Freshara Agro Exports IPO
Freshara Agro Exports is an NSE SME IPO listed on the NSE SME platform, priced at ₹110–₹116 per share. The stock debuted at ₹135, delivering a listing gain of 16.4%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,39,200.
Freshara Agro Exports Limited IPO
- IPO Dates
- Oct 17, 2024 – Oct 21, 2024
- Price band
- ₹110-116 per equity share
- Minimum Investment
- ₹1,39,200
- Issue size
- ₹75.39 Cr
- Lot size
- 1200
- Allotment Date
- Oct 22, 2024
- Listing
- Oct 24, 2024
- Listing At
- NSE SME
IPO timeline
-
Oct 17, 2024
Open Date
Completed
-
Oct 21, 2024
Close Date
Completed
-
Oct 22, 2024
Allotment Date
Completed
-
Oct 24, 2024
Listing Date
Completed
Freshara Agro Exports IPO Essentials
Freshara Agro Exports IPO Details
Freshara Agro Exports IPO is priced at ₹110-116 per share with a total issue size of 75.39 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹110-116 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,499,200 shares(aggregating up to ₹75.39 Cr)
- Total issue size
- 64,99,200 shares
(aggregating up to ₹75.39 crore) - Fresh issue
- 64,99,200 shares
(aggregating up to ₹75.39 crore) - Listing at
- NSE SME
- List price
- 135.0
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
GYR Capital Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,39,200 |
| Retail(max) | 1 | 1200 | ₹1,39,200 |
| NII (min) | 2 | 2400 | ₹2,78,400 |
Freshara Agro Exports IPO Reservation
Freshara Agro Exports IPO reservation details show category-wise allocation of shares. Out of the total 64,99,200 shares, approximately 18.09% are reserved for QIB, 13.59% for NII, 31.68% for retail investors, 9.53% for market maker, and 27.1% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 17,61,600 (27.1%) | |
| Market Maker Shares Offered | 6,19,200 (9.53%) | |
| QIB Shares Offered | 11,76,000 (18.09%) | |
| NII (HNI) Shares Offered | 8,83,200 (13.59%) | |
| Retail Shares Offered | 20,59,200 (31.68%) | |
| Total Shares Offered | 64,99,200 (100%) |
Freshara Agro Exports IPO Analytics
Freshara Agro Exports IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Freshara Agro Exports IPO Subscription Status
Freshara Agro Exports IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,176,000 / 883,200 | 2,059,200 | 4,118,400 |
|
Day 1
17-10-24 06:00 PM
|
(3.51 / 11.23) x | 17.80 x | 12.31 x |
|
Day 2
18-10-24 06:00 PM
|
(7.27 / 50.80) x | 49.25 x | 37.60 x |
|
Day 3
21-10-24 06:00 PM
|
(129.22 / 511.31) x | 180.80 x | 236.95 x |
Freshara Agro Exports Valuations
Earnings
- EPS Pre IPO
- ₹12.84/-
- EPS Post IPO
- ₹9.68/-
- P/E Pre IPO
- 9.04
- P/E Post IPO
- 11.98
Returns
- ROCE
- 12.31%
- RoNW
- 29.67%
- PAT Margin
- 10.98
Fundamentals
- Debt / Equity
- 2.77
- Price / Book
- 7.31
Freshara Agro Exports Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 28,853.09 | 8,490.64 | 5,887.64 |
| Revenue | 19,801.58 | 12,700.22 | 11,840.68 |
| Profit After Tax | 2,182.41 | 908.2 | 97.36 |
| Net Worth | 2,696.77 | 1,855.49 | 931.58 |
| Reserves & Surplus | 996.77 | N/A | N/A |
| Total Borrowing | 10,755.98 | 4,173.89 | 3,479.1 |
Freshara Agro Exports Company & Offer Insights
About Freshara Agro Exports
Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, is a company founded in 2015 that procures, processes, and exports preserved Gherkins and other pickled goods from India to different countries across the globe.
Under the contract farming program, it exports raw produce from the farmers in the States of Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. The percentage of raw produce that cannot be consumed fresh amounts to 70%. Most of it directly reaches factories that process further, and changes to ready-to-use products. Meanwhile, a balance of 30% is given directly to the international market of food brokers and traders. Some of the main items are pickled gherkin, baby corn, jalapenos, and pickled vegetables among others.
As of March 31, 2024, the company manufactures and exports pickled vegetables in 3 categories of packaging. Details of the 3 categories of packaging: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans.
The company is approved by several influential organizations, like the Food Safety and Standards Authority of India, United States Food & Drug Administration, Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, and Brand Reputation through Compliance Global Standard (BRCGS).
As on September 30, 2024, there were 135 employees in total.
Freshara Agro Exports Promoter(s)
Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, Mrs. Asma Syed are the company's promoters of Freshara Agro Exports.
Freshara Agro Exports IPO Issue Objectives
- •
- To meet the Capital Expenditure
- •
- Funding the working capital requirements of the company
- •
- To meet the General Corporate Purposes
- •
- To meet the Issue Expenses.
Contact Information
Contact Details
Freshara Agro Exports
+91 44 4357 0138
https://fresharaagroexports.com/
Old No.3, New No.9, Puram Prakasam Road, Balaji Nagar, Royapettah, Chennai - 600014
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
Freshara Agro Exports IPO is a book-built IPO worth ₹75.39 crore. The price band is ₹110–₹116 per share. The IPO opens on Oct 17, 2024 and closes on Oct 21, 2024. It will be listed on NSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The price band of Freshara Agro Exports IPO is ₹110 to ₹116 per share.
The lot size of Freshara Agro Exports IPO is 1200 shares.
The minimum investment for Freshara Agro Exports IPO is approximately ₹1,39,200 based on the upper price band .
Freshara Agro Exports IPO opens on Oct 17, 2024 and closes on Oct 21, 2024.
The allotment date of Freshara Agro Exports IPO is Oct 22, 2024.
Freshara Agro Exports IPO is expected to be listed on Oct 24, 2024, on NSE SME Platform.
Freshara Agro Exports IPO valuation snapshot: P/E 11.98, EPS ₹9.68/-, P/B 7.31, RoNW 29.67%, and market cap N/A.
To apply for Freshara Agro Exports IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Freshara Agro Exports IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Freshara Agro Exports IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Freshara Agro Exports IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Freshara Agro Exports IPO allotment status on IPO Ji for quick and easy access.