Shri Venkatesh Refineries Ltd. IPO
Shri Venkatesh Refineries Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹40
Issue Price
Listing Price
-
Listing Price
Listing Gains
+₹ (+0.00%)
Listing Gains
IPO Details
Bidding Dates
29 Sep - 01 Oct '21
Bidding Dates
Min. Investment
₹120,000
Min. Investment
Lot Size
3000.00
Lot Size
Price Range
₹40.00 - ₹40.00
Price Range
Issue Size
12 Cr
Issue Size
About Company
Shri Venkatesh Refineries Limited has been operational since 2003 and is recognized as one of Maharashtra’s oil refining companies that is set to grow and expand. Operational under the brand name Rich Soya, it is primarily involved in the refinement and preservation of edible oils including soyabean oil and cottonseed oil. Its refining capacity amounts to 36000 tons in its entirety. Oils that Shri Venkatesh Refineries Limited heavily deals in include soyabean oil, sunflower oil, cotton seed oil and palm oil. Shri Venkatesh Refineries Limited has a manufacturing unit which is situated in Jalgaon, Maharashtra. It has a storing capacity worth 6000 MT.
Shri Venkatesh Refineries Ltd. IPO Latest News and Subscription Status Today (Live)
Shri Venkatesh Refineries IPO details are as follows.
Shri Venkatesh Refineries IPO date opened on September 29, 2021 and closed on October 1, 2021.
The Shri Venkatesh Refineries Limited share price amounted to INR 40 per equity share.
The market lot for this IPO amounted to 3000 shares. Retail individual investors were allowed to apply for only a single lot. This means that at most a retail individual investor could hold 3000 shares valued at INR 120,000.
Why should you invest in Shri Venkatesh Refineries Ltd. IPO?
Shri Venkatesh Refineries Limited IPO makes for a viable investment as its offerings have been well received thus far. This is evident from the fact that its profits after taxes have jumped from the previous two years. In March 2019, their profits after tax amounted to INR 12.60 Million whereas in March 2020, their profits after tax amounted to INR 22.07 Million. As of March 2021 however, the profits after tax for Shri Venkatesh Refineries Limited amount to INR 35.08 Million. This consistent hike in value over time is promising and leads us to believe that the Shri Venkatesh Refineries Limited IPO will be a viable investment.
Shri Venkatesh Refineries Ltd. IPO - SWOT Analysis
Strengths:
The strengths of Shri Venkatesh Refineries Limited lie in the following facts.
The company has been able to create a strong brand name with “Rich Soya”.
Edible oil products created by the company are recognized as the best.
The company has a strong network of distributors made up of over 140 dealers and distributors across Maharashtra.
The management team employed by the company is experienced, qualified and produces quality results.
Weaknesses:
Shri Venkatesh Refineries Limited primarily has an audience in Maharashtra alone serves as a potential weakness for the company.
Opportunities:
Funds raised via the IPO can allow for working capital requirements to be met and general corporate expenses to be handled. With sufficient funds for each of these needs, potentially expanding upon the business offerings will now be possible.
Threats:
While the company was established in 2003 and has been operational for just under 2 decades, its viability across different states should it expand upon its offerings is yet to be determined.
How to apply for Shri Venkatesh Refineries Ltd. IPO?
You can apply for the Shri Venkatesh Refineries Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
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