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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.
| 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 Size | 10,000,000 shares (aggregating up to ₹60.00 Cr) |
| Fresh Issue | 3,000,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 7,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,000,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 4,000,000 (40.00%) | |
| Retail Shares Offered | 5,000,000 (50.00%) | 20,833 |
| Total Shares Offered | 10,000,000 (100%) |
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 |
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 | |||
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% |
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
| 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
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 1.76 |
| Retail | 0.64 |
| Total | 1.12 |
| Listing Date | October 15, 2019 |
| BSE Script Code | 542852 |
| NSE Symbol | VISHWARAJ |
| ISIN | INE430N01014 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹60.00 |
| ₹61.20 |
| ₹60.25 |
| ₹61.20 |
| ₹60.35 |
| NSE |
|---|
| ₹60.00 |
| ₹61.20 |
| ₹60.25 |
| ₹61.50 |
| ₹60.35 |
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
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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.
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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.