214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Vishvaraj Environment Limited IPO Analysis

Vishvaraj Environment IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to ESG - Waste sector. Axis Capital , Dam Capital Advisors (Formerly Idfc Securities ) , Jm Financial are the merchant bankers of Vishvaraj Environment IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th September 2025.

Vishvaraj Environment IPO posted revenues of ₹ 1,758.71 Cr. and PAT of ₹ 266.27 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,758.71 Cr.
            EBITDA: ₹ 423.96 Cr.
            PAT: ₹ 266.27 Cr.
  • EBITDA Margin: 24.11 %
            Pat Margin: 15.14 %
  • Net Worth: ₹ 722.64 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 2.12 times
Nature of IPO : MainBoard Upcoming
Exchange : BSE,NSE
IPO Type : Book Building

Vishvaraj Environment IPO Financial Performance (Restated)

Financial results of Vishvaraj Environment IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23
Balance Sheet
Assets 3004.56 1892.38 1424.05
Net Worth 722.64 518.68 396.29
Total Debt 1000.99 490.16 530.59
Profit & Loss
Revenue
Revenue on annualised basis
1758.71 1255.44 669.99
EBITDA
EBITDA on annualised basis
423.96 268.61 161.83
PAT
PAT on annualised basis
266.27 165.79 96.06
Financials
FY25
FY24
FY23
Balance Sheet
Assets
3,004.56
1,892.38
1,424.05

Net Worth
722.64
518.68
396.29

Total Debt
1,000.99
490.16
530.59

Profit & Loss
Revenue
Revenue on annualised basis
1,758.71
1,758.71
1,255.44
669.99

EBITDA
EBITDA on annualised basis
423.96
423.96
268.61
161.83

PAT
PAT on annualised basis
266.27
266.27
165.79
96.06

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Vishvaraj Environment IPO Key performance Indicators (KPI)

Vishvaraj Environment IPO PAT Margin is 15.14 % , ROCE (Return on Capital Employed) is 24.04 % as per latest financial. The below table shows Vishvaraj Environment IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23
EBITDA Margin (%) 24.11 21.40 24.15
PAT Margin (%) 15.14 13.21 14.34
EPS (₹) 18.62 11.53 6.94
ROE (%) 36.85 31.96 24.24
ROCE (%) 24.04 26.81 18.07
ROA (%) 8.86 8.76 6.75
Debt to Equity 1.39 0.95 1.34
Particulars
FY25
FY24
FY23

EBITDA Margin (%)
24.11
21.40
24.15

PAT Margin (%)
15.14
13.21
14.34

EPS (₹)
18.62
11.53
6.94

ROE (%)
36.85
31.96
24.24

ROCE (%)
24.04
26.81
18.07

ROA (%)
8.86
8.76
6.75

Debt to Equity (x)  
1.39
0.95
1.34

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Vishvaraj Environment IPO Valuation Metrics

The market Capitalisation of Vishvaraj Environment IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
50.89

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Vishvaraj Environment prospectus?

The Vishvaraj Environment IPO prospectus highlights an Return on Equity (ROE) of 36.85 % , Return on Assets (ROA) of 8.86 %, and an EBITDA Margin of 24.11 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Vishvaraj Environment IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Vishvaraj Environment IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Vishvaraj Environment IPO ?

The post-IPO market capitalisation of Vishvaraj Environment IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Vishvaraj Environment IPO?

The Vishvaraj Environment IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Vishvaraj Environment IPO?

Vishvaraj Environment IPO reported revenue of ₹ 1758.71 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Vishvaraj Environment IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Vishvaraj Environment IPO?

Vishvaraj Environment recorded an EBITDA of ₹ 423.96 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Vishvaraj Environment IPO?

Vishvaraj Environment Profit After Tax (PAT) is ₹ 266.27 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,758.71 Cr.
            EBITDA: ₹ 423.96 Cr.
            PAT: ₹ 266.27 Cr.
  • EBITDA Margin: 24.11 %
            Pat Margin: 15.14 %
  • Net Worth: ₹ 722.64 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Vishvaraj Environment operates in ESG - Waste and Developer Of Water Utility And Wastewater Management Projects In India, With A Specialized Focus On Recycling Treated Sewage Water For Industrial Applications. The Issue is listed on BSE,NSE in Oct, 2025. Vishvaraj Environment IPO size was with Issue price of .

Merchant Banker(s) of Vishvaraj Environment IPO: Axis Capital Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , Jm Financial Limited

Vishvaraj Environment IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Vishvaraj Environment IPO listed at a listing price of against the offer price of .

The current market price of Vishvaraj Environment is .

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