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Freshara Agro Exports Ltd

FMCG

Offer Period :

17th to 21st Oct 2024

Freshara Agro Exports Ltd IPO Details

IPO Date 17th to 21st Oct 2024 Minimum Investment ₹139200 / 1 Lots
Listing Date 2024-10-24 Maximum Investment ₹139200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹75.39 Crores
Price ₹116 to ₹116 per share Fresh Issue ₹75.39 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 17th to 21st Oct 2024
Listing Date 2024-10-24
Face Value ₹10 per share
Price ₹116 to ₹116 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹139200 / 1 Lots
Maximum Investment ₹139200 / 1 Lots
Total Issue Size ₹75.39 Crores
Fresh Issue ₹75.39 Crores
Offer For Sale
Retail Discount ₹ 0

Freshara Agro Exports Ltd IPO :

Founded in 2015, Freshara Agro Exports Limited, formerly Freshara Picklz Exports, specializes in procuring, processing, and exporting preserved gherkins and other pickled goods globally. Through contract farming, the company sources raw produce from Tamil Nadu, Karnataka, and parts of Andhra Pradesh. While 70% of its produce is processed into finished goods, the remaining 30% is sold to international food brokers.
 

Freshara Agro Exports Limited, established in 2023, is poised to go public with its Initial Public Offering (IPO), presenting an exciting opportunity for investors to gain exposure to India's expanding agro-export industry. The company specializes in the export of pickled and preserved agricultural products, catering to a growing global demand. With a focus on high-quality, sustainably sourced produce, Freshara Agro Exports is well-positioned to capitalize on its expanding market presence.
 

The IPO aims to raise capital through the issuance of 64,99,200 equity shares. The proceeds will be used to increase production capabilities, improve distribution networks, and meet working capital requirements. As the demand for agro-exports continues to rise, particularly in regions like the Middle East, Europe, and North America, Freshara Agro Exports is strategically placed to expand its footprint and capture a larger share of the market. This IPO offers investors a unique opportunity to participate in the growth of a promising company in the agro-export sector.

 

Timeline

Important dates for allocation and IPO listing.

17th Oct

IPO Starts

21st Oct

IPO Ends

22nd Oct

Allotment Date

23rd Oct

Initiation of Refund

23rd Oct

Credit of Shares to Demat Account

24th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 86.5 62.57
Public Group 13.5 37.43

Freshara Agro Exports Ltd IPO Reservation

QIB Shares Offered 1176000(18.09%)
NII (HNI) Shares Offered 883200(13.59%)
Retail Shares Offered 2059200(31.68%)
Anchor Investor Shares Offered 1761600(27.1%)
Total Shares Offered 6499200
Total Shares With Anchor Investor 6499200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Freshara Agro Exports Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd
Phone Number +91-022-49614132,022-31998810
Email Id newissue@purvashare.com
Our Website www.purvashare.com

Freshara Agro Exports Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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Freshara Agro Exports Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 11,76,000 85,47,600 6.0
Non Institutional Investors 15,02,400 7,64,85,600 7,301.0
Retail Individual Investors (RIIs) 20,59,200 13,07,97,600 87,168.0
Total 47,37,600 21,58,30,800 1,08,998.0

Strength of Freshara Agro Exports Ltd

1. Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

2. Support of efficient supply-chain enable us to have long-standing and deep customer relationships.

3. Quality assurance and quality control of our products and as a result we received various awards and accreditations.

4. Advanced in-house processing facilities with focus on cost competitiveness.

5. Comprehensive product portfolio enables us to serve our customers spread across the globe.

6. Demonstrated history of financial performance and a scalable business model.

7. Experienced promoter and management team.

Risks Involved

1. The company derives significant portion of its revenue from sell of Gherkins as accounted for 84.90%, 93.50%, and 90.90 of the company revenue from operations in Fiscal 2022, 2023 and 2024 respectively. An inability to anticipate and adapt to evolving consumer preferences and demand for particular products, or ensure product quality may adversely impact demand for its products and consequently the company's business, results of operations, financial condition and cash flows.

2. Improper storage, processing or handling of whole products of Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products may result in spoilage of, and damage to, such whole Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products which may adversely affect its business prospects, results of operations and financial condition.

3. Real or perceived product contamination could result in reduced sales, product liability and damage to its reputation, and subject the company to regulatory action.

4. The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

5. The company derives a significant portion of its revenue from customers located overseas, including in Russia, which is currently involved in a war with Ukraine.

6. The company completed its conversion from a Partnership firm to a public limited company on November 22, 2023. However, the accounts of the partnership firm were subsequently closed on January 23, 2024.

7. The company faces foreign exchange risks that could adversely affect its results of operations and cash flows.

8. Its top ten customers contribute majority of the company's revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

9. The discontinuation of, the loss of business with respect to, or a lack of commercial success of, a particular product for which the company is a significant supplier could affect its business and results of operations.

10. The requirement of funds in relation to the objects of the Issue has not been appraised.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Freshara Agro Exports Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-24 93476 FRESHARA
INE0SFW01015
₹116 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹116 ₹116
Open ₹0 ₹135
Low ₹0 ₹128.25
High ₹0 ₹141
Low ₹0 ₹128.25

Industry Outlook of Freshara Agro Exports IPO

- The global agro-export industry is experiencing steady growth, driven by increasing consumer demand for organic and sustainable food products.
 

- India's agro-export market is benefiting from government initiatives and policy support, including tax benefits and export incentives.
 

- The demand for preserved and pickled agricultural products is growing, especially in international markets such as the Middle East, Europe, and the US, where Freshara Agro Exports has a strong presence.
 

- The Indian agro-export sector is projected to grow at a CAGR of 8-10% over the next five years, fueled by rising global food consumption and India's competitive pricing in agricultural exports.
 

- Freshara Agro Exports is focused on tapping into the high-potential segments of the agro-export market, leveraging its expertise in processing, and preserving agricultural products to meet international quality standards.
 

- With its IPO, the company aims to strengthen its production capacity and distribution network, which will enable it to meet the rising global demand for its products.

Frequently Asked Questions

What is Freshara Agro Exports Ltd IPO?

Answer Field

Freshara Agro Exports Ltd IPO is a SME IPO of 64,99,200 equity shares of a face value of ₹10 aggregating up to ₹75.39 Crores. The issue is priced at ₹116 to ₹116 per share. The minimum order quantity is 1200 Shares. The IPO opens on October 17, 2024, and closes on October 21, 2024. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Freshara Agro Exports Ltd IPO will open?

Answer Field

The Freshara Agro Exports Ltd IPO opens on October 17, 2024 and closes on October 21, 2024.

What is the lot size of Freshara Agro Exports Ltd?

Answer Field

Freshara Agro Exports Ltd lot size is 1200 shares, and the minimum amount required is ₹1,39,200.

How to apply for Freshara Agro Exports Ltd IPO?

Answer Field

You can apply in Freshara Agro Exports Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Freshara Agro Exports Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Freshara Agro Exports Ltd IPO will be done on October 22, 2024, and the allotted shares will be credited to your demat account by October 23, 2024.

When is Freshara Agro Exports Ltd IPO listing date?

Answer Field

The Freshara Agro Exports Ltd listing date is October 24, 2024.

Who is the registrar of Freshara Agro Exports Ltd IPO?

Answer Field

The registrar of Freshara Agro Exports Ltd IPO is Purva Sharegistry (I) Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Freshara Agro Exports Ltd IPO?

Answer Field

The fresh issue size is ₹75.39 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Freshara Agro Exports Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,39,200 amount.

How can I approve the UPI mandate request for Freshara Agro Exports Ltd IPO?

Answer Field

To apply for Freshara Agro Exports Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Freshara Agro Exports Ltd?

Answer Field

The price of each Freshara Agro Exports Ltd share will be ranging in between ₹116 to ₹116 per share.

What is the cut-off time for the UPI mandate for Freshara Agro Exports Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 21, 2024.

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