Vishwaraj Sugar IPO

Vishwaraj Sugar IPOVishwaraj Sugar Industries IPO description - Vishwaraj Sugar Industries is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the “High Recovery zones” for sugar production by Government of India. The company operates a single location sugar unit having licensed crushing capacity of 11,000 TCD. In addition to sugar, it also manufactures other allied products like Rectified Spirits, Extra-Neutral Spirits, Indian Made Liquor, Vinegar, Compost, Carbon dioxide (CO2), etc. and is further engaged in the generation of power for captive consumption as well as external sale. Its business can be broken up into five main segments namely Sugar, Co-Generation, Distillery, Indian Made Liquor (IML) and Vinegar.

In the year 2001, it commenced operations of manufacture of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit. In the year 2006, the company implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities. During the year 2008, it began bottling of Indian Made Liquor. Currently, its integrated unit processes sugarcanes to produce sugar and the by-products are used to generate electricity for captive use and commercial sale, manufacture rectified spirit, ENA, IML, Vinegar, Press-mud and Compost.

Promoters of Vishwaraj Sugar - Mr Umesh Katti, Mr Ramesh Katti, Mrs Sheela Katti, Mrs Jayshree Katti, Mr Nikhil Katti, Mr Lava Katti, Mr Kush Katti and Mrs Sneha Nithin Dev
Vishwaraj Sugar Industries IPO details
Subscription Dates 30 September - 4 October 2019
Price Band INR55 - 60 per share
Fresh issue 3,000,000 shares (INR16.5 - 18.0 crore)
Offer For Sale 7,000,000 shares (INR38.5 - 42.0 crore)
Total IPO size 10,000,000 shares (INR55.0 - 60.0 crore)
Minimum bid (lot size) 240 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE, BSE
Objects of Vishwaraj Sugar IPO
  • Working Capital Requirement - INR15.44 crore
  • General corporate purposes
  • Issue expenses
Vishwaraj Sugar's financial performance (in INR crore)
FY2015 FY2016 FY2017 FY2018 FY2019
Total revenues 349.4 408.6 322.9 268.9 307.9
Total expenses 349.5 401.4 312.4 269.8 331.8
Comprehensive income -0.7 0.4 6.4 -3.6 -17.4
Net margin (%) -0.2 0.1 2.0 -1.3 -5.7
More about Vishwaraj Sugar
Vishwaraj Sugar Contact Details

Vishwaraj Sugar Industries Limited
Bellad Bagewadi
Taluka Hukkeri
District Belgaum – 591 305

Phone: +91 8333 – 251251
Email: [email protected]
Website: www.vsil.co.in

Registrar of Vishwaraj Sugar Industries IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Valuation of Vishwaraj Sugar (as of FY2019)

Earnings Per Share (EPS): -INR5.10

Price/Earnings (PE ratio): NA

Return on Net Worth (RONW): -8.33%

Net Asset Value (NAV): INR61.20 per share

Vishwaraj Sugar IPO Subscription Details
Category

Shares offered

Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3

Day 4

QIB

1,000,000

1.00 1.00 1.00

1.00

NII

4,000,000

0.68 1.15 1.63

1.75

Retail

5,000,000

0.03 0.12 0.25

0.63

Total

10,000,000

0.39 0.62 0.88

1.12

Vishwaraj Sugar IPO Analyst Reviews 

Hem Securities - Avoid

SMC Global - 1/5

Angel Broking - Not rated

Centrum Wealth Research - Not rated

Canara Bank - Not rated

ICICIdirect - Not rated

Religare Broking - Not rated

Ventura Securities - Not rated

Vishwaraj Sugar IPO Allotment Status

Vishwaraj Sugar IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing Performance of Vishwaraj Sugar Industries

IPO Opening Date: 30 September 2019

IPO Closing Date: 4 October 2019

Finalisation of Basis of Allotment: 11 October 2019

Initiation of refunds: 14 October 2019

Transfer of shares to demat accounts: 15 October 2019

Listing Date: 15 October 2019

Listing Price on NSE: INR61.2 per share (up 2% from IPO price)

Closing Price on NSE: INR60.35 per share (up 0.58% from IPO price)

2 thoughts on “Vishwaraj Sugar IPO

  • September 28, 2019 at 10:47 PM
    Permalink

    Looking at the Finances, it’s a strict nooooooooo. expenses are more than sales.. negative PE.. Apply only If you want to risk your investment (15K)

    Reply
  • September 24, 2019 at 12:59 PM
    Permalink

    Lossing company and IPO, why they think public money is for looting?

    Reply

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