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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 ₹40.00 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). The minimum lot size investment for 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 Date | September 29, 2021 to October 1, 2021 |
| Listing Date | October 11, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,28,000 shares (aggregating up to ₹11.71 Cr) |
| Reserved for Market Maker | 1,47,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.5880 Cr) |
| Net Offered to Public | 27,81,000 shares (aggregating up to ₹11.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 81,31,664 shares |
| Share Holding Post Issue | 1,10,59,664 shares |
Shri Venkatesh Refineries IPO offers total 29,28,000 shares. Out of which 13,89,000 (47.44%) allocated to NII, 13,92,000 (47.54%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,47,000 (5.02%) |
| NII (HNI) Shares Offered | 13,89,000 (47.44%) |
| Retail Shares Offered | 13,92,000 (47.54%) |
| Total Shares Offered | 29,28,000 (100.00%) |
Shri Venkatesh Refineries IPO opens on September 29, 2021, and closes on October 1, 2021.
| IPO Open Date | Wed, Sep 29, 2021 |
| IPO Close Date | Fri, Oct 1, 2021 |
| Tentative Allotment | Wed, Oct 6, 2021 |
| Initiation of Refunds | Fri, Oct 8, 2021 |
| Credit of Shares to Demat | Fri, Oct 8, 2021 |
| Tentative Listing Date | Mon, Oct 11, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 1, 2021 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Shri Venkatesh Refineries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 8.78 |
| 2 | General Corporate Purpose | 1.46 |
[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...
| Listing Date | October 11, 2021 |
| BSE Script Code | 543373 |
| NSE Symbol | |
| ISIN | INE0HLJ01013 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹43.50 |
| Last Trade | ₹42.10 |
Shri Venkatesh Refineries Ltd.
GAT NO. 16, Umarde,
Erandol, Jalgaon,
Erandol, Maharashtra, 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
Shri Venkatesh Refineries IPO is a SME IPO of 29,28,000 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.
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, 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 Friday, October 8, 2021. Check the Shri Venkatesh Refineries IPO allotment status.
The Shri Venkatesh Refineries IPO listing date is on Monday, October 11, 2021.
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