Freshara Agro Exports IPO: Here are 10 latest Key things you need to know

Freshara Agro Exports IPO is set to open for subscription on October 17, 2024, and will close on October 21, 2024. This window allows investors to participate in the offering, providing them with the opportunity to invest in the company as it aims to raise capital through its initial public offering.

2. IPO Size and Fresh Issue

This IPO seeks to raise approximately ₹75.39 crores through a 100% fresh issue of equity shares, which reflects the company’s strategy to generate new funds for its operations and expansion. Each share will have a face value of ₹10, indicating the nominal value of the shares being offered.

3. Price Band and Lot Size

The price band for the Freshara Agro Exports IPO is fixed between ₹110 and ₹116 per share. Investors are required to apply in market lots, with the minimum lot size consisting of 1200 shares. This pricing structure is designed to attract a range of investors, from retail to institutional.

4. Investor Allocation

The allocation of shares in this IPO is structured to facilitate participation from various investor categories. Specifically, 35% of the offering is reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High-Net-Worth Individuals (HNIs). This distribution aims to create a balanced investor base and promote broader market participation.

5. Use of Funds

The funds raised through the IPO will be utilized for several strategic purposes. These include capital expenditure to expand and upgrade processing facilities, meeting working capital requirements for day-to-day operations and logistics management, addressing general corporate purposes, and covering issue expenses associated with the IPO process.

6. Key IPO Timelines

Investors should take note of critical dates related to the IPO. The basis of allotment will occur on October 22, 2024, followed by refunds processed on October 23, 2024. Shares will be credited to demat accounts on the same day, and the IPO is expected to list on the NSE SME platform on October 24, 2024.

7. Company Profile

Freshara Agro Exports is a significant player in the agro-export sector, specializing in the export of various agricultural products. The company is committed to quality and sustainability, aiming to source and deliver top-quality agricultural goods to international clients, thereby contributing positively to India’s agricultural growth.

8. Financial Performance

The financial performance of Freshara Agro Exports has shown remarkable growth over the past few years. The company reported revenues of ₹118.41 crores in 2022, followed by ₹127.00 crores in 2023. For the current financial year, 2024, it has achieved revenues of ₹198.02 crores, with effective cost management leading to a profit after tax of ₹21.82 crores.

9. Application Process

Investors can apply for the Freshara Agro Exports IPO through the ASBA (Applications Supported by Blocked Amount) method, which can be done online via bank accounts. Alternatively, they can use offline IPO forms that can be downloaded from the NSE website, ensuring flexibility in the application process.

10. Company Leadership and Contact Information

The company is led by prominent figures in the industry: Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed. For further information regarding the IPO, investors can reach Freshara Agro Exports at their office in Chennai or visit their website at fresharaagroexports.com. Additionally, they can contact Purva Sharegistry India Pvt Ltd, the IPO registrar, for assistance with the allotment status.Bottom of Form