Vishvaraj Environment Ltd - IPO

Vishvaraj Environment Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs.5/- each (the equity shares) of Vishvaraj Environment Limited (the company or the company or the issuer) for cash at a price of Rs.[*] per equity share (including a share premium of Rs. [*] per equity share) (the offer price) aggregating up to Rs. 2250.00 crores (the offer) comprising a fresh issue of up to [*] equity shares of face value of Rs.5/- each aggregating up to Rs. 1250.00 crores by the company (the fresh issue) and an offer for sale of up to [*] equity shares of face value of Rs.5/- each (offered shares) aggregating up to Rs.1000.00 crores by Premier Financial Services Private Limited (the offer for sale, and such shareholder offering the portion of the offered shares is referred to as the promoter selling shareholder). The offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employee(s) (the employee reservation portion). The company, in consultation with the book running lead managers (brlms), may offer a discount of up to [*]% (equivalent of Rs. [*] per equity share to the offer price to eligible employee(s) bidding in the employee reservation portion (employee discount), subject to necessary approvals, as may be required. The offer less the employee reservation portion is hereinafter referred to as net offer. The offer and net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 250.00 crores prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The company shall report any pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement (in part or in entirety) in accordance with regulation 54 of sebi icdr regulations. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of the equity shares is Rs.5/- each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

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 the subsidiaries.. Funding of capital expenditure through investment in its 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. (Project A). Funding of capital expenditure through investment in our subsidiary, Bhusawal Waste Water Management Private Limited to Design, Build, Finance, Operate and Transfer (DBFOT). Funding of capital expenditure to build a 30 MW (AC) aggregate solar photovoltaic power generating solutions under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY). General corporate purposes.

Vishvaraj Environment Ltd Contact Details

Vishvaraj Environment Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@vishvaraj.in

Website - www.vishvaraj.in