Tapi Fruit Processing IPO

Tapi Fruit Processing Ltd IPO 

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 nameTapi Fruit Processing Ltd
SectorFast Moving Consumer Goods
IndustryConsumer Food
Company Websitewww.tapifood.com

Dates to remember

IPO Opening date12 September 2022
IPO Closing14 September 2022
Basis of Allotment19 September 2022
Initiation Refunds20 September 2022
Credit to Demat Account21 September 2022
Listing Date22 September 2022

Tapi Fruit IPO Details

Subscription Dates12 – 14 September 2022
Price BandINR48 per share
Fresh issue10,86,000 shares (INR5.21 crore)
Offer For SaleNil
Total IPO size10,86,000 shares (INR5.21 crore)
Minimum bid (lot size)3,000 shares
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Tapi Fruit Processing IPO Lot Size

Retail (Min)13000₹144,000
Retail (Max)13000₹144,000

Tapi Fruit Financial Performance

Net income(0.86)10.0615.60
(Figures are in ₹ Lakhs)

Tapi Fruit Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio28.92
RONW (%)(4.95)36.6836.26
Debt/Equity ratio12.40

Company Promoters

  • Ghanshyambhai Laljibhai Lukhi
  • Ashokkumar Laljibhai Lukhi

Tapi Fruit Processing IPO Promoter Holding

Pre Issue Share Holding99.94%
Post Issue Share Holding

Lead Manager(s)

  • Fedex Securities Limited

Tapi Fruit IPO Registrar

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

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

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