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Shri Venkatesh Refineries IPO is a fixed price issue of Rs 11.71 crores.
Shri Venkatesh Refineries IPO bidding started from September 29, 2021 and ended on October 1, 2021. The allotment for Shri Venkatesh Refineries IPO was finalized on Wednesday, October 6, 2021. The shares got listed on BSE SME on October 11, 2021.
Shri Venkatesh Refineries IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Hem Securities Limited is the book running lead manager of the Shri Venkatesh Refineries IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Shri Venkatesh Refineries IPO RHP for detailed information.
| IPO Date | September 29, 2021 to October 1, 2021 |
| Listing Date | October 11, 2021 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,928,000 shares (aggregating up to ₹11.71 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,131,664 |
| Share holding post issue | 11,059,664 |
| Market Maker portion | 147,000 shares |
Shri Venkatesh Refineries IPO offers 2,928,000 shares. 1,389,000 (47.44%) to NII, 1,392,000 (47.54%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 147,000 (5.02%) |
| Other Shares Offered | 1,389,000 (47.44%) |
| Retail Shares Offered | 1,392,000 (47.54%) |
| Total Shares Offered | 2,928,000 (100%) |
Shri Venkatesh Refineries IPO opens on September 29, 2021, and closes on October 1, 2021.
| IPO Open Date | Wednesday, September 29, 2021 |
| IPO Close Date | Friday, October 1, 2021 |
| Basis of Allotment | Wednesday, October 6, 2021 |
| Initiation of Refunds | Friday, October 8, 2021 |
| Credit of Shares to Demat | Friday, October 8, 2021 |
| Listing Date | Monday, October 11, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2021 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Dinesh Ganapati Kabre, Mr. Anil Ganapati Kabre, Mr. Shantanu Ramesh Kabre and Mr. Prasad Dinesh Kabre are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53 |
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
| 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 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] The company operates in a high volume/thin margin segment of edible oil refining. It has posted steady growth in top and bottom lines for the last three fiscals. Based on financial parameters, the issue is fully priced. Cash surplus investors may consider an investment with a long term perspective. Read detail review...
The Shri Venkatesh Refineries IPO is subscribed 3.12 times on October 1, 2021 6:54:00 AM. The public issue subscribed 3.81 times in the retail category, times in the QIB category, and 2.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.43 |
| Retail | 3.81 |
| Total | 3.12 |
| Listing Date | October 11, 2021 |
| BSE Script Code | 543373 |
| NSE Symbol | |
| ISIN | INE0HLJ01013 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹42.00 |
| ₹42.00 |
| ₹43.50 |
| ₹42.10 |
Shri Venkatesh Refineries Limited
GAT NO. 16, Umarde,
Erandol, Jalgaon, 425109
Phone: +91-02588-244452
Email: info@richsoya.in
Website: http://www.richsoya.in/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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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 share. The minimum order quantity is 3000 Shares.
The IPO opens on September 29, 2021, and closes on October 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
Visit Zerodha IPO Application Process Review for more detail.
The Shri Venkatesh Refineries IPO opens on September 29, 2021 and closes on October 1, 2021.
Shri Venkatesh Refineries IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shri Venkatesh Refineries IPO will be done on Wednesday, October 6, 2021, and the allotted shares will be credited to your demat account by Friday, October 8, 2021. Check the Shri Venkatesh Refineries IPO allotment status.
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