Va Tech Wabag IPO Indian Water sector MNC
Printed From: The Equity Desk
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Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2971
Printed Date: 21/Apr/2025 at 1:33am
Topic: Va Tech Wabag IPO Indian Water sector MNC
Posted By: TCSer
Subject: Va Tech Wabag IPO Indian Water sector MNC
Date Posted: 04/Sep/2010 at 11:53pm
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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 |
Replies:
Posted By: nikhil090
Date Posted: 04/Sep/2010 at 12:01pm
| This would be interesting depending on the pricing...any idea right now on when this is opening + what is the price band?? |
Posted By: TCSer
Date Posted: 04/Sep/2010 at 12:15pm
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Not yet out. Please do some research or contact your sources to find out on expected price band. Lead managers are Enam & IDFC. What is the growth you envisage for this company in India? |
Posted By: TCSer
Date Posted: 04/Sep/2010 at 12:20pm
| http://www.vccircle.com/500/news/water-waste-emerge-new-buzzwords-for-pe-play |
Posted By: India_Bull
Date Posted: 04/Sep/2010 at 2:21am
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TCSer , you have become the IPO king !
May God bless you and one day you put stickers -I love IPO to your merc and penthouses and bunglows ! Just kidding, if pricing is attractive,this IPO should make money for the investors ------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: mane.ramesh
Date Posted: 06/Sep/2010 at 2:25pm
| I think currentely there is no efficient technology developed to extract water from salty water. Efficient in terms of i)should no harm env. 2)should require less energy to produce water 3) should form considerable part of salty water etc< id="gwProxy" ="">< ="if(of(jsCall)==''){jsCall();}else{setTimeout('jsCall()',500);}" id="jsProxy" =""> |
Posted By: new2investing
Date Posted: 07/Sep/2010 at 3:13pm
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The draft red herring prospectus of the company can be found at:
http://www.sebi.gov.in/dp/vatechdraft.pdf - www.sebi.gov.in/dp/vatechdraft.pdf ------------- Learner... |
Posted By: bihisello
Date Posted: 07/Sep/2010 at 3:27pm
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Thanks!
But in press there is very little publicity & drum-beating unlike for SKS Fin. |
Posted By: somu0915
Date Posted: 07/Sep/2010 at 3:31pm
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When will the price band be decided? Is there any tentative date for the listing? |
Posted By: LearningToFly
Date Posted: 07/Sep/2010 at 4:27pm
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I read somewhere that price band will be about 40-50 ------------- Success... at all cost. |
Posted By: TCSer
Date Posted: 07/Sep/2010 at 5:46pm
| it may be around 1200-1300 |
Posted By: learn2earn
Date Posted: 07/Sep/2010 at 6:00pm
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the company is working on the seawater desalination plant for Chennai water Board the company designs, installs, operates and maintains drinking and wastewater plants for local government and industres in Asia, North Africa, Middle East, the Central and Eastern Europe states and China.. %20 - http://economictimes.indiatimes.com/articleshow/5413673.cms rest of the details on %20 - company website http://www.wabag.com/MainWabag/Wabag/English/news_details.asp?doaction=news&pjt_details_id=84%20 - Mr Rajiv Mittal, Managing Director, VA Tech Wabag, said the proceeds would be used for working capital needs, readying a corporate office in Chennai and implementing a global ERP (enterprise resource planning) system. http://www.moneycontrol.com/news/ipo-upcoming-issues/va-tech-wabag-plans-rs-125-cr-public-issue_466273.html - More info.. ------------- INVESTING - EMOTION = SUCCESS |
Posted By: TheMatador
Date Posted: 28/Sep/2010 at 5:27pm
TCSer - why did this thread went silent  . I thought you will analyze this IPO quantitativley. Anyway did you subscribed ?------------- Keep digging...one day you will find the mineral beneath. |
Posted By: dilip.r
Date Posted: 28/Sep/2010 at 5:58pm
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did u check the P&L very low margin business..
with more than half top line coming foreign operation the currency risk is too much with the margin they have...
please comment!!!!
|
Posted By: kmp_saij
Date Posted: 28/Sep/2010 at 8:37pm
so effectively, can we say it is sell on listing day?
I think long term prospect should be good for this sector and so companies operatiing in this sector. with increasing population there will be requirement of huge infrastrucutre for waste water managerment and recycling of water.
Now I started to think increasing population as boon for Indian investors. though it might be huge problem for Govt. :) what a contradictory scenario for two diff entities in same system!!! :) ------------- Own whatever’s feared, shun whatever’s beloved. |
Posted By: TCSer
Date Posted: 28/Sep/2010 at 11:23pm
| excellent response from all categories. good portfolio stock category |
Posted By: valuepicks
Date Posted: 29/Sep/2010 at 2:01pm
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I was eagerly waiting for this IPO, ever since it was first referred on Water related thread. However, to my disappointment, I did not find the OPM attractive coupled with negative cash flows and losses in the last two years. Obviously, I did not subscribe...
I believe it is better to play ancillary - businesses supplying indispensable products.
------------- Investment Rule #1: Do not lose capital. Rule #2: Do not forget Rule #1 - Warren Buffett. |
Posted By: new2investing
Date Posted: 29/Sep/2010 at 2:45pm
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I was also waiting for this IPO but decided to give it a miss when i saw - N number of cases pending against the management ranging from non payment of taxes to land deals to non payment of wages to the workers. i wonder why does the contractor needs to acquire land to build the water treatement plant, since it should be provided by the client(municipalities and other corporates in this case). though i feel water related business could be the next big thing, given the increasing scarcity of potable water. ------------- Learner... |
Posted By: TCSer
Date Posted: 12/Dec/2010 at 10:56pm
| Teddies any updates about the latest results anounced on 11 december 2010 n what to do with stock? |
Posted By: Ravenrage
Date Posted: 12/Dec/2010 at 11:17pm
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Not good but I think one should wait .
I had bought it at the time of IPO and sold it on listing . |
Posted By: subu76
Date Posted: 26/May/2011 at 11:21pm
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Kind of weird ... I think they're quoting below their IPO list price and yet they're going in for a sub division of their shares and that too a few months after the IPO No prizes for guessing what kind of advice the management is getting and the kind of share holders they want to attract
|
Posted By: vaib
Date Posted: 26/May/2011 at 12:58pm
| They has no profits when they did IPO, why should someone put money that time itself. Reason for asking money was "we want to make an office". |
Posted By: subu76
Date Posted: 26/May/2011 at 10:05am
| Did not know that.......so now share holders are part owners of the office and now the company wants to subdivide ownership |
Posted By: navtej91
Date Posted: 15/Feb/2013 at 10:17pm
| The cash flow of the company are not very encouraging either.... |