Vishwaraj Sugar Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,000,000 (10%) | — | ₹600 Cr |
| NII (HNI) | — | 4,000,000 (40%) | — | ₹2,400 Cr |
| Retail | — | 5,000,000 (50%) | — | ₹3,000 Cr |
| Σ Total | — | 10,000,000 (100%) | — | ₹60,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 240 | ₹14,400 |
| Retail (Max) | 13 | 3,120 | ₹187,200 |
| S-HNI (Min) | 14 | 3,360 | ₹201,600 |
| B-HNI (Min) | 67 | 16,080 | ₹964,800 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 30,788 | 26,893 | 32,290 |
| Profit After Tax | 1,762 | 427 | 606 |
| Total Assets | 71,955 | 62,419 | 54,320 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding Working Capital Requirement – 157.00
- 2 General Corporate Purpose – 10.44
Company Overview
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 Strengths
1. Wide product range 2. A diversified but integrated business model 3. Integrated manufacturing unit 4. Principal location of manufacturing unit 5. Captive Power plant