Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Apex Frozen Foods Shares Trade Higher By 21% Upon Listing
The stock of Apex Frozen made a strong stock market debut with gains of over 14% in comparison to issue price.
The shares of Apex Frozen Foods opened the day in trade upon listing at Rs. 199.9 higher by 14% in comparison to its issue price of Rs. 175 per share. On the last bidding day, the IPO issue was subscribed over six times. The IPO of the company with an aim of raising a total of Rs. 152 crore was kept open from 22-25 August has a price band of Rs. 171-175. The shrimp exporter company has already raised a total of Rs. 43 crore from anchor investors.
The issue included a fresh issue of 725,000 shares and an OFS of 145,000 shares by promoters Karuturi Satyanarayana Murthy and Karuturi Padmavathi.The money garnered through the issue shall be utilized in setting up a novel shrimp processing facility of 20000 tonnes per annum capacity at Andhra Pradesh and for other general corporate purposes.
Apex Frozen, established in the year 1997, is primarily engaged in selling aquaculture products under Bay Harvest, Bay Premium and Bay Fresh. The company produces as well as exports shelf stable as well as read to cook products to different customer segments across the UK, US and European nations.
At 1:55 pm, the stock was trading higher by 19% and 21% at Rs.209.85 and Rs.212.10 on the BSE and NSE respectively.
Goodreturns.in
