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Freshara Agro Exports IPO IPO

Mainline17 Oct 202421 Oct 2024
Open
17 Oct 2024
Close
21 Oct 2024
3
Allotment
Listing
Thu, Oct 24, 2024
Price Band
₹110 to ₹116
Issue Size
64,99,200 shares (agg. up to ₹75 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Oct 24, 2024
✦ AI Insight

Live Subscription

CategorySubscription (times)
Total216.50x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets166.00166.5884.9158.88
Total Income107.46198.20127.00118.41
Profit After Tax11.3821.829.080.97
NET Worth38.3526.9718.559.32
Reserves and Surplus21.359.97
Total Borrowing106.25107.5641.7434.79
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Jeyyam Global Foods Ltd.SME₹81.94 Cr₹6114.31₹64.05+5.00%₹25.90 (+4.86%)
HOAC Foods India Ltd.SME₹5.54 Cr₹4821.95₹139.65+190.94%₹671.00 (-2.75%)
Baba Food Processing (India) Ltd.SME₹32.88 Cr₹76null₹72.20-5.00%₹24.00 (+0.00%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To meet out the Capital Expenditure8.80
2Funding the working capital requirements of the company;56.00
3To meet out the General Corporate Purposes; and7.59

About Freshara Agro Exports IPO

Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world. Under a contract farming program, the company exports raw produce from local farmers in Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. 70% of the produce is "not ready-to-eat" and is supplied directly to factories for further processing and conversion into finished products. The remaining 30% is supplied to food brokers and traders in the international market. The company's products include gherkins, baby corn, jalapenos, and other pickled vegetables. As of March 31, 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans. The company is accredited by a number of leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food & Drug Administration (FDA), Star-K Kos

Contact Details

Freshara Agro Exports Ltd. AddressOld No.3, New No.9Puram Prakasam Road, Balaji NagarRoyapettahChennai, Tamil Nadu, 600014+91 44 4357 0138cs@fresharaagroexports.comVisit Website