Shri Venkatesh Refineries Ltd IPO Allotment Date : Share, Stock Price, GMP, Review, Details
Shri Venkatesh Refineries Limited (SVRL) is one of the fastest growing refinery company under Brand name “Rich Soya”. It is Maharashtra’s leading edible oil brand at an extremely affordable price, Healthy and serving the best quality. The company was incorporated on 28th February 2003 as Non-Government Company, under the Companies Act, 1956 in Maharashtra, under the name of Shri Venkatesh Refineries Private Limited (SVRPL). In 2003, Three young, dynamic entrepreneurs, namely Dinesh Ganapati Kabre, Ramesh Ganapati Kabre and Anil Ganapati Kabre who started Manufacturing & Marketing of Soya oil and their by-products in Jalgaon, Maharashtra. We have more than 20 distributors across India.
“Rich Soya” has emerged as a leading brand, spreading there wings around India under the leadership of Dinesh Ganapati Kabre, the Managing Director of the company. Rich Soya has become a household name for Soya oil and Palm oil in north Maharashtra. We dedicate immense amount of energy in building long and sustainable relation with our customers to understand their market needs while keeping them well informed of the market trends and price at regular intervals. We select our raw product directly from the farmers. Our highly professional quality control department check each raw product with various quality parameters.
Initial public offer of 2,928,000 equity shares of face value of Rs. 10/- each (the equity shares) of Shri Venkatesh Refineries Limited (The company or SVRL or The Issuer) at an issue price of Rs. 40 per equity share for cash, aggregating to Rs. 11.71 crores (public issue) out of which [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion).
The public issue less market maker reservation portion i.e. Issue of [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the net issue. The public issue and net issue will constitute [*]% and [*]% respectively of the post- issue paid-up equity share capital of the company.