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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

Issue OpenSep 30, 2019 - Oct 4, 2019
Issue TypeBook Built Issue IPO
Issue Size10,000,000 Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Fresh Issue3,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale7,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹55 - ₹60 Per Equity Share
Market Lot240 Shares
Min Order Quantity240 Shares
Listing AtBSE, NSE

Vishwaraj IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 30, 2019
Bid/Offer Closes OnOct 4, 2019
Finalisation of Basis of AllotmentOct 11, 2019
Initiation of RefundsOct 14, 2019
Credit of Shares to Demat AcctOct 15, 2019
IPO Shares Listing DateOct 16, 2019

Vishwaraj IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1240₹14,400
Maximum133120₹187,200

Vishwaraj IPO Promoter Holding

Pre Issue Share Holding54.22%
Post Issue Share Holding32.83%

Vishwaraj IPO Subscription Status (Bidding Detail)

Vishwaraj IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,000,000

4,000,000

5,000,000

10,000,000

Oct 4, 2019 17:00

1.00x

1.76x

0.64x

1.12x

Vishwaraj IPO Prospectus

Vishwaraj IPO Rating

310
3.7
Rating:Rated 3.7 stars

Vote Here ...

Vishwaraj IPO Listing Date

Listing DateTuesday, October 15, 2019
BSE Script Code542852
NSE SymbolVISHWARAJ
Listing InT
ISININE430N01014
Issue Price₹60 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue 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

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 FAQs

  1. 1. What is Vishwaraj IPO?

    Vishwaraj IPO is an main-board initial public offering of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores.

    The issue price of the IPO is ₹55 - ₹60 Per Equity Share. The minimum order quantity is 240 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Vishwaraj IPO will open?

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

  3. 3. How to apply for Vishwaraj IPO?

    Vishwaraj IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Vishwaraj IPO listing date?

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

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Vishwaraj IPO Review / Comments

MS ASSOCIATE
41. MS ASSOCIATE  Oct 15, 2019 13:27 I Like It. 3 | Report Abuse Reply
Vishwaraj Sugar Industries Ltd CMP-60.40
Issue Price-60
Rahul Popat
39. Rahul Popat  Oct 13, 2019 13:12 I Like It. 1 | Report Abuse Reply
-7--10 gmp for listing as listen
Bahadur Singh shekhawat
38. Bahadur Singh shekhawat  Oct 11, 2019 21:15 I Like It. | Report Abuse Reply
Grey market bhav kya chal raha hai?
VinShah
37. VinShah  Oct 10, 2019 20:06 I Like It. 2 | Report Abuse Reply
Allotment already done..Full allotment in all categories.. So when will listing of gensol??
Rekha Rawat
37.2. Rekha Rawat  Oct 11, 2019 16:58 I Like It. 1 | Report Abuse
on Monday, 14th Oct
VinShah
37.3. VinShah  Oct 11, 2019 17:41 I Like It. | Report Abuse
Irctc listing @ Monday but viswaraj may @ Tuesday or Wednesday..
KING VINOD
36. KING VINOD  Oct 8, 2019 23:01 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Wishing you and your family all the Success, Wealth, Health and Happiness with the blessings of Goddess Durga matha.

πŸ’πŸ’HAPPY DUSSEHRA πŸ’πŸ’

Best Wishes From:
Vinod & Family.
Aniketiaf
35. Aniketiaf  Oct 4, 2019 23:13 I Like It. 7 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 5100+ 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.
amit K singh
35.1. amit K singh  Oct 6, 2019 19:08 I Like It. 3 | Report Abuse
With due respect Aniket sir, Bharat 22 etf have been under performer in a bull market, better stay away from another public sector khandar.
Aniketiaf
35.2. Aniketiaf  Oct 6, 2019 22:03 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 5100+ Likes)
Again,
The the bunch of many PSU is the main reason of under performance .
πŸ‘‰ IPO Janadesh πŸ’ƒ
34. πŸ‘‰ IPO Janadesh πŸ’ƒ  Oct 4, 2019 07:57 I Like It. 10 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
S.P Tulsian's Advice - Avoid
πŸ‘‰ IPO Janadesh πŸ’ƒ
34.1. πŸ‘‰ IPO Janadesh πŸ’ƒ  Oct 5, 2019 13:20 I Like It. 6 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Let's see on listing day whether SPT is right or wrong.
amit K singh
34.2. amit K singh  Oct 6, 2019 19:02 I Like It. 3 | Report Abuse
The ipo is so bad that even astrologists are predicting right for a change!!
Aniketiaf
33. Aniketiaf  Oct 4, 2019 16:04 I Like It. 8 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 5100+ Likes)
Finally a positive news related to this IPO i.e -
S P Tulsian's AVOID rating.
Prabahar P M
33.4. Prabahar P M  Oct 5, 2019 00:33 I Like It. | Report Abuse
That karadiye jaati thuppuna moment (SPT)
Prabahar P M
33.5. Prabahar P M  Oct 5, 2019 00:33 I Like It. 1 | Report Abuse
That karadiye kaari thuppuna moment (SPT)
Regulagedda Ambica Prasad
32. Regulagedda Ambica Prasad  Oct 1, 2019 14:24 I Like It. | Report Abuse Reply
Response from QIB and NII is positive.
I will watch till noon of last day and decide.
amit K singh
32.3. amit K singh  Oct 2, 2019 08:09 I Like It. 5 | Report Abuse
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 ?
Regulagedda Ambica Prasad
32.4. Regulagedda Ambica Prasad  Oct 4, 2019 14:36 I Like It. | Report Abuse
Decided not to apply.
Viraj.
31. Viraj.  Oct 4, 2019 11:33 I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Vishwaraj Sugar Ipo :-
Not a attractive sugar sector last some time..avoid
Aditya Hujband
30. Aditya Hujband  Oct 4, 2019 10:50 I Like It. 1 | Report Abuse Reply
No grey market activity.. better to avoid...
πŸ‘‰ IPO Janadesh πŸ’ƒ
29. πŸ‘‰ IPO Janadesh πŸ’ƒ  Oct 4, 2019 10:16 I Like It. 9 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ 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.
πŸ‘‰ IPO Janadesh πŸ’ƒ
29.1. πŸ‘‰ IPO Janadesh πŸ’ƒ  Oct 4, 2019 10:18 I Like It. 9 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ 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

:)
Kick
28. Kick  Oct 4, 2019 10:04 I Like It. | Report Abuse Reply
People are getting smarter and Avoiding the loss making companies IPO.... Subscription nos proves.... Kudos to All who save their Hard earned Money.
sailesh bohra
27. sailesh bohra  Oct 3, 2019 13:32 I Like It. 5 | Report Abuse Reply
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.
Medge
27.1. Medge  Oct 3, 2019 14:48 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
true,
in SME also retailers should teach lesson.
GrowYourMoney
26. GrowYourMoney  Oct 1, 2019 11:21 I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (200+ 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
πŸ‘‰ IPO Janadesh πŸ’ƒ
26.1. πŸ‘‰ IPO Janadesh πŸ’ƒ  Oct 1, 2019 12:59 I Like It. 13 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
On the way of Galaxy surfactant , KPR Agro & Ircon.
GrowYourMoney
26.2. GrowYourMoney  Oct 1, 2019 13:01 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
IRCON is totally different.
DIKSHANK JAIN
25. DIKSHANK JAIN  Sep 29, 2019 16:19 I Like It. 3 | Report Abuse Reply
Should invest or not?
Aditya Hujband
25.1. Aditya Hujband  Sep 30, 2019 11:15 I Like It. 1 | Report Abuse
dont invest now... invest only when they post some positive returns...
DIKSHANK JAIN
25.2. DIKSHANK JAIN  Sep 30, 2019 11:54 I Like It. | Report Abuse
Ok
πŸ‘‰ IPO Janadesh πŸ’ƒ
24. πŸ‘‰ IPO Janadesh πŸ’ƒ  Sep 30, 2019 10:00 I Like It. 18 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ 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.
Aniketiaf
23. Aniketiaf  Sep 29, 2019 07:59 I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 5100+ Likes)
Wishing a very Happy Navratra to Chittorgarh Team & All The Members....
Jai Mata Di.
KING VINOD
22. KING VINOD  Sep 28, 2019 23:49 I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Clearly Avoid Vishwaraj Sugar Ind Ltd IPO and Apply for IRCTC Ltd IPO.



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