
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
Close
4 Oct 2019
Allotment
11 Oct 2019
Refund
12 Oct 2019
Demat Credit
13 Oct 2019
Listing
16 Oct 2019
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 5,000,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 1,500,000 | — | 0.00x |
| Retail Individual (RII) | 3,500,000 | — | 0.00x |
| Total | 10,000,000 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 14,583 | 14,583 | 1.00x |
| HNIs (10L +) | 93 | 93 | 1.00x |
| HNIs (2-10L) | 446 | 446 | 1.00x |
| Total Applications | 15,122 | 15,122 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
Currently, Vishwaraj Sugar Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹55 to ₹60 per equity share.
The retail lot size is 240 shares requiring a minimum application amount of ₹14,400. Expected listing price is ₹60 per equity share.
The Vishwaraj Sugar Industries Limited IPO aggregate issue size is ₹60 Crores with an equity price band set at ₹55 to ₹60 per equity share. The retail lot size is 240 shares requiring a minimum capital outlay of approx. ₹14,400.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2019-10-11. Investors can verify status using PAN card or application number.
Vishwaraj Sugar Industries Limited shares are scheduled to list on NSE and BSE on 2019-10-16.