Freshara Agro Exports IPO subscriptions open on Thursday, October 17, and run through Monday, October 21. Each equity share in the Freshara Agro Exports SME IPO has a face value of ₹10, and the price range for them is ₹110–116. Subsequently, bids with a minimum bid of 1,200 equity shares may be made for multiples of 1,200 equity shares. The equity shares’ face value is multiplied by 11 in the floor price and by 11.60 in the cap price.
Freshara Agro Exports IPO Details
IPO for Freshara Agro Exports Ltd. is scheduled to begin on October 17, 2024, and end on October 21, 2024. The dates of the Freshara Agro Exports Ltd initial public offering (IPO) are October 17–21, 2024. On the next day of the issue closing day, at 12 PM, is the deadline for confirming the UPI mandate.
| 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 Financials
| FY 2024 | |
| Assets | 16,599.73 |
| Revenue | 10,746.11 |
| Profit After Tax | 1,137.81 |
| Net Worth | 3,834.58 |
| ROCE | 12.31% |
| Debt/Equity | 2.77 |
| RoNW | 29.67% |
| P/BV | 7.31 |
| PAT Margin (%) | 10.98 |
About the Company – Freshara Agro Exports
Freshara Agro Exports Limited was established as a partnership firm under the name and style of ‘Freshara Picklz Exports’ on June 23, 2015, according to a Deed of Partnership. Following that, the Firm was transformed from a Partnership firm to a Public Limited Company with the name and style of ‘FRESHARA AGRO EXPORTS LIMITED’ and acquired a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman located in Chennai on November 22, 2023.
The company is involved in the acquisition, processing, and export of preserved gherkins and other pickled goods from India to other nations across the world. The Company enters into buy-back agreements with farmers and then provides them with the essential sowing materials, such as seeds, to the identified small and marginal farmers.
