Wapcos Ltd. IPO Details
Wapcos was incorporated on June 26, 1969. The company is a central public sector enterprise wholly owned by the Government of India under the administrative control of the Ministry of JalShakti. It is engaged in engineering consultancy services and construction in the fields of water, power and infrastructure sectors for businesses and communities in India and overseas.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 32.5 M | - | - | ₹0 | DRHP DOC |
Wapcos Ltd. issue details
Wapcos Ltd. has 32.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Wapcos Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Wapcos Ltd. NUMBER OF SHARES ON OFFER
Wapcos Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY22 | 691.6 | 27,979.9 | 4,723.8 | 4,650.4 | 4.1% |
| FY21 | 604.2 | 25,128.7 | 519.9 | 505.4 | 4.3% |
| FY20 | 1,473.1 | 28,422.2 | 1,329.2 | 1,244.3 | 8.9% |
Wapcos Ltd. INFORMATION ON IPO ISSUE
About Wapcos Ltd.
Wapcos was incorporated on June 26, 1969. The company is a central public sector enterprise wholly owned by the Government of India under the administrative control of the Ministry of JalShakti. It is engaged in engineering consultancy services and construction in the fields of water, power and infrastructure sectors for businesses and communities in India and overseas.
Object of the Issue
- To carry out the disinvestment of up to 32,500,000 equity shares by the selling shareholder (the President of India, acting through the Ministry of Jal Shakti, Government of India) constituting 25% of company’s paid up equity share capital
- To achieve the benefits of listing the equity shares on the stock exchanges
Wapcos Ltd. Strengths
Pan India presence
The engineering consultancy services and construction industry size is around ~2.0% of the total infrastructure market in India. The industry is proportional to the growth of the infrastructure development in the country
Global experience and reach
The company is operating in diverse sectors in different geographical environments covering several countries and it has served clients and completed projects throughout Asia, Africa, Europe, North America, Oceania and South America
Operational efficiency and quality control
Over the years the company has put in place well-established systems and controls that help its teams to consistently deliver quality consultancy services to the clients. Once the contract is awarded, Wapcos actively tracks and manages deliverables and strive to ensure that there is no breach of the contractual terms and conditions
Wapcos Ltd. Risks
Dependent on Government of India
The company is dependent on and derives a substantial portion of revenue from the Government of India, State Government and government-controlled entities, and its relationship with Government entities exposes it to risks inherent in doing business with them
Outstanding litigations
There are outstanding litigations involving the company and subsidiary which, if determined adversely, may adversely affect business and financial condition
IPO FAQs
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.