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Issue Size
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Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,004.56 | 1,892.39 | 1,424.05 |
| Total Income | 1,780.65 | 1,291.85 | 693.15 |
| Profit After Tax | 266.27 | 165.79 | 96.06 |
| EBITDA | 423.96 | 268.61 | 161.83 |
| NET Worth | 782.16 | 555.92 | 430.14 |
| Reserves and Surplus | 651.64 | 447.68 | 325.29 |
| Total Borrowing | 1,001.00 | 490.16 | 530.59 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Greenleaf Envirotech Ltd. | SME | ₹21.90 Cr | ₹136 | 13.38 | ₹132.90 | -2.28% | ₹102.85 (+2.70%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. | 545.00 |
| 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”) | 178.50 |
| 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”) | 112.77 |
| 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”) | 124.18 |
| 5 | General corporate purposes |
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 i
Contact Details
Vishvaraj Environment Ltd. Address116A, 11th Floor,Maker Chambers VI, 220 Nariman PointMumbai, Maharashtra, 400021022-22881211compliance@vishvaraj.inVisit Website