Fixed Price IPO | ₹33 Cr | Listed at BSE, NSE | Mon, Nov 29, 2004 - Fri, Dec 3, 2004
Dwarikesh Sugar Industries IPO is a fixed issue price of ₹32.53 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹32.53 crore.
Dwarikesh Sugar Industries IPO bidding started from Nov 29, 2004 and ended on Dec 3, 2004. The shares got listed on NSE and BSE on Dec 31, 2004.
Dwarikesh Sugar Industries IPO is set final issue price at ₹65 per share.
Standard Chartered Securities (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Nov 29, 2004
IPO Close
Fri, Dec 3, 2004
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹81.67 Cr
| IPO Date | 29 Nov to 3 Dec, 2004 |
| Listed on | Fri, Dec 31, 2004 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 50,04,285 shares (agg. up to ₹33 Cr) |
| Fresh Issue | 50,04,285 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 75,60,391 shares |
| Share Holding Post Issue | 1,25,64,676 shares |
| BSE Script Code / NSE Symbol | 532610 / DWARKESH |
| ISIN | INE366A01033 |
DWARIKESH SUGAR INDUSTRIES IPO comprises a total issue size of 50,00,000 shares. The net offer to the public is 45,00,000 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 22,50,000 (50.00%) allocated to NII 22,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,50,000 | 50.00% | 45.00% |
| Retail Shares Offered | 22,50,000 | 50.00% | 45.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 5,00,000 | 10.00% | |
| Total Shares Offered | 50,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1993, Dwarikesh Sugar Industries Limited is an integrated sugar manufacturing company engaged in the production of sugar, ethanol, and power generation. The company was and is part of the Dwarikesh Group, which operates primarily in the agro-based and sugar industries.
The company operates modern sugar mills mainly in the state of Uttar Pradesh and produces refined sugar along with by-products such as molasses and bagasse. Using bagasse, the company also generates co-generation power, some of which is supplied to state electricity grids. In addition, Dwarikesh Sugar Industries manufactures industrial alcohol and ethanol, supporting India’s ethanol blending program.
The company focuses on efficient sugar recovery, modernization of manufacturing facilities, and integrated operations across sugar, distillery, and power businesses. Its business performance is influenced by sugar production cycles, government policies, ethanol demand, and agricultural output.
| Period Ended | 30 Sep 2004 | 30 Sep 2003 | 30 Sep 2002 | 30 Sep 2001 | 30 Sep 2000 |
|---|---|---|---|---|---|
| Assets | 118.04 | 130.38 | 105.98 | 111.23 | 114.23 |
| Total Income | 120.25 | 110.43 | 106.71 | 95.95 | 98.94 |
| Profit After Tax | 9.76 | 2.06 | 1.02 | 2.33 | 9.57 |
| EBITDA | 28.88 | 15.39 | 13.87 | 16.36 | 22.65 |
| NET Worth | 38.98 | 36.52 | 40.83 | 40.90 | 45.06 |
| Reserves and Surplus | 30.32 | 22.86 | 27.17 | 27.24 | 35.04 |
| Total Borrowing | 58.76 | 81.16 | 58.49 | 64.76 | 62.86 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Building and Civil works | 7.70 |
| 2 | Plant & Machinery | 21.96 |
| 3 | Utilities & Misc. Fixed Assets | 3.86 |
| 4 | Preoperative expenses | 0.61 |
| 5 | Public Issue Expenses | 2.70 |
| 6 | Contingencies | 1.67 |
| Total | 38.50 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 25.04% | 25.04% |
| Price to Book Value | 1.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.36% | 54.39% |
| Market Cap | ₹81.67 Cr. |
The Dwarikesh Sugar Industries IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 21.50 | 50,00,000 | 10,74,85,900 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers / Registrars / Legal Advisor / Auditors Fees | 0.36 |
| 2 | Advertisement, Publicity, Conferences and other Marketing expenses | 0.65 |
| 3 | Printing & Despatch of Issue stationary, Postage of Refunds etc. | 0.60 |
| 4 | Brokerage & Underwriting Commission | 0.89 |
| 5 | Listing Fees, Stamp Duty, SEBI Fees and Miscellaneous Expenses | 0.19 |
| Total | 2.70 |
| Price Details |
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Lead Manager Reports
Dwarikesh Sugar Industries IPO is a main-board IPO of 50,04,285 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹65 per share. The minimum order quantity is .
The IPO opens on Mon, Nov 29, 2004, and closes on Fri, Dec 3, 2004.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dwarikesh Sugar Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Dwarikesh Sugar Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dwarikesh Sugar Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dwarikesh Sugar Industries IPO opens on Mon, Nov 29, 2004 and closes on Fri, Dec 3, 2004.
Dwarikesh Sugar Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dwarikesh Sugar Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dwarikesh Sugar Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dwarikesh Sugar Industries IPO allotment status.
The Dwarikesh Sugar Industries IPO listing date is on .
