Vishwaraj Sugar Industries Limited IPO
(i) They are an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the “High Recovery zones” for sugar production by Government of India.
(ii) They operate a single location sugar unit having licensed crushing capacity of 11,000 TCD. In addition to sugar, they also manufacture 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.
(iii) The business can be broken up into five main segments namely Sugar, Co-Generation, Distillery, Indian Made Liquor (IML) and Vinegar.
(iv) In the year 2001, they commenced operations of manufacture of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit. In the year 2006, the company implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities. During the year 2008, they began bottling of Indian Made Liquor.
Objects of the Vishwaraj Sugar Industries Limited IPO:
Vishwaraj Sugar Industries Limited IPO Details:
|Open Date:||Sep 30 2019|
|Close Date:||Oct 04 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||60 Cr.|
|Lot Size:||240 Shares|
|Issue Price:||₹ 55-60 Per Equity Share|
|Listing Date:||Oct 14 2019|