VA Tech Wabag IPO
VA Tech Wabag IPO — date, price band, lot size & details 2010
VA Tech Wabag listed on 13 Oct 2010 at ₹1,500, 14.5% above the ₹1,310 issue price.
VA Tech Wabag provides turnkey water and waste water treatment solutions to municipal and industrial users in India and overseas. Its total income was Rs 707.66 crore in FY2010.
Stock price
VA Tech Wabag is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 22 Sep 2010
- Close 27 Sep 2010
- Allotment 11 Oct 2010
- Refund/credit TBA
- Listing 13 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 27 Sep, 2010 |
|---|---|
| Price Band | ₹1230 – ₹1310 |
| Face Value | ₹5 |
| Lot Size | 5 Shares |
| Issue Size | ₹472.59 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,550 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 5 shares at the ₹1310 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 5 | ₹6,550 |
| Retail (max) | 30 | 150 | ₹1,96,500 |
| S-HNI (min) | 31 | 155 | ₹2,03,050 |
| S-HNI (max) | 152 | 760 | ₹9,95,600 |
| B-HNI (min) | 153 | 765 | ₹10,02,150 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 343.53 crore in FY2008 to Rs 707.66 crore in FY2010.
- 02Profit after tax rose from Rs 1.83 crore in FY2008 to Rs 40.96 crore in FY2010.
- 03It had no borrowing in FY2010.
- 04It works across India, the Middle East, Africa, Europe and Asia, through offices in more than 10 countries.
Risks · 5
- 01Profit after tax was Rs 40.96 crore on income of Rs 707.66 crore in FY2010, so margins are thin.
- 02Many contracts are with municipal bodies, which can pay late; Rs 64.51 crore of the issue was for working capital.
- 03Overseas projects bring currency and country risk across its offices in Algeria, Libya and other markets; net worth was Rs 242.54 crore.
- 04Rs 347.59 crore of the Rs 472.59 crore issue went to selling investors.
- 05The promoters held only 34.34% before the issue and 31.21% after it.
Three years of numbers
All figures in ₹ crore, as reported in the VA Tech Wabag offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Total Income | 707.66 | 573.54 | 343.53 |
| Profit After Tax | 40.96 | 19.08 | 1.83 |
| NET Worth | 242.54 | 194.20 | 167.28 |
| Reserves and Surplus | 237.86 | 190.05 | 163.13 |
| Total Borrowing | 0.00 | 11.50 | 12.19 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the VA Tech Wabag RHP.
Where the money goes
₹119.04 Cr of the issue is earmarked to named objects.
VA Tech Wabag IPO Anchor Investors
26 anchor investors across 15 fund houses committed ₹70.89 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is a multinational player in water treatment with a presence in India, the Middle East, North Africa, Central and Eastern Europe, China and South East Asia. It is headquartered in Chennai and works through subsidiaries and offices in Austria, the Czech Republic, China, Switzerland and other countries.
It offers the full life cycle of conceptualisation, design, engineering, procurement, construction and O&M for sewage, drinking water, effluent and sludge treatment and desalination.
The IPO was Rs 472.59 crore, with Rs 125.00 crore of fresh issue and Rs 347.59 crore of offer for sale by investors, at Rs 1,310, the top of the Rs 1,230 to Rs 1,310 band. The fresh money was for working capital, a corporate office in Chennai and global IT systems.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
VA Tech Wabag IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
256 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of VA Tech Wabag?
The current Grey Market Premium is ₹0.
What is the VA Tech Wabag IPO price band?
₹1230 to ₹1310, on a face value of ₹5.
When is the allotment?
The basis of allotment is 11 October 2010, with listing on 13 October 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
