
✓
Open
17 Oct 2024
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Close
21 Oct 2024
3
Allotment
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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
| Category | Subscription (times) |
|---|---|
| Total | 216.50x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 166.00 | 166.58 | 84.91 | 58.88 |
| Total Income | 107.46 | 198.20 | 127.00 | 118.41 |
| Profit After Tax | 11.38 | 21.82 | 9.08 | 0.97 |
| NET Worth | 38.35 | 26.97 | 18.55 | 9.32 |
| Reserves and Surplus | 21.35 | 9.97 | ||
| Total Borrowing | 106.25 | 107.56 | 41.74 | 34.79 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jeyyam Global Foods Ltd. | SME | ₹81.94 Cr | ₹61 | 14.31 | ₹64.05 | +5.00% | ₹25.90 (+4.86%) |
| HOAC Foods India Ltd. | SME | ₹5.54 Cr | ₹48 | 21.95 | ₹139.65 | +190.94% | ₹671.00 (-2.75%) |
| Baba Food Processing (India) Ltd. | SME | ₹32.88 Cr | ₹76 | null | ₹72.20 | -5.00% | ₹24.00 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Capital Expenditure | 8.80 |
| 2 | Funding the working capital requirements of the company; | 56.00 |
| 3 | To meet out the General Corporate Purposes; and | 7.59 |
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