This IPO is to be list on NSE SME platform on 24 October, 2024, and allotment date is on 22 October, 2024 which check Freshara Agro Exports IPO allotment status on Purva Sharegistry India Pvt Ltd is the registrar for this offering.
The book-running lead managers of this IPO is GYR Capital Advisors Private Limited. For more information check Freshara Agro Exports IPO DRHP and RHP details.
Freshara Agro Exports IPO Details
| IPO Issue Open Date: | 17 October 2024 |
| IPO Issue Close Date: | 21 October 2024 |
| IPO Issue Price Band: | ₹110 to ₹116 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹75.39 Crores | 6,499,200 shares |
| Fresh Issue: | ₹75.39 Crores | 6,499,200 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Freshara Agro Exports IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Freshara Agro Exports IPO Dates Timeline
| Issue Open Date: | 17 October 2024 |
| Issue Close Date: | 21 October 2024 |
| Basis of Allotment Date: | 22 October 2024 |
| Refunds Initiation: | 23 October 2024 |
| Shares Credit in Demat: | 23 October 2024 |
| IPO Listing Date Detail: | 24 October 2024 |
Freshara Agro Exports IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1200 shares = ₹139,200 |
| Retail (Max) | 1 lots and 1200 shares = ₹139,200 |
| HNI (Min) | 2 lots and 2400 shares = ₹278,400 |
| B-HNI Minimum | – |
Freshara Agro Exports IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹80 | ₹70,000 | ₹- | 69% |
| 23th Oct | ₹105 | ₹90,000 | ₹- | 90% |
| 21th Oct | ₹100 | ₹90,000 | ₹- | 86% |
| 18th Oct | ₹75 | ₹65,000 | ₹- | 65% |
| 17th Oct | ₹75 | ₹65,000 | ₹- | 65% |
| 16th Oct | ₹40 | ₹30,000 | ₹- | 34% |
| 11th Oct | ₹- | ₹- | ₹- | -% |
| 10th Oct | ₹- | ₹- | ₹- | -% |
About Freshara Agro Exports
Freshara Agro Exports was founded in 2015. They are engaged in the procurement, processing and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world. Their procurement process involves direct sourcing from accredited farms and farmers dedicated to sustainable agricultural methodologies. Their Company concludes buy-back agreements with the farmers and in turn supplies the farmers the necessary sowing material such as seeds to the identified small and marginal farmers they meticulously process the procured Gherkins and other pickled vegetables within their processing facility, adhering to stringent quality and preservation protocols prior to exportation. Gherkins and other pickled vegetables are processed in their processing facility situated at Survey No.380, Velakalnatham Village, Natrampalli Taluk, Tirupattur District, Tamil Nadu-635854 on a high-quality measure and packed in food-grade drums, glass jars and metal tins as processed products. Gherkins are savored pickle vegetable relished globally & consumed in the markets of Europe, USA, Australia, Russia, etc.
Freshara Agro Exports IPO Strengths
- 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;
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹198.02 crores in 2024 against ₹127.00 crores in 2023. The company reported a profit of ₹21.82 crores in 2024 against a loss of ₹9.08 crores in 2023.
| 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 – Key Performance Indicator
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: | -% |
| Earning Per Share (EPS): | ₹- (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -% |
| Net Asset Value (NAV): | ₹- |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| 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
Freshara Agro Exports IPO Lead Manager
- GYR Capital Advisors Private Limited
Freshara Agro Exports IPO allotment status check on Link Intime website. Click on Purva Sharegistry India Pvt Ltd to get allotment status.
Promoters of Freshara Agro Exports
- Mr. Junaid Ahmed
- Mr. Iqbalahmed Khudrathullah Mohammed
- Mrs. Asma Syed
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/