Shri Venkatesh Refineries Limited IPO Detail
Incorporated in 2003, Shri Venkatesh Refineries is one of the growing edible oil refining companies in Maharashtra under the brand name, Rich Soya. It primarily undertakes refining and preservation of Edible oils (Soyabean oil and cotton seed oil) and has a total refining capacity of 36000 tons. It is further engaged in the trading activities of soyabean oil, palm oil, cotton seed oil, and sunflower oil. The company aims to create "Rich Soya" a leading edible oil brand name by serving quality edible oil at an affordable price.
The company has a manufacturing facility located at Jalgaon, Maharashtra with a total storing capacity of 6000 MT.
Competitive strengths
- "Rich Soya" is a strong brand name in the edible oil industry.
- Best quality edible oil products.
- Established distribution network with 140+ dealers and distributors across the state of Maharashtra.
- Experienced and quality management team.
Company Promoters
Mr. Dinesh Ganapati Kabre, Mr. Anil Ganapati Kabre, Mr. Shantanu Ramesh Kabre and Mr. Prasad Dinesh Kabre are the company promoters.IPO Details
| IPO Opening Date | Sep 29, 2021 |
| IPO Closing Date | Oct 01, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.71 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 1.16x | 0.66x | 0.91x |
IPO Tentative Timetable
The Shri Venkatesh Refineries Limited IPO open date is Sep 29, 2021, and the close date is Oct 01, 2021. The issue may list on Oct 11, 2021.
| IPO Open Date | Sep 29, 2021 |
| IPO Close Date | Oct 01, 2021 |
| Basis of Allotment Date | Oct 06, 2021 |
| Initiation of Refunds | Oct 08, 2021 |
| Credit of Shares to Demat Account | Oct 08, 2021 |
| IPO Listing Date | Oct 11, 2021 |
IPO Lot Size
The Shri Venkatesh Refineries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 91.90 | 132.38 | 1.6022 |
| 31-Mar-20 | 67.26 | 235.52 | 2.21 |
| 31-Mar-19 | 49.11 | 226.99 | 1.26 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Meet working capital requirements.
- General corporate puropses.
- To meet issue expenditures.
