Freshara Agro Exports IPO is a book-built issue worth Rs 75.39 crores, consisting entirely of a fresh issue of 64.99 lakh shares.
The IPO will open for subscription on October 17, 2024, and close on October 21, 2024. The allotment date is expected to be Tuesday, October 22, 2024, with a tentative listing date set for Thursday, October 24, 2024, on the NSE SME platform.
Freshara Agro Exports operates in the Food Processing sector. Specifically, they focus on acquiring, preparing, and shipping preserved gherkins and other pickled products from India to various global destinations.
The price band for the IPO is set between ₹110 and ₹116 per share. Retail investors can apply for a minimum lot size of 1,200 shares, requiring an investment of ₹139,200. For High Net-Worth Individuals (HNI), the minimum investment is 2 lots (2,400 shares), totaling ₹278,400.
The book-running lead manager for the IPO is GYR Capital Advisors Private Limited, while Purva Sharegistry India Pvt Ltd serves as the registrar. Giriraj Stock Broking is the market maker for the Freshara Agro Exports IPO.
Freshara Agro Exports IPO Details:
| Company Name | Freshara Agro Exports Limited |
| Sector | Food Processing |
| IPO Type | SME |
| IPO Open date | 17th Oct 2024 |
| IPO Close date | 21st Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Freshara Agro Exports IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,39,200 |
| HNI (Min) | 2 | 2400 | 2,78,400 |
Freshara Agro Exports IPO Timeline:
| IPO Open Date | 17th Oct 2024 |
| IPO Close Date | 21st Oct 2024 |
| Basis of Allotment | 22nd Oct 2024 |
| Refund Initiation Date | 23rd Oct 2024 |
| Shares Credit to Demat | 23rd Oct 2024 |
| Listing Date | 24th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Freshara Agro Exports’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Food Processing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Freshara Agro Exports and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
