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WOG Technologies files for Indian IPO to raise ₹375 crore, citing strong profit growth and plans to expand.
WOG Technologies has filed draft papers with India’s SEBI for an IPO, seeking to raise ₹375 crore through a fresh share issuance and an offer-for-sale of 43.28 lakh shares.
The company, which provides environmental engineering solutions in water and wastewater management, reported revenue more than doubled to ₹165.43 crore in FY25 and net profit surged to ₹44.24 crore.
Proceeds will fund working capital, acquiring a 50% stake in Bell Cooling Towers, and general corporate needs.
Unistone Capital is the sole merchant banker.
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WOG Technologies presenta una OPI india para recaudar ₹ 375 crores, citando un fuerte crecimiento de las ganancias y planes de expansión.