Freshara Agro Exports IPO
Open SmeCurrent GMP
₹80 (+68.97%)
Price Band
₹ 110 – 116
Lot Size
1200
Issue Size
₹75.39 Cr
Minimum Investment
₹278400 (2400 Shares)
Listing Date
24 October 2024
Subscription
236.95x
About the Company
Freshara Agro Exports Limited, originally founded as a partnership firm "Freshara Picklz Exports" in 2015, transitioned into a public limited company in November 2023. The company is engaged in the procurement, processing, and export of preserved Gherkins and other pickled vegetables, sourcing directly from accredited farms using sustainable agricultural practices. Freshara processes these products in a facility in Tamil Nadu, adhering to strict quality standards, and exports them globally to markets such as Europe, the USA, Australia, and Russia.
The company maintains a comprehensive quality assurance program, accredited by several major organizations like FSSAI, FDA, APEDA, and BRCGS, ensuring compliance with international standards. Freshara has a strong export market presence, with 70% of its products sold directly to factories for re-processing, and the remaining 30% to food brokers and traders.
Promoters
- Mr. Junaid Ahmed
- Mr. Iqbalahmed Khudrathullah Mohammed
- Mrs. Asma Syed
Promoters Holding
Holding Pre Issue
86.50%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the funds which are being raised towards funding the following objects and
achieve the benefits of listing on the Emerge Platform of NSE.
The objects of the Issue are: -
1. To meet out the Capital Expenditure;
2. Funding the working capital requirements of the company;
3. To meet out the General Corporate Purposes; and
4. To meet out the Issue Expenses.
Address / Contact Info
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
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 17 October 2024
IPO Close Date
Monday, 21 October 2024
Basis of Allotment
Tuesday, 22 October 2024
Initiation of Refunds
Wednesday, 23 October 2024
Credit of Shares to Demat
Wednesday, 23 October 2024
Listing Date
Thursday, 24 October 2024 — NSE & BSE
Important Dates
Open Date
17 October 2024
Close Date
21 October 2024
Basis Of Allotment
22 October 2024
Listing Date
24 October 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 16599.73 | 28853.09 | 8490.64 | 5887.64 |
| Revenue | 10746.11 | 19801.58 | 12700.22 | 11840.68 |
| Profit After Tax | 1137.81 | 2182.41 | 908.2 | 97.36 |
| Net Worth | 3834.58 | 5958.45 | 1855.49 | 931.58 |
| Reserve & Surplus | 2134.58 | 996.77 | 0 | 0 |
| Total Borrowings | 10625.22 | 17618.1 | 4173.89 | 3479.1 |
EPS Pre
12.84%
EPS Post
9.68%
P/E Pre
9.04
P/E (Post Issue)
11.98x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 12.31 |
| Debt / Equity | 2.77 |
| RoNW % | 29.67 |
| PbW | 7.31 |
| Pat Margin % | 10.98 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1761600 | 27.1 | 0 |
| Market Maker | 619200 | 9.53 | 0 |
| Qualified Institutions | 1176000 | 18.09 | 0 |
| Non-Institutional | 883200 | 13.59 | 0 |
| Retail Investors | 2059200 | 31.68 | 0 |
| Total | 6499200 | 100 | 0 |
Subscription Status ( Mon, 21 Oct 24 01:04 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1176000 | 151964400 | 129.22x |
| Non-Institutional | 883200 | 451588800 | 511.31x |
| Retail Investors | 2059200 | 372310800 | 180.8x |
| Total | 4118400 | 975864000 | 236.95x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 139,200.00 |
| Retail (Max) | 1 | 1,200 | 139,200.00 |
| S-HNI (Min) | 2 | 2,400 | 278,400.00 |
Registrar
Purva Sharegistry India Pvt Ltd
91 22 3522 0056 , 91 22 4961 4132
support@purvashare.com
https://www.purvashare.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Freshara Agro Exports IPO is a Book-building IPO worth ₹75.39 crores. The price band is ₹110 to 116 per share. The IPO opens on Thu, Oct 17, 2024 and closes on Mon, Oct 21, 2024. It will be listed on BSE and NSE. Purva Sharegistry India Pvt Ltd is the registrar.
The Freshara Agro Exports IPO opens on Thu, Oct 17, 2024 and closes on Mon, Oct 21, 2024
Freshara Agro Exports IPO Price Band is ₹110 to 116.
Freshara Agro Exports IPO lot size is 1200, and the minimum amount required for application is ₹278400.
The minimum investment for Freshara Agro Exports IPO is approximately ₹278400 based on the upper price band.
To apply for the Freshara Agro Exports IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Oct 21, 2024. After submission, funds are blocked until the basis of allotment of Freshara Agro Exports IPO is finalised.
Freshara Agro Exports IPO issue size is ₹75.39 crores.
Freshara Agro Exports IPO allotment date is Sat, Jun 27, 2026.
The registrar for Freshara Agro Exports IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Freshara Agro Exports IPO through their official website or helpline.
The Freshara Agro Exports IPO GMP (Grey Market Premium) is ₹80 as of Wed, Oct 23, 2024. Based on the upper price band of ₹116 per share, the estimated Freshara Agro Exports IPO listing price is ₹196, indicating a potential listing gain of approximately 31% over the issue price.