Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Wed, Sep 29, 2021 - Fri, Oct 1, 2021
Shri Venkatesh Refineries IPO is a fixed price issue of ₹11.71 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹11.71 crore.
Shri Venkatesh Refineries IPO bidding started from Sep 29, 2021 and ended on Oct 1, 2021. The allotment for Shri Venkatesh Refineries IPO was finalized on Oct 6, 2021. The shares got listed on BSE SME on Oct 11, 2021.
Shri Venkatesh Refineries IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Shri Venkatesh Refineries IPO RHP for detailed Information.
IPO Open
Wed, Sep 29, 2021
IPO Close
Fri, Oct 1, 2021
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹44.24 Cr
| IPO Date | 29 Sep to 1 Oct, 2021 |
| Listed on | Mon, Oct 11, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 29,28,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,47,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.5880 Cr) |
| Fresh Issue (Ex Market Maker) | 27,81,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 27,81,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 81,31,664 shares |
| Share Holding Post Issue | 1,10,59,664 shares |
| BSE Script Code | 543373 |
| ISIN | INE0HLJ01013 |
Shri Venkatesh Refineries IPO comprises a total issue size of 29,28,000 shares. The net offer to the public is 27,81,000 shares, after excluding 1,47,000 shares allotted on a firm basis. Of the Net offer 13,89,000 (49.95%) allocated to NII 13,92,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,89,000 | 49.95% | 47.44% |
| Retail Shares Offered | 13,92,000 | 50.05% | 47.54% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,47,000 | 5.02% | |
| Total Shares Offered | 29,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 8.78 |
| 2 | General Corporate Purpose | 1.46 |
The Shri Venkatesh Refineries IPO is subscribed 3.12 times on October 1, 2021 6:54:00 AM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.43 | 13,89,000 | 33,72,000 |
| Retail | 3.81 | 13,92,000 | 53,04,000 |
| Total | 3.12 | 27,81,000 | 86,76,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.18 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | For Underwriting fees | 0.35 |
| 8 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses) | 0.82 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹43.50 |
| Last Trade | ₹42.10 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Shri Venkatesh Refineries IPO is a SME IPO of 29,28,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Sep 29, 2021, and closes on Fri, 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
Visit Zerodha IPO Application Process Review for more detail.
The Shri Venkatesh Refineries IPO opens on Wed, Sep 29, 2021 and closes on Fri, Oct 1, 2021.
Shri Venkatesh Refineries IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shri Venkatesh Refineries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Oct 8, 2021. Check the Shri Venkatesh Refineries IPO allotment status.
The Shri Venkatesh Refineries IPO listing date is on Mon, Oct 11, 2021.
