- Q1. What is the business of Vishvaraj Environment Limited?
It is a water‑utility and wastewater‑management company delivering services such as water supply, sewage/wastewater treatment, sewage‑water recycling for industrial use, water distribution networks, and operations & maintenance. - Q2. Why is the company raising funds via IPO?
VEL is raising funds via IPO to repay borrowings of subsidiaries, fund expansion via new water/wastewater treatment and a solar‑power project and support general corporate needs. - Q3. What is the size of the issue and where will it list?
The issue size of the IPO is approx ₹ 2,250 crore. And it will be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
Risks to investing in the IPO includes project execution delays, dependence on government contracts, regulatory/policy changes, capital intensive business and debt load, sector competition might affect margins typical for infrastructure firms in water/wastewater management. - Q5. What are the potential upsides?
The potential upsides of investing in the IPO is its large order‑book (₹ ~16,011 crore), rising demand for water / wastewater services, diversified service model (PPP, EPC, O&M), growth via new plant + solar‑energy projects, and steady margin growth in recent years. - Q6. How to apply for the IPO?
You can apply for the IPO via your brokerage/demat/ASBA using net banking / UPI account when the IPO opens - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
Upcoming
Vishvaraj Environment Ltd
0
IPO Score
0
*Score varies on actual price
Vishvaraj Environment Limited (VEL) is a company specialising in water‑utility and wastewater‑management projects, with a core focus on recycling treated sewage water for industrial use. It operates across the full water value chain: water supply, sewage treatment, wastewater recycling, and distribution networks.VEL has filed a DRHP to raise ₹2,250 Crore including fresh issue of ₹1,250 crore and an offer-for-sale for ₹1,000 crore.
Vishvaraj Environment Limited was incorporated on 22 September 2008.Mr. Arun Lakhani is the Managing Director of the company.
It delivers full‑cycle water‑utility services drinking water supply, sewage/wastewater treatment, wastewater reuse (especially for industrial/commercial use), water‑distribution networks, plus O&M, irrigation and renewable‑energy (solar) projects.
It operates in 30 cities with 30 water treatment plants with a total capacity of ~2,090 MLD and 60 sewage treatment plants with total capacity of ~1,706.57 MLD, delivering services that touch “over 44 million people as declared by the company.
Subscription date to apply for Vishvaraj Environment Limited is yet to be announced. Price band for the IPO is also pending to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 782.2 Cr
|
|
Revenue
|
₹ 1758.7 Cr
|
|
EBITDA
|
₹ 424 Cr
|
|
PAT
|
₹ 266.3 Cr
|
|
EBITDA Margin
|
~24.11%
|
|
PAT Margin
|
~14.95%
|
|
Face Value
|
Rs.05 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
Borrowing payment
|
~ ₹ 545 Cr
|
|
Investment in subsidiaries infrastructure
|
~ ₹ 415.45 Cr
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 670.0
|
₹ 1,255.4
|
₹ 1,758.7
|
|
PAT (₹ Cr)
|
₹ 96.1
|
₹ 165.8
|
₹ 266.3
|
|
Asset (₹ Cr)
|
₹ 1,424.1
|
₹ 1,892.4
|
₹ 3,004.6
|
|
Net Worth (₹ Cr)
|
₹ 430.1
|
₹ 555.9
|
₹ 782.2
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17 July
|
₹ –
|
₹ –
|
₹ –
|
|
16-July
|
₹ –
|
₹ –
|
₹ –
|
|
15-July
|
₹ –
|
₹ –
|
₹ –
|
|
14-July
|
₹ –
|
₹ –
|
₹ –
|
|
13-July
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Premier Financial Services Pvt. Ltd.
|
~100%
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
00
|
|---|---|
|
ROCE
|
00
|
|
RoNW
|
00
|
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