Vishwaraj Sugar Industries Ltd tapping the capital market on Sept 30

v  Issue size  of Rs. 60 Cr.

v  Listing on NSE & BSE- Main Board

Offer Schedules
Lower Price Band: Rs. 55 per share	Upper Price Band: Rs. 60 per share
Offer Opens on: Monday, September 30, 2019	Offer closes on: Friday, October 4, 2019
Minimum Bid lot of 240 equity shares	Thereafter in multiples of 240 equity shares

Mumbai, September 26, 2019: Vishwaraj Sugar Industries Limited (henceforth referred to as ‘VSIL’ or ‘Company’), is an integrated sugar manufacturing company based in Belgaum district of Karnataka, having licensed sugarcane crushing capacity of 11,000 TCD and an integration for Rectified Spirit, Extra Neutral Spirits (ENA), Indian Made Liquor (IML), Vinegar, Compost, Carbon Di-oxide and Co-generation Power Plant. The Company is now entering the capital markets with initial public offering for 1,00,00,000 equity shares of face value of Rs. 10 per share are being offered through book building process at a price band of Rs. 55 – Rs. 60/- per share. The offer will open on Monday, September 30, 2019 and close on Friday October 4, 2019.

The public can bid in minimum lot size of 240 shares and in multiples of 240 shares thereafter. The QIB, Non-Institutional Investor and Retail portion is 10,00,000, 40,00,000 and 50,00,000 equity shares respectively in accordance with the SEBI ICDR Regulations. Under-subscription, if any, in any category, except in the QIB Portion, would be allowed to be met with spill over from any other category or a combination of categories.  

The funds raised through the public offer are proposed to be primarily utilized to Finance the working capital requirement of the Company.  The equity shares of the company are proposed to be listed on the BSE Ltd. (‘BSE’) and National Stock Exchange of India Ltd (‘NSE’). The Book Running Lead Manager to the Offer is Aryaman Financial Services Ltd and Registrar to the Offer is Bigshare Services Pvt. Ltd.