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.
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
Umesh Katti, Ramesh Katti, Nikhil Katti, Lava Katti, Kush Katti, Sheela Katti, Jayashree Katti and Sneha Nithin Dev are the promoters of the company.
| 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) | |
The objects of the net fresh Issue is to raise funds for:
(a) Funding working capital requirement
(b) General corporate purpose
| IPO Date | Sep 30, 2019 - Oct 4, 2019 |
| Issue Type | Book Built Issue IPO |
| 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) |
| 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 |
| Bid/Offer Opens On | Sep 30, 2019 |
| Bid/Offer Closes On | Oct 4, 2019 |
| Finalisation of Basis of Allotment | Oct 11, 2019 |
| Initiation of Refunds | Oct 14, 2019 |
| Credit of Shares to Demat Acct | Oct 15, 2019 |
| IPO Shares Listing Date | Oct 16, 2019 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 240 | ₹14,400 |
| Maximum | 13 | 3120 | ₹187,200 |
| Pre Issue Share Holding | 54.22% |
| Post Issue Share Holding | 32.83% |
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 |
| 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 |
|
|
|
Vishwaraj Sugar Industries Ltd
Bellad Bagewadi,
Taluka Hukkeri,
District Belgaum
Phone: +91 8333 251251
Email: info@vsil.co.in
Website: http://vsil.co.in/
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 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 price of the IPO is ₹55 to ₹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.
The Vishwaraj IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.
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.
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.
Vishwaraj IPO lot size is 240 Shares and the minimum order quantity is 240 Shares.
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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.