Vishwaraj Sugar Industries Limited Rs 55 to Rs 60 From to
About Company Vishwaraj Sugar Industries Limited permalink
Vishwaraj Sugar Industries Limited was established in 1995 . Currently, it is having head office in Karnataka. VISHWARAJ works in the sector of Company's sector is sugar. . VISHWARAJ has experience of 25 years experience .
Company's products are sugar and other allied products. It is doing best try to stand in market against same product of 36 companies, and will show good performance in future.
Company's revenue is Rs.126 Cr.(2018 H1). Company's net profit is Rs.17.60 (2018 H1). Mr. Umesh Katti, Mr. Ramesh, Mrs. Sheela, Mrs. Jayshree, Mr. Nikhil, Mr. Lava, Mr. Kush Katti and Mrs. Sneha Nithin Dev are promoters of Vishwaraj Sugar Industries Limited.
VISHWARAJ IPO issue open date is 30th September 2019 and close date is 4th October 2019 . The face value for Vishwaraj Sugar Industries Limited IPO is Rs 10 per equity share. The total IPO size is approx Rs 60 crore.
The price band for VISHWARAJ is Rs 55 to Rs 60. The lot size for VISHWARAJ IPO is a minimum of 240 shares to maximum 3600 shares. This IPO will be listed on BSE and NSE. VISHWARAJ IPO total equity is 10000000 shares.
VISHWARAJ IPO Market Lot and Investment Amount permalink
To invest in Vishwaraj Sugar Industries Limited's initial public offering starting from 30th September 2019 you need to invest minimum Rs 13200, however you can also invest up to Rs 216000, considering the upper price of IPO Rs 60 and maximum allottable shares (3600 shares). To apply for the maximum number of share you need to bid for 15 lots, one lot is having 240 shares.
VISHWARAJ IPO was subscribed only 1.12 Times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 1000000 shares and received bids for 1000000 shares which is 1 times of total meant for QIB category.
Vishwaraj Sugar Industries Limited's IPO was subscribed 39% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 4000000 and bid for 7040000 shares received . Bid from NII for Vishwaraj Sugar Industries Limited's IPO is 1.76 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 5000000 and bid for 3200000 shares received . Bid from RII for VISHWARAJ's IPO is 0.64 times of total meant for RII category.
The total number of shares offered were 10000000 and bid for 11200000 shares received .
VISHWARAJ initial public offering of 10000000 equity shares of the face value of Rs 10 aggregating up to ₹ 60 Crores. VISHWARAJ IPO issue open date is 30th September 2019 and close date is 4th October 2019 .