Freshara Agro Exports IPO Date, Price, GMP, Review, Details

Freshara Agro Exports IPO

Chennai-based Freshara Agro Exports IPO is a Book Built Issue. This is a NSE SME IPO which is open for subscription on 17 October, 2024 and will close on 21 October, 2024. The price band of the IPO is ₹110 to ₹116 per share.

The total IPO Size is ₹75.39 crore in which fresh issue of ₹75.39 crores and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Freshara Agro Exports IPO for minimum lot size is 1200 shares for the retail investors, aggregating to an investment of ₹139,200.

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:

Checkout the Freshara Agro Exports IPO Prospectus of DRHP and RHP file.
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Freshara Agro Exports IPO Dates Timeline

Get the tentative dates and schedule for latest IPO Freshara Agro Exports IPO are open and close date, allotment status, refunds, and listing details
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

You can bid for a minimum of 1200 shares and maximum 2400 shares in retail investors section, Also you can check HNI investors section for minimum and maximum in terms of shares and amount.
ApplicationLot SizeShares 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 DateGMP TodaySubject to SaudaKostakExpected 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

  1. To meet the Capital Expenditure;
  2. Funding the working capital requirements of the company;
  3. To meet the General Corporate Purposes; and
  4. 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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.

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANA– 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/

Freshara Agro Exports IPO FAQs

What is Freshara Agro Exports IPO Detail?

Freshara Agro Exports IPO is a main-board IPO. The company is going to raise ₹75.39 Crores via IPO. The issue is priced at ₹110 to ₹116 pr equity share. The IPO is to be listed on NSE SME.

How to Apply Freshara Agro Exports IPO Online?

You can apply for Freshara Agro Exports IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.

When Freshara Agro Exports IPO will open?

The IPO is to open on 17 October 2024 for QIB, NII, and Retail Investors. The IPO will close on 21 October 2024.

What is Freshara Agro Exports IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

What is Freshara Agro Exports IPO Size?

Freshara Agro Exports issue size is ₹75.39 crores.

What is Freshara Agro Exports IPO Price Band?

Freshara Agro Exports IPO Price Band is ₹110 to ₹116.

What is the Lot Size of Freshara Agro Exports IPO?

The Freshara Agro Exports IPO minimum bid size is1200 Shares with ₹139,200 amount.

What is the Freshara Agro Exports IPO Allotment Date?

Freshara Agro Exports IPO allotment date is 22 October, 2024.

What is the Freshara Agro Exports IPO Listing Date?

Freshara Agro Exports IPO listing date is 24 October, 2024. The IPO is to list on NSE SME.

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