Freshara Agro Exports IPO: Freshara Agro Exports Ltd., formerly known as Freshara Picklz Exports, was founded in 2015 and has a book value of Rs 75.39 crore. It will consist only of a new 64.99 lakh share offering. October 17, 2024, is when the Initial Public Offering (IPO) will open, and October 21, 2024, is when it will close.
October 22, 2024, is when the same will be allocated. The fixed price range for each share is between Rs 110 and Rs 116. The minimum lot size required for a bid is 1,200 shares. A minimum investment of Rs 139,200 is required from retail investors. A minimum investment of Rs 278,400 is required from HNI investors for 2,400 shares, or 2 lots.
Freshara Agro Exports IPO Details
| IPO Open Date | October 17, 2024 |
| IPO Close Date | October 21, 2024 |
| Listing Date | Thursday, October 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹110 to ₹116 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,499,200 shares
(aggregating up to ₹75.39 Cr) |
| Fresh Issue | 6,499,200 shares
(aggregating up to ₹75.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Freshara Agro Exports IPO GMP Today
The IPO’s most recent GMP, as of October 15, 2024, 11:25 AM, is Rs 50. The pricing range for the IPO is Rs 116. Freshara Agro Exports Ltd is expected to list at a price of Rs 166, meaning that each share may potentially gain 43.10%. The Retail Subject to Sauda for the IPO is Rs 45,600.
About the Company – Agro Exports
Freshara Agro Exports Limited was founded in 2015 and imports, prepares, and distributes pickled commodities from India to other countries. Products from the businesses include pickled vegetables, baby corn, jalapenos, and gherkins. The company uses a contract farming program to run its operations, and it exports raw produce from nearby farmers in Tamil Nadu, Karnataka, and some regions of Andhra Pradesh.
The company sources its vegetables, including gherkins, directly from certified farms and farmers, guaranteeing sustainability through buy-back agreements. They supply small and marginal farmers in particular with the inputs they need to develop crops, such as seeds. At their plant in Velakalnatham Village, Tamil Nadu, where they adhere to stringent quality control procedures, the processing is carried out.
