Vishwaraj Sugar Industries Ltd IPO (Vishwaraj IPO) Detail

Sep 30, 2019 - Oct 4, 2019

Incorporated in 1995, Karnataka-based Vishwaraj Sugar Industries Limited (VSL) is engaged in manufacturing of sugar and other allied products. The other allied products manufactured by the company are Extra-Neutral Spirits, Vinegar, Rectified Spirits, Indian Made Liquor, Carbon dioxide (CO2), and Compost. VSL also generates power from sugars byproducts for captive consumption and commercial sale. Broadly, the business of the company can be divided into five categories, which are Vinegar, Indian Made Liquor (IML), Co-Generation, Distillery, and Sugar. The products of the company such as rectified spirit, ethanol, and extra neutral spirit come in the distillery product segment. The company has laboratories to test the quality standards of the products and reduce the wastage. Every single output and residue from sugarcane juice is used by the company and nothing is wasted. Vishwaraj Sugar Industries has produced 32,170 tonnes of sugar in the last financial year. VSL operates from Belgaum District, Karnataka which is one of the high recovery zones for sugar production in India.

Competitive Strengths

1. Wide product range 2. A diversified but integrated business model 3. Integrated manufacturing unit 4. Principal location of manufacturing unit 5. Captive Power plant

Company Promoters:

Umesh Katti, Ramesh Katti, Nikhil Katti, Lava Katti, Kush Katti, Sheela Katti, Jayashree Katti and Sneha Nithin Dev are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	71,954.96	62,418.63	54,319.99	58,898.53	60,501.20
Total Revenue	30,787.55	26,893.11	32,289.84	40,864.55	34,936.75
Profit After Tax	(1,761.99)	(426.67)	606.25	85.35	(57.68)

Objects of the Issue:

The objects of the net fresh Issue is to raise funds for:

(a) Funding working capital requirement
(b) General corporate purpose

Vishwaraj IPO Details

IPO Opening Date	Sep 30, 2019
IPO Closing Date	Oct 4, 2019
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹55 to ₹60 per equity share
Market Lot	240 Shares
Min Order Quantity	240 Shares
Listing At	BSE, NSE
Issue Size	10,000,000 Eq Shares of ₹10 (aggregating up to ₹60.00 Cr)
Fresh Issue	3,000,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Offer for Sale	7,000,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)

Vishwaraj IPO Tentative Timetable

The Vishwaraj IPO open date is Sep 30, 2019, and the close date is Oct 4, 2019. The issue may list on Oct 16, 2019.

IPO Open Date	Sep 30, 2019
IPO Close Date	Oct 4, 2019
Basis of Allotment Date	Oct 11, 2019
Initiation of Refunds	Oct 14, 2019
Credit of Shares to Demat Account	Oct 15, 2019
IPO Listing Date	Oct 16, 2019

Vishwaraj IPO Lot Size

The Vishwaraj IPO market lot size is 240 shares. A retail-individual investor can apply for up to 13 lots (3120 shares or ₹187,200).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	240	₹14,400
Maximum	13	3120	₹187,200

Vishwaraj IPO Promoter Holding

Pre Issue Share Holding	54.22%
Post Issue Share Holding	32.83%

Vishwaraj IPO Subscription Status (Bidding Detail)

The Vishwaraj IPO is subscribed 1.12x times on Oct 4, 2019 17:00. The public issue subscribed 0.64x in the retail category, 1.00x in the QIB category, and 1.76x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	1.00x
NII	1.76x
RII	0.64x
Total	1.12x

Vishwaraj IPO Prospectus

› Vishwaraj IPO DRHP
› Vishwaraj IPO RHP

Vishwaraj IPO Rating

310

3.7

Rating:

Vote Here ...

Vishwaraj IPO Listing Date

Listing Date	Tuesday, October 15, 2019
BSE Script Code	542852
NSE Symbol	VISHWARAJ
Listing In	T
ISIN	INE430N01014
IPO Price	₹60 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹60.00
₹61.20
₹60.25
₹61.20
₹60.35
807,049

NSE
₹60.00
₹61.20
₹60.25
₹61.50
₹60.35
1,086,937

Vishwaraj IPO Reviews / Ratings

Company Contact Information

Vishwaraj Sugar Industries Ltd
Bellad Bagewadi,
Taluka Hukkeri,
District Belgaum

Phone: +91 8333 251251
Email: info@vsil.co.in
Website: http://vsil.co.in/

Vishwaraj IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Vishwaraj IPO Lead Manager(s)

Aryaman Financial Services limited

Lead Manager Reports

Vishwaraj IPO FAQs

What is Vishwaraj IPO?

Vishwaraj IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹55 to ₹60 per equity share. The minimum order quantity is 240 Shares.

The IPO opens on Sep 30, 2019, and closes on Oct 4, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Vishwaraj IPO will open?

The Vishwaraj IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.
What is the lot size of Vishwaraj IPO?

Vishwaraj IPO lot size is 240 Shares and the minimum order quantity is 240 Shares.
How to apply for Vishwaraj IPO?

You can apply in Vishwaraj IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Vishwaraj IPO allotment?

The finalization of Basis of Allotment for Vishwaraj IPO will be done on Oct 11, 2019, and the allotted shares will be credited to your demat account by Oct 15, 2019. Check the Vishwaraj IPO allotment status.
When is Vishwaraj IPO listing date?

The Vishwaraj IPO listing date is on Tuesday, October 15, 2019.

Vishwaraj IPO Message Board

Ranked Members

43. RAJAKUMAR |Nov 12, 2019 00:03

IPO Guru (1400+ Posts, 1000+ Likes)

Very low equity
Ahmedabad company
Last three positive listing effect second day itself retail and hni quota fully subscribed.
Now retail subscription may be 2 to 3 times. Whenever retail participation is more than hni that counter will not perform well on listing day.

42. Regulagedda Ambica Prasad |Oct 28, 2019 17:51

Top Contributor (200+ Posts, 100+ Likes)

Bought at 60 in open market post listing
No regrets for now

41. MS ASSOCIATE |Oct 15, 2019 14:27

Vishwaraj Sugar Industries Ltd CMP-60.40
Issue Price-60

40. Rahul Popat |Oct 15, 2019 10:08

Top Contributor (200+ Posts, 300+ Likes)

Looking positive history

Pre-open

https://www.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=VISHWARAJBEG&symbol=VISHWARAJ

39. Rahul Popat |Oct 13, 2019 14:12

Top Contributor (200+ Posts, 300+ Likes)

-7--10 gmp for listing as listen

38. Bahadur Singh shekhawat |Oct 11, 2019 22:15

Grey market bhav kya chal raha hai?

37. VinShah |Oct 10, 2019 21:06

Allotment already done..Full allotment in all categories.. So when will listing of gensol??

Load more comments (1 replies)

37.2. Rekha Rawat |Oct 11, 2019 17:58

on Monday, 14th Oct

37.3. VinShah |Oct 11, 2019 18:41

Irctc listing @ Monday but viswaraj may @ Tuesday or Wednesday..

36. KING VINOD |Oct 9, 2019 00:01

IPO Guru (1300+ Posts, 2900+ Likes)

Wishing you and your family all the Success, Wealth, Health and Happiness with the blessings of Goddess Durga matha.

????????HAPPY DUSSEHRA ????????

Best Wishes From:
Vinod & Family.

35. Aniketiaf |Oct 5, 2019 00:13

IPO Guru (1300+ Posts, 8100+ Likes)

The Bharat-22 ETF got a bumper response from Institutional Investors on 3rd oct. The portion reserved for anchor investors received bids for Rs 13,569 crore, more than 27 times of total allotted portion that is 25 per cent of the issue size (Rs 500 crore).
Thanks.

35.1. amit K singh |Oct 6, 2019 20:08

IPO Mentor (600+ Posts, 1100+ Likes)

With due respect Aniket sir, Bharat 22 etf have been under performer in a bull market, better stay away from another public sector khandar.

35.2. Aniketiaf |Oct 6, 2019 23:03

IPO Guru (1300+ Posts, 8100+ Likes)

Again,
The the bunch of many PSU is the main reason of under performance .

34. ???? IPO Janadesh ???? |Oct 4, 2019 08:57

IPO Mentor (900+ Posts, 2300+ Likes)

S.P Tulsian's Advice - Avoid

34.1. ???? IPO Janadesh ???? |Oct 5, 2019 14:20

IPO Mentor (900+ Posts, 2300+ Likes)

Let's see on listing day whether SPT is right or wrong.

34.2. amit K singh |Oct 6, 2019 20:02

IPO Mentor (600+ Posts, 1100+ Likes)

The ipo is so bad that even astrologists are predicting right for a change!!

33. Aniketiaf |Oct 4, 2019 17:04

IPO Guru (1300+ Posts, 8100+ Likes)

Finally a positive news related to this IPO i.e -
S P Tulsian's AVOID rating.

Load more comments (3 replies)

33.4. Prabahar P M |Oct 5, 2019 01:33

That karadiye jaati thuppuna moment (SPT)

33.5. Prabahar P M |Oct 5, 2019 01:33

That karadiye kaari thuppuna moment (SPT)

32. Regulagedda Ambica Prasad |Oct 1, 2019 15:24

Top Contributor (200+ Posts, 100+ Likes)

Response from QIB and NII is positive.
I will watch till noon of last day and decide.

Load more comments (2 replies)

32.3. amit K singh |Oct 2, 2019 09:09

IPO Mentor (600+ Posts, 1100+ Likes)

How come qib applied exactly 1time , that too on first day of ipo open with ipo last day being 4th Oct. We should know who are the qib applying in disguise to trap innocent retail investors? Disgusting ... promotors trap ?

32.4. Regulagedda Ambica Prasad |Oct 4, 2019 15:36

Top Contributor (200+ Posts, 100+ Likes)

Decided not to apply.

31. Viraj. |Oct 4, 2019 12:33

IPO Mentor (700+ Posts, 900+ Likes)

Vishwaraj Sugar Ipo :-
Not a attractive sugar sector last some time..avoid

30. Aditya Hujband |Oct 4, 2019 11:50

No grey market activity.. better to avoid...

29. ???? IPO Janadesh ???? |Oct 4, 2019 11:16

IPO Mentor (900+ Posts, 2300+ Likes)

Chittorgarh updates :

The BSE SME IPO of Tutorials Point is withdrawn a day before its closing date because poor response from investors.

Cheers... Gud lessons taught to greedy promoters.

29.1. ???? IPO Janadesh ???? |Oct 4, 2019 11:18

IPO Mentor (900+ Posts, 2300+ Likes)

Tutorials Point IPO withdrawn yesterday due to poor response from market. Company is now looking for PE funding on direct basis to raise the funds.
Thank you,

Chittorgarh.com Admins

:)

28. Kick |Oct 4, 2019 11:04

People are getting smarter and Avoiding the loss making companies IPO.... Subscription nos proves.... Kudos to All who save their Hard earned Money.

27. sailesh bohra |Oct 3, 2019 14:32

Good to see retail investor have become smarter by not applying in such a bad pricing ipo's . If we keep on ignoring these kind of ipos then soon these bad companies won't get chance to loot innocent investors.

27.1. Medge |Oct 3, 2019 15:48

IPO Mentor (900+ Posts, 1500+ Likes)

true,
in SME also retailers should teach lesson.

26. GrowYourMoney |Oct 1, 2019 12:21

Top Contributor (300+ Posts, 300+ Likes)

Would like to share some very Interesting fact.
Vishvaraj did Road shows for it's IPO in year 2011 or 2012.
That time IPO size was 375 Crs
After 8-9 Years it's reduced to just 60 Crs

Though no recommendation of Subscriptions

26.1. ???? IPO Janadesh ???? |Oct 1, 2019 13:59

IPO Mentor (900+ Posts, 2300+ Likes)

On the way of Galaxy surfactant , KPR Agro & Ircon.

26.2. GrowYourMoney |Oct 1, 2019 14:01

Top Contributor (300+ Posts, 300+ Likes)

IRCON is totally different.

25. DIKSHANK JAIN |Sep 29, 2019 17:19

Should invest or not?

25.1. Aditya Hujband |Sep 30, 2019 12:15

dont invest now... invest only when they post some positive returns...

25.2. DIKSHANK JAIN |Sep 30, 2019 12:54

24. ???? IPO Janadesh ???? |Sep 30, 2019 11:00

IPO Mentor (900+ Posts, 2300+ Likes)

'Jali ko aag kehte hain,
Bhuji ko raakh kehte hain…
Jis raakh se SUGAR bane, usse
' VISHVARAJ ' kehte hain '...

This IPO is a sugary joke only.
GMP should be minus (10)-(15).
Listing below 50 confirm.
15 rupee stock offering at 55.

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