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