Freshara Agro Exports Limited IPO launched on 17 October 2024, will be open until 21 October 2024. This book-building IPO is an entire fresh issue of 64.99 lakh equity shares, which will help Freshara Agro Exports Limited raise ₹ 75.39 crore.
As anticipated, the allotment of ipo for the Freshara Agro Exports Limited IPO will be finalized on 22 October 2024, Tuesday and the Freshara Agro Exports Ltd. stock will get listed on NSE SME probably on 24 October 2024, Thursday.
Freshara Agro NSE SME IPO has set the price band between ₹ 110 per share to ₹ 116 per share with a minimum ipo lot size of 1200 shares. For a retail investor, the minimum investment he needs to make in order to subscribe to Freshara Agro IPO is ₹ 139200, while for HNI; the minimum investment is ₹ 278400, as they need to subscribe for at least two lots.
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Freshara Agro Exports NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | October 17, 2024 |
| IPO Closing Date | October 21, 2024 |
| Tentative IPO Listing Date | October 24, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹110 to ₹116 per share |
| Lot Size | 1200 shares |
| Total Issue Size | 64.99 lakh shares (₹75.39 Cr) |
| Fresh Issue | 64.99 lakh shares (₹75.39 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 17000000 shares |
| Shareholding Post-issue | 23499200 shares |
Freshara Agro ExportsLimited| Company Overview
Freshara Agro Exports Limited was earlier known as Freshara Picklz Exports, which was incorporated in 2015. It deals in the procurement process, processing, and export of preserved Gherkins, and other pickles from India to different parts of the world.
It procures raw materials from Tamil Nadu, Karnataka, and in a few parts of Andhra Pradesh as well and then it exports them to the factories for processing. Around 70% of the business of Freshara agro is about procuring raw materials and supplying them to the factories for processing, while the remaining 30% deals with supplying the products to the food brokers in the global markets. Some of the most popular products of Freshara Agro include gherkins, jalapenos, baby corn, and other vegetables for pickles.
As of 31 March 2024, there were three types of packaging categories that Freshara Agro followed which include –
- Industrial Packaging in food-grade drums and pails
- Retail packaging in glass jars and tin cans
- Food packaging in plastic buckets and tin cans
Freshara Agro is licensed by FSSAI in India, the FDA in the USA, APEDA, and other food regulatory organizations across the globe.
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Freshara Agro Exports Limited IPO| Key Details
- Freshara Agro Exports Limited IPO Opening Date: October 17, 2024
- Freshara Agro Exports Limited IPO Closing Date: October 21, 2024
- Allotment Date: October 22, 2024
- Price Band: ₹110 to ₹110 per share
- Lot Size: 1200 shares
- Refunds Initiated: October 23, 2024
- Shares Credited to Demat: October 23, 2024
- Listing Date: October 24, 2024
Freshara Agro Exports Ltd.: Financial Overview
Freshara Agro Exports Limited has witnessed a significant jump in its revenue between FY23 and FY24 and so is in its Profits. Here is a detailed financial summary of the company that you must look at before subscribing to Freshara Agro Exports Limited IPO.
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change |
| Assets | 28,853.09 | 8,490.64 | 20,362.45 |
| Revenue | 19,801.58 | 12,700.22 | 7,101.36 |
| Profit After Tax | 2,182.41 | 908.2 | 1,274.21 |
| Net Worth | 5,958.45 | 1,855.49 | 4,102.96 |
| Reserves and Surplus | 996.77 | 996.77 | |
| Total Borrowing | 17,618.10 | 4,173.89 | 13,444.21 |
| Amount in ₹ Lakhs | |||
FAQs | Freshara Agro Exports Ltd. IPO
Freshara Agro Exports Ltd. deals in the procurement, processing, and export of gherkins, and other raw materials for pickles making.
The tentative IPO listing date of Freshara Agro Exports has been fixed as Thursday, October 24, 2024.
The bidding date for the Freshara Agro Exports Limited IPO is from October 17, 2024, to October 21, 2024.
The IPO lot size for Freshara Agro Exports is 1200 shares.
The IPO allotment is expected to be finalized on Tuesday, October 22, 2024.
The IPO face value is set at ₹10 per share.
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