Shree Renuka Sugars IPO
Shree Renuka Sugars IPO — date, price band, lot size & details 2005
Shree Renuka Sugars listed on 31 Oct 2005 at ₹315, 10.5% above the ₹285 issue price.
Shree Renuka Sugars is a Karnataka based sugar company that makes sugar, including refined sugar from imported raw sugar, and runs a molasses based distillery. Its profit after tax was Rs 38.16 crore in nine months to June 2005.
Stock price
Shree Renuka Sugars 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 07 Oct 2005
- Close 14 Oct 2005
- Allotment TBA
- Refund/credit TBA
- Listing 31 Oct 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 14 Oct, 2005 |
|---|---|
| Price Band | ₹250 – ₹300 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹110 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,700 |
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 20 shares at the ₹285 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹5,700 |
| Retail (max) | 35 | 700 | ₹1,99,500 |
| S-HNI (min) | 36 | 720 | ₹2,05,200 |
| S-HNI (max) | 175 | 3,500 | ₹9,97,500 |
| B-HNI (min) | 176 | 3,520 | ₹10,03,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax was Rs 38.16 crore in nine months to June 2005.
- 02Net worth was Rs 60.74 crore on 30 June 2005.
- 03It had 3 lines of business: cane sugar, refining of imported raw sugar, and a distillery.
- 04The whole Rs 110 crore issue was fresh money for the company.
Risks · 5
- 01Sugar prices and cane prices are set largely by government policy and the monsoon; net worth was only Rs 60.74 crore.
- 02Refining imported raw sugar adds global price and currency risk; reserves were Rs 46.86 crore.
- 03It was involved in criminal, excise and company law cases, as disclosed in the prospectus, including 2 writ petitions in the Karnataka High Court.
- 04Its income figures could not be checked against the prospectus and are not shown; 1 period of figures is available.
- 05Promoter group holding fell from 55.79% before the issue to 46.77% after it, assuming the green shoe was exercised.
The numbers
All figures in ₹ crore, as reported in the Shree Renuka Sugars offer document.
| Metric | 30 Jun 2005 |
|---|---|
| Profit After Tax | 38.16 |
| NET Worth | 60.74 |
| Reserves and Surplus | 46.86 |
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 Shree Renuka Sugars RHP.
Where the money goes
₹138.36 Cr of the issue is earmarked to named objects.
About the company
It makes sugar from cane, imports raw sugar to refine into white sugar, and runs a molasses based distillery.
It grows through sugar trading as well as manufacturing.
The IPO was Rs 110 crore and was entirely a fresh issue at Rs 285 within the Rs 250 to Rs 300 band, with a green shoe option.
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.
Shree Renuka Sugars 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.
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 Shree Renuka Sugars?
The current Grey Market Premium is ₹0.
What is the Shree Renuka Sugars IPO price band?
₹250 to ₹300, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 31 October 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
