Incorporated on May 02, 1995 Vishwaraj Sugar Industries Limited is an Integrated Sugar and other allied products manufacturing Company operating from Belgaum District. The Company operates from a single location sugar unit having licensed crushing capacity of 11,000 TCD and also manufactures other allied products like Rectified Spirits, Extra-Neutral Spirits, Indian Made Liquor, Vinegar, Compost, Carbon dioxide (CO2), etc. and are further engaged in the generation of Power for captive consumption as well as external sale.
In the year 2001, Company commenced operations of manufacture of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit. In the year 2006, Company implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities. During the year 2008, It began bottling of Indian Made Liquor. Currently its integrated unit processes sugarcanes to produce sugar and the byproducts are used to generate electricity for captive use and commercial sale, manufacture rectified spirit, ENA, IML, Vinegar, Press-mud and Compost. Over the years, It has expanded the production / manufacturing capacities of all its products.
In the F. Y. 2019, Its income from the sugar business formed approximately 76%, Income from the co-generation business formed 7%; Income from the Distillery business formed 4%, whereas, Income from the IML business formed 8% of its total sales.
Vishwaraj Sugar Industries Limited IPO - Issue Details:
||Vishwaraj Sugar Industries Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Sep 30, 2019
| Issue Closes: Oct 04, 2019
||Rs.55* - Rs.60^ per Equity Share
||Rs.55* - Rs.60^ Crores
||Rs.10 per Equity Share
||240 Equity Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||10% of the issue size (10,00,000 Equity Shares)
||40% of the issue size (40,00,000 Equity Shares)
|Retail Individual Bidders
||50% of the issue size (50,00,000 Equity Shares)
||NSE & BSE
||All Retail Applications compulsorily in UPI Mode
||Bigshare Services Private Limited
|Book Running Lead Managers
||Aryaman Financial Services Limited
* Lower Price Band; ^ Upper Price Band