WOG Technologies Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise funds through an initial public offering. The issue comprises a fresh equity issue of up to ₹375 crore and an offer for sale of up to 43.28 lakh shares by existing shareholders.
An integrated environmental engineering and technology company, WOG Technologies provides solutions in water and wastewater treatment, oil separation, recycling, and biogas generation for industrial and municipal clients. The company plans to use the fresh issue proceeds primarily for working capital needs, acquisition of an additional 50% stake in Bell Cooling Towers Private Limited, and general corporate purposes.
The equity shares are proposed to be listed on the BSE and NSE, with Unistone Capital Private Limited acting as the sole book-running lead manager.
