IPO

Vishwaraj Sugar Industries Limited IPO

Mainboard

Listed On: Oct 16, 2019 at ₹ 61.2

₹ 14400 /240 Shares

IPO Details

30 Sep, 2019

Open Date

04 Oct, 2019

Close Date

11 Oct, 2019

Allotment Date

16 Oct, 2019

Listing Date

Issue Price

Rs 55/- to Rs 60/- Rs per Equity Share

Face Value

Rs 10 Per Equity Share 

Listing at Group

NSE, BSE ( T - Group )

Registrar

Bigshare Services Private Limited

List Price

61.2

Listing Date

2019-10-16

Market Lot

240 Shares ( Rs 14,400/- )

Lead Manager

Aryaman Financial Services Limited

Issue Size

Total 1,00,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 60 Cr# Fresh Issue of 30,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 18 Cr # Offer for Sale of 70,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 42 Cr

Retail Portion

N/A

Subscription

1,12,04,640 1.12 times

IPO Docs

No related IPO documents available.

IPO Details


The IPO of is priced at ₹55 - 60 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Sep 30, 2019 and ends on Oct 4, 2019. The allotment for IPO will be finalized on Oct 11, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 16, 2019. The company shall list its equity shares on the NSE, BSE ( T - Group ). Bigshare Services Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Aryaman Financial Services Limited.


The IPO sets its price band at 55 - 60 for each share. A single application for Vishwaraj Sugar Industries Limited IPO must contain at least 240 shares.

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IPO Subscription Details

As onQIBNIIRetailTotal
Shares Offered / Reserved10,00,00040,00,00050,00,0001,00,00,000
Day 1 - 30-09-1910,00,080 1.00 x27,39,840 0.681,84,080 0.03 x39,24,000 0.40 x
Day 2 - 01-10-1910,00,080 1.00 x46,03,920 1.155,94,480 0.12 x61,98,480 0.62 x
Day 3 - 03-10-1910,00,080 1.00 x65,49,120 1.6312,67,920 0.26 x88,17,120 0.88 x
Day 4 - 04-10-1910,00,080 1.00 x70,25,760 1.7631,78,800 0.64 x1,12,04,640 1.12 x

Valuations

Earnings Per Share (EPS)

Rs - (4.63)/-

P/E Ratio

- (12.96)

RoNW

- (8.33)%

Net Asset Value (NAV) - As on 31.03.19

Rs 61.20

Company Financials All values are in ₹ Cr.

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Vishwaraj Sugar Industries Limited0.98- 12.968.46%307.88
Ugar Sugar Works Limited2.86- 11.14- 25.66%902.93
Dwarikesh Sugar Industries Limited1.065.8318.18%1084.12
Balrampur Chini Mills Ltd1.776.1228.99%4285.78
Dhampur Sugar Mill Limited1.195.2520.50%2954.06

IPO - Ratings

EMKAYSUBSCRIBE
ANTIQUE BROKINGSUBSCRIBE FOR LONG TERM
ANAND RATHISUBSCRIBE
PRABHUDAS LILLADHERAVOID
IIFLSUBSCRIBE FOR LONG TERM

- Promoter(s)

Company Promoter(s)
  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

IPO - Issue Objectives

  1. Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
  2. Fresh Issue(a) Funding working capital requirement(b) General corporate purpose

IPO - FAQs

Ans. Vishwaraj Sugar Industries Limited IPO is a Mainboard IPO. The issue is priced at Rs 55/- to Rs 60/- Rs per Equity Share. The minimum order quantity is 240 Shares. The IPO opens on Sep 30, 2019, and closes on Oct 4, 2019. Bigshare Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( T - Group ).

Ans. The Vishwaraj Sugar Industries Limited IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.

Ans. The size of Vishwaraj Sugar Industries Limited IPO is Total 1,00,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 60 Cr# Fresh Issue of 30,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 18 Cr # Offer for Sale of 70,00,000 Equity Shares of Rs 10/- at price of Rs 55/- to Rs 60/- with aggregating up to Rs 42 Cr.

Ans. The IPO price band is set between Rs 55/- to Rs 60/- Rs per Equity Share.

Ans. To apply for Vishwaraj Sugar Industries Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Vishwaraj Sugar Industries Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Vishwaraj Sugar Industries Limited IPO is Oct 11, 2019.

Ans. The Vishwaraj Sugar Industries Limited IPO will be listed on Oct 16, 2019.

Ans. Follow the steps to check the allotment status for Vishwaraj Sugar Industries Limited IPO here.