Freshara Agro Exports Ltd IPO

Freshara Agro Exports Ltd IPO

FMCG

sme

Bidding period

17 Oct 2024 - 21 Oct 2024

Bid price

₹116.00 - ₹116.00

Listing on

NSE-SME

Listing date

24 Oct 2024

Lot size

1200 shares

Issue size

₹75.39 crore


Minimum investment

₹1,39,200.00 / 1 lot

Maximum investment

₹1,39,200.00 / 1 lot

Bidding closed on 21 Oct 2024

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Freshara Agro Exports Ltd IPO dates

IPO opening date

17 Oct 2024

IPO end date

21 Oct 2024

Allotment date

22 Oct 2024

Initiation of refunds

23 Oct 2024

Credit of shares to demat

23 Oct 2024

IPO listing date

24 Oct 2024

Freshara Agro Exports Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹166.58
Total liabilities ₹166.58
Total expenditure ₹60.45
Total revenue ₹73.25
Profit after tax ₹9.97
EBITDA ₹13.95
Adjusted EBITDA ₹0.00

Freshara Agro Exports Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 86.5 62.57
Public group 13.5 37.43

Freshara Agro Exports Ltd strengths and risks

Information currently unavailable

  • 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.

  • The company derives significant portion of its revenue from sell of Gherkins as accounted for 84.90%, 93.50%, and 90.90 of the company revenue from operations in Fiscal 2022, 2023 and 2024 respectively. An inability to anticipate and adapt to evolving consumer preferences and demand for particular products, or ensure product quality may adversely impact demand for its products and consequently the company's business, results of operations, financial condition and cash flows.

  • Improper storage, processing or handling of whole products of Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products may result in spoilage of, and damage to, such whole Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products which may adversely affect its business prospects, results of operations and financial condition.

  • Real or perceived product contamination could result in reduced sales, product liability and damage to its reputation, and subject the company to regulatory action.

  • The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

  • The company derives a significant portion of its revenue from customers located overseas, including in Russia, which is currently involved in a war with Ukraine.

  • The company completed its conversion from a Partnership firm to a public limited company on November 22, 2023. However, the accounts of the partnership firm were subsequently closed on January 23, 2024.

  • The company faces foreign exchange risks that could adversely affect its results of operations and cash flows.

  • Its top ten customers contribute majority of the company's revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • The discontinuation of, the loss of business with respect to, or a lack of commercial success of, a particular product for which the company is a significant supplier could affect its business and results of operations.

  • The requirement of funds in relation to the objects of the Issue has not been appraised.

How to check the allotment status of the Freshara Agro Exports Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Freshara Agro Exports Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Freshara Agro Exports Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Freshara Agro Exports Ltd IPO registrar

Purva Sharegistry (I) Pvt Ltd

Phone number +91-022-49614132,022-31998810
E-mail ID newissue@purvashare.com
Website www.purvashare.com

Freshara Agro Exports Ltd IPO reservation

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%)

Anchor investor shares offered

17,61,600 (27.1%)

Total shares offered

64,99,200

Total shares with anchor investor

64,99,200

Freshara Agro Exports Ltd IPO lead manager

  • GYR Capital Advisors Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Freshara Agro Exports Ltd IPO?

The listing date for the Freshara Agro Exports Ltd IPO is 24 Oct 2024.

What is the issue size of Freshara Agro Exports Ltd IPO?

The issue size of the Freshara Agro Exports Ltd IPO is ₹75.39 cr.

What is the minimum lot size needed for Freshara Agro Exports Ltd IPO?

The minimum lot size for Freshara Agro Exports Ltd IPO is 1200

When does the Freshara Agro Exports Ltd open and close?

Freshara Agro Exports Ltd IPO is open from 17 Oct 2024 to 21 Oct 2024.

How can I apply for the Freshara Agro Exports Ltd IPO?

To apply for the Freshara Agro Exports Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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