Vishwaraj Sugar Industries Limited (VSL) Incorporated in 1995, Karnataka-based 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 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. 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 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 Strengths
1.Wide product range
2. Diversified but integrated business model
3. Integrated manufacturing unit
4. Principal location of manufacturing unit
5. Captive Power plant
Vishwaraj IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 to ₹60 per equity share |
| Market Lot | 240 Shares |
| Min Order Quantity | 240 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542852 |
| NSE Symbol | VISHWARAJ |
| ISIN | INE430N01014 |
| Issue Size | Aggregating up to ₹60.00 Cr |
| Fresh Issue | Aggregating up to ₹[.] Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Vishwaraj IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 30-Sep-19 |
| IPO Close Date | 4-Oct-19 |
| Basis of Allotment Date | 11-Oct-19 |
| IPO Listing Date | 16-Oct-19 |
Vishwaraj IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 240 | ₹14,400 |
| Maximum | 13 | 3120 | ₹187,200 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Vishwaraj Sugar Industries Ltd
Company Financials:
| PARTICULAR | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 71,954.96 | 62,418.63 | 54,319.99 | 58,898.53 | 60,501.20 |
| Total Revenue | 30,787.55 | 26,893.11 | 32,289.84 | 40,864.55 | 34,936.75 |
| Profit After Tax | -1,761.99 | -426.67 | 606.25 | 85.35 | -57.68 |
Company Promoters:
Umesh Katti, Ramesh Katti, Nikhil Katti, Lava Katti, Kush Katti, Sheela Katti, Jayashree Katti and Sneha Nithin Dev are the promoters of the company.
Objects of the Issue:
The objects of the net fresh Issue is to raise funds for:
(a) Funding working capital requirement
(b) General corporate purpose
Registrar & Company Details
| Company Contact Information | Vishwaraj IPO Registrar |
| Vishwaraj Sugar Industries Ltd Bellad Bagewadi, Taluka Hukkeri, District Belgaum Phone: +91 8333 251251 Email: info@vsil.co.in Website: http://vsil.co.in/ | 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: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
