About the Company:
Vishwaraj Sugar Industries is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka.
Company operates a single location sugar unit having licensed crushing capacity of 11,000 TCD. In addition to sugar, company also manufacture other allied products like Rectified Spirits, Extra-Neutral Spirits, Indian Made Liquor, Vinegar, Compost, Carbon dioxide (CO2), etc.
Company is also engaged in the generation of Power for captive consumption as well as external sale. Our business can hence be broken up into five main segments namely Sugar, Co-Generation, Distillery, Indian Made Liquor (IML) and Vinegar.
Company has made sugar sales to various wholesalers, FMCG companies like PepsiCo, Parle Biscuits, and Britannia among others and also to local and state government
In the year 2001, company commenced operations of manufacture of Distillery products such as Ethanol, Rectified Spirit and Extra Neutral Spirit.
In the year 2006, Company implemented backward integration and began commercial operations for Sugar manufacture from sugarcane, along with Co-Generation capabilities.During the year 2008, company began bottling of Indian Made Liquor.
Currently company’s integrated unit processes sugarcanes to produce sugar and the by-products are used to generate electricity for captive use and commercial sale, manufacture rectified spirit, ENA, IML, Vinegar, Press-mud and Compost.
Over the years, company has expanded the production / manufacturing capacities of all their products and the present licensed manufacturing capacity for various products is given below:
Captive Power plant and exportable capacity:
With a total co-generation capacity of 36.4 MW, company ideally uses approximately 14 MW for captive consumption. The remaining electricity generated is sold to third parties through a PPA or an open sale. Currently, company has entered into a PPA for sale of balance MW electricity with 5 different electricity supply companies.
Addition of new IML products:
The IML products currently consist of only whisky which is mainly sold under company’s brands “Our Choice” and “Your Choice”. Besides, they also have whisky brands like “District – 1” and “VSL Black”.
With the success of “Our Choice” and “Your Choice” whisky brands, Company intends to launch other products like Rum, Gin and Vodka under the same brand.
Company has already obtained the relevant approvals for these products and currently in the testing stage of these products. Company’s IML products currently contribute approximately 15% of their total revenue from operations.
- Mr. Umesh Katti (Designation: Chairman and Non-Executive Director)
- Mr. Nikhil Katti (Designation: Managing Director)
Objectives of the Issue:
- Funding Working Capital Requirement
- General corporate purpose.
Financials of the Company:
|(in Crores)||FY 16||FY 17||FY 18||FY 19|
|Issue Opens on||30th September 2019|
|Issue Closes on:.||4th October 2019|
|Issue Price||Rs.55 – 60|
|Minimum Lot||240 Shares|
|Issue Size||Rs. 60 cr|
|Market Cap||Rs. 225 cr|
|Listing at||NSE & BSE|
|Equity Shares Offered (Fresh + OFS)||1,00,00,000|
|Equity Shares Prior to the Issue||3,45,56,000|
|Equity Shares after the Issue||3,75,56,000|
|Finalization of Basis of Allotment||On or Before 11th October 2019|
|Initiation of Refunds||On or Before 14th October 2019|
|Credit of Equity Shares:||On or Before 15th October 2019|
|Listing Date:||On or Before 16th October 2019|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
|Company Contact Info:|
|Vishwaraj Sugar Industries Ltd
Bellad Bagewadi, Taluka Hukkeri,
District Belgaum – 591 305
Tel No.: +91 – 8333 – 251251
Fax No.: +91 – 8333 – 251322
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (E), Mumbai – 400 059.
Tel: +91 – 22 – 6263 8200;
|Lead Manager to the Issue:|
|ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001.
Tel No.: +91 – 22 – 6216 6999;