Vishvaraj Environment plans ₹2,250 crore IPO

Business Sep 29, 2025

Vishvaraj Environment, based in Maharashtra, is gearing up for a ₹2,250 crore IPO to fuel its next phase of growth.
The plan includes a fresh share issue of ₹1,250 crore and an offer-for-sale worth ₹1,000 crore by its promoter.
There's also a chance they'll raise another ₹250 crore through a pre-IPO round.

Proceeds to go toward debt repayment, project expansion

Most of the funds will help pay off existing debt—₹545 crore out of a total debt of ₹1,278.5 crore (as of September 2024).
The rest is set aside for expanding wastewater treatment projects, investing in solar power, and general corporate purposes.
Vishvaraj posted strong numbers too: profits jumped over 60% to ₹266.3 crore and revenue climbed 40% to ₹1,758.7 crore in FY25.