Vishvaraj Environment IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ā¹5 Per Equity Share |
| IPO Price Band | ā¹[.] to ā¹[.] Per Share |
| Issue Size | Approx ā¹2,250 Crores |
| Fresh Issue | Approx ā¹1,250 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Vishvaraj Environment IPO Review & Key Points
- Review:
Vishvaraj Environment IPO Market Lot
The Vishvaraj Environment IPO minimum market lot is [.] shares with ā¹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ā¹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ā¹- |
| Retail Maximum | – | – | ā¹- |
| S-HNI Minimum | – | – | ā¹- |
| S-HNI Maximum | – | – | ā¹- |
| B-HNI Minimum | – | – | ā¹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Vishvaraj Environment IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Vishvaraj Environment IPO Dates
The Vishvaraj Environment IPO date is 2026 and the close date is 2020. The Vishvaraj Environment IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Arun Hanumandas Lakhani, Vandana Arun Lakhani, Sarang Arun Lakhanee, Sidhaartha Arun Lakhanee and Premier Financial Services Pvt. Ltd.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 35,50,00,000 | 100% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| 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. | ā¹545.00 |
| 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. (āProject Aā) | ā¹178.50 |
| Funding of capital expenditure through investment in our subsidiary, Bhusawal Waste Water Management Private Limited to Design, Build, Finance, Operate and Transfer (āDBFOTā) framework for execution of a 60 MLD STP and a 80 MLD Tertiary Treatment RO (TTRO) plant. (āProject Bā) | ā¹112.77 |
| 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. (āProject Cā) | ā¹124.18 |
| General corporate purposes | ā¹- |
About Vishvaraj Environment IPO
To be updated soon
Vishvaraj Environment IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹693.15 | ā¹562.81 | ā¹96.06 | ā¹1,424.05 |
| 2024 | ā¹1,291.85 | ā¹1068.26 | ā¹165.79 | ā¹1,892.39 |
| 2025 | ā¹1,780.65 | ā¹1424.10 | ā¹266.27 | ā¹3,004.56 |
Vishvaraj Environment IPO Valuation – FY2025
Check Vishvaraj Environment IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 39.80% |
| ROCE: | 24.04% |
| EBITDA Margin: | 24.11% |
| PAT Margin: | 14.95% |
| Debt to equity ratio: | 0.98 |
| Earning Per Share (EPS): | ā¹18.62(Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.59% |
| Net Asset Value (NAV): | ā¹50.89 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| VA Tech Wabag Limited | 47.48 | 31.02 | 13.80 | 344.09 | 3294.00 Cr. |
| ION Exchange India Limited | 17.53 | 23.19 | 17.21 | 101.89 | 2737.11 Cr. |
| Welspun Enterprises Limited | 23.61 | 21.45 | 13.87 | 185.97 | 3584.10 Cr. |
| Enviro Infra Engineers Limited | 11.76 | 21.01 | 17.73 | 66.35 | 1066.06 Cr. |
| EMS Limited | 33.05 | 16.48 | 18.81 | 175.70 | 965.83 Cr. |
| Vishnu Prakash R Punglia Limited | 4.70 | 19.82 | 7.52 | 62.52 | 1237.42 Cr. |
IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.Ā
- Axis Capital Ltd.
- Dam Capital Advisors Ltd.Ā
Company Address
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/
IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vishvaraj.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Vishvaraj Environment IPO FAQs
What is Vishvaraj Environment IPO?
Vishvaraj Environment IPO is Mainboard IPO. The company is going to raise ā¹[.] Crores via IPO. The issue is priced at ā¹[.] to ā¹[.] per equity share. The IPO is to be listed on BSE & NSE.
When Vishvaraj Environment IPO will open for subscription?
The IPO is to open on 2026 for QIB, NII, and Retail Investors. The IPO will close on 2026.
What is Vishvaraj Environment IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Vishvaraj Environment IPO?
You can apply for Vishvaraj Environment IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Vishvaraj Environment IPO Issue Size?
Vishvaraj Environment IPO issue size is ā¹2,250 crores.
What is Vishvaraj Environment IPO Price Band?
Vishvaraj Environment IPO Price Band is ā¹[.] to ā¹[.].
What is Vishvaraj Environment IPO Lot Size?
The minimum bid is [.] Shares with ā¹[.] amount.
What is the Vishvaraj Environment IPO Allotment Date?
Vishvaraj Environment IPO allotment date is 2026.
What is the Vishvaraj Environment IPO Listing Date?
Vishvaraj Environment IPO listing date is 2026. The IPO is to list on BSE & NSE.
Note: The Vishvaraj Environment IPO price band and date are officially announced. The (Vishvaraj Environment IPO grey market premium) will be added to the IPO GMP page as it will start).
