Freshara Agro Exports Ltd
Price Range
₹110 - ₹116
Min. Quantity
1,200
Closes on
21 October 2024
Min. investment
₹1,39,200/1,200 Shares
Freshara Agro Exports Ltd IPO Timeline
Freshara Agro Exports Limited was originally formed as a Partnership Firm in the name and style of 'Freshara Picklz Exports' pursuant to Deed of Partnership dated June 23, 2015. Subsequently, the Firm was converted from Partnership firm into a Public Limited Company with the name and style of 'FRESHARA AGRO EXPORTS LIMITED' and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated November 22, 2023.
| Event | Date |
|---|---|
| Freshara Agro Exports Ltd IPO Opening Date | 17 October 2024 |
| Freshara Agro Exports Ltd IPO Closing Date | 21 October 2024 |
| Basis of Allotment | 22 October 2024 |
| Initiation of Refunds | 23 October 2024 |
| Credit of Shares to Demat | 23 October 2024 |
| Freshara Agro Exports Ltd IPO Listing Date | 24 October 2024 |
Freshara Agro Exports Ltd IPO Details
| Freshara Agro Exports Ltd IPO Date | 17 October 2024 to 21 October 2024 |
| Freshara Agro Exports Ltd IPO Face Value | ₹10 per share |
| Freshara Agro Exports Ltd IPO Price | ₹110 to ₹116 per share |
| Freshara Agro Exports Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹75.39 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹75.39 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Junaid Ahmed, Iqbalahmed Khudrathullah Moham, Asma Syed |
Freshara Agro Exports Ltd IPO Lot Size
The Freshara Agro Exports Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,39,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,39,200 |
| Maximum | 1 | 1,200 | ₹1,39,200 |
- Strengths
- Risks
- Opportunities
- Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.
- Support of efficient supply-chain enable us to have long-standing and deep customer relationships.
- Quality assurance and quality control of our products and as a result we received various awards and accreditations.
- Advanced in-house processing facilities with focus on cost competitiveness.
- Comprehensive product portfolio enables us to serve our customers spread across the globe.
- Demonstrated history of financial performance and a scalable business model.
- Experienced promoter and management team.
Company Financials
Freshara Agro Exports Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 166.58 | 73.25 | 9.97 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital Expedniture
- Working Capital
- General Corporate Purposes
Freshara Agro Exports Ltd IPO Promoter Holding
| Pre Issue Share Holding | 47.5% |
| Post Issue Share Holding | 34.36% |
Freshara Agro Exports Ltd IPO Subscription Status (Bidding Detail)
The Freshara Agro Exports Ltd IPO is subscribed 205.9828 times on 21 October 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 205.9828 |
Freshara Agro Exports Ltd IPO Prospectus
Freshara Agro Exports Ltd IPO Listing Date
| Listing Date | 24 October 2024 |
| BSE Script | 93476 |
| NSE Symbol | FRESHARA |
| Listing In | NSE - SME |
| ISIN | INE0SFW01015 |
| IPO Price | ₹116 |
| Face Value | ₹10 |
Company Contact Information
Old #.3 New #.9 Puram PrakasamBalaji Nagar Royapettah,Chennai-600014
Phone: +91 44 4357 0138
Email: cs@fresharaagroexports.com
Website: www.fresharaagroexports.com
Freshara Agro Exports Ltd IPO Registrar
Freshara Agro Exports Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd
FAQ
What is the issue size of Freshara Agro Exports Ltd IPO?
I have pre-applied for Freshara Agro Exports Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.