Vishwaraj Sugar Industries Limited is coming soon to get list at stock exchange platform for trading in Secondary market. Potential investors can retrieve related details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Sep 30, 2019 with a price band of Rs. – [55-60] per equity share. The lot size of applying the IPO is for 240 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company Profile: –

The company was incorporated on May 2, 1995 Bangalore, India. The firm deals into the business of manufacturing sugar and other allied products.  The location of the firm is situated at Belgaum District in the State of Karnataka as designated one of the “High Recovery zones” for sugar production by Government of India. It also offers Rectified Spirits, Extra-Neutral Spirits, Indian Made Liquor, Vinegar, Compost, Carbon dioxide (CO2), etc. The company is also active to generate of power for captive consumption as well as external sale.

In the year 2001, it has started manufacturing of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit. In the year 2006, firm implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities.

It produced 32,170 tonnes of sugar during last fiscal year. It operates a single location sugar unit having licensed crushing capacity of 11,000 TCD.

 

Positive Outlook of The Firm: –

1) Knowledgeable, Experienced Promoters and strong Executive Team,

2) Various kinds of products offerings,

3) Integrated operations and economies of scale,

4) Robust Technological Capabilities,

5) Strategic location of its manufacturing unit,

6) Steady and strong relationships with sugarcane farmers,

7) Captive power plant and exportable capacity,

 

Objects of The Issue: –

Below are the objects of the net Fresh issue: –

(1) Funding working capital requirement,
(2) General corporate purpose.

Summary of Issue:

Issue Open: – Sep 30,2019-Oct 4,2019
Issue Type  Book Built Issue IPO
Issue Size (Value) 10,000,000 Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [55-60] Per Equity Share
Market lots  240 Shares
Minimum Order Quantity  240 Shares
Listing At BSE, NSE

(*) indicates to be updated)

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Vishwaraj Sugar Industries Limited-IPO Subscription Details

Category Allocation Lower Band Upper Band
Qualified Institutional Buyers (QIB)
Non Institutional Buyers(NIB)
Retail Individual Buyers(RIB)
. .
Total 100%

 

Important dates for Vishwaraj Sugar Industries Limited IPO Allotment Status

  • The Allotment date for Vishwaraj Sugar Industries Limited IPO issue is expected on Oct 3,2019
  • The amount will get unblocked on Oct 4,2019,
  • The Shares are expected to credit in DP accounts on Oct 5, 2019,
  • The Shares of Vishwaraj Sugar Industries Limited is likely to get listed on Oct 6,2019 on both BSE and NSE.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps: –

  1. Click on the given link See Allotment Status here
  2. Go to Application Status.
  3. Select IPO as Vishwaraj Sugar Industries Limited IPO.
  4. Enter your PAN Number or Application Id or DP Client Id.

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Check Vishwaraj Sugar Industries Limited IPO Allotment Status

Vishwaraj Sugar Industries Limited  allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Vishwaraj Sugar Industries Limited  Allotment Status
  2. Go to Application Status
  3. Select IPO as Vishwaraj Sugar Industries Limited IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Download “Vishwaraj Sugar Industries Limited ” IPO Application Form

From BSE: click here

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Promoters of The Company: –

1) Mr. Umesh Katti

2) Mr. Ramesh Katti

3) Mrs. Sheela Katti

4) Mrs. Jayashree Katti

5) Mr. Nikhil Katti

6) Mr. Lava Katti

7) Mr. Kush Katti

8) Mrs. Sneha Nithin Dev

 

Financials: – (Restated Consolidated Financial Record)

Particulars For the year/Period ended (Rs. in Million)    
Financial Year 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity & Liabilities 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
Total Expenses 33,176.27 26,979.30 31,242.78 40,136.83 34,949.14
Profit After Tax (PAT) (1,761.99) (426.67) 606.25 85.35 (57.68)

 

Lead Manager Details: –

ARYAMAN FINANCIAL SERVICES LIMITED 60,

Khatau Building, Ground Floor,

Alkesh Dinesh Modi Marg, Fort,

Mumbai – 400 001.

Tel No.: +91 – 22 – 6216 6999

Fax No.: +91 – 22 – 2263 0434

Email: ipo@afsl.co.in

Investor Grievance Email: feedback@afsl.co.in

Website: www.afsl.co.in

SEBI Registration No.: INM000011344

Contact Person: Mr. Pranav Nagar

 

Registrar to The Issue: –

BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis, Makwana Road, Marol, Andheri (E),

Mumbai – 400 059.

Tel: +91 – 22 – 6263 8200

Fax: +91 – 22 – 6263 8299

Email: ipo@bigshareonline.com

Investor Grievance Email: investor@bigshareonline.com

Website: www.bigshareonline.com

SEBI Registration No.: INR000001385

Contact Person: Mr. Ashish Bhope

 

Registered Office Details: –

BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis, Makwana Road, Marol, Andheri (E),

Mumbai – 400 059.

Tel: +91 – 22 – 6263 8200

Fax: +91 – 22 – 6263 8299

Email: ipo@bigshareonline.com

Investor Grievance Email: investor@bigshareonline.com

Website: www.bigshareonline.com

SEBI Registration No.: INR000001385

Contact Person: Mr. Ashish Bhope