Vishwaraj Sugar IPO opens for subscription today

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Chennai: Five company’s initial public offer (IPO), including Karnataka-based Vishwaraj Sugar Industries, have hit the market on Monday. Vishwaraj Sugar Industries plans to raise Rs 60 crore through fresh issues. The company offered 1 crore equity shares at a price band of Rs 55-60 per share. The IPO comprises of an offer for sale of 70 lakh shares and 30 lakh fresh issue, with a face value of Rs 10 per share.

The IPO of Vishwaraj Sugar Industries received bids for 39.24 lakh shares today, 30 September 2019, as against 1 crore shares on offer.

The other companies include IRCTC, Goblin India, Gensol Engineering and Tutorials Point India.

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