WAPCOS IPO: Important News About This IPO In 2022

WAPCOS IPO: Important News About This IPO In 2022

The WAPCOS IPO is expected to be launched by the end of March in 2022 as asserted by an official. In this article, let us have a look at the WAPCOS news.

WAPCOS Privatization: The WAPCOS IPO To Be Released Soon

The DIPAM (Department of Investment and Public Asset Management) in February has floated tenders to attract the attention of registrar and an advertising agency for selling upto 25% stake of WAPCOS via an Initial Public Offering (IPO). The WAPCOS IPO listing date has not been finalized, but it is expected to be somewhat around March 2022. 

WAPCOS offers engineering procurement, consultancy, and construction services under the ministry of Jal Shakti. So if you are wondering whether WAPCOS is govt or private, here is your answer. WAPCOS Limited is a Public Sector Undertaking that operates under the Ministry of Water Resources, offering services in power, water, and development and management of infrastructure. This company also offers its services abroad including Afghanistan. According to an official from WAPCOS, 

"There was some delay in the initial public offering due to the pandemic. The company is in the process of collecting data of its overseas operations, and we expect the valuation to be completed in a couple of months."

The government is working on the process of selling upto 25% of its stake in the NSE (National Seeds Corporation) via an IPO and has welcomed bids from various advisors to help them in this process. So what will be the WAPCOS IPO price and the WAPCOS IPO GMP is still unknown.

Know A Bit More About WAPCOS Limited

WAPCOS Limited previously called “Water and Power Consultancy Services (India) Limited” is an Indian multinational firm that has been undertaken by the government. It is also a consultancy firm which is completely owned by the Ministry of Jal Shakti , Indian Government. The company offers services in power, water, and development and management of infrastructure. This company also extends its services abroad including Afghanistan.

Over the years, this company has successfully created a global presence especially in the South Asian regions and also across Africa. It has conducted its work in more than 50 countries across the globe in the space of water resource, power, and infrastructural development. Presently it has its prevailing projects in the countries of Bangladesh, Afghanistan, Bhutan, Central African Republic, Kenya, Muang, Myanmar, Uganda, etc.

Conclusion

The ambitious target of Rs 1.75 lakh crore has been set by the Indian government for WAPCOS IPO from WAPCOS disinvestment of 2021-2022. As of now the government has successfully raised more than Rs 8,300 crore through WAPCOS sale of stake in Axis Bank Ltd, HUDCO, and NMDC Ltd.

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Yaseer Rashid

Yaseer Rashid got a degree in Journalism and worked as a freelancer. Later he joined News Magnify as a Business and stock writer.

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