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Freshara Agro Exports
Issue Size (Net)
up to Rs.75.39 Cr
Price Band
Rs.110 to Rs.116 per share
Issue Opens
October 17, 2024
Issue Closes
October 21, 2024

Company Highlights

1.Company Information


Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world.
Under a contract farming program, the company exports raw produce from local farmers in Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. 70% of the produce is "not ready-to-eat" and is supplied directly to factories for further processing and conversion into finished products. The remaining 30% is supplied to food brokers and traders in the international market. The company's products include gherkins, baby corn, jalapenos, and other pickled vegetables.
As of March 31, 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans.
The company is accredited by a number of leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food & Drug Administration (FDA), Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, Brand Reputation through Compliance Global Standard (BRCGS).

2. Objects of the Issue

The Company proposes to utilize the funds which are being raised towards funding the following objects:
1. To meet the Capital Expenditure;
2. Funding the working capital requirements of the company;
3. To meet the General Corporate Purposes; and
4. To meet the Issue Expenses.

3.Freshara Agro Exports SME IPO Registrar
Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

Freshara Agro Exports SME IPO Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Sep-24
16,599.73
10,746.11
1,137.81
3,834.58
2,134.58
10,625.22
31-Mar-24
28,853.09
19,801.58
2,182.41
5,958.45
996.77
17,618.10
31-Mar-23
8,490.64
12,700.22
908.2
1,855.49
4,173.89
Amount in Rs. Lakhs

Freshara Agro Exports SME IPO Details

Issue Opening Date
October 17, 2024
Issue Closing Date
October 21, 2024
Face Value
Rs.10 per share
Price
Rs.110 to Rs.116 per share
Lot Size
1200 Shares
Issue Size
6,499,200 shares(aggregating up to Rs.75.39 Cr)
Fresh Issue
6,499,200 shares(aggregating up to Rs.75.39 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
17,000,000
Share holding post issue
23,499,200
Market Maker portion
619,200 shares

Freshara Agro Exports SME IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Thursday, October 17, 2024
Closing Date
Monday, October 21, 2024
Basis of Allotment
Tuesday, October 22, 2024
Initiation of Refunds
Wednesday, October 23, 2024
Credit of Shares to Demat
Wednesday, October 23, 2024
Listing Date
Thursday, October 24, 2024
Cut-off time for UPI mandate confirmation
5 PM on October 21, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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