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Shri Venkatesh Refineries IPO

SME IPO Status: Closed [29th Sep 2021 to 1st Oct 2021]

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Shri Venkatesh Refineries SME IPO Review

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Shri Venkatesh Refineries, popular as Rich Soya IPO of Rs. 11.71 Cr comprising a fresh issue of Rs. 29,28,000 shares to hit the market soon to list on the BSE SME platform. The IPO opens for subscription from 29 September to 1st October 2021. The price is fixed at Rs. 40, 4 times of Rs. 10 face value. Bids can be applied for 3000 shares and multiple. Stay updated with us to know more about the price band, lot size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Shri Venkatesh Refineries SME IPO Details

SME IPO Issue Opening Date: 29th Sep 2021
SME IPO Issue Closing Date: 1st Oct 2021
SME IPO Issue Price: ₹40
IPO Listing At: BSE SME
IPO Category: SME
SME IPO Issue Type: Fixed price IPO
SME IPO Issue Size: ₹11.71 Cr
Fresh Issue: 29,28,000 shares at ₹40 per share [Aggregating to ₹11.71 Cr]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Market Lot: 3000 Shares
Min Retail Qty: 3000 shares (1 lot)
Max Retail Qty: 3000 shares (1 lot)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: TBD
BSE Code: 543373
IPO Live GMP IPO Live GMP

Shri Venkatesh Refineries SME IPO Important Dates

In this section we have covered all important dates related to Shri Venkatesh Refineries SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Shri Venkatesh Refineries SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open 29th Sep 2021
SME IPO Issue Close 1st Oct 2021
Basis of Allotment Finalisation Date* 6th Oct 2021
Refunds Initiation* 8th Oct 2021
Credit of Shares to Demat Account* 8th Oct 2021
SME IPO Listing Date* 11th Oct 2021

* - Tentative Dates

About Company - Shri Venkatesh Refineries

Shri Venkatesh Refineries Limited branded as "Rich Soya" is one of the most growing edible oil refiner companies in the Maharashtra region. The company aims to branded "Rich Soya" as a leading market player in the edible oil market. The key business activities of the firm is to refine and preserve edible oils i.e. soyabean and cotton seed oil. Currently, the firm's total refining capacity is 36,000 tons. It further undertakes trading (buying and selling) activities of edible oil mainly soyabean, cotton seed, sunflower, and palm oil.

Its manufacturing facility is located at Jalgaon, Maharashtra with versatile oil refining infrastructure and aggregated storing capacity of 6,000 MT.

Incorporation Sector IPO Issue Size Website
2003 Edible Oils ₹11.71 Cr http://www.richsoya.in/

Shri Venkatesh Refineries SME IPO Objective

  1. To purchase machinery and equipment.
  2. Meet working capital requirements.
  3. Meet issue expenditures.
  4. Meet general corporate purposes.

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Shri Venkatesh Refineries SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,389,000 Shares
  • Retail Individual Investor: 1,392,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,389,000 (49.95%)1,392,000 (50.05%)2,781,000
129th Sep 2021 10:211.16x0.66x0.91x
230th Sep 2021 05:161.25x1.59x1.42x
31st Oct 2021 06:562.43x3.81x3.12x

Shri Venkatesh Refineries Financials for past 3 Years

Past performance and financial results of Shri Venkatesh Refineries.

Shri Venkatesh Refineries financial
Shri Venkatesh Refineries Financials (In ₹Lakh) 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹9,340.60 ₹6,725.52 ₹4,911.10
Total Income ₹33,699.35 ₹23,551.77 ₹22,698.87
Net Profit/Loss ₹350.80 ₹220.75 ₹126.05

Shri Venkatesh Refineries SME IPO Strengths

  • Wide range of edible oil products availability i.e. soybean, palm, cotton seed, and sunflower oil.
  • Rich Soya is an established brand name in the edible oil market.
  • Established distribution network with over 140 dealers and distributors.
  • Modern and versatile refining infrastructure of manufacturing unit at Jalgaon, Maharashtra.

Shri Venkatesh Refineries SME IPO Threats/Weaknesses

  • Unavailability of raw materials and high material costs would have a significant impact on business operations.
  • Changing consumer preferences and tastes will have a negative impact on the brand reputation.
  • Inability to expand the network reach of distributors and dealers will affect revenue and profitability growth aspects.
  • Under-utilisation of installed manufacturing capacity may affect the company's financial performance.

Shri Venkatesh Refineries SME IPO Recommendations

Shri Venkatesh Refineries SME IPO DRHP >>Document

Shri Venkatesh Refineries SME IPO RHP >>Document

Shri Venkatesh Refineries SME IPO Allotment Status >>Link

Company Address

Shri Venkatesh Refineries Limited
GAT NO. 16, Umarde,
Erandol, Jalgaon, ,Maharashtra-425109
India
Website: http://www.richsoya.in/
Phone: +91-02588-244452
Email: [email protected]

Shri Venkatesh Refineries SME IPO Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: http://www.purvashare.com
Phone: +91-022-23018261/ 23016761
Email: [email protected]

Shri Venkatesh Refineries SME IPO Lead Manager

  1. Hem Securities Limited
Shri Venkatesh Refineries SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Shri Venkatesh Refineries? Should I apply in Shri Venkatesh Refineries SME IPO?

Last Updated on 2021-10-18T09:54:02+00:00


User Reviews

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5. Nanda 9/25/2021 10:06:11 AM Reply
Shri Venkatesh Refineries SME IPO expected listing gain.
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4. Swapnil 9/25/2021 10:06:11 AM Reply
Please confirm Shri Venkatesh Refineries SME IPO GMP (grey market premium) and kostak.
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3. Harish Patel 9/25/2021 10:06:11 AM Reply
Shri Venkatesh Refineries SME IPO good or bad.
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2. Vasantha  9/25/2021 10:06:11 AM Reply
Shri Venkatesh Refineries SME IPO whether to invest or not.
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1. Dilip Kumar wadhwani 9/25/2021 10:06:11 AM Reply
Shri Venkatesh Refineries SME IPO - CRISIL Rating, Apply or not?.