These companies along with some financial firms like Yes Securities and Equiris Capital will make presentations for tecnical evaluation and final selection this week as BRLMs for the three the IPOs of the public sector undertakings (PSUs).
Ten PSUs are lined up for IPOs this year towards achieving the Centre’s disinvestment target of Rs 1.05 lakh crore in the current fiscal. Telecommunication Consultants (India) Ltd (TCIL), RailTel Corporation India Ltd, National Seed Corporation India Ltd (NSC), Tehri Hydro Development Corporation Ltd (THDCIL), Water and Power Consultancy Services (India) Ltd (WAPCOS) and FCI Aravali Gypsum and Minerals (India) Ltd (FAGMIL) are among the companies proposed for IPOs.
In case of TCIL, the government may sell 25 per cent stake, while the decision regarding WAPCOS and FAGMIL will be taken after the selection of lead managers, the sources said.
State-owned WAPCOS provides consultancy and EPC services in water resources, irrigation and power.
The long wait for fresh IPOs in the Indian water market likely to end in 2019, after the government announced the Water & Power Consultancy Services (WAPCOS) IPO last year.
The last notable water industry IPO in India was in 2008, was the public offer by VA Tech Wabag.
