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
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]
Website: http://www.bigshareonline.com
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.
2 Comments
[…] business of Vishwaraj Sugar Industries split into five parts namely, Sugar, Co-Generation, Distillery, Indian Made Liquor (IML) and […]
[…] the first day of subscription, the Vishwaraj Sugar IPO subscribed for 26,42,640 shares against the total of 1,00,00,000 equity […]