Vishvaraj Environment IPO Description – Vishvaraj Environment operates as an integrated water utility and wastewater management solutions provider, addressing India’s growing water scarcity and infrastructure gap through end-to-end project execution. Its core business spans the entire water value chain, including development, construction, and operation of water treatment plants (WTPs), sewage treatment plants (STPs), wastewater recycling facilities, and distribution networks.
As of March 2025, the company has a robust order book of INR 16,011.3 crore and assets under management (AUM) of INR 6,677.9 crore, reflecting strong project visibility and execution scale. It currently operates across 30 cities in India, with a diversified portfolio of water and wastewater projects under PPP, HAM, EPC, and O&M models, ensuring a mix of annuity-like and execution-driven revenues.
A key differentiator is its focus on wastewater recycling for industrial use, with an operational capacity of 240 MLD and an additional 300 MLD under development. Additionally, the company has recently diversified into renewable energy, with 201 MW solar projects under development, further strengthening its sustainability-driven business model and long-term growth visibility. As of March 31, 2025, the company had 879 permanent employees.
Promoters of Vishvaraj Environment – Arun Hanumandas Lakhani, Vandana Arun Lakhani, Sidhaartha Arun Lakhanee, Sarang Arun Lakhanee, And Premier Financial Services Private Limited
Vishvaraj Environment IPO Details
| Vishvaraj Environment IPO Dates | Coming soon |
| Vishvaraj Environment Issue Price | Coming soon |
| Fresh Issue | INR 1,250 crore |
| Offer For Sale | INR 1,000 crore |
| Total IPO Size | INR 2,250 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | 35,50,00,000 shares |
| Face Value | INR 5 per share |
| Listing On | NSE, BSE |
Vishvaraj Environment IPO Allocation in Different Categories
Vishvaraj Environment Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 669.99 | 1,255.44 | 1,758.71 |
| Expenses | 562.81 | 1,068.26 | 1,424.10 |
| Net Income | 9.61 | 165.79 | 266.27 |
| Margin (%) | 1.43 | 13.21 | 15.14 |
Vishvaraj Environment Offer News
Vishvaraj Environment Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 6.94 | 11.53 | 18.62 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.44 | 1.49 | 1.13 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 23.72 | 31.56 | 36.59 |
| NAV | 29.27 | 36.53 | 50.89 |
| ROCE (%) | 18.07 | 26.81 | 24.04 |
| EBITDA (%) | 24.15 | 21.40 | 24.11 |
| Debt/Equity | 0.99 | 0.50 | 0.98 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Vishvaraj Environment IPO Anchor Investors
Vishvaraj Environment raises () from anchor investors. Vishvaraj Environment Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Vishvaraj Environment IPO GMP Today (Daily Trend)
Vishvaraj Environment Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Investment in our Subsidiaries, in the form of debt or equity for repayment/prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed the subsidiaries – INR 545 crore
- Funding of capital expenditure through investment in the subsidiary, Nagpur Waste Water Management to build phase-3 of a UF RO Technology-Based Advanced Water Treatment Plant for supply of 300 MLD water. (“Project A”) – INR 178.50 crore
- Funding of capital expenditure through investment in the subsidiary, Bhusawal Waste Water Management to Design, Build, Finance, Operate and Transfer (“DBFOT”) framework for execution of a 60 MLD STP and an 80 MLD Tertiary Treatment RO (TTRO) plant. (“Project B”) – INR 112.77 crore
- 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”) – INR 124.18 crore
- General Corporate Purposes
Vishvaraj Environment IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Vishvaraj Environment – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Vishvaraj Environment | – | 18.62 | 36.59 | 50.89 | 1,758.71 |
| VA Tech Wabag | 31.02 | 46.80 | 13.80 | 344.09 | 3,294.0 |
| ION Exchange | 23.19 | 17.53 | 17.21 | 101.89 | 2,737.11 |
| Welspun Enterprises | 24.45 | 23.30 | 13.87 | 185.97 | 3,584.10 |
| Enviro Infra Engineers | 21.01 | 11.76 | 17.73 | 66.35 | 1,066.01 |
Vishvaraj Environment IPO Allotment Status
You can check Vishvaraj Environment IPO allotment status on MUFG Intime’s website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Vishvaraj Environment IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Vishvaraj Environment IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Vishvaraj Environment IPO Reviews – Subscribe or Avoid?
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Vishvaraj Environment IPO Lead Manager
JM FINANCIAL LIMITED
7TH Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: [email protected]
Website: www.jmfl.com
Vishvaraj Environment Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
VISHVARAJ ENVIRONMENT LIMITED
4th Floor, Madhu Madhav Tower,
Laxmi Bhuvan Square, Dharampeth,
Nagpur – 440 010, Maharashtra, India
Phone: 022-22881211/ 62290000
Email: [email protected]
Website:www.vishvaraj.co
IPO Resources
How many shares in Vishvaraj Environment IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Vishvaraj Environment Public Offer?
What is Vishvaraj Environment IPO GMP today?
Vishvaraj Environment IPO GMP today is INR NA per share.
What is Vishvaraj Environment Subject to Sauda rate today?
Vishvaraj Environment Subject to Sauda rate today is INR NA per application.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
