Integrated environmental solutions provider WOG Technologies Limited has moved closer to a public listing after filing its DRHP with SEBI.
The public issue will include a ₹375-crore fresh issue of equity shares and an offer for sale of over 4.3 million equity shares by current shareholders. The company plans to list on both the BSE and NSE.
As per the draft prospectus, the company proposes to deploy the net proceeds from the fresh issue to fund working capital requirements, acquire an additional 50% equity stake in Bell Cooling Towers Private Limited, and meet general corporate expenses.
The company’s business spans wastewater treatment, effluent management, oil separation, water recycling, and supplementary biogas generation, with operations supported by subsidiaries in India and Singapore.
