Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Freshara Agro Exports IPO is a book built issue of Rs 75.39 crores. The issue is entirely a fresh issue of 64.99 lakh shares.
Freshara Agro Exports IPO opens for subscription on October 17, 2024 and closes on October 21, 2024. The allotment for the Freshara Agro Exports IPO is expected to be finalized on Tuesday, October 22, 2024. Freshara Agro Exports IPO will list on NSE SME with tentative listing date fixed as Thursday, October 24, 2024.
Freshara Agro Exports IPO price band is set at ₹110 to ₹116 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹278,400.
GYR Capital Advisors Private Limited is the book running lead manager of the Freshara Agro Exports IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Freshara Agro Exports IPO is Giriraj Stock Broking.
Refer to Freshara Agro Exports IPO RHP for detailed information.
| 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 | 1200 Shares |
| Total Issue Size | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Fresh Issue | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,499,200 |
| Market Maker portion | 619,200 shares Giriraj Stock Broking |
| 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 raises Rs 20.43 crore from anchor investors. Freshara Agro Exports IPO Anchor bid date is October 16, 2024.
| 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 |
Freshara Agro Exports IPO opens on October 17, 2024, and closes on October 21, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹139,200 |
| Retail (Max) | 1 | 1200 | ₹139,200 |
| HNI (Min) | 2 | 2,400 | ₹278,400 |
| Lot Size Calculator | |||
Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed are the company's promoters.
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue |
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.
As of March 31, 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans.
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).
Competitive strengths:
As of September 30, 2024, the company had a total of 135 employees.
Freshara Agro Exports Limited's revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 16,599.73 | 28,853.09 | 8,490.64 | 5,887.64 | ||||||||||||||||||||||||||||||||||||
| Revenue | 10,746.11 | 19,801.58 | 12,700.22 | 11,840.68 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,137.81 | 2,182.41 | 908.2 | 97.36 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,834.58 | 5,958.45 | 1,855.49 | 931.58 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,134.58 | 996.77 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 10,625.22 | 17,618.1 | 4,173.89 | 3,479.1 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Freshara Agro Exports IPO is Rs 272.59 Cr.
KPI as of September 30, 2024.
| 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 |
The Company proposes to utilize the funds which are being raised towards funding the following objects:
[Dilip Davda] The company is 100% EOU for agro products that are mainly used for pickles in global markets. It specialized in Gherkin and other pickled vegetables. The sudden boost in margins from FY23 onwards raises eyebrows. Its debt equity ratio of 2.77 as of September 30, 2024 remains major concern. Well-informed investors may park moderate funds for medium to long term. Read detail review...
Please note: The financial data for March 31, 2024, was calculated by adding the financial data for the period up to January 23, 2024, and the financial data from January 24, 2024, to March 31, 2024.
Freshara Agro Exports Limited
Old No.3, New No.9,
Puram Prakasam Road, Balaji Nagar,
Royapettah, Chennai - 600014
Phone: +91 44 4357 0138
Email: cs@fresharaagroexports.com
Website: https://fresharaagroexports.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Freshara Agro Exports IPO is a SME IPO of 6,499,200 equity shares of the face value of ₹10 aggregating up to ₹75.39 Crores. The issue is priced at ₹110 to ₹116 per share. The minimum order quantity is 1200 Shares.
The IPO opens on October 17, 2024, and closes on October 21, 2024.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Freshara Agro Exports IPO using UPI as a payment gateway. Zerodha customers can apply in Freshara Agro Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Freshara Agro Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Freshara Agro Exports IPO opens on October 17, 2024 and closes on October 21, 2024.
Freshara Agro Exports IPO lot size is 1200 Shares, and the minimum amount required is ₹139,200.
You can apply in Freshara Agro Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Freshara Agro Exports IPO will be done on Tuesday, October 22, 2024, and the allotted shares will be credited to your demat account by Wednesday, October 23, 2024. Check the Freshara Agro Exports IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
