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Vishwaraj Sugar Industries Ltd IPO (Vishwaraj IPO) Detail

September 30, 2019 - October 4, 2019

Vishwaraj IPO is a book built issue of Rs 60.00 crores. The issue is a combination of fresh issue of 0.3 crore shares and offer for sale of 0.7 crore shares.

Vishwaraj IPO bidding started from September 30, 2019 and ended on October 4, 2019. The allotment for Vishwaraj IPO was finalized on Friday, October 11, 2019. The shares got listed on BSE, NSE on October 15, 2019.

Vishwaraj IPO price band is set at ₹55 to ₹60 per share. The minimum lot size for an application is 240 Shares. The minimum amount of investment required by retail investors is ₹14,400.

Aryaman Financial Services Limited is the book running lead manager of the Vishwaraj IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Vishwaraj IPO RHP for detailed information.

Vishwaraj IPO Details

IPO Date September 30, 2019 to October 4, 2019
Listing Date October 15, 2019
Face Value ₹10 per share
Price Band ₹55 to ₹60 per share
Lot Size 240 Shares
Total Issue Size10,000,000 shares
(aggregating up to ₹60.00 Cr)
Fresh Issue3,000,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale7,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Vishwaraj IPO Reservation

Vishwaraj IPO offers 10,000,000 shares. 1,000,000 (10.00%) to QIB, 4,000,000 (40.00%) to NII, 5,000,000 (50.00%) to RII. 20,833 RIIs will receive minimum 240 shares and (sNII) and (bNII) will receive minimum 3,360 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,000,000 (10.00%)NA
NII (HNI) Shares Offered4,000,000 (40.00%)
Retail Shares Offered5,000,000 (50.00%)20,833
Total Shares Offered10,000,000 (100%)

Vishwaraj IPO Timeline (Tentative Schedule)

Vishwaraj IPO opens on September 30, 2019, and closes on October 4, 2019.

IPO Open Date Monday, September 30, 2019
IPO Close Date Friday, October 4, 2019
Basis of Allotment Friday, October 11, 2019
Initiation of Refunds Monday, October 14, 2019
Credit of Shares to Demat Tuesday, October 15, 2019
Listing Date Tuesday, October 15, 2019
Cut-off time for UPI mandate confirmation 5 PM on October 4, 2019

Vishwaraj IPO Lot Size

Investors can bid for a minimum of 240 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 240 ₹14,400
Retail (Max) 13 3120 ₹187,200
Lot Size Calculator

Vishwaraj IPO Promoter Holding

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

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

About Vishwaraj Sugar Industries Ltd

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 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 (Vishwaraj IPO Objectives)

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

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

Vishwaraj IPO Review (Avoid)

[Dilip Davda]  The sugar industry is having a controlled policy and the quota system. Poor financial data is not in line with asking price. Considering this, there is no harm in giving this issue a miss. Read detail review...

Vishwaraj IPO Subscription Status (Bidding Detail)

The Vishwaraj IPO is subscribed 1.12 times on October 4, 2019 5:00:00 PM. The public issue subscribed 0.64 times in the retail category, 1.00 times in the QIB category, and 1.76 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Vishwaraj IPO Prospectus

Vishwaraj IPO Rating

Rating:Rated 3.7 stars
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Vishwaraj IPO Listing Details

Listing Date October 15, 2019
BSE Script Code 542852
ISIN INE430N01014
Final Issue Price ₹60 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Vishwaraj Sugar Industries Ltd Contact Details

Vishwaraj Sugar Industries Ltd
Bellad Bagewadi,
Taluka Hukkeri,
District Belgaum
Phone: +91 8333 251251

Vishwaraj IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Vishwaraj IPO - Buy or Not

Vishwaraj IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 4
Members 0 0 0

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Vishwaraj IPO FAQs

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 share. The minimum order quantity is 240 Shares.

The IPO opens on September 30, 2019, and closes on October 4, 2019.

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

The Vishwaraj IPO opens on September 30, 2019 and closes on October 4, 2019.

Vishwaraj IPO lot size is 240 Shares, and the minimum amount required is ₹14,400.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Vishwaraj IPO will be done on Friday, October 11, 2019, and the allotted shares will be credited to your demat account by Tuesday, October 15, 2019. Check the Vishwaraj IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



43. RAJAKUMAR |   Link |  Bookmark |November 12, 2019 12:03:19 AM (1400+ Posts, 1200+ 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 |   Link |  Bookmark |October 28, 2019 5:51:53 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bought at 60 in open market post listing
No regrets for now
41. MS ASSOCIATE |   Link |  Bookmark |October 15, 2019 2:27:45 PM
Vishwaraj Sugar Industries Ltd CMP-60.40
Issue Price-60
40. Rahul Popat |   Link |  Bookmark |October 15, 2019 10:08:20 AM (200+ Posts, 400+ Likes)
Looking positive history

39. Rahul Popat |   Link |  Bookmark |October 13, 2019 2:12:26 PM (200+ Posts, 400+ Likes)
-7--10 gmp for listing as listen
38. Bahadur Singh shekhawat |   Link |  Bookmark |October 11, 2019 10:15:36 PM
Grey market bhav kya chal raha hai?
37. VinShah |   Link |  Bookmark |October 10, 2019 9:06:54 PM
Allotment already done..Full allotment in all categories.. So when will listing of gensol??
37.2. Rekha Rawat |   Link |  Bookmark |October 11, 2019 5:58:48 PM
on Monday, 14th Oct
37.3. VinShah |   Link |  Bookmark |October 11, 2019 6:41:44 PM
Irctc listing @ Monday but viswaraj may @ Tuesday or Wednesday..
36. KING VINOD |   Link |  Bookmark |October 9, 2019 12:01:41 AM
IPO Guru IPO Guru (2400+ Posts, 5000+ 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 |   Link |  Bookmark |October 5, 2019 12:13:11 AM (1800+ Posts, 10200+ 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).
35.1. amit K singh |   Link |  Bookmark |October 6, 2019 8:08:33 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ 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 |   Link |  Bookmark |October 6, 2019 11:03:46 PM (1800+ Posts, 10200+ Likes)
The the bunch of many PSU is the main reason of under performance .
34. ???? IPO Janadesh ???? |   Link |  Bookmark |October 4, 2019 8:57:14 AM
S.P Tulsian's Advice - Avoid
34.1. ???? IPO Janadesh ???? |   Link |  Bookmark |October 5, 2019 2:20:44 PM
Let's see on listing day whether SPT is right or wrong.
34.2. amit K singh |   Link |  Bookmark |October 6, 2019 8:02:32 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
The ipo is so bad that even astrologists are predicting right for a change!!
33. Aniketiaf |   Link |  Bookmark |October 4, 2019 5:04:13 PM (1800+ Posts, 10200+ Likes)
Finally a positive news related to this IPO i.e -
S P Tulsian's AVOID rating.
33.4. Prabahar P M |   Link |  Bookmark |October 5, 2019 1:33:28 AM
That karadiye jaati thuppuna moment (SPT)
33.5. Prabahar P M |   Link |  Bookmark |October 5, 2019 1:33:57 AM
That karadiye kaari thuppuna moment (SPT)
32. Regulagedda Ambica Prasad |   Link |  Bookmark |October 1, 2019 3:24:09 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Response from QIB and NII is positive.
I will watch till noon of last day and decide.
32.3. amit K singh |   Link |  Bookmark |October 2, 2019 9:09:26 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ 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 |   Link |  Bookmark |October 4, 2019 3:36:45 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Decided not to apply.
31. Viraj. |   Link |  Bookmark |October 4, 2019 12:33:39 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Vishwaraj Sugar Ipo :-
Not a attractive sugar sector last some time..avoid
30. Aditya Hujband |   Link |  Bookmark |October 4, 2019 11:50:59 AM
No grey market activity.. better to avoid...
29. ???? IPO Janadesh ???? |   Link |  Bookmark |October 4, 2019 11:16:28 AM
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 ???? |   Link |  Bookmark |October 4, 2019 11:18:54 AM
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, Admins

28. Kick |   Link |  Bookmark |October 4, 2019 11:04:23 AM
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 |   Link |  Bookmark |October 3, 2019 2:32:11 PM
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 |   Link |  Bookmark |October 3, 2019 3:48:06 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
in SME also retailers should teach lesson.
26. GrowYourMoney |   Link |  Bookmark |October 1, 2019 12:21:04 PM
Top Contributor Top Contributor (300+ Posts, 400+ 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 ???? |   Link |  Bookmark |October 1, 2019 1:59:49 PM
On the way of Galaxy surfactant , KPR Agro & Ircon.
26.2. GrowYourMoney |   Link |  Bookmark |October 1, 2019 2:01:39 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
IRCON is totally different.
25. DIKSHANK JAIN |   Link |  Bookmark |September 29, 2019 5:19:15 PM
Should invest or not?
25.1. Aditya Hujband |   Link |  Bookmark |September 30, 2019 12:15:49 PM
dont invest now... invest only when they post some positive returns...
25.2. DIKSHANK JAIN |   Link |  Bookmark |September 30, 2019 12:54:13 PM
24. ???? IPO Janadesh ???? |   Link |  Bookmark |September 30, 2019 11:00:32 AM
'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.