The capital market regulator has received draft papers for an initial public offering from the state-run Wapcos Ltd.
The president of India, who owns 100% of the company, is offering to sell up to 32.50 million shares through the initial public offering (IPO).
The issue’s main managers are IDBI Capital and SMC Capitals.
A central public sector company, Wapcos is governed administratively by the Jal Shakti ministry.
The organization is now working on projects in 30 nations, including Bangladesh, Bhutan, Burundi, Botswana, Cambodia, Cuba, the Central African Republic, the Democratic Republic of the Congo, Eswatini, Ethiopia, and the Fiji Islands.
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