Online Stock Broker | Financial Planner

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)

Get Upcoming IPO/NCD/NFO/BONDS Notification on your mobile, Download Elite Wealth App

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: –

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

Get Stock Market Recommendation By Our Research Analysts Starting Just Rs. 2000/-

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:-

To Check Vishwaraj Sugar Industries Limited Allotment Status
Go to Application Status
Select IPO as Vishwaraj Sugar Industries Limited IPO
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

Open Your Demat Account to Invest in Upcoming IPO’s

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)