Freshara Agro Exports is engaged in the procurement, processing, and exporting of preserved gherkins and other pickled commodities from India to various global markets. The company prides itself on sourcing directly from accredited farms and farmers who adhere to sustainable agricultural methodologies. Freshara Agro Exports establishes buy-back agreements with farmers, supplying them with necessary sowing materials such as seeds, particularly benefiting identified small and marginal farmers.

The upcoming Freshara Agro Exports IPO is a Book Built Issue amounting to ₹75.39 Crores, consisting entirely of a Fresh Issue of 64.99 Lakh Shares. The subscription period for this IPO is set to open on October 17, 2024, and close on October 21, 2024. Allotment is expected to be finalized around October 22, 2024, with shares anticipated to list on the NSE SME on or about October 24, 2024.

The share price band for the Freshara Agro Exports IPO is fixed at ₹110 to ₹116 per equity share, with a minimum lot size of 1,200 shares. For retail investors, the minimum investment requirement is ₹1,39,200, while High-Net-Worth Individuals (HNIs) are required to invest in 2 lots (2,400 shares), totaling ₹2,78,400. GYR Capital Advisors Private Limited is the book-running lead manager, with Purva Sharegistry (India) Private Limited serving as the registrar, and Giriraj Stock Broking Private Limited acting as the market maker.

Freshara Agro Exports Limited IPO GMP Today

The Grey Market Premium (GMP) for Freshara Agro Exports Limited IPO is expected to be around ₹35, based on the company's financial performance. However, it’s important to note that real trading does not occur based on GMP, so price discovery before the listing is uncertain. The GMP reflects the unregulated demand and supply of shares, which may not be reliable for decision-making. This information is provided solely for educational and informational purposes.

Freshara Agro Exports Limited IPO Live Subscription Status Today

As of 10:25 AM on October 21, 2024, the live subscription status for the Freshara Agro Exports IPO shows a significant subscription rate of 45.37 times on its third day of the subscription period. Investors can access the Freshara Agro Exports IPO Live Subscription Status on the NSE for real-time updates.

Freshara Agro Exports Limited IPO Anchor Investors Report

Freshara Agro Exports has successfully raised ₹20.43 Crore from Anchor Investors at a price of ₹116 per share through consultations with the book-running lead managers. A total of 17,61,600 equity shares have been allocated to these investors. It is important to note that shares allotted to Anchor Investors are sourced from the Qualified Institutional Buyers (QIBs) reservation portion.

Freshara Agro Exports Limited IPO Allotment Date - Step-by-Step Guide to Check Allotment Status Online

The allotment date for the Freshara Agro Exports IPO is scheduled for October 22, 2024 (Tuesday). Once the allotment is confirmed, investors can check their status on the Registrar's Website. Here’s how to verify your allotment status:

Navigate to the IPO allotment status page.

Select Freshara Agro Exports Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Using these steps allows investors to efficiently check their allotment status and take appropriate action regarding their investments.

Objectives of Freshara Agro Exports Limited IPO

The proceeds from the Fresh Issue will be allocated for the following objectives:

₹879.97 Lakhs to meet capital expenditure needs.

₹5,600.00 Lakhs to fund the working capital requirements of the company.

To address general corporate purposes.

To cover issue expenses.

Freshara Agro Exports IPO Review

Freshara Agro Exports is led by Mr. Junaid Ahmed and Mr. Iqbalahmed Khudrathullah Mohammed, who collectively bring over 9 years of experience in the gherkins and pickled vegetables export business.

In terms of financial performance, the company has shown promising results. For the financial years 2021-22 and 2022-23, the revenue from operations was ₹11,840.68 lakhs and ₹12,700.22 lakhs, respectively. For the period ending January 23, 2024, revenue stood at ₹12,476.60 lakhs, and from January 24, 2024, to March 31, 2024, it reached ₹7,324.98 lakhs. The EBITDA figures for these periods were ₹495.41 lakhs, ₹1,749.30 lakhs, ₹2,176.09 lakhs, and ₹1,385.66 lakhs respectively, indicating significant operational profitability.

The Profit After Tax for the financial years 2022 and 2023 was reported at ₹97.36 lakhs and ₹908.20 lakhs, respectively. For the periods ended January 23, 2024, and from January 24, 2024, to March 31, 2024, the profit was ₹1,185.64 lakhs and ₹996.77 lakhs, showcasing a robust growth trajectory.

For the Freshara Agro Exports IPO, the company is issuing shares with a pre-issue EPS of ₹12.83 and a post-issue EPS of ₹9.29. The pre-issue P/E ratio is 9.04x, while the post-issue P/E ratio stands at 12.49x. The company's Return on Capital Employed (ROCE) for the first two months of FY24 is 10.04%, and the Return on Equity (RoE) is 36.96%. These financial metrics suggest that the IPO is fairly priced compared to industry norms.

The Grey Market Premium (GMP) for Freshara Agro Exports indicates potential listing gains of 30%. Given the company's solid financial performance and IPO valuation, it is recommended that only risk-tolerant investors consider applying for the Freshara Agro Exports Limited IPO for potential listing gains or long-term investment purposes.

In summary, the Freshara Agro Exports IPO presents an intriguing opportunity within the agri-export sector. Investors should carefully assess the associated risks and market conditions before making any investment decisions. For more insights on current investment opportunities, explore the best IPOs to apply now and keep updated with the latest IPO news and stock market trends.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.

For more insights, visit the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay informed with the Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.