Vishvaraj Environment Limited has raised ₹2,250 crore from an initial public offering comprising a fresh issue of ₹1,250 crore and offer for sale by the Promoter Selling Shareholder of upto ₹1,000 crore.
AZB & Partners advised Vishvaraj on this IPO, according to the DRHP.
Khaitan & Co advised the Book Running Lead Managers i.e., JM Financial Limited, Axis Capital Limited and DAM Capital Advisors, on this IPO.
The transaction team consisted of Madhur Kohli (Partner), Vaibhav Mittal (Partner), Varshini Puni (Senior Associate), Dhananjay Sreeram (Associate), Mythri Murali (Associate), Nibha Yadav (Associate), Reshmi Prabhakar (Associate), Tejas Kothari (Associate), Vanshika Singh (Associate).
Vishvaraj is a leading developer of water utility and wastewater management projects in India, with a strong focus on recycling treated sewage water for industrial use. The Company is an ESG-focused water utility and social enterprise committed to water sustainability, wastewater treatment, and reuse.
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