Shri Venkatesh Refineries IPO to open on ESB’s SME platform on September 29

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Shri Venkatesh Refineries Limited (SVRL), a player primarily engaged in the refining and preserving business of edible oils primarily soybean oil and cottonseed oil, announced the opening of its IPO on September 29 , share of the face value of Rs 10 each. .

The IPO of Shri Venkatesh Refineries Limited is an IPO of SMEs of 29,28,000 shares with a par value of Rs 10 totaling up to Rs 1,171.20 lakhs. The minimum order quantity is 3000 shares.

It will register its actions on the BSE PME platform.

The net proceeds from the IPO of the SME will be used to cover the working capital requirement, the general purpose of the business and issuance expenses.

Hem Securities Limited is the lead manager and Purva Sharegistry (India) Pvt. Ltd. (Purva) is the show’s registrar.

The promoters of the Company are Dinesh Ganapati Kabre, Anil Ganapati Kabre, Shantanu Ramesh Kabre and Prasad Dinesh Kabre.

Currently, Shri Venkatesh Refineries Limited has a refining capacity of almost 36,000 tonnes. Besides the refining of edible oil, Shri Venkatesh Refineries Limited is also engaged in the trade of edible oil, mainly soybean oil, cottonseed oil and palm oil.

Dinesh Ganapati Kabre, Chairman and CEO, said, “This is truly a great moment for us as we announce the launch of our long-awaited SME IPO. We are extremely grateful to our clients, clients and stakeholders for their continued support throughout the journey. .

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Posted on: Monday, September 27, 2021, 3:15 p.m. IST

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