Shri Venkatesh Refineries Ltd. has announced public offering of 2928000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 1,171.20 lakhs.

The company's initial public offer (IPO) will open on 29 September 2021 and is expected to close on 01 October 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 2928000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Shri Venkatesh Refineries Ltd. anticipates using the proceeds of the issue for To meet Working Capital requirements General Corporate Purpose To meet issue expenses.

Hem Securities Ltd as lead manager & PURVA SHAREGISTRY (INDIA) PVT LTD. is the registrar, to the issue.