The simultaneous offer for sale and fresh issue from Vishwaraj Sugar Industries Limited was subscribed. The company had tapped the capital with a fresh issue of 30 lac shares and an offer for sale of 70 lac shares in a price band of Rs 55-60. The issue was open from Monday 30th September to Friday 4th October.
The issue was subscribed 1.12 times overall with QIB portion subscribed one time, HNI portion subscribed 1.76 times and Retail portion subscribed 0.64 times.
Vishwaraj Sugar Subscription
| Bucket Size | Shares Applied for | Times Oversubscribed | |
| QIB | 1000000 | 1000080 | 1.00 |
| HNI | 4000000 | 7025760 | 1.76 |
| Retail | 5000000 | 3178800 | 0.64 |
| Total | 10000000 | 11204640 | 1.12 |
The company is into the production of sugar, rectified spirits, ENA (Extra-Neutral Spirit), Indian made Liquor, Vinegar and generation of power. The plant is located in Belgaum district of Karnataka.
