What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Vishwaraj Sugar Industries Limited IPO allotment date?

The basis of allotment for Vishwaraj Sugar Industries Limited IPO is scheduled to be finalized on 11 Oct 2019.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 12 Oct 2019.

Vishwaraj Sugar Industries Limited

ListedMainboard

Consumer Staples / Agro-based Manufacturing Sector · NSE / BSE

Vishwaraj Sugar Industries Limited, established in 1995 and based in Karnataka, is engaged in sugar manufacturing along with the production of related products such as ethanol, extra-neutral spirit, rectified spirit, vinegar, Indian Made Liquor, carbon dioxide, compost, and power generated from sugar byproducts. The company operates across key business segments including sugar, distillery, vinegar, Indian Made Liquor, and co-generation, and follows a zero-waste model by efficiently utilizing all components of sugarcane juice. Supported by in-house quality control laboratories, VSL ensures consistent product standards while minimizing waste, and in the previous financial year produced 32,170 tonnes of sugar from its operations in the Belgaum district of Karnataka, a region known for high sugarcane productivity.

Price Band

₹55 – ₹60

Issue Size

₹60.00 Cr

Lot Size

240 shares

GMP

—

Est. Listing

₹60

at current GMP

Subscribed

—

Open

30 Sep 2019

4 Oct 2019

Allotment

11 Oct 2019

Refund

12 Oct 2019

Demat Credit

13 Oct 2019

Listing

16 Oct 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Vishwaraj Sugar Industries Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

11 Oct 2019

Basis finalization

Refunds Initiate

12 Oct 2019

Mandate release

Demat Credit

13 Oct 2019

Shares in demat

Listing Debut

16 Oct 2019

Trading begins

How to Check Vishwaraj Sugar Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Vishwaraj Sugar Industries Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Vishwaraj Sugar Industries Limited Public Issue & Market Profile

Vishwaraj Sugar Industries Limited is bringing an initial public offering (IPO) in the Consumer Staples / Agro-based Manufacturing Sector sector with an aggregate issue size of ₹60 Crores. The shares are offered at a price band of ₹55 to ₹60 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2019-10-04, the basis of allotment is scheduled to be finalized on 2019-10-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.