Freshara Agro Exports IPO will open for subscription from 17 October 2024. The company aims for an issue size of ₹75.39 Cr through this IPO.
Company Overview
| Full name | Freshara Agro Exports Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://www.fresharaagroexports.com/ |
About Company
Freshara Agro specializes in the procurement, processing, and export of preserved gherkins and other pickled products from India to various countries worldwide. The company sources its produce directly from accredited farms, entering into buy-back agreements with farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. It also provides them with the necessary sowing materials.
As of 31 March 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: Industrial packaging in food grade drums and pails; Food packaging in plastic buckets and tin cans; and Retail packaging in glass jars and tin cans.
Freshara Agro’s product range includes pickled gherkins, jalapeños, baby corn, banderillas, chilies, bell peppers, and mixed vegetables. These are packaged in food-grade drums, glass jars, and metal tins, ensuring quality and safety as processed products. For the fiscal year 2024, the company has an installed capacity of 29,200 MT per annum, with 21,756 MT currently being utilized. As of 31 March 2024, Freshara Agro employs 63 full-time staff.
The Objectives of the 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 IPO Timetable
| IPO Opening date | 17 October 2024 |
| IPO Closing | 21 October 2024 |
| Basis of Allotment | 22 October 2024 |
| Initiation Refund | 23 October 2024 |
| Credit to Demat Account | 23 October 2024 |
| Listing Date | 24 October 2024 |
Freshara Agro Exports IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹75.39 Cr – 6,499,200 shares |
| Fresh Issue | ₹75.39 Cr – 6,499,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹110 to ₹116 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 619,200 shares |
| Shareholding pre-issue | 17,000,000 |
| Shareholding post-issue | 23,499,200 |
| Listing Exchange | NSE SME |
Freshara Agro Exports Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹139,200 |
| Retail (Max) | 1 | 1200 | ₹139,200 |
| HNI (Min) | 2 | 2,400 | ₹278,400 |
Freshara Agro Exports Offer Documents
Freshara Agro Exports IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 | |
| Revenue | 111.28 | 125.99 | 198.01 | 103.66 |
| Expenses | 116.80 | 113.17 | 166.93 | 92.20 |
| Net income | 0.97 | 9.08 | 21.85 | 11.38 |
Freshara Agro Exports Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.57 | 5.34 | 12.83 |
| PE ratio | – | – | 8.57 – 9.04 |
Company Promoters
- Mr. Junaid Ahmed
- Mr. Iqbalahmed Khudrathullah Mohammed
- Mrs. Asma Syed
Promoter Holding
| Pre Issue Share Holding | 86.50% |
| Post Issue Share Holding |
Freshara Agro Exports Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 October 2024 | 100 | – | 88,000 |
| 21 October 2024 | 90 | – | 81,000 |
| 19 October 2024 | 90 | – | 81,000 |
| 18 October 2024 | 77 | – | 65,000 |
| 17 October 2024 | 65 | – | 57,500 |
| 16 October 2024 | 45 | – | 38,500 |
| 15 October 2024 | 45 | – | 35,000 |
| 14 October 2024 | 45 | – | 35,000 |
Freshara Agro Exports IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,76,000 | 8,83,200 | 20,59,200 | 41,18,400 |
| 21 Oct 2024 | 129.22 | 511.31 | 180.80 | 236.95 |
| 18 Oct 2024 | 7.27 | 51.42 | 48.67 | 37.44 |
| 17 Oct 2024 | 3.51 | 11.12 | 17.32 | 12.05 |
Freshara Agro Exports IPO Allotment Status
Freshara Agro Exports IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Freshara Agro Exports IPO Listing Details
| Listing Date | |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Freshara Agro Exports IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Freshara Agro Exports Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132/ 31998810
Email: newissue@purvashare.com
Website: www.purvashare.com
Freshara Agro Exports Contact Details
FRESHARA AGRO EXPORTS LIMITED
Old No.3, New No.9, Puram Prakasam Road,
Balaji Nagar, Royapettah, Chennai– 600014, Tamil Nadu
Phone: +91 44 4357 0138
E-mail: cs@fresharaagroexports.com
Website: www.fresharaagroexports.com
Freshara Agro Exports IPO FAQs
What is Freshara Agro Exports offer size?
Freshara Agro Exports offer size is ₹ 71.49 – 75.39 crores.
What is Freshara Agro Exports offer price band?
Freshara Agro Exports public offer price is ₹ 110 – 116 per share.
What is the lot size of Freshara Agro Exports IPO?
Freshara Agro Exports offer lot size is 1,200 shares.
What is Freshara Agro Exports Offer GMP today?
Freshara Agro Exports IPO GMP today is ₹ 100 per share.
What is Freshara Agro Exports kostak rate today?
Freshara Agro Exports kostak rate today is ₹ NA per application.
What is Freshara Agro Exports IPO Subject to Sauda rate today?
Freshara Agro Exports’s Subject to Sauda rate today is ₹ 88,000 per application.
Final thoughts
Freshara Agro Exports IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
