Shri Venkatesh Refineries is one of the growing edible oil refining companies in Maharashtra under the brand name, Rich Soya.
| Bidding Dates |
|---|
| 29 Sep 2021 - 01 Oct 2021 |
| Subscription |
|---|
| 3.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 3000 | 2.9 M | ₹40 | 73.52 % | ₹117.1 M | RHP DOC |
Shri Venkatesh Refineries IPO SUBSCRIPTION STATUS
01 Oct '21Shri Venkatesh Refineries IPO overall subscription rate was 3.12 times the total available shares
Shri Venkatesh Refineries IPO retail subscription rate was 3.81 times in the retail segment
Shri Venkatesh Refineries IPO non-institutional investor subscription rate was 2.43 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Oct 2021 (Day 3) | 3.81x | 2.43x | - |
29 Sep 2021 (Day 1) | 0.66x | 1.16x | - |
30 Sep 2021 (Day 2) | 1.59x | 1.25x | - |
Shri Venkatesh Refineries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 35.1 | 3,369.5 | -150.7 | -159.3 |
| FY20 | 22.1 | 2,354.2 | -22.9 | -61.6 |
| FY19 | 12.6 | 2,268.4 | 31.7 | 18.6 |
Shri Venkatesh Refineries IPO SUBSCRIPTION STATUS DETAILS
Shri Venkatesh Refineries had 2.9 M shares on offer
Shri Venkatesh Refineries IPO offer price was ₹40
Shri Venkatesh Refineries IPO minimum Investment was ₹120000
Shri Venkatesh Refineries IPO issue size was ₹ 117.1 M
Shri Venkatesh Refineries had a minimum lot size of 3000 Shares per application
Shri Venkatesh Refineries NUMBER OF SHARES ON OFFER
Shri Venkatesh Refineries IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2021 |
| Issue close Date | 01 Oct 2021 |
| Allotment Date | 06 Oct 2021 |
| Refund Date | 08 Oct 2021 |
| Demat Account Credit Date | 08 Oct 2021 |
| Listing Date | 11 Oct 2021 |
| Listing on Exchange(s) | BSE |
| Shri Venkatesh Refineries Allotment Status | Exchange |
Shri Venkatesh Refineries IPO subscription opened on 29 Sep 2021, and closed on 01 Oct 2021
IPO allotment for Shri Venkatesh Refineries was finalized on Wednesday, 06 Oct 2021
IPO listing for Shri Venkatesh Refineries was on BSE on Monday, 11 Oct 2021
Shri Venkatesh Refineries IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 43.9 |
| Listing Close Price | 42.1 |
| Listing Gain% | 9.8% |
| Current Gain% | 2429.3% |
Shri Venkatesh Refineries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shri Venkatesh Refineries Ltd. | 505.8 | 559.5 | 29.3 | 5.2 | 0.4 | 29 | 6.5 | 1378.7 | 96.3 | 38.2 | 111.3 | 17.3 | 5.7 |
| Patanjali Foods Ltd. | 357.5 | 38899.9 | 21.4 | 0.5 | 1 | 13.8 | 9.6 | 40347.8 | 17.7 | 1814.5 | 39.5 | 16.7 | 39.5 |
| AWL Agri Business Ltd. | 197.5 | 25668.7 | 22.2 | 33.6 | 0.3 | 10 | 4.2 | 75148.5 | 17.6 | 1042 | -14.9 | 8.9 | 0.7 |
| Gokul Agro Resources Ltd. | 228.8 | 6751.6 | 16 | 0.3 | 0.3 | 26 | 7.5 | 24116.7 | 23.1 | 369.4 | 50.4 | 14.3 | 59.2 |
| CIAN Agro Industries & Infrastructure Ltd. | 1359.5 | 3804.7 | 16.9 | 0 | 1.7 | 10.3 | 5.2 | 2279 | 116.3 | 222.7 | 441 | 80.3 | 445.8 |
| BN Agrochem Ltd. | 269.5 | 2635 | 77.1 | 1.3 | 3 | 7.4 | 6.5 | 873.7 | 137.9 | 34.4 | 74 | 3.5 | 57.2 |
Shri Venkatesh Refineries INFORMATION ON IPO ISSUE
About Shri Venkatesh Refineries
Shri Venkatesh Refineries is one of the growing edible oil refining companies in Maharashtra under the brand name, Rich Soya.
Object of the Issue
1.Meet working capital requirements.
2.General corporate puropses.
3.To meet issue expenditures.
Shri Venkatesh Refineries - PROMOTERS
| Name |
|---|
| Dinesh Ganapati Kabre |
| Anil Ganapati Kabre |
| Shantanu Ramesh Kabre |
| Prasad Dinesh Kabre |
Shri Venkatesh Refineries Lead Manager to The Issue
Hem Securities Limited
ib@hemsecurities.com
Shri Venkatesh Refineries Registrar to the issue
Purva Sharegistry (India) Pvt. Ltd. (Purva)
support@purvashare.com
Shri Venkatesh Refineries Strengths
Distribution network
The company has a established network spread across the state of Maharashtra catered by over 140 dealers and distributors, distributing products throughout the state
Quality of products
Being engaged in edible oil industry related with the food and agriculture industry, qualitative production is of prime importance
Brand Image
The company started commercial production in 2004 and within a short span of time have developed name “RICH SOYA” a prominent name among edible oil producers specifically in the north Maharashtra region
Shri Venkatesh Refineries Risks
Primarily dependent on the availability/supply and cost of raw material
Business is primarily dependent on the availability/supply and cost of raw materials which are agri produce, sourced from different suppliers.
Not entered into any formalized agreements
The company has not entered into any formalized agreements with the suppliers
IPO FAQs
Shri Venkatesh Refineries Ltd. IPO listing opened at Rs 43.90 while the issue price was Rs 40.00 giving 9.75% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 20.00 giving 2429.25% gains since its IPO listing.
The promoters of the company are Dinesh Ganapati Kabre, Anil Ganapati Kabre, Shantanu Ramesh Kabre and Prasad Dinesh Kabre.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 40.0 - 40.0.
The IPO application opens on Sep 29, 2021 and closes on Oct 01, 2021.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Oct 06, 2021.
The refund will be credited to your account on Oct 08, 2021.
The allotted shares will be credited to your demat on Oct 08, 2021.
Shri Venkatesh Refineries Ltd.’s shares listed on the stock exchanges on Oct 11, 2021.