Freshara Agro Exports IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 17 Oct 2024
Close Date
Mon, 21 Oct 2024
Price Band
₹ 110 – 116
Lot Size
1200
Issue Size
₹ 75.39 Cr
Minimum Investment
₹ 278,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Freshara Agro Exports IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹75.39 Crore, comprising a fresh issue of 64.99 Lakh equity shares aggregating to ₹75.39 Crore.
The Freshara Agro Exports IPO remained open for subscription from October 17, 2024, to October 21, 2024. The basis of allotment was finalized on October 22, 2024, and the company's shares were listed on NSE SME Platform on October 24, 2024.
The company had fixed the price band at ₹110 to ₹116 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹278,400 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Freshara Agro Exports Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Freshara Agro Exports IPO Timeline (Tentative)
- IPO Open Date
- Thu, 17 Oct 24
- IPO Close Date
- Mon, 21 Oct 24
- Basis of Allotment
- Tue, 22 Oct 24
- Initiation of Refunds
- Wed, 23 Oct 24
- Credit of Shares to Demat
- Wed, 23 Oct 24
- Listing Date
- Thu, 24 Oct 24 — NSE & BSE
Open Date
17 October 2024
Close Date
21 October 2024
Basis Of Allotment
22 October 2024
Listing Date
24 October 2024
IPO Subscription
Check Live Subscription →The Freshara Agro Exports IPO has received bids for 97,58,64,000 shares against 41,18,400 shares offered, resulting in an overall subscription of 236.95x. the NII category is subscribed 511.31x, Retail Investors 180.8x, and QIBs 129.22x.
QIB
129.22x
NII
511.31x
RII
180.8x
Total
236.95x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,59,200 shares, representing 31.68% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,76,000 shares (18.09%), while Non-Institutional Investors (NIIs) receive 8,83,200 shares (13.59%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,761,600 | 27.1% |
| Market Maker | 619,200 | 9.53% |
| Qualified Institutions | 1,176,000 | 18.09% |
| Non-Institutional | 883,200 | 13.59% |
| Retail Investors | 2,059,200 | 31.68% |
| Total | 6,499,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Freshara Agro Exports Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROCE % | 12.31 |
| Debt / Equity | 2.77 |
| RoNW % | 29.67 |
| PbW | 7.31 |
| Pat Margin % | 10.98 |
Peers Comparison
No Peer Comparision Available
About Freshara Agro Exports Limited
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.
Freshara Agro Exports IPO Promoters
- Mr. Junaid Ahmed
- Mr. Iqbalahmed Khudrathullah Mohammed
- Mrs. Asma Syed
Promoters Holding
Holding Pre Issue
86.50%
Holding Post Issue
0.00%
Freshara Agro Exports IPO Objective
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.
Freshara Agro Exports Limited Address / Contact Details
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
Freshara Agro Exports IPO Lot Size
The Freshara Agro Exports IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,39,200 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,39,200.
| 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 |
Issue Reservation
- Anchor Investors — 27.1%
- Market Maker — 9.53%
- QIB — 18.09%
- NII — 13.59%
- RII — 31.68%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Freshara Agro Exports IPO?
Freshara Agro Exports IPO is a Book-building IPO with a total issue size of ₹75.39 crore. The Freshara Agro Exports IPO price band is ₹110 to 116 per share. The Freshara Agro Exports IPO subscription opens on Thu, Oct 17, 2024, and closes on Mon, Oct 21, 2024. The Freshara Agro Exports IPO will be listed on the NSE. Purva Sharegistry India Pvt Ltd is the registrar for the Freshara Agro Exports IPO.
When will the Freshara Agro Exports IPO open for subscription?
The Freshara Agro Exports IPO opens on Thu, Oct 17, 2024 and closes on Mon, Oct 21, 2024
What is Freshara Agro Exports IPO Price Band?
Freshara Agro Exports IPO Price Band is ₹110 to 116 per share.
What is Freshara Agro Exports IPO Lot Size?
Freshara Agro Exports IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹278400 based on the upper price band
What is the minimum investment for Freshara Agro Exports IPO?
The minimum investment for Freshara Agro Exports IPO is ₹278400, based on one lot of 1200 shares at the upper price band of ₹116 per share.
How to apply for Freshara Agro Exports IPO?
Investors can apply for the Freshara Agro Exports IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Oct 21, 2024. The application amount remains blocked until the Freshara Agro Exports IPO allotment is finalized.
What is Freshara Agro Exports IPO Issue Size?
Freshara Agro Exports IPO issue size is ₹75.39 crores.
What is the Freshara Agro Exports IPO Allotment Date?
Freshara Agro Exports IPO allotment date is Tue, Oct 22, 2024.
Who is the Freshara Agro Exports IPO Registrar?
The registrar for Freshara Agro Exports IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Freshara Agro Exports IPO allotment status, refund processing, and other IPO-related information.
What is the Freshara Agro Exports IPO GMP?
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 68.97% over the issue price.
Who is the Freshara Agro Exports IPO Lead Manager?
The book-running lead managers (BRLMs) for the Freshara Agro Exports IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Freshara Agro Exports IPO Red Herring Prospectus (RHP).