Freshara Agro Exports Limited

17 Oct 2024 - 21 Oct 2024 Individual Category IPO NSE

Min Investment

₹264000

Price Band

₹110-₹116

Issue Size

47.38 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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17 Oct 2024

Open Date

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21 Oct 2024

Close Date

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22 Oct 2024

Allotment Date

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24 Oct 2024

Listing Date

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 54.96 crores. This upcoming IPO is an entirely fresh issue of 47.38 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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About Freshara Agro Exports Limited

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.

Founded

2023

Managing Director

Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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