Apex Frozen Foods Ltd IPO Message Board (Page 29)

Good Start Apex Frozen...0.40 Subscribed on first day

Anyone Know current GMP..?

which city ?

yeah correct which city please..?

All is goood,But 1. seasonal productions on accuaculture.

Is it a good company to invest in? and is there possibility for gains?
Please reply

In my opinion, it is YES.

It is way better than SIS, which has given the listing gain.
It will give us the better listing gain and it will go well for short term holding.

According to a report by GEPL Capital, the company source approximately 15%-20% of their raw material requirements through their own farming efforts. Their in-house farming and association with their associate farmers enable reliable and uninterrupted supply of raw shrimp.

All their operational facilities are located in proximity to one another, thereby enabling smooth transition of products to each stage of the product life cycle. Their facility is approximately 20Kms from Kakinada port and approximately 150Kms from Vishakapatnam port,thereby providing a substantial logistical advantage for the transport of their finished product.

The Company has numerous ponds situated in a total extent of 1,337.69 acres with 105.78 acres of owned land and 1,231.91 acres of leased land. This farming at their ponds allows them to procure raw materials and ensures that their business of shrimp processing is cost effective.

Giving it a thumbs-up, the report said, "Apex Frozen Foods Limited stands to gain from operating leverage. At a P/E of 17.20xs of FY17 Earning. We believe that Apex demands a discount to its domestic peers. We assign a Subscribe rating to the IPO."

As on 22-Aug-2017 17:00:00 IST

Total Issue Size      = 62,10,000
Total Bids Received       = 25,09,600
Total Bids Received at Cut-off Price =       16,71,920
No. of times issue is subscribed      = 0.40

This is exactly what i said in earlier post.
40% subscription by the end of day 1.

Interview excerpts of Subrahmanya Chowdary, Apex Frozen Foods

http://economictimes.indiatimes.com/opinion/interviews/we-want-to-grow-into-a-leading-sea-food-processing-exporting-company-subrahmanya-chowdary-apex-frozen-
foods/articleshow/60171129.cms

SPA Securities in a note said that the stock is available at P/E of 22.4 times based on FY17 earnings, which is justified considering the company’s strong execution capability, healthy international customer base, strong R&D focus, farms in favourable coastal belt, low net debt equity, increased value added proportion and expanding global reach.

Brokerage Nirmal Bang has a subscribe rating on the issue. “We like the business model of the company given its high asset turnover, customer stickiness and integrated business operations. At upper price band of Rs 175, the issue looks attractive and hence recommends investors to subscribe it for listing and long term gains.”

03:50:26 PM Aug 22

Qualified Institutional Buyers (QIBs)      - 0
Non Institutional Investors       - 17%
Retail Individual Investors (RIIs)       - 69%
Employee Reserved       - 0.04%
Total - 0.36

if any one apply through me pls contact (BULK FORM ONLY)

Guys,

I am trying to apply through ICICI ASBA, but it shows an error. Is anyone facing same problem?

Thanks.

Try through some other online asba like SBI,etc.

I have applied through ICICI direct.com without any difficulty. try once more it may work now.

Is it possible some people are selling cochin to get fnds for Apex?Cochin share is going down everyday..

Expert pl help me.
How to participate in buyback offer of mindtree.
Can I participate online ?

APEX FROZEN FOODS LIMITED as on 22-Aug-2017 15:00:03 IST BSE+NSE       
QIB      0x
NII      0.0874x
RII      0.5778x
EMP      0.0004x
TOTAL      0.29x

As on 22-Aug-2017 14:30:00 IST

Total Issue Size      = 62,10,000
Total Bids Received       = 15,48,160
Total Bids Received at Cut-off Price       = 11,21,440
No. of times issue is subscribed      = 0.25

25% subscription on NSE alone. Its only till 2.30PM. Today It will cross 40% subscription .
It will be see the very good subscription till 24 Aug.

Note: Whenever I applied any IPO before it reach the 100% subscription, I got the lot alloted every time. It may help you.

Dont apply

Not relevant to the IPO but worth reading.Investing in stock markets? How to choose the right broker in 4 easy steps

http://www.financialexpress.com/money/investing-in-stock-markets-how-to-choose-the-right-broker-in-4-easy-steps/818329/

my thinking is this

wait till 24 by 1 pm then look subscription figure and then decide apply or not