Freshara Agro Exports IPO Detail: Open Date, Close Date, GMP, Price Band

Freshara Agro Exports IPO subscription opens from Thursday, October 17, 2024, and closes on Monday, October 21, 2024. It is a book-built issue of Rs 75.39 crores. This upcoming IPO is an entirely fresh issue of 64.99 lakh equity shares.

Freshara Agro Exports IPO price band is Rs 110 to Rs 116 per share. The minimum lot size set for the retail category is 1200 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 2400 shares. The minimum amount required for retail investors is Rs 1,39,200 (116 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,78,400 (116 x 2400 shares).

Freshara Agro Exports IPO allotment is expected to be finalised on Tuesday, October 22, 2024. The listing will be on the NSE SME platform on Wednesday, October 23, 2024. Currently, Freshara Agro Exports IPO GMP is Rs 50 which indicates that the listing price is expected to be near Rs 166 per share.

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Freshara Agro Exports IPO: Listing Date, Lot Size, Issue Size, Price Band

Freshara Agro Exports IPO opens on October 17 and closes on October 21, 2024. The tentative listing date is on October 24 and face value kept at Rs 10 per share. The Lot size is 1200 shares.

Freshara Agro Exports IPO: About the Company

Freshara Agro Exports Limited (FAEL) is a dynamic company based in Chennai, Tamil Nadu, India, focused on the food and beverages sector. Established in November 2023, FAEL specializes in the procurement, processing, and export of high-quality preserved gherkins and pickled products. With a commitment to quality and sustainability, the company serves a diverse clientele across more than 50 countries worldwide.

Under the leadership of Managing Director Junaid Iqbal and CFO Ganiva Yousuf, Freshara Agro Exports aims to strengthen its market presence while promoting Indian agricultural products on a global scale. The company's innovative approach and dedication to excellence position it as a key player in the agro-export industry.

Freshara Agro Exports IPO Objectives

The Company intends to utilize the funds raised from the fresh issue to meet several key objectives, including capital expenditure requirements, funding the company's working capital needs, covering general corporate purposes, and addressing the associated issue expenses.

Freshara Agro Exports IPO: Key Dates, Allotment, Listing Date

Freshara Agro Exports IPO key dates are discussed in the table below. Investors will be able to check the allotment on October 22, and those who will not get shares allotted, will get refund on October 23, 2024. The credit of shares will take place on the same day and listing will be on October 24, on the NSE SME platform.

Freshara Agro Exports IPO Subscription Details, IPO Reservation

Freshara Agro Exports IPO subscription details will be available after the IPO opens on 17 October 2024. In the retail investor category 35% of the net offer is reserved and 50% of the net offer is reserved for the Qualified Institutional Buyers and 15% for Non-institutional investors.

Freshara Agro Exports IPO Allotment Details

Freshara Agro Exports IPO Allotment status are available on its registrar Purva Sharegistry India Pvt Ltd website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

Freshara Agro Exports IPO GMP

Currently, Freshara Agro Exports IPO GMP (grey market premium) is trading at Rs 50. The issue price of this latest IPO is set at Rs 110 - Rs 116 per share. It is expected that the listing price can be near to Rs 166. However, if the subscription got oversubscribed then Freshara Agro Exports IPO GMP might rise..

Freshara Agro Exports IPO Lot Size Details

Freshara Agro Exports IPO lot size is set at 1200 shares per lot. Investors can bid a minimum of 1200 shares and its multiples. For the retail category, minimum and maximum bid is kept at 1200 shares amounting to Rs 1,39,200. The minimum lot size for HNI is 2 lots which is 2400 shares. The minimum investment for the HNI category is Rs 2,78,000.

Promoter Holdings

Freshara Agro Exports IPO promoters are Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed. The promoters' shareholdings before the IPO were 86.50 %; however, after the IPO, shareholdings will decline.

Freshara Agro Exports Limited Company Financials (Amt in Lakhs)

Freshara Agro Exports Limited posted revenue of Rs 10,746.11 lakhs and net profit of Rs 1,137.81 lakhs for the period ending on 30 Sept 2024. The company’s revenue increased by 55.92% and PAT increased by 140.30% between the FY ending on March 2024 and March 2023.

Freshara Agro Exports IPO Registrar

Freshara Agro Exports IPO registrar is Purva Sharegistry India Private Limited. On the date of allotment, Investors can click on Purva Sharegistry India Private Limited and select the name of the company, then enter PAN number or application ID to know their allotment status.

IPO Lead Managers

Freshara Agro Exports IPO lead managers are GYR Capital Advisors Private Limited.

How to apply to Freshara Agro Exports IPO

Interested investors can apply to the Freshara Agro Exports IPO directly from the Bigul trading app or you can apply by clicking here. Investors can also check the details of other upcoming IPO on Bigul.

Review of Freshara Agro Exports IPO

Freshara Agro Exports IPO has quietly generating positive response from the public. Many express optimisms due to the company's strong ties with local farmers and its established export capabilities, highlighting its diverse product range. Currently the GMP is at Rs 50 which indicates good response from the public.

Freshara Agro Exports IPO FAQs

1. What are the core details available of the Freshara Agro Exports IPO?

Freshara Agro Exports IPO is a book-built issue of Rs 75.39 crores. This upcoming IPO is an entirely fresh issue of 64.99 lakh equity shares.

2. When will Freshara Agro Exports IPO open and close?

Freshara Agro Exports IPO subscription opens from Thursday, October 17, 2024, and closes on Monday, October 21, 2024

3. What is Freshara Agro Exports IPO GMP?

Currently, Freshara Agro Exports IPO GMP (grey market premium) is trading at Rs 50. The issue price of this latest IPO is set at Rs 110 – Rs 116 per share. It is expected that the listing price can be near to Rs 116. However, if the subscription gets oversubscribed, then Freshara Agro Exports IPO GMP might rise in the coming days.

4. What are the details of Freshara Agro Exports IPO reservation?

Freshara Agro Exports IPO subscription details will be available after the IPO opens on 17 October 2024. In the retail investor category, 35% of the net offer is reserved, and 50% of the net offer is reserved for the Qualified Institutional Buyers, and 15% for Non-institutional investors.

5. Write the details of the IPO Allotment?

Freshara Agro Exports IPO Allotment details are available on its registrar Purva Sharegistry India Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

6. Who are the registrar and lead managers for Freshara Agro Exports IPO?

Freshara Agro Exports IPO Registrar, is Purva Sharegistry India Private Limited. The book-running lead manager for this IPO is GYR Capital Advisors Private Limited. Investors can check the allotment status in the Kfin Technologies Limited official website.

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