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 Open	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
Issue Price	₹55 to ₹60 Per Equity Share
Market Lot	240 Shares
Min Order Quantity	240 Shares
Listing At	BSE, NSE

Vishwaraj IPO Tentative Date / Timetable

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

Vishwaraj IPO Lot Size and Price (Retail)

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)

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

› Draft Prospectus
› Red Herring Prospectus

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
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

Vishwaraj IPO Reviews / Ratings

Dilip Davda - Avoid
Capital Market - Avoid
Hem Securities - Avoid
S P Tulsian - Avoid

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

1. What is Vishwaraj IPO?

Vishwaraj IPO is a 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 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.
2. When Vishwaraj IPO will open?

The Vishwaraj IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.
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. 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. When is Vishwaraj IPO listing date?

The Vishwaraj IPO listing date is on Tuesday, October 15, 2019, at BSE, NSE.
6. What is the lot size of Vishwaraj IPO?

Vishwaraj IPO lot size is 240 Shares and the minimum order quantity is 240 Shares.

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Find Vishwaraj IPO Latest Update

Useful Articles

Vishwaraj IPO Review / Comments

43. RAJAKUMAR Nov 12, 2019 00:03

IPO Guru (1200+ Posts, 800+ 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

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

41. MS ASSOCIATE Oct 15, 2019 14:27

3 |

Vishwaraj Sugar Industries Ltd CMP-60.40
Issue Price-60

40. Rahul Popat Oct 15, 2019 10:08

2 |

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

1 |

-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

2 |

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

1 |

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

6 |

IPO Guru (1100+ Posts, 2300+ 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

9 |

IPO Guru (1000+ Posts, 5500+ 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

3 |

Top Contributor (200+ Posts, 300+ 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

5 |

IPO Guru (1000+ Posts, 5500+ Likes)

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

34. 👉 IPO Janadesh 💃 Oct 4, 2019 08:57

11 |

IPO Mentor (700+ Posts, 1800+ Likes)

S.P Tulsian's Advice - Avoid

34.1. 👉 IPO Janadesh 💃 Oct 5, 2019 14:20

7 |

IPO Mentor (700+ Posts, 1800+ Likes)

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

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

3 |

Top Contributor (200+ Posts, 300+ Likes)

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

33. Aniketiaf Oct 4, 2019 17:04

10 |

IPO Guru (1000+ Posts, 5500+ 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

1 |

That karadiye kaari thuppuna moment (SPT)

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

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

5 |

Top Contributor (200+ Posts, 300+ 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

Decided not to apply.

31. Viraj. Oct 4, 2019 12:33

3 |

IPO Mentor (600+ Posts, 600+ Likes)

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

30. Aditya Hujband Oct 4, 2019 11:50

1 |

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

29. 👉 IPO Janadesh 💃 Oct 4, 2019 11:16

10 |

IPO Mentor (700+ Posts, 1800+ 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

10 |

IPO Mentor (700+ Posts, 1800+ 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

5 |

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

4 |

Top Contributor (400+ Posts, 600+ Likes)

true,
in SME also retailers should teach lesson.

26. GrowYourMoney Oct 1, 2019 12:21

3 |

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

26.1. 👉 IPO Janadesh 💃 Oct 1, 2019 13:59

14 |

IPO Mentor (700+ Posts, 1800+ Likes)

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

26.2. GrowYourMoney Oct 1, 2019 14:01

1 |

Top Contributor (200+ Posts, 300+ Likes)

IRCON is totally different.

25. DIKSHANK JAIN Sep 29, 2019 17:19

3 |

Should invest or not?

25.1. Aditya Hujband Sep 30, 2019 12:15

1 |

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

19 |

IPO Mentor (700+ Posts, 1800+ 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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Vishwaraj Sugar Industries Ltd IPO (Vishwaraj IPO) Detail

Competitive Strengths

Company Promoters:

Company Financials:

Objects of the Issue:

Vishwaraj IPO Details

Vishwaraj IPO Tentative Date / Timetable

Vishwaraj IPO Lot Size and Price (Retail)

Vishwaraj IPO Promoter Holding

Vishwaraj IPO Subscription Status (Bidding Detail)

Vishwaraj IPO Prospectus

Vishwaraj IPO Rating

Vishwaraj IPO Listing Date

Listing Day Trading Information

Vishwaraj IPO Reviews / Ratings

Company Contact Information

Vishwaraj IPO Registrar

Vishwaraj IPO Lead Manager(s)

Vishwaraj IPO FAQs

1. What is Vishwaraj IPO?

2. When Vishwaraj IPO will open?

3. How to apply for Vishwaraj IPO?

4. When Vishwaraj IPO allotment?

5. When is Vishwaraj IPO listing date?

6. What is the lot size of Vishwaraj IPO?

Find Vishwaraj IPO Latest Update

Vishwaraj IPO Review / Comments