Freshara Agro Exports Limited IPO

NSE SME

Listed On: Oct 24, 2024 at ₹ 135.0

₹ 139200 /1200 Shares

Check Allotment

Freshara Agro Exports IPO Details

17 Oct, 2024

Open Date

21 Oct, 2024

Close Date

22 Oct, 2024

Allotment Date

24 Oct, 2024

Listing Date

Issue Price

₹110-116 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

135.0

Listing Date

2024-10-24

Market Lot

1200 Shares (₹139,200/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

6,499,200 shares(aggregating up to ₹75.39 Cr)

Retail Portion

35%

Subscription

236.95 times

IPO Docs

DRHP RHP

Freshara Agro Exports IPO Subscription Details

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

Total No. of Applications: 3,10,259 (Approx)

Freshara Agro Exports Valuations

EPS Pre IPO

₹12.84/-

EPS Post IPO

₹9.68/-

P/E Pre IPO

9.04

P/E Post IPO

11.98

RoNW

29.67%

Freshara Agro Exports Company Financials All values are in ₹ Lakh

	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

About The Company

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.

As of March 31,2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: 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.

As of September 30, 2024, the company had a total of 135 employees.

Freshara Agro Exports - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Mr. Junaid Ahmed
Mr. Iqbalahmed Khudrathullah Mohammed
Mrs. Asma Syed

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.

Freshara Agro Exports IPO - FAQs

Ans. Freshara Agro Exports Limited IPO is a SME IPO. The issue is priced at ₹110-116 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Oct 17, 2024, and closes on Oct 21, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Freshara Agro Exports Limited IPO opens on Oct 17, 2024 and closes on Oct 21, 2024.

Ans. The size of Freshara Agro Exports Limited IPO is 6,499,200 shares(aggregating up to ₹75.39 Cr).

Ans. The IPO price band is set between ₹110-116 per equity share.

Ans. To apply for Freshara Agro Exports Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Freshara Agro Exports Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Freshara Agro Exports Limited IPO is Oct 22, 2024.

Ans. The Freshara Agro Exports Limited IPO will be listed on Oct 24, 2024.

Ans. Follow the steps to check the allotment status for Freshara Agro Exports Limited IPO here.