Freshara Agro Exports IPO Highlights
Freshara Agro Exports Ltd, is going to launch its IPO. The opening date of this IPO is October 17th, 2024 and it will close on October 21th, 2024. This is going to be a book built issue. Through its first public offering (IPO), the company aims to collect about ₹ 75.39 crores. This is an entirely fresh issue of 6499200 equity shares having a face value of ₹10 each. The price band of Freshara Agro Exports IPO is between ₹110 to ₹ 116.
Freshara Agro Exports IPO Detail
| IPO Opening and Closing Date | October 17, 2024 to October 21, 2024 |
| IPO Price Range | Rs 110 to Rs 116 Per Share |
| Face Value of Share | Rs 10 Per Share |
| Net Issue Size Offered | 6499200 Shares amounting to ₹ 75.39 Crores |
| Fresh Issue | 6499200 Shares amounting to ₹ 75.39 Crores |
| Offer For Sale | N/A |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Freshara Agro Exports IPO, Tentative Date Schedule
| IPO Opening Date | Thursday, October 17, 2024 |
| IPO Closing Date | Monday, October 21, 2024 |
| Allotment Date | Tuesday, October 22, 2024 |
| Refund Initiation | Wednesday, October 23, 2024 |
| Credit of Shares in Demat Account | Wednesday, October 23, 2024 |
| Listing Date | Thursday, October 24,2024 |
The Freshara Agro Exports IPO will open on October 17, 2024 and it will close on October 21, 2024. The allotment for Freshara Agro Exports IPO will be finalised on Tuesday, October 22, 2024. The listing date of Freshara Agro Exports IPO on both BSE as well as NSE is fixed as Thursday, October 24, 2024.
Freshara Agro Exports IPO GMP Today
Freshara Agro Exports IPO GMP today is ₹50 as of 16 September 2024.
Freshara Agro Exports IPO Financials
| Period | 30 September, 2024 | 31 March, 2024 | 31 March, 2023 | 31 March, 2022 |
| Total Assets | ₹16599.73 | ₹28853.09 | ₹8490.64 | ₹5887.64 |
| Total Revenue | ₹10746.11 | ₹19801.58 | ₹12700.22 | ₹11840.68 |
| Expense | ₹9129.59 | ₹11317.08 | ₹11679.81 | |
| Profit After Tax | ₹1137.81 | ₹2182.41 | ₹908.2 | ₹97.36 |
| Company’s Net Worth | ₹3834.58 | ₹5958.45 | ₹1855.49 | ₹931.58 |
| Total Reserve & Surplus | ₹2134.58 | ₹996.77 | – | – |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | 12.31% |
| ROE | |
| Price to Book Value | |
| Return on Net Worth | 29.67% |
| Debt Equity Ratio | 2.77 |
| After Tax Profit Margin (%) | 10.98 |
Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Minimum Lot Investment (Retail Investor) | 1 | 1200 | ₹139200 |
| Retail Investor (Max Lot) | 1 | 1200 | ₹139200 |
| HNI (Min. Lot) | 14 | 2400 | ₹278400 |
Investors Reserved Quota
| Shares Reserved for Institutional Investors | 50% of the Total Issue |
| Shares Reserved for Retail Individual Investors | 35% of the Total Issue |
| Shares Reserved for Non Institutional Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | April 01, 2024 to September 30, 2024 | January 24, 2024 to March 3, 2024 | Year Ended March 31, 2023 | Year Ended March31, 2022 |
| Cash From Operating Activities | ₹874.34 | ₹-1758.33 | ₹-0.83 | ₹-460.77 |
| Cash from Investing Activities | ₹-728.62 | ₹-498.38 | ₹-310.32 | ₹-398.52 |
| Cash From Financing Activities | ₹-396.65 | ₹2251.33 | ₹505.00 | ₹832.09 |
Product Wise Revenue Generation
| Product | 30 April 2024 | 31 March,2024 | 31 March 2023 |
| Gherkins | ₹8809.11 | ₹16444.02 | ₹11782.46 |
| Babycorns | ₹137.63 | ₹400.49 | ₹158.03 |
| Banderilla | ₹97.12 | ₹352.99 | ₹149.08 |
| Chillies, Bell peper, Jalapeno | ₹65.83 | ₹408.90 | ₹356.54 |
| Mix (Gherkins, Chillies, Banderillas) | ₹1231.70 | ₹1772.25 | ₹153.34 |
| Others | ₹24.15 | – | – |
| Total | ₹10365.55 | ₹19378.65 | ₹12599.45 |
Domestic Vs International Revenue Breakdown
| Particulars | April 01, 2024 to September 30, 2024 | 31 March,2024 | 31 March 2023 |
| International Revenue | ₹10266.03 | ₹ 19334.05 | ₹ 12510.86 |
| Domestic Revenue | ₹ 24.15 | ₹ 44.60 | ₹ 88.59 |
Freshara Agro Exports IPO Objectives
- General Corporate Purposes
- To meet Capital Expenditure
- To cover the Cost of Issue.
- Working Capital Requirements
Peer Group Comparative Analysis:
Currently, there are no publicly listed companies in India, which are operating in the same industry and that are of similar size and financial standing.
Strengths and Weaknesses of Proposed IPO
Strengths:
- The company’s promoters bring extensive industry experience and credibility, strengthening its operational foundation.
2. The IPO proceeds will be used exclusively for business expansion, not for debt repayment, allowing the company to retain more capital for growth.
3. The ago-export sector offers significant growth potential, driven by high global demand for agricultural products.
4. The company’s listing on the NSE Emerge platform improves transparency and liquidity, making its shares more accessible to a wider range of investors.
Weaknesses:
- Freshara Agro Exports operates in the exports of agro products, which faces risks such as fluctuating crop yields, changing weather conditions, and potential export limitations, which could affect the profitability of company.
- This is the company’s first public issue offering, and there is no established market for its shares. It may create some uncertainty for investors regarding after listing performance of shares.
- There are no similar sized, public listed companies in the same sector in India, making it difficult for investors to benchmark Freshara’s financial and operational performance.
- Like all other equity investments, this IPO carries a risk of capital loss if the company does not meet performance expectations.
Management & Promoter Group of Freshara Agro Exports Ltd
· Mr. Iqbalahmed Khudrathullah Mohammed
· Mrs. Asma Syed
· Mr. Junaid Ahmed
| Promoters Shareholding Pre- Issue | 86.50% |
| Promoters Shareholding Post- Issue |
Anchor investor
The company has secured ₹20.43 crores from anchor investors ahead of its IPO. The bid date for anchor investors, for this IPO has been set to October 16, 2024.
| Bid Date Open | October 16, 2024 |
| Shares offered for Anchor Investors | 1761600 |
| Anchor Investors Portion (In Cr.) | 20.43 |
| End Date of Lock in Period (for 50% Shares) (30 Days) | November 21, 2024 |
| End Date of Lock in Period (for Remaining 50% Shares) (90 Days) | January 20, 2025 |
Lead Managers of Freshara Agro Exports IPO
GYL Capital Advisors Pvt Ltd.
Registrar of Freshara Agro Exports IPO
Purva Sharegistry India Pvt Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Contact Details of the Company
Old No. 3, New No. 9,
Puram Prakasam Road, Balaji Nagar,
Royapettah, Chennai,
Tamil Nadu-600014, India
Telephone: +914443570138
Email: cs@fresharaagroexports.com
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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