Freshara Agro Exports IPO Details
The Freshara Agro Exports IPO is a book build issue with a total issue size of ₹75.39 cr, comprising of fresh issue of 6499200 equity shares. Freshara Agro Exports IPO opened for subscription on Oct 17, 2024 and closed on Oct 21, 2024. Freshara Agro Exports IPO is set price band at ₹110 to ₹116 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹278,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 22, 2024, and listed on the NSE on Oct 24, 2024.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Freshara Agro Exports IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 110 – 116
- Lot Size
- 1200
- Issue Size
- ₹75.39 Cr
- Minimum Investment
- ₹278400 (2400 Shares)
- Listing Date
- 24 October 2024
Current GMP
₹80 (+68.97%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 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.
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 per share.
Freshara Agro Exports IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹278400 based on the upper price band
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.
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.
Freshara Agro Exports IPO issue size is ₹75.39 crores.
Freshara Agro Exports IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.