• Issue Size: It is fresh issue of  7,500,000 Equity Shares of face value of Rs. 10.
• Price Range:The range of prices for each equity share is Rs. 279 to Rs. 294.
• Issue Type: The IPO is a book built issue type.
• Listing Date: The IPO subscription begins from 22^nd January, 2025 and ends on 24^th January, 2025.
• Stock Exchange: The IPO is going to be listed on NSE and BSE
• Listing Date: 29th January 2025

The company through this IPO aims to utilize the net proceeds to meet working capital requirement and capital for general corporate purpose and strategic business developments.

The table below (in lakhs) stipulates the financial performance of the company over the last 3 fiscal years and up-till September 30, 2024.

Water is the most important necessity to live and with the increase in Urbanization in India over the coming years water scarcity, dirty water and lack of water management to water quality would become huge problem endangering public health. 

In India treatment of wastewater (domestic sewage) has been lagging compared to the growing urban population, India's present water treatment capacity is 27.3% and its sewage treatment capacity is 18.6%. India's population is predicted to surpass 1.5 billion people by 2050, with an annual growth rate of 1.9%. The Planning Commission of Government of India has estimated the water demand from 710 BCM in 2010 to about 1180 BCM in 2050 with domestic and industrial water consumption expected to increase almost 2.5 times in the years to come. 

The Global water supply and demand is also predicted to increase to 40% by 2030. The India Water and Wastewater Treatment market is projected to grow at a CAGR of 6.20% in terms of value to reach USD 23,849.806 Million in 2033 from USD 13,101.158 Million in 2023. and South India is expected to have a major share in the water and wastewater treatment market with a CAGR of 6.24% in terms of value.

• The company has been providing water-related solutions in the country since 2016 and is engaged with many state projects with the e-Government of Katakana for water management and solutions schemes and has made a long-standing relationship.
• The company played a vital role in developing the KC Valley project, which made Bengaluru the second-largest city globally in terms of treated wastewater quantity. It is also  involved with the central government project of ‘Jal Jeevan Mission.’
• The company's profits show profitable returns over the years and this is reflected by the amount of work the company is engaged with, as of 30th November, 2024. The company has acquired direct contracts (as a consortium partner) for ₹7,740 million, independent direct contracts for ₹469.97 million, and subcontracts for ₹4,657.19 million in GWR projects.

• The company’s major revenue is generated from the government clients that increased 18.25% in 2023 to 52.04% in 2024,  any failure to maintain this client-age could adversely effect the business operation, financial condition and results of operations.
• The company majorly works on projects awarded through contracts and any failure to secure new contracts may adversely affect the business operations.
• The company can or may face delays in completion of projects which may also adversely effect the business operations.
• One of the company’s promoters, Mr. C Mruthyunjaya Swamy who worked as a secretary of the Public Works Department, Karnataka, was subjected to allegations of corruption and was eventually disposed of after the scrutiny of Lokayukta Police, Bangalore and Enforcement Directorate.
• The company has pending litigation against one of its promoter Promoter, Sowbhagyamma any adverse outcome of the legal decision may also effect business, results of operations and financial condition.

With drastic increases in population and urbanization the supply and demand of water is also predicted to increase to 40% by 2030 globally.

The Indian Water and Wastewater Treatment market is projected to grow at a CAGR of 6.20%  and the Indian government's  ‘Jal Jeevan Mission’ which the company is involved with also aims to provide water to all rural areas. All these things add up to the revenue of the company which seems to be a positive indicator.

The union budget is also projected to invest an adequate amount in water related projects.

This IPO is in the industry that is going to increase in the long term and prospective investors should carefully compare and assess the risks given in the RHP prospectus before investing.

With drastic increases in population and urbanization the supply and demand of water is also predicted to increase to 40% by 2030 globally. 

The Indian Water and Wastewater Treatment market is projected to grow at a CAGR of 6.20%  and the Indian government's  ‘Jal Jeevan Mission’ which the company is involved with also aims to provide water to all rural areas. All these things add up to the revenue of the company which seems to be a positive indicator.

The union budget is also projected to invest an adequate amount in water related projects.

This IPO is in the industry that is going to increase in the long term and prospective investors should carefully compare and assess the risks given in the RHP prospectus before investing.