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Vishwaraj Sugar Industries IPO is a book build issue of ₹60.00 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹18.00 crores and offer for sale of 0.70 crore shares aggregating to ₹42.00 crores.
Vishwaraj Sugar Industries IPO bidding started from Sep 30, 2019 and ended on Oct 4, 2019. The allotment for Vishwaraj Sugar Industries IPO was finalized on Oct 11, 2019. The shares got listed on BSE, NSE on Oct 15, 2019.
Vishwaraj Sugar Industries IPO price band is set at ₹60.00 per share . The lot size for an application is 240. The minimum amount of investment required by an retail is ₹13,200 (240 shares). The lot size investment for sNII is 14 lots (3,360 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (16,800 shares), amounting to ₹10,08,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Vishwaraj Sugar Industries IPO RHP for detailed Information.
| IPO Date | September 30, 2019 to October 4, 2019 |
| Listing Date | October 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹55 to ₹60 per share |
| Issue Price Final | ₹60 per share |
| Lot Size | 240 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹60.00 Cr) |
| Fresh Issue | 30,00,000 shares (aggregating up to ₹18.00 Cr) |
| Offer for Sale | 70,00,000 shares of ₹10 (aggregating up to ₹42.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,45,56,000 shares |
| Share Holding Post Issue | 3,75,56,000 shares |
Vishwaraj IPO offers total 1,00,00,000 shares. Out of which 10,00,000 (10.00%) allocated to QIB, 40,00,000 (40.00%) allocated to NII, 50,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 10,00,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 40,00,000 (40.00%) | NA |
| Retail Shares Offered | 50,00,000 (50.00%) | 20,833 |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Vishwaraj Sugar Industries IPO opens on September 30, 2019, and closes on October 4, 2019.
| IPO Open Date | Mon, Sep 30, 2019 |
| IPO Close Date | Fri, Oct 4, 2019 |
| Tentative Allotment | Fri, Oct 11, 2019 |
| Initiation of Refunds | Mon, Oct 14, 2019 |
| Credit of Shares to Demat | Tue, Oct 15, 2019 |
| Tentative Listing Date | Tue, Oct 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 4, 2019 |
Investors can bid for a minimum of 240 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 240 | ₹14,400 |
| Retail (Max) | 13 | 3,120 | ₹1,87,200 |
| S-HNI (Min) | 14 | 3,360 | ₹2,01,600 |
| S-HNI (Max) | 69 | 16,560 | ₹9,93,600 |
| B-HNI (Min) | 70 | 16,800 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Vishwaraj Sugar Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 157.00 |
| 2 | General Corporate Purpose | 10.44 |
[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...
| Listing Date | October 15, 2019 |
| BSE Script Code | 542852 |
| NSE Symbol | VISHWARAJ |
| ISIN | INE430N01014 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | T |
Vishwaraj Sugar Industries Ltd.
Bellad Bagewadi,
Taluka Hukkeri,
Belagavi, Karnataka, 591305
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 Sugar Industries IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 240.
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.
Zerodha customers can apply online in Vishwaraj Sugar Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Vishwaraj Sugar Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishwaraj Sugar Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishwaraj Sugar Industries IPO opens on September 30, 2019 and closes on October 4, 2019.
Vishwaraj Sugar Industries IPO lot size is 240, and the minimum amount required for application is ₹14,400.
You can apply in Vishwaraj Sugar Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vishwaraj Sugar Industries 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 Sugar Industries IPO allotment status.
The Vishwaraj Sugar Industries IPO listing date is on Tuesday, October 15, 2019.
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