Freshara Agro Exports IPO Details: The Freshara Agro Exports IPO will open for subscription on October 17, 2024, and close on October 21, 2024. It is a Book Built Issue IPO, aiming to raise approximately ₹75.39 crores, entirely through a fresh issue. Additionally, the IPO includes an offer for sale of up to [.] equity shares, each with a face value of ₹10.
IPO Price Band and Market Lot
The IPO has a price band set between ₹110 to ₹116 per share. The allocation is distributed across investor categories:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
The shares are scheduled to list on the NSE on October 24, 2024, with the allotment date confirmed for October 22, 2024.
Financial Performance
The company has shown remarkable growth, reporting a revenue of ₹198.02 crores in 2024, up from ₹127.00 crores in 2023. Similarly, net profit surged to ₹21.82 crores in 2024 from ₹9.08 crores the previous year, highlighting strong financial momentum.
Investment Outlook
Given Freshara Agro Exports’ robust financials and growth trajectory, the IPO appears to be a promising opportunity. Investors looking for long-term value may find this IPO particularly attractive.
Freshara Agro Exports IPO Objectives:
The Company proposes to utilize the funds which are being raised towards funding the following objects:
- To meet the Capital Expenditure;
- Funding the working capital requirements of the company;
- To meet the General Corporate Purposes; and
- To meet the Issue Expenses.
Freshara Agro Exports IPO Review (Apply or Not)
- May Apply
Freshara Agro Exports IPO Date & Price Band Details:
| IPO Open Date: | October 17, 2024 |
| IPO Close Date: | October 21, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹110 to ₹116 Per Share |
| Issue Size: | Approx ₹75.39 Crores |
| Fresh Issue: | Approx ₹75.39 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Freshara Agro Exports IPO Lot Size:
The minimum market lot for the Freshara Agro Exports IPO is 1,200 shares, requiring an application amount of ₹278,400.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹139,200 |
| Retail Maximum | 1 | 1200 | ₹139,200 |
| HNI Minimum | 2 | 2400 | ₹278,400 |
Freshara Agro Exports IPO Timeline:
The Freshara Agro Exports IPO will open on October 17, 2024, and close on October 21, 2024. The allotment of shares will be finalized on October 22, 2024, with the IPO expected to list on October 24, 2024.
| IPO Open Date: | October 17, 2024 |
| IPO Close Date: | October 21, 2024 |
| Basis of Allotment: | October 22, 2024 |
| Refunds: | October 23, 2024 |
| Credit to Demat Account: | October 23, 2024 |
| IPO Listing Date: | October 24, 2024 |
Freshara Agro Exports IPO GMP Today:
The latest GMP for the Freshara Agro Exports SME IPO stands at ₹40. With a price band of ₹116, the estimated listing price is ₹156 (cap price + today’s GMP). This suggests a potential gain of approximately 34.48% per share.
Promoters of Freshara Agro Exports IPO
The promoters of the company are Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed.
About Company – Freshara Agro Exports
Freshara Agro Products specializes in procuring, processing, and exporting preserved gherkins and other pickled products to countries worldwide.
The company sources high-quality produce from accredited farms and farmers, processes them at its facility in Tirupattur District, Tamil Nadu, and exports the finished goods to international markets.
With a global footprint, Freshara Agro Products serves over 30 countries, including the USA, UK, Australia, Russia, Europe, and the Middle East.
Freshara Agro Exports IPO Company Financial Report
The company reported revenue of ₹198.02 crores in 2024 against ₹127.00 crore in 2023. The company reported profit of ₹21.82 crores in 2024 against profit of ₹9.08 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹118.41 | ₹116.80 | ₹0.97 | ₹58.88 |
| 2023 | ₹127.00 | ₹113.17 | ₹9.08 | ₹84.91 |
| 2024 | ₹198.02 | ₹166.93 | ₹21.82 | ₹288.53 |
| Sept 2024 | ₹107.46 | ₹92.20 | ₹11.38 | ₹166 |
Freshara Agro Exports IPO Valuation – FY2024
Check Freshara Agro Exports IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹- (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -% |
| Net Asset Value (NAV): | ₹- |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Freshara Agro Exports IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Freshara Agro Exports Limited
Old No.3, New No.9,
Puram Prakasam Road, Balaji Nagar,
Royapettah, Chennai – 600014
Phone: +91 44 4357 0138
Email: cs@fresharaagroexports.com
Website: https://fresharaagroexports.com/
Freshara Agro Exports IPO FAQs
What are the Freshara Agro Exports IPO opening and closing dates?
The IPO opens on October 17, 2024, and closes on October 21, 2024.
What is the Freshara Agro Exports IPO price band?
The IPO price band is set at ₹116 per share.
What is the minimum lot size for the Freshara Agro Exports IPO?
Investors must apply for a minimum of 1,200 shares, which amounts to an application cost of ₹278,400.
When will the Freshara Agro Exports IPO allotment be finalized?
The allotment will be finalized on October 22, 2024.
What is the expected listing date for Freshara Agro Exports IPO?
The IPO is expected to list on the stock exchanges on October 24, 2024.
Where will Freshara Agro Exports list its shares?
The company will list its shares on the SME platform of the exchange.
What is the latest Grey Market Premium (GMP) for the Freshara Agro Exports IPO?
As of October 13, 2024 (6:30 PM), the GMP is ₹40 per share.
What is the estimated listing price based on the current GMP?
With a GMP of ₹40, the estimated listing price is ₹156 per share (cap price + GMP).
What is the expected gain or loss based on the current GMP?
Based on the current GMP, the expected gain per share is approximately 34.48%.
What business does Freshara Agro Exports engage in?
The company focuses on procurement, processing, and exporting gherkins and other pickled products. It sources produce from accredited farms and processes them at its facility in Tirupattur District, Tamil Nadu, before exporting to over 30 countries, including the USA, UK, Australia, Russia, and the Middle East.
How can I check the Freshara Agro Exports IPO allotment status?
Investors can check the allotment status on the registrar’s website or through the stock exchange portal by entering their application details.
What are the risks involved in investing in the Freshara Agro Exports IPO?
As with any IPO, risks include market volatility, business-specific risks, and global trade fluctuations that may impact the company’s performance and stock price.
Can I apply for the Freshara Agro Exports IPO through UPI?
Yes, retail investors can apply for the IPO via UPI-supported applications through their brokers or trading platforms.
