Freshara Agro Exports IPO Details
| IPO Size | ₹75.39 Cr |
| Price Range | ₹110 - ₹116 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹139,200 |
| Pre IPO Promotor Holding | 86.50% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Freshara Agro Exports IPO Timelines
17/10/2024
Start Date21/10/2024
End Date23/10/2024
Refund Initiation23/10/2024
Credit of Shares to Demat Ac24/10/2024
Listing DateFreshara Agro Exports IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹139,200 |
| Retail Maximum | 1 | 1200 | ₹139,200 |
| HNI Minimum | 2 | 2400 | ₹278,400 |
Freshara Agro Exports IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 129.22x | 510.61x | 180.80x | -- | 236.80x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹135 | ₹134.70 | ₹141 | ₹128.25 |
Freshara Agro Exports IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹118.41 | ₹116.80 | ₹0.97 |
| FY 2023 | ₹127.00 | ₹113.17 | ₹9.08 |
| FY 2024 | ₹198.02 | ₹166.93 | ₹21.82 |
| FY 2025 (6 M) | ₹107.46 | ₹92.20 | ₹11.38 |
About Company
Freshara Agro Exports Limited was established as a partnership firm in 2015 and later transformed into a public limited company in November 2023. The company operates within India’s robust agricultural export sector, which recorded a total export value of $52.50 billion in 2022-23. Freshara Agro specializes in the procurement, processing, and export of preserved gherkins and pickled commodities, sourcing directly from accredited farms committed to sustainable practices.
The company’s operational model includes forming buy-back agreements with farmers, supplying them with necessary sowing materials. Freshara Agro’s focus on quality and sustainability positions it well within the competitive landscape of agricultural exports, which primarily includes agri-allied products, marine products, and textiles. With a strong foundation and commitment to innovation, Freshara Agro aims to enhance its market presence both domestically and internationally.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2023 | Agricultural | Junaid Ahmed |
Know Before Investing
Freshara Agro Exports IPO Strengths
- Strong relationships with contract farmers and vendors ensure a consistent supply of raw materials, even during the off-season.
- An efficient supply chain fosters long-term, robust customer relationships.
- Commitment to quality assurance and control has led to numerous awards and accreditations.
- Advanced in-house processing facilities prioritize cost competitiveness.
- A comprehensive product portfolio allows for service to a global customer base.
Freshara Agro Exports IPO Risks
- A significant portion of revenue comes from gherkin sales, accounting for 84.90%, 93.50%, and 90.90% of total revenue in Fiscal years 2022, 2023, and 2024, respectively.
- Failure to adapt to changing consumer preferences or ensure product quality could negatively impact demand, affecting business performance and financial health.
- Improper storage, processing, or handling of products like gherkins and baby corn may lead to spoilage, adversely impacting business prospects and financial results.
- Real or perceived product contamination risks reduced sales, product liability issues, reputational damage, and potential regulatory actions.
Swot Analysis for Freshara Agro Exports IPO
Strengths
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Company Details
Freshara Agro Exports Limited
Old No.3, New No.9,
Puram Prakasam Road, Balaji Nagar,
Royapettah, Chennai – 600014
Phone: +91 44 4357 0138
Email: [email protected]
Website: https://fresharaagroexports.com/
IPO Registar Details
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
FAQs
The key objectives of Freshara Agro Exports IPO are:
- To meet the Capital Expenditure;
- Funding the working capital requirements of the company;
- To meet the General Corporate Purposes; and
- To meet the Issue Expenses.
GYR Capital Advisors Private Limited is the book-running lead managers for the Freshara Agro Exports IPO.