Shri Venkatesh Refineries Limited IPO
The 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.
At present, the Company has a refining capacity of almost 36000 tons. Apart from the refining of edible oil, we are also engaged in the business of trading edible oil mainly soyabean oil, cottonseed oil, and palm oil.
It is 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”.
Company’s Product –
a) Refining of crude Edible oil to produce refined
• Soyabean Oil
• Cotton Seed Oil
b) Trading of crude Edible and refined oil
• Soyabean Oil
• Cotton Seed Oil
• Palm Oil
• Sunflower Oil
Competitive Strengths
i. Distribution network
ii. Quality of products
iii. Brand Image
Objects of the Shri Venkatesh Refineries Limited IPO:
Shri Venkatesh Refineries Limited IPO Details:
Open Date: | Sep 29 2021 |
Close Date: | Oct 01 2021 |
Total Shares: | 2,928,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue |
Issue Size: | 11.71 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 40 Per Equity Share |
Listing At: | BSE SME |
Promoters And Management:
Financials of Shri Venkatesh Refineries Limited IPO:
Particulars (in Lakhs) | Mar 20 | Mar 19 |
Revenue from operations | 23,542.44 | 22,684.05 |
Purchase of Material | 23,521.08 | 22,381.33 |
Cost of Materials Consumed | -1,104.10 | -625.07 |
Employee Benifit Expense | 33.28 | 25.60 |
Other expenses | 354.28 | 385.99 |
Operating Profit | 737.90 | 516.20 |
OPM% | 3.13% | 2.28% |
Other income | 9.33 | 14.82 |
Finance costs | 393.38 | 301.85 |
Depreciation and amortisation | 54.44 | 43.24 |
Profit before tax | 299.42 | 185.92 |
Profit for the year | 220.75 | 126.05 |
Comparison With Peers:
Recommendation on Shri Venkatesh Refineries Limited IPO:
Lead Manager of Shri Venkatesh Refineries Limited IPO:
Registrar of Shri Venkatesh Refineries Limited IPO:
Discussion on Shri Venkatesh Refineries Limited IPO:
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Peers Comparisons:
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4. Ajanta Soya Ltd
Revenue (2021) = 931 Crores
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Outstanding shares before IPO = 81,31,664
New shares to be issued in IPO = 32,00,000
Total Shares after IPO = 11,331,664
PAT = 220,00,000
EPS = 1.94
Issue Price = 40
P/E = 20x…