Shri Venkatesh Refineries IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shri Venkatesh Refineries Limited IPO release date, IPO offer price, subscription, Shri Venkatesh Refineries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 40 |
| Listing At | BSE SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Oct 11, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 1,171 Lakh |
| Tick Size | 1 |
Shri Venkatesh Refineries Limited IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Shri Venkatesh Refineries Limited IPO – Summary
Their Company was incorporated on February 28, 2003, as Shri Venkatesh Refineries Private Limited vide Registration No. 139397 under the Companies Act, 1956. Subsequently, it was converted into a public limited Company vide special resolution passed at the Extra Ordinary General Meeting of the Company held on December 10, 2020, pursuant to which, they received a fresh certificate of incorporation dated December 30, 2020, issued by the Registrar of Companies, Maharashtra.
Their Company is primarily engaged in the business of refining and preservation of Edible oils mainly soyabean oil and cottonseed oil. The business process involves the purchase of the raw oil, then refining, packaging, and selling of the edible oil.
The Promoters of this company are Mr. Dinesh Ganapati Kabre, Mr. Anil Ganpati Kabre, Mr. Shantanu Ramesh Kabre & Mr. Prasad Dinesh. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is Purva Sharegistry (India) Pvt. Ltd. (Purva).
Shri Venkatesh Refineries Limited IPO Date
The opening and the closing date of the IPO of Shri Venkatesh Refineries Limited is not available yet.
Shri Venkatesh Refineries Limited IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29 Sep | 1.16x | 0.66x | 0.91x |
| 2nd Day – 30 Sep | 1.25x | 1.59x | 1.42x |
| 3rd Day – 1 Oct | 2.43x | 3.81x | 3.12x |
| Shares Offered or Net Issue | 1,389,000 | 1,392,000 | 2,781,000 |
The shares subscribed by the public will be updated here.
Shri Venkatesh Refineries Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shri Venkatesh Refineries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2021 |
| Refunds Initiation | Oct 8, 2021 |
| Credit of Shares to Demat Account | Oct 8, 2021 |
| Share Listing Date | Oct 11, 2021 |
Shri Venkatesh Refineries Limited IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.40
Shri Venkatesh Refineries Limited IPO Equity Size
This Initial Public Issue of 2,928,000 Equity Shares of Rs.10 each for cash at a price of Rs.40 per equity share aggregating to Rs.1,171 Lakh.
Shri Venkatesh Refineries Limited IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 2,928,000 Equity Shares of Rs.10 each, aggregating to Rs.1,171 Lakh
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Shri Venkatesh Refineries Limited IPO – Live Performance
The listing date of this IPO is Oct 11, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shri Venkatesh Refineries Limited Share Price |
Shri Venkatesh Refineries Limited IPO Grey Market Premium
The Shri Venkatesh Refineries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Shri Venkatesh Refineries Limited IPO – Company Overview
They are 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”. They focus on creating “Rich Soya” a leading brand name among the different edible oil brands by serving good quality and healthy edible oil at affordable prices.
The growth of their company starts with the idea of three dynamic entrepreneurs, namely Dinesh Ganapati Kabre, Ramesh Ganapati Kabre, and Anil Ganpati Kabre who started with the Manufacturing & Marketing of Soyabean oil and their by-products in Jalgaon, Maharashtra. Under their leadership and efforts of their Promoters namely Mr. Dinesh Ganapati Kabre, Mr. Anil Ganpati Kabre, Mr. Shantanu Ramesh Kabre & Mr. Prasad Dinesh Kabre “Rich Soya” has emerged as a leading brand, spreading its wings around the country.
They dedicate an immense amount of energy to building long and sustainable relations with their customers to understand their market needs while keeping them well informed of the market trends and prices at regular intervals. During the year 2019, they have expanded their refining capacity from 17310 tons to 36000 tons with a view towards expanding the scale of operations and increasing their market presence.
They have a well-established network spread across Maharashtra catered by their distributors, distributing their products through different points of presence. These agents then distribute their products to the numerous retailers spread across the state. They intend to engage more distributers to increase product visibility through their continuous brand-building activities through various incentives and promotional schemes.
Shri Venkatesh Refineries Limited IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sept-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 9,190.11 | 6725.52 | 4911.10 | 3346.43 |
| *Total Revenue | 13,236.88 | 23,551.77 | 22,698.87 | 13,242.84 |
| Total Expense | 13,022.78 | 23,252.36 | 22,512.94 | 13,157.91 |
| Profit After Tax | 160.22 | 220.75 | 126.05 | 58.67 |
Earnings per Equity Share (in Lakh)
| 30-Sept-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 1.97 | 3.60 | 2.07 | 0.96 |
Further, their PAT for the period ended on Sept 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 160.22 Lakhs, Rs. 220.75 Lakhs, Rs. 126.05 Lakhs, and Rs. 58.67 Lakhs respectively.
Shri Venkatesh Refineries Limited IPO – Promoters
The Promoters of this company are:
- Mr. Dinesh Ganapati Kabre,
- Mr. Anil Ganpati Kabre,
- Mr. Shantanu Ramesh Kabre
- Mr. Prasad Dinesh Kabre.
List of Related Parties (Key Managerial Personnel)
- Mr. Anil Ganpati Kabre, Whole-time Director.
- Mr. Dinesh Ganapati Kabre, Managing Director.
- Mr. Shantanu Ramesh Kabre, Whole-time Director.
Shri Venkatesh Refineries Limited IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – %
Shri Venkatesh Refineries Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,928,000 Equity Shares aggregating up to Rs.1,171 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,47,000 Equity Shares aggregating up to Rs.. 58.80 Lakh |
| Net Issue to the Public | Up to 27,81,000 Equity Shares aggregating up to Rs.1112.40 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 13,92,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 13,89,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 81,31,664 Equity Shares |
| Equity Shares outstanding after the Issue | 1,13,31,664 Equity Shares |
Shri Venkatesh Refineries Limited IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Shri Venkatesh Refineries Limited IPO – Business Strategy
- Expand their marketing and distribution network to increase the sales opportunities
- Increase in manufacturing capacities in line with demand
- Focus on Increase in Volume of Sales
- Increase geographical presence
- Improving operational efficiencies
Shri Venkatesh Refineries Limited IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Distribution network
- Quality of products
- Brand Image
- Manufacturing and Storage capabilities
- Experienced & Qualified Management Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.60 | 22.11 | 16.37 |
| 31-Mar-20 | 2.07 | 18.07 | 11.43 |
| Mar-19 | 0.96 | 10.27 | 9.36 |
Shri Venkatesh Refineries Limited IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Shri Venkatesh Refineries Limited | 10 | [●] | 3.60 | 22.11 | 235.52 |
| Listed Peers | |||||
| Gokul Agro Resources Ltd | 2 | 20.23 | 1.09 | 5.35 | 4763.56 |
| BCL Industries Ltd | 10 | 8.45 | 14.81 | 11.93 | 925.50 |
| Vijay Solvex Ltd | 10 | 14.81 | 64.10 | 13.99 | 1449.65 |
| Ajanta Soya Ltd | 10 | 14.81 | 6.09 | 18.12 | 761.69 |
Shri Venkatesh Refineries Limited IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, SenapatiBapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person: Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
Shri Venkatesh Refineries Limited IPO Registrar to offer
| Registrar to the Offer |
| Purva Sharegistry (India) Pvt. Ltd. (Purva) Address: – Unit No. 9, Shiv Shakti, Industrial Estate, J. R. Boricha Marg, Lower Parel East, Mumbai-400011, Maharashtra, India Tel No.: +91-022-23018261 Fax No.: +91-022-23012517 Email: support@purvashare.com Website: www.purvashare.com Contact Person: Ms. DeepaliDhuri SEBI Regn. No. INR000001112 |
Shri Venkatesh Refineries Limited IPO – Other Details
- Statutory Auditor – M/s. Joshi & Shah Chartered Accountants.
- Legal Counsel to the Company – VEDANTA LAW CHAMBERS.
- Bankers to the Company – NA
Shri Venkatesh Refineries Limited IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shri Venkatesh Refineries Limited IPO News
News 1 – Shri Venkatesh Refineries Limited IPO DRHP Download
News 2 – Shri Venkatesh Refineries Limited IPO RHP Download
Shri Venkatesh Refineries Limited IPO Review FAQs
Ques – What is the Issue Size of Shri Venkatesh Refineries Limited IPO?
Answer – The Company is making an initial public offer of 2,928,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Shri Venkatesh Refineries Limited IPO?
Answer – The price band for this particular IPO, i.e. Shri Venkatesh Refineries Limited IPO ranges between Rs 40. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Shri Venkatesh Refineries Limited IPO Open Date?
Answer – The opening and closing date for Shri Venkatesh Refineries Limited IPO have been updated. The IPO is set to open on Sep 29, 2021, while the closing date is set at Oct 1, 2021.
Ques – What is the Shri Venkatesh Refineries Limited IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of Shri Venkatesh Refineries Limited IPO. Basis of Allotment finalization is on Oct 6, 2021, refund initiation is on Oct 8, 2021, credit of shares is on Oct 8, 2021, and share listing date is on Oct 11, 2021.
Ques – What is the Shri Venkatesh Refineries Limited IPO Listing Date?
Answer – Shares of Shri Venkatesh Refineries Limited shall be listed in the exchanges on Oct 11, 2021. The date when the listing would be done is stagnant on Oct 11, 2021.
Ques – Who is the Registrar of Shri Venkatesh Refineries Limited IPO?
Answer – One of the reputed registrars is managing the issue of Shri Venkatesh Refineries Limited IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Shri Venkatesh Refineries Limited IPO?
Answer – Here are the promoters of Shri Venkatesh Refineries Limited – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Shri Venkatesh Refineries Limited IPO?
Answer – They have obtained the GMP of Shri Venkatesh Refineries Limited IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Shri Venkatesh Refineries Limited IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Shri Venkatesh Refineries Limited Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 220.75, 2019 is 126.05, 2018 is 58.67. PAT from Sep 2020 is 160.22.
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