Freshara Agro Exports Limited
Bookbuilding IPO · NSE
- Price band
- ₹110 - ₹116
- Lot size
- 1,200 shares
- Issue amount
- ₹75.39 cr
- Total subscription
- 236.95×
- Opens
- 17 Oct 2024
- Closes
- 21 Oct 2024
- Allotment
- 22 Oct 2024
- Listing
- 24 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 64,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹75.39 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,39,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,70,00,000
- Shares after issue
- 2,34,99,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,39,200 |
| HNI | 2 | 2,400 | ₹2,78,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 86 |
| NIB | — | 26,291 |
| RETAIL | — | 3,10,259 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.64 | 1,762.79 |
| RETAIL | 23.89 | 4,318.81 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.69 | 12.83 | 5.34 |
| ROE | 0 | 0 | 0 |
| ROCE | 12.31 | 10.04 | 20.25 |
| RONW | 29.67 | 36.96 | 36.35 |
| PRE IPO(PE) | 9.04 | 0 | 0 |
| POST IPO(PE) | 11.98 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and focuses on sourcing, processing, and exporting preserved gherkins and other pickled vegetables from India to international markets. The company follows a contract farming model by partnering with farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Around 70% of its produce is sent to factories for further processing, while 30% is exported directly to food brokers and traders. Freshara offers products like gherkins, baby corn, and jalapenos in industrial, food service, and retail packaging. The company maintains strict quality and food safety standards with certifications from FSSAI, US FDA, Star-K Kosher, APEDA, IFS, and BRCGS. As of September 30, 2024, it employs 135 people.
Strengths
- Reliable Raw Material Supply: Strong relationships with farmers and suppliers ensure consistent availability year-round.
- Efficient Supply Chain: Well-managed logistics help maintain long-term customer relationships and support growth.
- Recognized Quality: High product standards backed by awards and accreditations enhance global credibility.
Risk factors
- Spoilage Risk: Improper handling or storage may lead to product losses.
- Contamination Risk: Quality issues could hurt sales, reputation, and trigger regulatory action.
- Geopolitical Risk: Heavy reliance on overseas markets, like Russia, exposes the business to international conflicts and disruptions.
Promoters
Mr. Junaid Ahmed
Mr. Iqbalahmed Khudrathullah Mohammed
Mrs. Asma Syed
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Old No.3, New No.9, Puram Prakasam Road, Balaji Nagar, Royapettah, Chennai - 600014
+91 44 4357 0138
[email protected]Company website ↗Understanding FRESHARA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.