• Skip to main content
  • Skip to primary sidebar
  • Startups
  • News
    • PC Bypoll 2021
    • Loksabha 2019
    • Assembly Elections
      • Search Name in Voters List
      • Know UR Polling Booth
    • Business
    • Letters to Editor
    • Vishwa Kannada Sammelana
    • Education
      • Did u know this
  • Infra
    • Real Estate
  • Lifestyle
    • History
      • Old Photos
      • Then & Now
    • Travel
    • Picnic spots
    • Ganesh Darshan
    • Food & Drink
    • Movies
    • ULB Polls
  • Specials
    • Stars of Belagavi
    • Trivia
    • Sports
  • City Guide
    • Weather
    • Air
    • Train
    • Bus
    • FAQ
    • IT Companies
    • KLE Centenary
    • iamBelagavi
    • Bapu – Bittoo
  • Food
  • Jobs
  • Covid19
All About Belgaum

All About Belgaum

Belagavi - Belgaum Latest News Online

belagavi
belagavi

Vishwaraj Sugar plans ₹60-crore public float IPO opens on 30 Sept

Sep 28, 2019 by Uday Sep 28, 2019 1 Comment

belagavi

Vishwaraj Sugar industries based in Bellad Bagewadi, Taluka: Hukkeri Belagavi District will tap the equity market through an IPO to raise ₹60 crore through offer-for-sale and fresh equity issuance.

The issue, which will be open for subscription between next Monday and Friday, has a price band of ₹55-60 a share and the minimum quantity for subscription is 240 equity shares. The equity shares will be listed on the BSE and the NSE.

belagavi

Of the one crore shares on offer, 40 farmers associated with the company will sell 66 lakh shares to raise ₹39.6 crore while the promoters will offload four lakh shares to mop up ₹2.4 crore.

vslVishwaraj Sugar produced 10 lakh quintals of sugar last year and is carrying an inventory of 5 lakh quanitals. In a bid to reduce inventory, the company plans to divert some of the sugar cane juice for producing ethanol and rectified spirit during this crushing season, said Mukesh Kumar, Executive Director, Vishwaraj Sugar. While the company’s total income increased 15 per cent to ₹308 crore (₹269 crore) in the year ended March 2019, it logged a net loss of ₹18 crore against loss of ₹4 crore) due to high finance cost of ₹36 crore (₹21 crore).

Promoters:
• Mr. Umesh Katti – Chairman & NonExecutive Director

• Mr. Ramesh Katti –

• Mrs. Sheela Katti

• Mrs. Jayashree Katti

• Mr. Nikhil Katti – Managing Director

• Mr. Lava Katti

• Mr. Kush Katti

• Mrs. Sneha Nithin Dev

belagavi
Follow us on Google News google news belagavi

About Uday

Reader Interactions

Comments

  1. shivaling anigol says

    Sep 29, 2019 at 1:46 PM

    Any openings

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

About Us  |  Contact us  | Advertise  |  Terms