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24/09/2019 11:00

Vishwaraj Sugar Ind announces launch of initial public offering

Vishwaraj Sugar Industries Ltd. has announced public offering of 10000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share. The gross proceeds of the issue are expected to be Rs 6,000.00 lakhs.

The company's initial public offer (IPO) will open on 30 September 2019 and is expected to close on 04 October 2019, subject to customary closing conditions. The price band of the issue has been fixed at Rs 55.00-60.00 per share.

The IPO includes a fresh Issue of 10000000 Equity Shares of the Company at an price of Rs 60.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 240 shares with bids in multiples of 240.

Vishwaraj Sugar Industries Ltd. anticipates using the proceeds of the issue for .

ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.