Vishwaraj Sugar Industries was incorporated on May 02, 1995. It is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka
| Bidding Dates |
|---|
| 30 Sep 2019 - 04 Oct 2019 |
| Subscription |
|---|
| 1.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,400 | 1 | 13 | 240 | 10.0 M | ₹55 - ₹60 | 73.37 % | ₹550.0 M - ₹600.0 M | RHP DOC |
Vishwaraj Sugar IPO SUBSCRIPTION STATUS
04 Oct '19Vishwaraj Sugar IPO overall subscription rate was 1.12 times the total available shares
Vishwaraj Sugar IPO retail subscription rate was 0.64 times in the retail segment
Vishwaraj Sugar IPO non-institutional investor subscription rate was 1.76 times in the non-institutional investor category
Vishwaraj Sugar IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 40% | 10% |
03 Oct 2019 (Day 3) | 0.25x | 1.64x | 1x |
04 Oct 2019 (Day 4) | 0.64x | 1.76x | 1x |
30 Sep 2019 (Day 1) | 0.01x | 0.47x | 1x |
01 Oct 2019 (Day 2) | 0.12x | 1.15x | 1x |
Vishwaraj Sugar FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY19 | -176.2 | 3,068.0 | 250.6 | 71.1 |
| FY18 | -42.7 | 2,592.8 | -546.0 | -606.9 |
| FY17 | 60.6 | 3,218.4 | 617.0 | 165.0 |
| FY16 | 8.5 | 4,057.6 | 300.1 | 242.3 |
| FY15 | -5.8 | 3,450.8 | 255.4 | -241.1 |
Vishwaraj Sugar IPO SUBSCRIPTION STATUS DETAILS
Vishwaraj Sugar had 10.0 M shares on offer
Vishwaraj Sugar IPO offer price was in the range ₹55 - ₹60
Vishwaraj Sugar IPO minimum Investment was ₹14400
Vishwaraj Sugar IPO issue size was ₹ 550.0 M - ₹ 600.0 M
Vishwaraj Sugar had a minimum lot size of 240 Shares per application
Vishwaraj Sugar NUMBER OF SHARES ON OFFER
Vishwaraj Sugar IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2019 |
| Issue close Date | 04 Oct 2019 |
| Allotment Date | 11 Oct 2019 |
| Refund Date | 14 Oct 2019 |
| Demat Account Credit Date | 15 Oct 2019 |
| Listing Date | 16 Oct 2019 |
| Listing on Exchange(s) | NSE and BSE |
| Vishwaraj Sugar Allotment Status | Exchange |
Vishwaraj Sugar IPO subscription opened on 30 Sep 2019, and closed on 04 Oct 2019
IPO allotment for Vishwaraj Sugar was finalized on Friday, 11 Oct 2019
IPO listing for Vishwaraj Sugar was on NSE and BSE on Wednesday, 16 Oct 2019
Vishwaraj Sugar IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 61.2 |
| Listing Close Price | 60.4 |
| Listing Gain% | 2.0% |
| Current Gain% | -91.1% |
Vishwaraj Sugar Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vishwaraj Sugar Industries Ltd. | 5.3 | 20 | -4.4 | -0.2 | 0.3 | -11.1 | -3.4 | 382.8 | -17.1 | -28.2 | 23.9 | -1.2 | 27 |
| Balrampur Chini Mills Ltd. | 633.4 | 13395.4 | 35.4 | -2.6 | 2.1 | 9.1 | 4.5 | 6308 | 14.6 | 378.5 | -13.4 | 17.9 | -13.4 |
| Piccadily Agro Industries Ltd. | 743.2 | 7325.3 | 53.3 | 1.5 | 7.1 | 15.3 | 8.4 | 1045.7 | 26.8 | 137.5 | 34.4 | 14 | 34.4 |
| Triveni Engineering & Industries Ltd. | 233.2 | 5139.3 | 18.3 | 0.6 | 0.8 | 8 | 4.1 | 6366.7 | 10.8 | 268.7 | 10.5 | 12.8 | 29.9 |
| Shree Renuka Sugars Ltd. | 22.2 | 4718.9 | -6 | 0.1 | 0.5 | 0 | -10.7 | 9305.3 | -15.7 | -792.1 | -164.2 | -3.7 | -96.4 |
| Bannari Amman Sugars Ltd. | 3491 | 4377.6 | 29.6 | 0.7 | 2.3 | 7.7 | 6.8 | 1959.6 | 7.7 | 147.9 | 41.3 | 118 | 41.3 |
Vishwaraj Sugar IPO Reports
Vishwaraj Sugar INFORMATION ON IPO ISSUE
About Vishwaraj Sugar
Vishwaraj Sugar Industries was incorporated on May 02, 1995. It is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka
Object of the Issue
- Funding working capital requirement
- General corporate purpose
Vishwaraj Sugar - PROMOTERS
| Name |
|---|
| Umesh Katti |
| Ramesh Katti |
| Nikhil Katti |
| Lava Katti |
| Kush Katti |
| Sheela Katti |
| Jayashree Katti |
| Sneha Nithin Dev |
Vishwaraj Sugar Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Vishwaraj Sugar Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Vishwaraj Sugar Strengths
Experienced team
The promoters are engaged in the business of distillery and sugar production from sugarcane for more than a decade and have thus established a proven background and rich experience in the sugar and derived product industry
Integrated operations and economies of scale
The company has integrated operations enabling it to meet the time, cost efficiency, quality and quantity requirements
Strong technological capabilities
The company's integrated manufacturing unit situated at Bellad-Bagewadi has been installed with various latest machinery and technology
Vishwaraj Sugar Risks
Issued and alloted equity shares in past
The company in the past made certain issuances and allotments of equity shares which may not be in compliance with the applicable provisions and rules of the Companies Act, 1956
Legal proceedings
The company, promoters and directors are parties to certain legal proceedings
Seasonal business
Business is subject to seasonal variations that could result in fluctuations in the results of operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 42.0 crore, of 7,000,000 shares. It also consists of a fresh issue of Rs 18.0 crore.
The promoters of the company are Umesh Katti, Ramesh Katti, Nikhil Katti, Lava Katti, Kush Katti, Sheela Katti, Jayashree Katti and Sneha Nithin Dev.
The category allocation of qualified institutional buyers is 10.0%, the category allocation of non individual investors or high networth individuals is 40.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 55.0 - 60.0.
The IPO application opens on Sep 30, 2019 and closes on Oct 04, 2019.
The minimum lot size for the IPO is 240. The maximum lot size for the IPO is 3120.
For all category investors, the minimum application amount for this IPO is Rs. 14,400.0, the maximum value for this IPO is Rs 187,200.0.
This IPO will be allotted on Oct 11, 2019.
The refund will be credited to your account on Oct 14, 2019.
The allotted shares will be credited to your demat on Oct 15, 2019.
Vishwaraj Sugar Industries Ltd.’s shares listed on the stock exchanges on Oct 16, 2019.