Freshara Agro Exports IPO is a book built issue of Rs 75.39 crores. The issue is entirely a fresh issue of 64.99 lakh shares.
Freshara Agro Exports IPO bidding opened for subscription on October 17, 2024 and will close on October 21, 2024. The allotment for the Freshara Agro Exports IPO is expected to be finalized on Tuesday, October 22, 2024. Freshara Agro Exports IPO will list on NSE SME with tentative listing date fixed as Thursday, October 24, 2024.
Freshara Agro Exports IPO price band is set at ₹110 to ₹116 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹278,400.
Freshara Agro Exports IPO Details
| Detail | Information |
|---|---|
| IPO Date | October 17, 2024 to October 21, 2024 |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Price Band | ₹110 to ₹116 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Fresh Issue | 6,499,200 shares (aggregating up to ₹75.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 17,000,000 shares |
| Shareholding Post-Issue | 23,499,200 shares |
| Market Maker Portion | 619,200 shares |
| Lead Manager | Giriraj Stock Broking |
Freshara Agro Exports IPO Timeline (Tentative Schedule)
Freshara Agro Exports IPO opens on October 17, 2024, and closes on October 21, 2024.
| IPO Open Date | Thursday, October 17, 2024 |
| IPO Close Date | Monday, October 21, 2024 |
| Basis of Allotment | Tuesday, October 22, 2024 |
| Initiation of Refunds | Wednesday, October 23, 2024 |
| Credit of Shares to Demat | Wednesday, October 23, 2024 |
| Listing Date | Thursday, October 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 21, 2024 |
Freshara Agro Exports IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 IPO Promoter Holding
Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed are the company’s promoters.
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue |
Company Financials
Freshara Agro Exports Limited’s revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 16,599.73 | 16,657.8 | 8,490.64 | 5,887.64 |
| Revenue | 10,746.11 | 19,819.58 | 12,700.22 | 11,840.68 |
| Profit After Tax | 1,137.81 | 2,182.41 | 908.2 | 97.36 |
| Net Worth | 3,834.58 | 2,696.77 | 1,855.49 | 931.58 |
| Reserves and Surplus | 2,134.58 | 996.77 | ||
| Total Borrowing | 10,625.22 | 10,755.98 | 4,173.89 | 3,479.1 |
About Freshara Agro Exports Limited
Freshara Agro Exports Limited is a leading player in the agricultural export sector, specializing in the sourcing, processing, and export of high-quality agricultural products. The company is committed to sustainability and innovation, focusing on delivering fresh and processed products to markets worldwide.
Freshara Agro Exports Limited Mission
Freshara’s mission is to enhance the global food supply chain by promoting sustainable agricultural practices, supporting local farmers, and ensuring that consumers receive the highest quality products.
Company IPO Document :- RHP PDF
Company Officials Page :- https://www.fresharaagroexports.com/
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