Vishwaraj Sugar Industries IPO is engaged in manufacturing of sugar and other allied products and is all set to make a debut in the stock market with an issue size of 60 Cr.
IPO Overview
| IPO Issue Date | 30 Sept- 4 Oct 2019 |
| IPO Opening Date | 30 Sept 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 60 per share |
| IPO Lot Size | 240 Shares |
| Issue Size | 60 Cr |
| Offer for sale | – Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 62.18 times |
| NII (HNI) Shares | 164.68 times |
| 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. |
IPO -Tentative Dates
| IPO opening date | 30 Sept 2019 |
| IPO closing date | 4 Oct 2019 |
| Basis of Allotment | 11 Oct 2019 |
| Initiation of Refunds | 14 Oct 2019 |
| The credit of Shares to Demat | 15 Oct 2019 |
| VISHWARAJ SUGAR INDUSTRIES IPO Listing Date | 16 Oct 2019 |
Industry Overview.
The sugar industry is amongst the few industries that have successfully contributed to the rural economy. It has done so by commercially utilizing the rural resources to meet the large domestic demand for sugar and by generating surplus energy to meet the increasing energy needs of India. In addition to this, the industry has become the mainstay of the alcohol industry. The sector supports over 50 million farmers and their families and delivers value addition at the farm side. In general, sugarcane price accounts for approximately 70 percent of the ex-mill sugar price
Company Overview
VSL is engaged in manufacturing 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 into the distillery product segment. The company has laboratories to test the quality standards of the products and reduce wastage.
Objectives Of The Issue
- Funding working capital requirement
- General corporate purpose
Financial Statements
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 71,954.96 | 62,418.63 | 54,319.99 |
| Total Revenue | 30,787.55 | 26,893.11 | 32,289.84 |
| Profit After Tax | 1,761.99 | 426.67 | 606.25 |
Strengths
- Wide product range.
- A diversified but integrated business model.
- Integrated manufacturing unit.
- Principal location of manufacturing unit.
- Captive Power plant.
Company Contact Information
Vishwaraj Sugar Industries Ltd
Bellad Bagewadi,
Taluka Hukkeri,
District Belgaum
Phone: +91 8333 251251
Email: info@vsil.co.in
Website: http://vsil.co.in/
Vishwaraj IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
