Vishvaraj Environment IPO - Date, Price Band & Details

Founded in 2008 by Arun Lakhani, Vishvaraj Environment Limited (VEL) has established itself as an innovative pioneer within India’s water utility and wastewater management landscape. Headquartered in Nagpur, Maharashtra, the company has spent nearly two decades tackling urban water scarcity by turning treated sewage water into a valuable industrial resource, famously executing India’s first-ever 24x7 municipal water distribution project in Nagpur.

The operational framework of Vishvaraj relies on an integrated, asset-heavy infrastructure model. Spanning over 30 cities, the company manages a robust network of 30 water treatment plants and 60 sewage treatment plants with a massive combined treatment capacity exceeding 3,700 MLD (million liters per day). Operating through dynamic public-private partnership (PPP) and hybrid annuity models (HAM), VEL actively collaborates with major municipal corporations, power utilities, and government bodies across Maharashtra, Karnataka, and Uttar Pradesh. Recently, the firm successfully diversified into green energy by developing 201 MW of solar photovoltaic projects to fuel its energy-intensive treatment lines sustainably.

Led by a veteran management team, Vishvaraj Environment recorded a strong operational revenue of ₹1,759 crore for Fiscal 2025, supported by a healthy ₹16,011 crore order book. To expand its high-tech recycling facilities and pay down structural debts, the company has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹2,250 crore mainboard public listing on the NSE and BSE. This milestone underscores its journey from a regional utility developer into a pillar of India's green infrastructure future.