Vishwaraj IPO: Vishwaraj IPO Opens On September 30, 2019

Vishwaraj IPO: Vishwaraj IPO Opens On September 30, 2019

Vishwaraj IPO

Vishwaraj IPO: Vishwaraj Sugar Industries Ltd is a sugar manufacturing company in Karnataka. It also provides other products such as Extra-Neutral Spirits, Vinegar, Rectifies Spirits, Indian Made Liquor, and Carbon dioxide. The company plans to launch an initial public offering (IPO) on 30th September 2019

Vishwaraj IPO Details

 Issue Open  Sep 30, 2019 – Oct 4, 2019
 Issue Type  Book Built Issue IPO
 Issue Size 10,000,000 Eq Shares of Rs 10
(aggregating up to Rs 60 Cr)
 Fresh Issue 3,000,000 Equity shares
 Offer for Sale  7,000,000 Equity shares
 Face Value  Rs 10 Per Equity Share
 Issue Price  Rs 55- Rs 60 Per Equity Share
 Market Lot  250 Shares
 Min Order Quantity  250 Shares
 Listing At  BSE, NSE

It is a book-build type of issue. The size of the issue is 10,000,000 equity shares. The offer comprises a fresh issue of 300,000 equity shares and an offer for sale of 7,000,000 equity shares. It raises over Rs 60 crore through an IPO. The price band of the IPO is Rs 55- Rs 60 per equity share. The market lot of the IPO is Rs 240 shares and a minimum order quantity is 240 shares.

As of the draft prospectus, the IPO will close on 04th October 2019. The face of the issue stayed at Rs 10 per equity share. The performance of the IPO will manage by Aryaman Financial Services Limited. 

The Vishwaraj issue is proposed to be listed at NSE and BSE. The IPO is expected to be listed on stock exchange platforms on 16th October 2019. 

Objects of Issue

The net proceeds raised through the issue will utilize working capital requirements and general corporate purposes.

Promoter Holding

Pre Issue Share Holding 54.20%
Post Issue Share Holding 32.38%

Subscription Status

Day  Date  QII  NII  RII  Total
 1  Spe 30, 2019  1.00x  0.69x  0.04x  0.39x
 2  Oct 1, 2019, 18: 25  1.00x  1.15x  0.12x  0.62x
 3  Oct 3, 2019,   1.00x  1.64x  0.25x  0.88x
 4  Oct 4, 2019  1.00x  1.76x  0.64x  1.12x

Vishwaraj IPO Prospectus

  Draft Prospectus

Vishwaraj  IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059

Phone: +91-22-6263 8200
Email: [email protected]

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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