markets & Securities Ltd and SMC Capitals Ltd are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE
猜你喜欢
- Global Stock Markets- Investors regain risk appetite with a vengeance after initial inflation sell-off
- Global Markets- Shares drift lower as bond yields climb and yen tumbles
- Gold Price Today, 13 Feb- Gold flat as traders eye US inflation data, US Treasury yields may rebound
- Sebi ups ante on disclosures for M&A-bound firms
- SAT dismisses Zee Entertainment promoters’ plea against Sebi’s interim order
- Sebi asks AIFs to provide “direct plan” option to investors; introduces trail model for distribution commission
- Sensex ends in red after selling pressure in closing hour of trade, Nifty support still at 16000
- Gold outlook- MCX gold sentiment shifts to bullish trend; buy yellow metal for dip near Rs 50700
- Sebi to tell court Adani inquiry began 2014, but hit dead end