Vishwaraj IPO: Vishwaraj Sugar Industries Ltd is a sugar fabricating organization in Karnataka. It additionally gives different items, for example, Extra-Neutral Spirits, Vinegar, Rectifies Spirits, Indian Made Liquor, and Carbon dioxide. The organization intends to dispatch a first sale of stock (IPO) on 30th September 2019.
Vishwaraj IPO Details
Issue Open: Sep 30, 2019 – Oct 4, 2019
Issue Type: Book Built Issue IPO
Issue Size: 10,000,000 Eq Shares of Rs 10
(totaling up to Rs 60 Cr)
New Issue: 3,000,000 Equity shares
Offer for Sale: 7,000,000 Equity shares
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 55-Rs 60 Per Equity Share
Market Lot: 250 Shares
Min Order Quantity: 250 Shares
Posting At: BSE, NSE
It is a book-assemble sort of issue. The size of the issue is 10,000,000 value shares. The offer contains a new issue of 300,000 value shares and a proposal available to be purchased of 7,000,000 value shares. It raises over Rs 60 crore through an IPO. The value band of the IPO is Rs 55-Rs 60 for every value share. The market parcel of the IPO is Rs 240 offers and a base request amount is 240 offers.
As of the draft outline, the IPO will close on 04th October 2019. The substance of the issue remained at Rs 10 for each value share. The presentation of the IPO will oversee by Aryaman Financial Services Limited.
The Vishwaraj issue is proposed to be recorded at NSE and BSE. The IPO is relied upon to be recorded on stock trade stages on sixteenth October 2019.
Objects of Issue
The net continues raised through the issue will use working capital prerequisites and general corporate purposes.
Pre-Issue Share Holding: 54.20%
Post Issue Share Holding: 32.38%
Vishwaraj IPO Registrar
Bigshare Services Pvt Ltd
first Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Telephone: +91-22-6263 8200
Disclaimer: This post is only data about the IPO. It doesn't offer any guidance or suggestion. If you don't mind read the offer archive cautiously and counsel your consultant before contributing.