Vishvaraj Environment Limited IPO Details

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Vishvaraj Environment IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.

The Lead Managers for Vishvaraj Environment IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jm Financial Limited, Dam Capital Advisors Ltd, Axis Capital Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Vishvaraj Environment Limited DRHP.

Vishvaraj Environment IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹0 - ₹0
Face Value
₹5 per share
Lot Size
0
GMP
₹0
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
355000000
Share holding post issue
-
Total Issue Size
-
Fresh Issue
-
Offer for Sale
-
DRHP Status
Filed With SEBI

Vishvaraj Environment IPO Lot Size

ApplicationLotsSharesAmount
To be announced

Vishvaraj Environment IPO Reservation

Promoter Holding

Pre Issue:100%
Post Issue:-
Promoter Names:
Arun Hanumandas Lakhani, Vandana Arun Lakhani, Sarang Arun Lakhanee, Sidhaartha Arun Lakhanee, Premier Financial Services Pvt. Ltd

Documents

Vishvaraj Environment IPO Valuations

ROE:39.80%
ROCE:24.04%
DEBT/EQUITY:0.98
RONW:36.59%
PAT MARGIN:14.95%

Vishvaraj Environment Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets3,004.561,892.391,424.05
Total Income1,780.651,291.85693.15
Profit After Tax266.27165.7996.06
EBITDA423.96268.61161.83
NET Worth782.16555.92430.14
Reserves and Surplus651.64447.68325.29
Total Borrowing1,001.00490.16530.59
Amount in ₹ Crore

About Vishvaraj Environment IPO

Incorporated in 2008, Vishvaraj Environment is a leading company in water utility and wastewater management, focusing on recycling treated sewage water for industrial use.

The company provides complete water and wastewater solutions, includng Water Treatment Plants (WTPs), Sewage Treatment Plants (STPs), Industrial water reuse projects, and Water distribution networks.

It works on various models, including Public-Private Partnership (PPP), Hybrid Annuity Model (HAM), Engineering, Procurement and Construction (EPC), and Operations and Maintenance (O&M).

As of March 31, 2025, it sell 240 MLD of treated sewage water through two PPP projects and have 300 MLD under development. As of March 31, 2025, the company has an Order Book of Rs 160,113.44 million and Assets Under Management (AUM) of Rs 66,779.00 million

The company has a strong presence across India with operational and under construction water and waste water projects in 30 cities.

Its upcoming projects include 486 MLD STP project in Nashik to clean the Godavari river before the 2027 Kumbh Mela and an irrigation project covering 20,887 hectares of farmland.

In FY2025, it further entered the solar power sector where the company is setting up 201 MW solar projects across six districts in Maharashtra and have signed Power Purchase Agreements (PPAs) with the Maharashtra State Electricity Distribution Company under the PM-Kusum Scheme.

As of March 31, 2025, the company has 879 permanent employees.

Competitive Strengths

  • Leading Developer of Water Utility and Wastewater Management Projects Well Positioned to Capitalize on Industry Tailwinds
  • Asset Ownership Model with Focus on Long-term Concessions with Predictable Cash Flows
  • Demonstrated End-to-End Execution Capabilities with in-house EPC and O&M Capabilities
  • Substantial and Well Diversified Order Book Serving Marquee Clients
  • Track Record of Consistent Operational and Financial Performance
  • Experienced Promoters and Management Team

Strength Of Vishvaraj Environment IPO

To be announced

Risk Of Vishvaraj Environment IPO

To be announced

Objectives Vishvaraj Environment IPO

1. Investment in our Subsidiaries, in the form of debt or equity for repayment/ prepayment, as applicable of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by certain of our subsidiaries.

2. Funding of capital expenditure through investment in our subsidiary, Nagpur Waste Water Management Private Limited to build phase-3 of a UF RO Technology-Based Advanced Water Treatment Plant for supply of 300 MLD water. (“Project A”)

3. Funding of capital expenditure through investment in our subsidiary, Bhusawal Waste Water Management Private Limited to Design, Build, Finance, Operate and Transfer (“DBFOT”) framework for execution of a 60 MLD STP and a 80 MLD Tertiary Treatment RO (TTRO) plant. (“Project B”)

4. Funding of capital expenditure to build a 30 MW (AC) aggregate solar photovoltaic power generating solutions under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0, implemented under Component C of the PM-KUSUM scheme. (“Project C”)

5. General corporate purposes

Company Contact Details

Vishvaraj Environment Ltd.
116A, 11th Floor,
Maker Chambers VI, 220 Nariman Point
Mumbai, Maharashtra, 400021
Phone: 022-22881211
Email: compliance@vishvaraj.in
Website: http://www.vishvaraj.in/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270

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