Tapi Fruit Processing IPO will open for subscription from 12 September 2022. the company aims for an issue size of ₹5.21 Cr through this fixed price issue IPO.
Tapi Fruit Processing Ltd
Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised, and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups, and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.
The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).
The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.
Major Competitive Strengths
- Experienced promoter and management team.
- Well-established sales and distribution network.
- Diversified Product Portfolio.
Objects of the Issue
- Meeting incremental working capital requirements.
- Repayment/prepayment of certain borrowings availed by the Company.
- General corporate purposes.
Basic details about the company
| Full name | Tapi Fruit Processing Ltd |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | www.tapifood.com |
Dates to remember
| IPO Opening date | 12 September 2022 |
| IPO Closing | 14 September 2022 |
| Basis of Allotment | 19 September 2022 |
| Initiation Refunds | 20 September 2022 |
| Credit to Demat Account | 21 September 2022 |
| Listing Date | 22 September 2022 |
Tapi Fruit IPO Details
| Subscription Dates | 12 – 14 September 2022 |
| Price Band | INR48 per share |
| Fresh issue | 10,86,000 shares (INR5.21 crore) |
| Offer For Sale | Nil |
| Total IPO size | 10,86,000 shares (INR5.21 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Tapi Fruit Processing IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
Tapi Fruit Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 1,145.29 | 1,303.31 | 1,516.33 |
| Expenses | 1,140.30 | 1,301.45 | 1,500.35 |
| Net income | (0.86) | 10.06 | 15.60 |
Tapi Fruit Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.09) | 1.07 | 1.66 |
| PE ratio | – | – | 28.92 |
| RONW (%) | (4.95) | 36.68 | 36.26 |
| NAV | – | 2.91 | 4.56 |
| Debt/Equity ratio | – | – | 12.40 |
| EBITDA (%) | – | – | – |
Company Promoters
- Ghanshyambhai Laljibhai Lukhi
- Ashokkumar Laljibhai Lukhi
Tapi Fruit Processing IPO Promoter Holding
| Pre Issue Share Holding | 99.94% |
| Post Issue Share Holding |
Lead Manager(s)
- Fedex Securities Limited
Tapi Fruit IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Tapi Fruit Contact Details
TAPI FRUIT PROCESSING LIMITED
Office No. – 212 to 214, Sunrise Chambers,
Near Ashok Colony, Mini Bazar,
Varachha Road, Surat – 395006, Gujarat
Phone: +91 9825503717
Email: cs@tapifood.com
Website: www.tapifood.com
Tapi Fruit IPO Allotment Status
Tapi Fruit IPO allotment will be available on Bigshare Services’ website.
Click on this link to get allotment status.
Final thoughts
Tapi Fruit Processing IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
