✓
Open
30 Sep to 4 Oct, 2019
✓
Close
30 Sep to 4 Oct, 2019
3
Allotment
—
✓
Listing
Tue, Oct 15, 2019
Price Band
₹55 to ₹60
Issue Size
1,00,00,000 shares (agg. up to ₹60 Cr)
Lot Size
240 Shares
Listing Date
Tue, Oct 15, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.09x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|
| Assets | 719.55 | 624.19 | 543.20 |
| Total Income | 307.88 | 268.93 | 322.90 |
| Profit After Tax | -17.62 | -4.27 | 6.06 |
| NET Worth | 211.50 | 228.88 | 232.49 |
| Reserves and Surplus | 176.94 | 194.32 | 197.93 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 15.70 |
| 2 | General Corporate Purpose | 1.04 |
| Total | 16.74 |
About Vishwaraj Sugar Industries IPO
Incorporated in 1995, Karnataka-based Vishwaraj Sugar Industries Limited (VSL) is engaged in manufacturing of sugar and other allied products. The other allied products manufactured by the company are Extra-Neutral Spirits, Vinegar, Rectified Spirits, Indian Made Liquor, Carbon dioxide (CO2), and Compost. VSL also generates power from sugars byproducts for captive consumption and commercial sale. 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. Competitive Strengths1. Wide product range 2. A diversified but integrated business model 3. Integrated manuf
Contact Details
Vishwaraj Sugar Industries Ltd. AddressBellad BagewadiTaluka HukkeriBelagavi, Karnataka, 591305+91 8333 251251info@vsil.co.inVisit Website