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Shri Venkatesh Refineries Limited IPO (Shri Venkatesh Refineries IPO) Detail

Sep 29, 2021 - Oct 1, 2021

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.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 934.06 672.55 491.11
Total Revenue 3,369.93 2,355.17 2,269.88
Profit After Tax 35.08 22.07 12.60

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.

Shri Venkatesh Refineries IPO Details

IPO Opening Date Sep 29, 2021
IPO Closing Date Oct 1, 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 Size2,928,000 Eq Shares of ₹10
(aggregating up to ₹11.71 Cr)

Shri Venkatesh Refineries IPO Tentative Timetable

The Shri Venkatesh Refineries IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.

IPO Open Date Sep 29, 2021
IPO Close Date Oct 1, 2021
Basis of Allotment Date Oct 6, 2021
Initiation of Refunds Oct 8, 2021
Credit of Shares to Demat Account Oct 8, 2021
IPO Listing Date Oct 11, 2021

Shri Venkatesh Refineries IPO Lot Size

The Shri Venkatesh Refineries IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹120,000
Maximum 1 3000 ₹120,000

Shri Venkatesh Refineries IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.53

Shri Venkatesh Refineries IPO Subscription Status (Bidding Detail)

The Shri Venkatesh Refineries IPO is subscribed 3.12 times on Oct 1, 2021 06:54. The public issue subscribed 3.81 in the retail category, in the QIB category, and 2.43 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

2.43

RII

3.81

Total

3.12

Shri Venkatesh Refineries IPO Prospectus

Shri Venkatesh Refineries IPO Rating

82
3.7
Rating:Rated 3.7 stars
Vote Here ...

Shri Venkatesh Refineries IPO Listing Date

Listing Date Monday, October 11, 2021
BSE Script Code 543373
NSE Symbol
Listing In MT Group of Securities
ISIN INE0HLJ01013
IPO Price ₹40 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹42.00
₹42.00
₹43.50
₹42.10

Company Contact Information

Shri Venkatesh Refineries Limited
GAT NO. 16, Umarde,
Erandol, Jalgaon, 425109

Phone: +91-02588-244452
Email: info@richsoya.in
Website: http://www.richsoya.in/

Shri Venkatesh Refineries IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Shri Venkatesh Refineries IPO Reviews / Ratings

Shri Venkatesh Refineries IPO Lead Manager(s)

Shri Venkatesh Refineries IPO FAQs

Shri Venkatesh Refineries IPO is a SME IPO of 2,928,000 equity shares of the face value of ₹10 aggregating up to ₹11.71 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 29, 2021, and closes on Oct 1, 2021.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Shri Venkatesh Refineries IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Venkatesh Refineries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Shri Venkatesh Refineries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shri Venkatesh Refineries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shri Venkatesh Refineries IPO opens on Sep 29, 2021 and closes on Oct 1, 2021.

Shri Venkatesh Refineries IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Shri Venkatesh Refineries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shri Venkatesh Refineries IPO will be done on Oct 6, 2021, and the allotted shares will be credited to your demat account by Oct 8, 2021. Check the Shri Venkatesh Refineries IPO allotment status.

The Shri Venkatesh Refineries IPO listing date is on Monday, October 11, 2021.

Shri Venkatesh Refineries IPO Message Board

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