WOG Technologies Limited has filed draft IPO documents with SEBI, detailing plans to raise capital through a combination of fresh issuance and secondary share sale.
The proposed IPO comprises a fresh issue of equity shares amounting to ₹375 crore and an offer for sale of 4,328,000 shares by selling shareholders. The equity shares will be listed on the NSE and BSE.
The company stated that proceeds from the fresh issue will be used to fund working capital needs estimated at ₹220 crore, acquire additional ownership in Bell Cooling Towers Private Limited, and for general corporate purposes.
WOG Technologies operates as an environmental engineering company delivering customised water and wastewater treatment solutions and providing long-term operation and maintenance services, with overseas execution supported by its Singapore-based subsidiaries.
