Shri Venkatesh Refineries Limited (SVRL), a player primarily engaged in the business of refining and preservation of edible oils mainly soyabean oil and cotton seed oil, has announced that its IPO is opening on September 29, share of the face value of Rs 10 each.
Shri Venkatesh Refineries Limited's IPO is an SME IPO of 29,28,000 equity shares of the face value of Rs 10 aggregating up to Rs 1171.20 lakhs. The minimum order quantity is 3000 shares.
It will list its equity shares on the BSE SME platform.
The net proceeds of the SME IPO will be utilised towards Working Capital Requirement, General Corporate Purpose and Issue Expenses.
Hem Securities Limited is the Lead Manager and Purva Sharegistry (India) Pvt. Ltd. (Purva) is the registrar to the issue.
The promoters of the Company are Dinesh Ganapati Kabre, Anil Ganapati Kabre, Shantanu Ramesh Kabre and Prasad Dinesh Kabre.
At present Shri Venkatesh Refineries Limited has a refining capacity of almost 36000 tons. Apart from the refining of edible oil, Shri Venkatesh Refineries Limited is also engaged in the business of trading of edible oil mainly soyabean oil, cotton seed oil and palm oil.
Dinesh Ganapati Kabre, Chairman cum Managing Director, said, "It's really a big moment for us as we announce the launch of our much-awaited SME IPO. We are extremely thankful to our clients, customers and stakeholders for their overwhelming support throughout the journey.
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