HomeIPO SMEShri Venkatesh Refineries IPO Details

Shri Venkatesh Refineries IPO Details

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Shri Venkatesh Refineries IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents


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About Shri Venkatesh Refineries

Shri Venkatesh Refineries Limited (SVRL) is one of the fastest-growing refinery company under Brand name “Rich Soya”. 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 the purchase of the raw oil, then refining, packaging and selling of the edible oil. At present, the company has a refining capacity of almost 36000 tons. Apart from the refining of edible oil, the company also engaged in the business of trading of edible oil mainly soyabean oil, cotton seed oil and palm oil.

The company is one of the growing companies engaged in the refining of edible oil in the Maharashtra region selling the edible oil under the brand name “Rich Soya”. The focus on creating “Rich Soya” a leading brand name among the different edible oil brands by serving good quality and healthy edible oil at an affordable prices.

Important Details – Shri Venkatesh Refineries

February 28, 2003The company was originally incorporated as “Shri Venkatesh Refineries Private Limited” Mumbai
December 10, 2020The company was converted into a public limited company
December 30, 2020The name of the company was changed to “Shri Venkatesh Refineries Limited”

Objects of the Issue

  • To meet Working Capital requirements
  • General Corporate Purpose
  • To meet issue expenses

Shri Venkatesh Refineries Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 9,340.60 6,725.52 4,911.10
Total income 33,699.35 23,551.77 22,698.87
Total Expenses 33,230.35 23,252.36 22,512.94
Profit After Tax 350.80 220.75 126.05

Shri Venkatesh Refineries IPO Price – Details

DetailsSVRL IPO Details
Public IssueInitial Public Offer of up to 29,28,000 Equity Shares of ₹ 10 (aggregating up to ₹ 11.71 crores)
Issue Open  Date29-Sep-21
Issue Close Date01-Oct-21
Issue TypeFixed Price
IPO Price Band₹ 40
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Shri Venkatesh Refineries IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,20,000
Maximum13000₹ 1,20,000

Shri Venkatesh Refineries IPO Lead Managers

  • Hem Securities Limited

Shri Venkatesh Refineries Registrar

  • Purva Sharegistry (India) Pvt. Ltd

SVRL IPO Allotment Date, Listing Date

Bid / Offer Opens on29-Sep-21
Bid / Offer Closes on01-Oct-21
Finalisation of Basis of Allotment06-Oct-21
Initiation of refunds 08-Oct-21
Credit of the Equity Shares08-Oct-21
Commencement of trading – Listing11-Oct-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value Total income, for Financial Year 2021
(in ₹ crores)
NAV, as on March 31, 2021
(₹ per share)
Shri Venkatesh Refineries Limited10336.9916.59
Gokul Agro Resources Ltd 27,682.0523.01
BCL Industries Ltd101,436.07120.22
Vijay Solvex Ltd102,075.42661.42
Ajanta Soya Ltd10939.0349.3

Company Registered Office

GAT NO. 16, Umarde,
Erandol, Jalgaon,
Maharashtra, 425109, India.
Website: www.richsoya.in

Company Promoters

  • Mr. Dinesh Ganapati Kabre
  • Mr. Anil Ganpati Kabre
  • Mr. Shantanu Ramesh Kabre
  • Mr. Prasad Dinesh Kabre

Shri Venkatesh Refineries IPO – FAQS

What is the Shri Venkatesh Refineries IPO Price?

The Shri Venkatesh Refineries IPO price band is 40 per share

When Shri Venkatesh Refineries IPO will open?

The Shri Venkatesh Refineries IPO opens on Sep 29, 2021 and closes on Oct 01, 2021

What is the lot size of Shri Venkatesh Refineries IPO?

The Shri Venkatesh Refineries IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Shri Venkatesh Refineries IPO?

The Registrar for Shri Venkatesh Refineries IPO is Purva Sharegistry (India) Private Limited

How to apply in Shri Venkatesh Refineries IPO through UPI?

Check the step by step process here – Click here

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