Vishwaraj Sugar IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 30/09 - 04/10
Issue Size ₹60.00 Cr
Issue Price ₹55 - 60
Market Lot 240 Shares
Shares on Offer 10,000,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 16/10
Listing Price ₹60
Listing Gain% 0.00

About Vishwaraj Sugar Industries Ltd

Vishwaraj Sugar 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. We operate a single location sugar unit having licensed crushing capacity of 11,000 TCD. In addition to sugar we also manufacture other allied products like Rectified Spirits, Extra-Neutral Spirits, Indian Made Liquor, Vinegar, Compost, Carbon dioxide (CO2), etc. and are further engaged in the generation of Power for captive consumption as well as external sale. Our business can hence be broken up into five main segments namely Sugar, Co-Generation, Distillery, Indian Made Liquor (IML) and Vinegar.

In the year 2001, they commenced operations of manufacture of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit. In the year 2006, our Company implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities. During the year 2008, we began bottling of Indian Made Liquor. Currently our 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. Over the years, we have expanded the production / manufacturing capacities of all our products. Our present licensed manufacturing capacity for our various products.

Broadly, the business of the company can be divided into five categories, which are Vinegar, Indian Made Liquor (IML), Co-Generation, Distillery, and Sugar. The products of the company such as rectified spirit, ethanol, and extra neutral spirit come in the distillery product segment.

The company has laboratories to test the quality standards of the products and reduce the wastage. Every single output and residue from sugarcane juice is used by the company and nothing is wasted. Vishwaraj Sugar Industries has produced 32,170 tonnes of sugar in the last financial year. VSL operates from Belgaum District, Karnataka which is one of the high recovery zones for sugar production in India.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 71,954.96 62,418.63 54,319.99
Total Revenue (In ₹ Millions) 30,787.55 26,893.11 32,289.84
Profit After Tax (PAT) (In ₹ Millions) (1,761.99) (426.67) 606.25

Vishwaraj Sugar Industries Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 30 Sep 2019 1.00 0.47 0.01 0.30
Day 2 - 01 Oct 2019 1.00 1.15 0.12 0.62
Day 3 - 03 Oct 2019 1.00 1.64 0.25 0.88
Day 4 - 04 Oct 2019 1.00 1.76 0.64 1.12

Allotment Status

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IPO Allotment Status

Vishwaraj Sugar Industries Ltd IPO FAQs

  1. When will Vishwaraj Sugar Industries Ltd IPO open?

    Vishwaraj Sugar Industries Ltd IPO will open on 30/09 and close on 04/10.

  2. What is the listing date of Vishwaraj Sugar Industries Ltd IPO?

    Vishwaraj Sugar Industries Ltd IPO will list on 16/10.

  3. What is the offer price of Vishwaraj Sugar Industries Ltd IPO?

    The offer price of Vishwaraj Sugar Industries Ltd IPO is ₹55 - 60.

  4. What is the lot size of Vishwaraj Sugar Industries Ltd IPO?

    The lot size of Vishwaraj Sugar Industries Ltd IPO is 240.

  5. What is the Grey Market Premium (GMP) price of Vishwaraj Sugar Industries Ltd IPO?

    The Grey Market Premium (GMP) price of Vishwaraj Sugar Industries Ltd IPO is Not Available at the moment.

  6. What is the Kostak price of Vishwaraj Sugar Industries Ltd IPO?

    The Kostak price of Vishwaraj Sugar Industries Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Vishwaraj Sugar Industries Ltd IPO?

    The Subject to Sauda price for Vishwaraj Sugar Industries Ltd IPO is Not Available at the moment.

Vishwaraj Sugar Industries Ltd IPO Review/Comments

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