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Learn about WOG Technologies Limited's Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
WOG Technologies Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering (IPO). The company operates in the information technology (IT) and software services sector, offering software development, IT consulting, and technology solutions to clients across various industries.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
WOG Technologies Limited filed its DRHP with SEBI in December 2025, marking the formal initiation of its IPO process. The filing is currently under regulatory review, with SEBI’s observations and approvals expected to determine the next stages. These include the publication of the Red Herring Prospectus (RHP) and the announcement of the issue dates. The equity shares are proposed to be listed on both the NSE and BSE, subject to regulatory clearances.
According to the DRHP, the IPO will include the following components:
| Parameter | Details |
|---|---|
Issue Type |
Fresh issue of equity shares and an Offer for Sale (OFS) by existing shareholders |
Face Value |
₹10 per equity share |
Issue Size |
To be determined post-price discovery; fresh issue and OFS components will be finalised in the RHP |
Price Band |
To be announced in the RHP |
Book Running Lead Manager |
To be confirmed |
Registrar to the Issue |
KFin Technologies Ltd. |
Remarks |
These disclosures are indicative at the DRHP stage and may change based on SEBI observations and final approvals |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
WOG Technologies Limited specialises in software development services, IT consulting, and technology solutions. The company serves clients across multiple sectors, including finance, healthcare, e-commerce, and manufacturing. Its portfolio includes end-to-end software development, custom application development, IT infrastructure services, and technology consulting designed to help clients undergo digital transformation initiatives.
The company has built a strong client base and is positioned to leverage India’s expanding IT and software services market. With established development capabilities, WOG Technologies focuses on providing scalable, cost-effective technology solutions tailored to meet the unique needs of each client.
As per the DRHP, the company intends to utilise the proceeds from the IPO primarily for the following purposes:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Technology Infrastructure |
120.00 |
Investment in software development tools, IT systems, and development centers. |
Human Resources Expansion |
50.00 |
Talent acquisition, employee training, and skill development programs. |
Working Capital Requirements |
40.00 |
Support for business expansion and client project funding. |
Debt Repayment |
30.00 |
Repayment of existing debt to strengthen financial position and reduce borrowing costs. |
General Corporate Purposes |
Balance |
Brand building, market expansion, and strategic operational flexibility. |
These objectives are intended to strengthen the company’s technical capabilities and workforce capacity.
The DRHP provides a snapshot of WOG Technologies Limited’s financial performance in recent years.
| Fiscal Year / Period | Revenue (₹ crore) | EBITDA (₹ crore) | PAT (₹ crore) | Key Highlights |
|---|---|---|---|---|
FY24 |
As per DRHP |
As per DRHP |
As per DRHP |
Detailed consolidated financials available in DRHP |
FY25 |
As per DRHP |
As per DRHP |
As per DRHP |
Full audited financial statements in official reports |
H1 FY26 |
As per DRHP |
As per DRHP |
As per DRHP |
Interim period performance reflected in DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
December 2025 |
DRHP filed for public disclosure; detailed financials and prospectus information are now available. |
SEBI observations |
Awaited |
SEBI will provide observations on DRHP filing; company to address regulatory requirements. |
SEBI approval for the IPO |
Awaited |
Regulatory approval expected post-DRHP review. Approval valid for 12 months from approval date. |
Red Herring Prospectus (RHP) |
Awaited |
Final RHP with price band to be filed post-SEBI approval. |
IPO Opening Date |
To be announced |
Final bidding dates to be announced once SEBI approval is received. |
IPO Closing Date |
To be announced |
Closing date to be announced by the company and merchant bankers. |
Allotment of Shares |
To be announced |
Share allotment expected post-closing after bidding process completion. |
Listing on BSE/NSE |
To be announced |
Listing expected on both exchanges after allotment and regulatory formalities. |
Note: Investors should refer to official filings for final IPO dates to learn more about WOG Technologies Limited IPO listing details and price, and listing timelines.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
WOG Technologies Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in December 2025, marking the official initiation of the company’s initial public offering (IPO) journey in India.
The total issue size of WOG Technologies Limited’s IPO will include both a fresh issue and an offer for sale (OFS) component, with the final amount to be determined following the price discovery process.
The exact ratio between the fresh issue and the offer for sale (OFS) in WOG Technologies Limited’s IPO will be detailed in the Red Herring Prospectus (RHP) after final pricing and structure are approved.
WOG Technologies Limited plans to utilise IPO proceeds to upgrade technology infrastructure, strengthen its workforce, meet working capital needs, reduce debt obligations, and fund general corporate objectives supporting operational requirements and planned initiatives.
The subscription window for WOG Technologies Limited’s IPO will open after SEBI grants its approval, with exact dates to be disclosed through official regulatory announcements and stock exchange notifications closer to the launch.
The listing of WOG Technologies Limited’s shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will occur after the completion of the IPO process, including bidding, allotment, and regulatory clearances.
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