Shri Venkatesh Refineries IPO description – The company is primarily engaged in the business of refining and preservation of edible oils mainly soyabean oil and cotton seed oil. The business process involves purchase of the raw oil, then refining, packaging and selling of the edible oil. At present, the company has a refining capacity of almost 36,000 tons. Apart from the refining of edible oil, it is also engaged in the business of trading of edible oil mainly soyabean oil, cotton seed oil and palm oil.
Shri Venkatesh Refineries sells the edible oil under the brand name “Rich Soya” in Maharashtra region. During 2019, the company expanded its refining capacity from 17,310 tons to 36,000 tons with a view towards expanding the scale of operations and increasing its market presence. The company has a well-established network spread across Maharashtra catered by distributors. In 2018, it setup environment friendly solar power panels of 650KWH at its factory premises. The electricity generated at these solar plants is used for captive consumption.
Promoters of Shri Venkatesh Refineries – Mr Dinesh Ganapati Kabre, Mr Anil Ganapati Kabre, Mr Shantanu Ramesh Kabre and Mr Prasad Dinesh Kabre
Shri Venkatesh Refineries offer details
| 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 |
Shri Venkatesh Refineries Financial Performance (in INR crore)
| 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 |
More about Shri Venkatesh Refineries Offer
Shri Venkatesh Refineries IPO RHP
Shri Venkatesh Refineries DRHP
Shri Venkatesh Refineries IPO Allotment Status
Registrar of Shri Venkatesh Refineries Offer
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: [email protected]
Website: www.purvashare.com
Shri Venkatesh Refineries Contact Details
Shri Venkatesh Refineries Limited
GAT NO. 16, Umarde, Erandol, Jalgaon, Maharashtra, 425109
Phone: +91 02588-244452
Email: [email protected]
Website: www.richsoya.in
Valuation of Shri Venkatesh Refineries (as of FY2021)
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
Shri Venkatesh Refineries IPO GMP Daily Trend
| Date | Shri Venkatesh Refineries IPO GMP | Kostak | Subject to Sauda |
Shri Venkatesh Refineries IPO Subscription Details (no. of times)
| 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 |
Shri Venkatesh Refineries Offer Allotment Status
Shri Venkatesh Refineries IPO allotment is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Listing Performance of Shri Venkatesh Refineries
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 IPO FAQs
What are investors portions in Shri Venkatesh Refineries IPO?
Retail investors are entitled to get 50% of the shares while the other 50% are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Shri Venkatesh Refineries Public Offer?
The best way to apply in Shri Venkatesh Refineries IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Shri Venkatesh Refineries Offer Size?
Shri Venkatesh Refineries offer size is INR11.71 crores.
What is Shri Venkatesh Refineries IPO Price Band?
Shri Venkatesh Refineries IPO Price is INR40 per share.
What is the lot size of Shri Venkatesh Refineries IPO?
Shri Venkatesh Refineries IPO lot size and the minimum order is 3,000 shares.
