WAPCOS is a central public sector company that the Government of India (“GOI”) owns entirely. The Ministry of Jal Shakti, GOI, is in charge of its administrative operations. WAPCOS IPO will hit the stock market in January 2023.
Table of Contents
About WAPCOS
For companies and communities in India and abroad, WAPCOS Limited provide engineering consultancy services and construction in the fields of water, power, and infrastructure.
Their Company has been offering the engineering consulting services for the previous 5 (five) decades for projects in the infrastructure, water, and power sectors that have significantly benefited India and other countries of the world.
They actively engage in the construction industry, along with their subsidiary, and have completed numerous projects in important Indian industries.
They are able to offer public and private clients in India and abroad unique solutions to challenging assignments because to their experience obtained from having a global presence. The Department of Public Enterprises has granted them Schedule B Category-I Mini-Ratna status.
Business
Since their incorporation, they have offered engineering consulting services to numerous clientele in more than fifty (50) nations. By providing engineering consulting services for numerous development projects, they have established a global footprint in the water, power, and infrastructure sectors, primarily in South Asia and throughout Africa.
Their extensive presence and assignments completed abroad showcase their accumulated knowledge and competence on a worldwide scale.
In addition to India, they are currently working on ongoing projects in 30 other nations, including Bangladesh, Bhutan, Burundi, Botswana, Cambodia, Cuba, the Central African Republic, the Democratic Republic of the Congo, Eswatini, Ethiopia, Fiji Islands, Ghana, Gambia, Indonesia, Liberia, Lao PDR, Mozambique, Myanmar, Mongolia, Nicaragua, Niger, Nepal, Rwanda, Suriname, Senegal, Tanzania, Togo, Uganda, and Zimbabwe.
Solutions
The World Bank, the Asian Development Bank, the African Development Bank, the Japan Bank for International Cooperation, the United Nations Office for Project Services, the French Development Agency, the German Development Bank, the Asian Infrastructure Investment Bank, the European Investment Bank, and the European Bank for Reconstruction and Development are just a few of the multilateral funding organizations they are affiliated with.
As part of the bilateral funding effort of the GOI to numerous nations, including Afghanistan, Bhutan, Cambodia, Nepal, Ghana, and Tanzania, among others, they are also connected to important development initiatives.
The numerous honors and certifications that they have accrued over the years in connection with their line of work serve as a testament to their corporate ethos.
WAPCOS IPO
WAPCOS Limited, headquartered in Visakhapatnam has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 32,500,000 Equity Shares on 23 September 2022.
The offer doesn’t includes a fresh issue and there is offer for sale (OFS) of 32,500,000 Equity Shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 5,163.61 | 4,721.19 | 4,381.01 | ||
| Total Revenue | 2,866.37 | 2,580.50 | 2,943.64 | ||
| Profit After Tax | 69.16 | 60.42 | 147.31 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 11.33 | 11.33 | 3 |
| Financial Year 2021 | 4.65 | 4.65 | 2 |
| Financial Year 2022 | 5.32 | 5.32 | 1 |
| Weighted Average | 6.10 | 6.10 | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- All of India Presence.
- Worldwide footprint and experience.
- Proven track record in key areas.
- Through established systems and controls, operational effectiveness and quality control.
- Solid reputation as a “Technical Consultancy” company.
- Strategic involvement in projects of the Indian government.
- Solid credit profile and order book.
- A strong personnel base with a variety of skills and expertise, as well as an accomplished management group.
WAPCOS Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Engineers India Limited | 26.81 |
| 2 | 10 | RITES Limited | 13.77 |
| 3 | 5 | Va Tech Wabag Limited | 13.87 |
| 4 | 1 | NBCC (India) Limited | 26.72 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 19, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
WAPCOS IPO Details
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 32,500,000 Equity Shares |
| Fresh Issue | 0 |
| Offer for Sale | 32,500,000 Equity Shares |
WAPCOS IPO Date
WAPCOS Limited IPO opening date is January 2023, and the closing date is January 2023. The WAPCOS issue may list in January 2023.
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Basis of Allotment Date | January 2023 |
| Initiation of Refunds | January 2023 |
| Credit of Shares to Demat Account | January 2023 |
| IPO Listing Date | January 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
WAPCOS IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of WAPCOS IPO.
WAPCOS IPO GMP
WAPCOS Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| January 2023 | |||
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| January 2023 | |||
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| January 2023 |
Check Out the GMP of all Other IPOs
WAPCOS Limited IPO Review
WAPCOS Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of WAPCOS IPO is good or bad.
WAPCOS Limited IPO Risk
- Regarding its audit report on the consolidated financial accounts for Fiscal 2022, its Statutory Auditor has issued a qualified opinion.
- Their relationship with GOI entities & State Government exposes them to risks inherent in doing business with them, which may negatively affect their operations, results, & financial condition. They depend on and derive a significant portion of their revenue from the GOI, State Government, and government controlled entities.
- The majority of their income comes from the construction industry, which has lower profit margins than engineering consulting services.
- They rely on the award of large-scale projects that are outside their control for a percentage of their income and profits.
- They might not be able to successfully carry out their plans & achieve future development.
Other Threats
- Their Order Book does not definitely represent their future revenues or profits because the contracts in it could be modified, delayed, or cancelled by their clients.
- Their overseas clients provide a share of their revenue, therefore any decline in that revenue or loss of business could have a negative impact on their operational outcomes, financial situation, and profitability.
- There are ongoing legal disputes involving their company and a subsidiary that, in the event of a negative outcome, could have a negative impact on their operations, profits, & financial situation.
- Their business, profitability, operational performance, and financial situation could all be negatively impacted by projects for which they supply their services due to a variety of implementations and other risks and uncertainties.
Global Presence
They work in a variety of industries and environments across several different nations. All around Asia, Africa, Europe, North America, Oceania, and South America, they have provided services to clients and finished projects.
They are not overly dependent on a small number of clients because they have a wide variety of overseas clients, which allows them to lessen the negative effects on their company from any setbacks that may occur in a certain project.
Their extensive geographic presence has assisted them in achieving their goals of diversifying and expanding their service offering as well as building their reputation in international markets.
WAPCOS Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this WAPCOS IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
WAPCOS Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| January 2023 | 1 | |||||
| January 2023 | 2 | |||||
| January 2023 | 3 |
WAPCOS Limited Management
They think that having a skilled, multi-faceted, & experienced workforce base gives them an advantage. They had 1009 regular cadre personnel who were qualified, multi-disciplinary, and professionals.
Additionally, based on the demands of a particular project, they hire additional workers on a contract basis through campus placement & screenings that are promoted.
Many of their staff members, especially senior management, have been with the company for sizable amounts of time. They have a management group that is capable & skilled in running their company.
Rajni Kant Agrawal in particular has 32 years of experience in the field of planning, designing, and implementing water resources, power, & infrastructure development projects in India and abroad. He also serves as the chairman & managing director of their company.
WAPCOS Limited‘ Promoters
- President of India
Principal Shareholder’s Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
WAPCOS Limited Prospectus
Contact Details
WAPCOS Limited
5th Floor, Kailash, 26 Kasturba Gandhi Marg,
New Delhi, Delhi – 110001, India
Tel: +91-11-23354532
E-mail: [email protected]
Website: www.wapcos.co.in
Registrar
KFIN TECHNOLOGIES LIMITED
(Formerly KFin Technologies Private Limited)
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad Rangareddi, Telangana- 500032, India
Telephone: +91 40 6716 2222
E-mail : [email protected]
Website: www.kfintech.com
Lead Manager(s)
- IDBI Capital Markets & Securities Limited
- SMC Capitals Limited
We hope we are able to answer all your questions about WAPCOS IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
WAPCOS Limited IPO Opening Date?
WAPCOS Limited IPO will open in January 2023.
WAPCOS Limited IPO Listing Date?
WAPCOS Limited IPO will list in January 2023.
WAPCOS IPO GMP Today?
WAPCOS IPO Grey Market Premium is INR 0 .
WAPCOS Limited IPO Allotment Date?
WAPCOS Limited IPO basis of allotment will be in January 2023.
Lot size for WAPCOS Limited IPO?
Lot size for WAPCOS Limited IPO is 0.
