Dwarikesh Sugar Industries IPO
Dwarikesh Sugar Industries IPO — date, price band, lot size & details 2004
Dwarikesh Sugar Industries listed on 31 Dec 2004 at ₹90, 38.5% above the ₹65 issue price.
Dwarikesh Sugar Industries makes white crystal sugar in Uttar Pradesh and sells surplus power to the state utility. Its total income was Rs 120.25 crore in the year to September 2004.
Stock price
Dwarikesh Sugar Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 29 Nov 2004
- Close 03 Dec 2004
- Allotment 24 Dec 2004
- Refund/credit TBA
- Listing 31 Dec 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Nov to 3 Dec, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹32.53 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹65 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹6,500 |
| Retail (max) | 30 | 3,000 | ₹1,95,000 |
| S-HNI (min) | 31 | 3,100 | ₹2,01,500 |
| S-HNI (max) | 153 | 15,300 | ₹9,94,500 |
| B-HNI (min) | 154 | 15,400 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its installed capacity was 6500 TCD after expansion in FY2002-03.
- 02Total income rose from Rs 95.95 crore in the year to September 2001 to Rs 120.25 crore in the year to September 2004.
- 03Profit after tax rose from Rs 2.06 crore in the year to September 2003 to Rs 9.76 crore in the year to September 2004.
- 04It had a long term power sale agreement with UPPCL; net worth was Rs 38.98 crore.
Risks · 5
- 01Sugar profits swing with cane prices and sugar prices; profit was only Rs 1.02 crore in the year to September 2002.
- 02Total borrowing was Rs 58.76 crore in September 2004, well above its net worth of Rs 38.98 crore.
- 03There were 18 labour cases pending against it in courts at Rampur, Bijnor and Moradabad.
- 04Sugar prices and cane supply are set by government rules and the monsoon; profit was Rs 9.57 crore in the year to September 2000.
- 05Promoter holding fell from 90.36% before the issue to 54.39% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Dwarikesh Sugar Industries offer document.
| Metric | 30 Sep 2004 | 30 Sep 2003 | 30 Sep 2002 | 30 Sep 2001 | 30 Sep 2000 |
|---|---|---|---|---|---|
| Total Income | 120.25 | 110.43 | 106.71 | 95.95 | 98.94 |
| Profit After Tax | 9.76 | 2.06 | 1.02 | 2.33 | 9.57 |
| NET Worth | 38.98 | 36.52 | 40.83 | 40.90 | 45.06 |
| Reserves and Surplus | 30.32 | 22.86 | 27.17 | 27.24 | 35.04 |
| Total Borrowing | 58.76 | - | - | - | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Dwarikesh Sugar Industries RHP.
Where the money goes
₹38.50 Cr of the issue is earmarked to named objects.
About the company
It makes white crystal sugar with an automated process, and its installed capacity was raised from 5000 TCD to 6500 TCD (tonnes of cane per day) in FY2002-03.
It has a long term agreement to supply power to UPPCL at a set price with an escalation clause. Its sugar year ends on 30 September.
The IPO was Rs 32.53 crore and was entirely a fresh issue at Rs 65 per share, with a face value of Rs 10.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Dwarikesh Sugar Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Dwarikesh Sugar Industries?
The current Grey Market Premium is ₹0.
What is the Dwarikesh Sugar Industries IPO price band?
₹65, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 December 2004, with listing on 31 December 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
