Va Tech Wabag IPO Indian Water sector MNC

Message

   Another of those niche concept stock IPO is on the anvil on lines of SKS Microfinance,Jubilant Food,Cox & Kings & Talwalkars.

VA Tech Wabag, the Indian multinational company with its headquarters in Chennai & 
current order book of about Rs 3,000 crore, to be executed over the next
 couple of years.

Its IPO would opem in Mid september & the price band is yet  to be declared.

Wabag has been in the business of water management, 
industrial and municipal waste water treatment, recycling, and process 
water treatment for over 85 years and has a presence in 20 countries 
with over 6,000 water treatment plants.VA Tech Wabag Limited  is  in  the business of providing  turnkey 
solutions  for water and waste water  treatment  to  municipal  and  
industrial  users. After buying majority stake from Siemens, Wabag 
Austria and its subsidiaries became subsidiaries of this company.  Wabag
  on  a  consolidated  basis  has  presence  across  North  Africa, 
Middle  East,  Fast  East-China,  and  South East/Central/Eastern 
Europe.  

The Company currently has 13 subsidiaries, all of which
 are incorporated outside India. Of the 13 subsidiaries, two are direct 
subsidiary and the remaining are indirect subsidiaries.   

The 
company  is  into  turnkey project execution  for water/waste  treatment
  facilities  including drinking water  treatment,  effluents  
treatment,  sewage  treatment,  sludge  treatment,  desalination  and  
de-mineralization,  for  both  municipal  and  industrial  customers. 
Wabag has executed more than 100 projects for clients, which includes 
various municipal corporations and industrial units belonging to the 
power, steel and oil and gas sector. On an overall basis, the Wabag 
group has implemented close to 
2250  projects  over  the  last  three  decades  in more  than  19  countries