Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 17, 2024 to October 21, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 110 to ₹ 116 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 64,99,200 shares (aggregating up to ₹ 75.39 Cr) |
| Fresh Issue | 64,99,200 shares (aggregating up to ₹ 75.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,70,00,000 |
| Shareholding post issue | 2,34,99,200 |
| Market Maker portion | 6,19,200 shares Giriraj Stock Broking |
About Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world. Under a contract farming program, the company exports raw produce from local farmers in Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. 70% of the produce is "not ready to eat" and is supplied directly to factories for further processing and conversion into finished products.
The remaining 30% is supplied to food brokers and traders in the international market. The company's products include gherkins, baby corn, jalapenos, and other pickled vegetables. The company is accredited by a number of leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food & Drug Administration (FDA), Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, Brand Reputation through Compliance Global Standard (BRCGS).
Freshara Agro Exports IPO Overview:
Issue Details:
• Total Issue Size: ₹75.39 crores
• Shares Offered: 64.99 lakh shares (entirely a fresh issue)
Subscription Period:
• Opens: October 17, 2024
• Closes: October 21, 2024
Price Band:
• Range: ₹110 to ₹116 per share
Lot Size:
• Minimum Lot Size: 1,200 shares
Key Parties Involved:
• Book Running Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Purva Sharegistry India Pvt Ltd
• Market Maker: Giriraj Stock Broking
Freshara Agro Exports Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Freshara Agro Exports IPO Anchor Investors Details
| Bid Date | October 16, 2024 |
| Shares Offered | 1,761,600 |
| Anchor Portion Size (In Cr.) | 20.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 20, 2025 |
Objectives of Freshara Agro Exports IPO
-
The Company proposes to utilize the funds which are being raised towards funding the following objectives:
- 1. To meet the Capital Expenditure.
- 2. Funding the working capital requirements of the company.
- 3. To meet the General Corporate Purposes.
- 3. To meet the Issue Expenses.
Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
10,746.11
₹ Crore
Profit After Tax
1,137.81
₹ Crore
Net Worth
3,834.58
₹ Crore
Total Borrowing
10,625.22
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 16,599.73 | 10,746.11 | 1,137.81 | 3,834.58 | 10,625.22 | ||||
| 31 Mar 2024 | 28,853.09 | 19,801.58 | 2,182.41 | 5,958.45 | 17,618.1 | ||||
| 31 Mar 2023 | 8,490.64 | 12,700.22 | 908.2 | 1,855.49 | 4,173.89 | ||||
| 31 Mar 2022 | 5,887.64 | 11,840.68 | 97.36 | 931.58 | 3,479.1 | ||||
| Amount in ₹ Crore | |||||||||
Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-24 | ₹116 | ₹50(43.10%) | 2024-10-24 |
Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 12.31% |
| Debt/Equity | 2.77 |
| RoNW | 29.67% |
| P/BV | 7.31 |
| PAT Margin (%) | 10.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.84 | 9.68 |
| P/E (x) | 9.04 | 11.98 |
Frequently Asked Questions
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Competitive Strengths
Good relationships with contract farmers and other suppliers ensure the availability of raw materials in the off-season.
Supporting an efficient supply chain enables the company to maintain long-term and intensive customer relationships.
Quality assurance and control of product quality, which has earned the company various awards and accreditations.
Advanced in-house processing facilities with a focus on cost competitiveness.
A comprehensive product portfolio that enables the company to serve its customers around the world.
Proven financial performance and a scalable business model.
Experienced promoter and management team.
Download regulatory filings
Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Thursday, October 17, 2024 |
| IPO Close Date | Monday, October 21, 2024 |
| Basis of Allotment | Tuesday, October 22, 2024 |
| Initiation of Refunds | Wednesday, October 23, 2024 |
| Credit of Shares to Demat | Wednesday, October 23, 2024 |
| Listing Date | Thursday, October 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 21, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹139,200 |
| Retail (Max) | 1 | 1200 | ₹139,200 |
| HNI (Min) | 2 | 2,400 | ₹278,400 |