WAPCOS has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, the Government of India.
IDBI Capital Markets & Securities and SMC Capitals are the book-running lead managers for the issue. The equity shares are proposed to be listed on BSE and NSE.
WAPCOS provides consultancy, and engineering, procurement, and construction services in the field 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.
