IPO

Freshara Agro Exports Ltd. IPO

Freshara Agro Exports Ltd., established in 2023, operates in the Food Processing & Packaging sector. The company's IPO opened on October 17, 2024 and closed on October 21, 2024, with an issue price of ... Read more

Min Investment
₹ 1,39,200 / 1200 shares
Price Range
₹110 - ₹ 116
Bidding Dates
17 Oct '24 - 21 Oct '24
Total Issue Value
75.39 Cr
Lot Size
1,200
Total Issue Size
75.39 Cr
Listing At
NSE SME
Subscription
162.27 times
NSE Price
184.20 (58.79%)

IPO Timeline

  • 17 Oct 2024
    Bidding Starts
  • 21 Oct 2024
    Bidding Ends
  • 22 Oct 2024
    Allotment Finalization
  • 24 Oct 2024
    Listing

About Freshara Agro Exports Ltd.

Our Company are engaged in the procurement, processing and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world. Our procurement process involves direct sourcing from accredited farms and farmers dedicated to sustainable agricultural ... Read more

Parent organisation
Founded
Freshara Agro Exports Ltd.
2023

Freshara Agro Exports Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 17,61,600 (27.1%)
Market Makers 6,19,200 (9.53%)
Non Institutional Investors 8,83,200 (13.59%)
Qualified Institutional Buyers (QIBs) 11,76,000 (18.09%)
Retail Individual Investors (RIIs) 20,59,200 (31.68%)

Freshara Agro Exports Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 73.25 Cr 9.97 Cr 9.97 Cr
31 Mar 2023 127.00 Cr 9.08 Cr 0
31 Mar 2022 118.41 Cr 97.36 Lakh 0

Freshara Agro Exports Ltd. Background

Major Events And Milestones
  • 2015
    Our company originally incorporated as partnership firm with name of “Freshara Picklz Exports” pursuant to Deed of Partnership dated July 23, 2015.
  • 2023
    Our Company is Converted from Partnership Firm to Public Limited Company
Freshara Agro Exports Ltd. Object of Issues

1. Capital Expenditure
2. Working Capital
3. General corporate purposes

Freshara Agro Exports Ltd. IPO Listing Details
Listing Date
24 Oct 2024
NSE Symbol
FRESHARA
ISIN
INE0SFW01015
Final Issue Price
₹ 116
Freshara Agro Exports Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 116.00
Open - ₹ 135.00
Low - ₹ 128.25
High - ₹ 141.00
Last Trade - ₹ 134.70
Freshara Agro Exports Ltd. Company Promoters

1. Mr. Junaid Ahmed
2. Mr. Iqbalahmed Khudrathullah Mohammed
3. Mrs. Asma Syed

Industry Overview

India is one of the largest agricultural product exporters in the world. In April-January 2024, the overall value of export of agricultural products stood at US$ 38.65 billion. In 2022-23, the agricultural exports from India stood at US$ 52.50 billion. During 2021-22, the country recorded US$ ... Read more

Freshara Agro Exports Ltd. Contact Details
Address: Old No.3, New No.9, Puram Prakasam Road, Balaji Nagar, Royapettah, Chennai (Madras) Tamil Nadu - 600014
Phone no:43570138
43570138
|
Freshara Agro Exports Ltd. IPO Registrar
Purva Sharegistry (India) Pvt. Ltd.
9, Shiv Shakti Industrial Estate, JR Boricha Marg, Nr. Lodha Excelus, Lower Parel (East), Mumbai Maharashtra - 400011
23012518, 23016761
Freshara Agro Exports Ltd. IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower, Drive-In Road, Thaltej, Ahmedabad Gujarat - 380054

FAQs

When does Freshara Agro Exports Ltd. IPO opens and closes?

Freshara Agro Exports Ltd. IPO opens from 17th October to 21st October 2024.

What is the size of Freshara Agro Exports Ltd. IPO?

The size of the Freshara Agro Exports Ltd. IPO is ₹75.39 Cr.

What is the price range of Freshara Agro Exports Ltd. IPO?

The price range of Freshara Agro Exports Ltd. IPO is at ₹110 to ₹116 per share.

What is the minimum investment and lot size required for the Freshara Agro Exports Ltd. IPO?

The minimum investment required is ₹1,39,200 and minimum lot size is 1200 shares.

When is Freshara Agro Exports Ltd. IPO listing date?

The Freshara Agro Exports Ltd. IPO will be listed on 24th October 2024.

What is the objective of Freshara Agro Exports Ltd. IPO?

1. Capital Expenditure
2. Working Capital
3. General corporate purposes

Latest Updates

Freshara Agro Exports IPO Offers Investors Lucrative Opportunity; Opens on October 17, 2024

Freshara agro exports announced the launch of its Initial Public Offering to raise a total of Rs 75.39 crores. The entire issue consists of fresh equity shares, totaling 64.99 lakh shares. The IPO will open for subscription on October 17, 2024, and close on October 21, 2024. With a focus on exports, the company aims to capitalize on the increasing demand for Indian agricultural products in global markets. The Freshara Agro Exports IPO is a good opportunity for investors to participate in the growth of the company.

The IPO offers investors the opportunity to purchase 64.99 lakh equity shares at a price between Rs.110 and Rs.116 per share assigning at least 35% of the net issue to retail investors, 15% to high-net-worth individuals (HNIs), and up to 50% to qualified institutional buyers(QIB) Retail investors need to invest a minimum of Rs.139,200 (1200 shares), while HNIs must invest at least Rs.278,400 (2400 shares).  The allotment of shares is expected on October 22, 2024, and the shares will list on the NSE SME platform on October 24, 2024.

Freshara Agro Exports, established in 2015, sources, processes, and exports pickled goods from India. The company has experienced strong financial growth, with revenue increasing by 56% and profit after tax by 140% in the past year.

Its upcoming IPO is valued at Rs 272.59 crore. The promoter holding of the company are in the hands of Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed.

 

15 October 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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