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The company’s primary activity is the refining and preservation of edible oils, especially soyabean oil and cotton seed oil. The business process begins with the acquisition of raw oil, followed by refining, packaging, and sale of edible oil. The firm now has a refining capacity of over 36,000 tonnes. Apart from the refining of edible oil, it also trades edible oil, namely soyabean oil, cotton seed oil, and palm oil.
Shri Venkatesh Refineries sells edible oil in Maharashtra under the brand name “Rich Soya.” In 2019, the firm increased its refining capacity from 17,310 tonnes to 36,000 tonnes in order to grow its scale of operations and market presence. The firm has a well-established network of distributors spanning over Maharashtra. It installed 650KWH of environmentally friendly solar power panels at its industrial facilities in 2018. The power produced by these solar plants is utilised only for captive use.
| Subscription Dates | 29 September – 1 October 2021 |
| Price Band | INR40 per share |
| Fresh issue | 2,928,000 shares (INR11.71 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,928,000 shares (INR11.71 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| FY2018 | FY2019 | FY2020 | FY2021 | |
| Revenue | 132.42 | 226.99 | 235.52 | 336.99 |
| Expenses | 131.58 | 225.13 | 232.52 | 332.30 |
| Net income | 0.59 | 1.26 | 2.21 | 3.51 |
Earnings Per Share (EPS): INR4.31
Price/Earnings (PE ratio): 9.28
Return on Net Worth (RONW): 26%
Net Asset Value (NAV): INR16.59 per share
Date | Shri Venkatesh Refineries IPO GMP | Kostak | Subject to Sauda |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Shri Venkatesh Refineries Limited | Oct 11, 2021 | 40 | 42.1 | 5.25% |
NSE : NA
ISIN CODE : INE0HLJ01013
BSE : 543373
Dilip Davda – May Apply
IPO Opening Date: 29 September 2021
IPO Closing Date: 1 October 2021
Finalisation of Basis of Allotment: 6 October 2021
Initiation of refunds: 8 October 2021
Transfer of shares to demat accounts: 8 October 2021
Listing Date: 11 October 2021
Opening Price on BSE: INR42 per share (up 5% from IPO price)
Closing Price on BSE: INR42.1 per share (up 5.25% from IPO price)
Shri Venkatesh Refineries Limited
GAT NO. 16, Umarde,
Erandol, Jalgaon,
Maharashtra, 425109
Phone: +91 02588-244452
Email: info@richsoya.in
Website: www.richsoya.in
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email: support@purvashare.com
Website: www.purvashare.com
Category | Non-retail | Retail | Total |
Shares Offered | 1,464,000 | 1,464,000 | 2,928,000 |
Day 1 | 1.10 | 1.58 | 0.86 |
Day 2 | 1.25 | 1.59 | 1.42 |
Day 3 | 2.30 | 3.62 | 2.96 |
The Shri Venkatesh Refineries Limited IPO is a SME IPO of ₹40 per equity share with a face value of ₹10 per equity share.
The issue size is priced at 2,928,000 Eq Shares of ₹10(aggregating up to ₹1.60 Crore). The Fresh issue size is priced at 1,600,000 Eq Shares of ₹10(aggregating up to ₹11.71 Crore).The initial public offering (IPO) begins on Sep 29, 2021 and ends on Oct 1, 2021.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE, SME.
The Shri Venkatesh Refineries Limited IPO opens on Sep 29, 2021 and closes on Oct 1, 2021.
The Shri Venkatesh Refineries Limited IPO Market lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
The finalization of Basis of Allotment for Shri Venkatesh Refineries Limited 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 Limited IPO status.
The Shri Venkatesh Refineries Limited IPO listing date is Oct 11, 2021.
Shri Venkatesh Refineries Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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