Bookbuilding IPO | ₹60 Cr | Listed at BSE, NSE | Mon, Sep 30, 2019 - Fri, Oct 4, 2019
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 per share. The lot size for an application is 240. The minimum amount of investment required by an retail is ₹14,400 (240 shares) (based on upper price). 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 Open
Mon, Sep 30, 2019
IPO Close
Fri, Oct 4, 2019
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹225.34 Cr
| IPO Date | 30 Sep to 4 Oct, 2019 |
| Listed on | Tue, Oct 15, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 240 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 30,00,000 shares (agg. up to ₹18 Cr) |
| Offer for Sale | 70,00,000 shares of ₹10 (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 3,45,56,000 shares |
| Share Holding Post Issue | 3,75,56,000 shares |
| BSE Script Code / NSE Symbol | 542852 / VISHWARAJ |
| ISIN | INE430N01014 |
Vishwaraj Sugar Industries IPO comprises a total issue size of 1,00,00,000 shares. Out of which, 10,00,000 (10.00%) are allocated to QIB, 40,00,000 (40.00%) allocated to NII 50,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 240 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 15.70 |
| 2 | General Corporate Purpose | 1.04 |
| Total | 16.74 |
The Vishwaraj IPO is subscribed 1.12 times on October 4, 2019 5:00:00 PM (Day 4). The public issue subscribed 0.64 times in the retail category, 1 times in the QIB category, and 1.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1 | 10,00,000 | 10,00,080 |
| NII | 1.76 | 40,00,000 | 70,25,760 |
| Retail | 0.64 | 50,00,000 | 31,78,800 |
| Total | 1.12 | 1,00,00,000 | 1,12,04,640 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 1.91 |
| 2 | Brokerage and selling commission including fees payable to the Sponsor Bank for Bids made by RIIs using the UPI Mechanism | 0.30 |
| 3 | Printing& Stationery, Distribution, Postage, etc. | 0.40 |
| 4 | Advertisement and Marketing Expenses | 0.30 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.38 |
| Total | 3.29 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹61.20 | ₹61.20 |
| Low | ₹60.25 | ₹60.25 |
| High | ₹61.20 | ₹61.50 |
| Last Trade | ₹60.35 | ₹60.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 240.
The IPO opens on Mon, Sep 30, 2019, and closes on Fri, Oct 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 Mon, Sep 30, 2019 and closes on Fri, Oct 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 Tue, Oct 15, 2019. Check the Vishwaraj Sugar Industries IPO allotment status.
The Vishwaraj Sugar Industries IPO listing date is on Tue, Oct 15, 2019.
