29 Sep 2025 | 5 Mins Read
Vishvaraj Environment files Rs 2,250 crore IPO draft paper
Flipitmoney
Vishvaraj Environment plans to raise up to Rs 2,250 crore via an IPO, issuing fresh shares worth Rs 1,250 crore and offloading Rs 1,000 crore by promoter entity Premier Financial Services. The company will utilise proceeds for debt repayment, projects, and general corporate purposes. It recorded 60.6% profit growth in fiscal year 2025 and is competing with listed peers like VA Tech Wabag.