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20 Nov 2024
Freshara Agro Exports Limited IPO, GMP, Details, Price, And Review
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world. Under a contract farming program, the company exports raw produce from local farmers in Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. 70% of the produce is "not ready to eat" and is supplied directly to factories for further processing and conversion into finished products.
The remaining 30% is supplied to food brokers and traders in the international market. The company's products include gherkins, baby corn, jalapenos, and other pickled vegetables. The company is accredited by a number of leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food & Drug Administration (FDA), Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, Brand Reputation through Compliance Global Standard (BRCGS).
Freshara Agro Exports IPO Overview:
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Issue Details:
- ● Total Issue Size: ₹75.39 crores
- ● Shares Offered: 64.99 lakh shares (entirely a fresh issue) Subscription Period:
- ● Opens: October 17, 2024
- ● Closes: October 21, 2024 Price Band:
- ● Range: ₹110 to ₹116 per share Lot Size:
- ● Minimum Lot Size: 1,200 shares Key Parties Involved:
- ● Book Running Lead Manager: GYR Capital Advisors Private Limited
- ● Registrar: Purva Sharegistry India Pvt Ltd
- ● Market Maker: Giriraj Stock Broking
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Freshara Agro Exports Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24-10-2024 | 116 | 50 (43.10%) | 24-Oct-2024 12:48 |
| 23-10-2024 | 116 | 80 (68.97%) | 23-Oct-2024 12:45 |
| 22-10-2024 | 116 | 105 (90.52%) | 22-Oct-2024 12:18 |
| 21-10-2024 | 116 | 105 (90.52%) | 21-Oct-2024 13:06 |
| 17-10-2024 | 116 | 90 (77.59%) | 17-Oct-2024 13:40 |
| 16-10-2024 | 116 | 60 (51.72%) | 16-Oct-2024 13:10 |
| 15-10-2024 | 116 | 50 (43.10%) | 15-Oct-2024 12:18 |
| 14-10-2024 | 116 | 40 (34.48%) | 14-Oct-2024 13:42 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Freshara Agro Exports IPO Overview
| Detail | Description |
|---|---|
| IPO Date | October 17, 2024 to October 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹110 to ₹116 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Fresh Issue | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 17,000,000 |
| Shareholding post issue | 23,499,200 |
| Market Maker portion | 619,200 shares Giriraj Stock Broking |
Freshara Agro Exports IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, October 17, 2024 |
| IPO Close Date | Monday, October 21, 2024 |
| Basis of Allotment | Tuesday, October 22, 2024 |
| Initiation of Refunds | Wednesday, October 23, 2024 |
| Credit of Shares to Demat | Wednesday, October 23, 2024 |
| Listing Date | Thursday, October 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 21, 2024 |
Freshara Agro Exports IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹139,200 |
| Retail (Max) | 1 | 1200 | ₹139,200 |
| HNI (Min) | 2 | 2,400 | ₹278,400 |
Freshara Agro Exports Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Freshara Agro Exports IPO Promoter Holding
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue |
Freshara Agro Exports IPO Anchor Investors Details
| Bid Date | October 16, 2024 |
| Shares Offered | 1,761,600 |
| Anchor Portion Size (In Cr.) | 20.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 20, 2025 |
Freshara Agro Exports Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 16,599.73 | 28,853.09 | 8,490.64 | 5,887.64 | ||||||||||||||||||||||||||||||||||||
| Revenue | 10,746.11 | 19,801.58 | 12,700.22 | 11,840.68 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,137.81 | 2,182.41 | 908.2 | 97.36 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,834.58 | 5,958.45 | 1,855.49 | 931.58 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,134.58 | 996.77 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 10,625.22 | 17,618.1 | 4,173.89 | 3,479.1 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 12.31% |
| Debt/Equity | 2.77 |
| RoNW | 29.67% |
| P/BV | 7.31 |
| PAT Margin (%) | 10.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.84 | 9.68 |
| P/E (x) | 9.04 | 11.98 |
Objectives of Freshara Agro Exports IPO
The Company proposes to utilize the funds which are being raised towards funding the following objectives:
Competitive Strength:
- ● Good relationships with contract farmers and other suppliers ensure the availability of raw materials in the off-season.
- ● Supporting an efficient supply chain enables the company to maintain long-term and intensive customer relationships.
- ● Quality assurance and control of product quality, which has earned the company various awards and accreditations.
- ● Advanced in-house processing facilities with a focus on cost competitiveness.
- ● A comprehensive product portfolio that enables the company to serve its customers around the world.
- ● Proven financial performance and a scalable business model.
- ● Experienced promoter and management team.
FAQs for Freshara Agro Exports IPO
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What is Freshara Agro Exports IPO?
Freshara Agro Exports IPO is a SME IPO. The company is going to raise ₹75.39 Crores via IPO. The issue is priced at ₹110 to ₹116 per equity share. The IPO is to be listed on NSE.
-
When Freshara Agro Exports IPO will open for subscription?
The IPO will open on October 17, 2024, for QIB, NII, and Retail Investors and close on October 21, 2024.
-
What is Freshara Agro Exports IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Freshara Agro Exports IPO Issue Size?
Freshara Agro Exports IPO issue size is ₹75.39 crores.
-
What is Freshara Agro Exports IPO Price Band?
Freshara Agro Exports IPO Price Band is ₹110 to ₹116.
-
What is Freshara Agro Exports IPO Lot Size?
The minimum bid is 1200 Shares with ₹139,200.
-
What is the Freshara Agro Exports IPO Allotment Date?
Freshara Agro Exports IPO allotment date is October 22, 2024.
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What is the Freshara Agro Exports IPO Listing Date?
Freshara Agro Exports IPO listing date is October 24, 2024. The IPO is to be listed on the NSE.
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What is Freshara Agro Exports current GMP?
The current GMP of the Freshara Agro Exports is 50 (43.10%).
RHP:
RHP of Freshara Agro Exports Limited IPO
DRHP:
DRHP of Freshara Agro Exports Limited IPO
-
What is Freshara Agro Exports IPO?
Freshara Agro Exports IPO is a SME IPO. The company is going to raise ₹75.39 Crores via IPO. The issue is priced at ₹110 to ₹116 per equity share. The IPO is to be listed on NSE.
-
When Freshara Agro Exports IPO will open for subscription?
The IPO will open on October 17, 2024, for QIB, NII, and Retail Investors and close on October 21, 2024.
-
What is Freshara Agro Exports IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Freshara Agro Exports IPO Issue Size?
Freshara Agro Exports IPO issue size is ₹75.39 crores.
-
What is Freshara Agro Exports IPO Price Band?
Freshara Agro Exports IPO Price Band is ₹110 to ₹116.
-
What is Freshara Agro Exports IPO Lot Size?
The minimum bid is 1200 Shares with ₹139,200.
-
What is the Freshara Agro Exports IPO Allotment Date?
Freshara Agro Exports IPO allotment date is October 22, 2024.
-
What is the Freshara Agro Exports IPO Listing Date?
Freshara Agro Exports IPO listing date is October 24, 2024. The IPO is to be listed on the NSE.
-
What is Freshara Agro Exports current GMP?
The current GMP of the Freshara Agro Exports is 50 (43.10%).
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