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WOG Applied sciences has filed preliminary papers with the capital markets regulator, Sebi, to boost funds by means of an preliminary public providing (IPO) comprising a contemporary concern of shares price ₹375 crore.
Other than the contemporary concern, there might be an offer-for-sale (OFS) element of 43.28 lakh fairness shares by promoters and current shareholders, in response to the draft crimson herring prospectus (DRHP) filed on Sunday.
The corporate will utilise the proceeds from the contemporary concern to fulfill its working capital necessities, purchase the remaining 50% stake in Bell Cooling Towers, and for normal company functions.
WOG Applied sciences is an environmental engineering and know-how agency that gives options to industrial and municipal shoppers throughout water and wastewater administration. Its companies embrace water therapy, oil separation, wastewater recycling and biogas era.
The corporate undertakes end-to-end challenge execution, masking design, engineering, procurement, set up, and operations of customised wastewater and effluent therapy methods, in addition to water-recycling infrastructure.
WOG Applied sciences is a part of the WOG Group, which was based in 2010.
On the monetary entrance, the corporate’s income from operations greater than doubled to ₹165.43 crore in FY25, from ₹82.18 crore in FY24. Internet revenue additionally rose sharply to ₹44.24 crore in FY25 from ₹2.79 crore in FY24.
Unistone Capital has been appointed as the only real service provider banker for the proposed preliminary public providing.
Printed – December 30, 2025 01:39 am IST
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