The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The public issue was to be an offer-for-sale where the government will sell up to 3.25 crore shares.
WABAG enters into a strategic alliance with Al Jomaih Energy and Water equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
So, we are in the process of having a strategic tie-up with other developers from Saudi Arabia, from Japan and UAE, so where we can definitely look forward to being a preferred EPC partner.
The issue received good interest from non-institutional and retail investors on day 1.It has already raised ₹96.37 crore from anchor investors.The net proceeds
The stocks picked by ICICI Securities include the likes of ONGC, South Indian Bank, Coal India, Manappuram Finance, Gail (India), Karur Vysya Bank, Jindal Stainless, State Bank of India (SBI), Va Tech Wabag, PCBL, Jindal Steel, Kalpataru Projects and Axis Bank.