Freshara Agro Exports IPO description – Freshara Agro specializes in the procurement, processing, and export of preserved gherkins and other pickled products from India to various countries worldwide. The company sources its produce directly from accredited farms, entering into buy-back agreements with farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. It also provides them with the necessary sowing materials.
As of 31 March 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: Industrial packaging in food grade drums and pails; Food packaging in plastic buckets and tin cans; and Retail packaging in glass jars and tin cans.
Freshara Agro’s product range includes pickled gherkins, jalapeños, baby corn, banderillas, chilies, bell peppers, and mixed vegetables. These are packaged in food-grade drums, glass jars, and metal tins, ensuring quality and safety as processed products. For the fiscal year 2024, the company has an installed capacity of 29,200 MT per annum, with 21,756 MT currently being utilized. As of 31 March 2024, Freshara Agro employs 63 full-time staff.
Promoters of Freshara Agro Exports – Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed
Table of Contents
Freshara Agro Exports IPO Details
| Freshara Agro Exports IPO Dates | 17 – 21 October 2024 |
| Freshara Agro Exports Issue Price | INR 110 – 116 per share |
| Fresh issue | 64,99,200 shares (INR 71.49 – 75.39 crore) |
| Offer For Sale | NIL |
| Total IPO size | 64,99,200 shares (INR 71.49 – 75.39 crore) |
| Minimum bid (lot size) | 1,200 Shares (INR 1,39,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Freshara Agro Exports Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 |
| Revenue | 111.28 | 125.99 | 198.01 | 103.66 |
| Expenses | 116.80 | 113.17 | 166.93 | 92.20 |
| Net income | 0.97 | 9.08 | 21.85 | 11.38 |
Freshara Agro Exports Offer News
- Freshara Agro Exports RHP
- Freshara Agro Exports Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Freshara Agro Exports Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.57 | 5.34 | 12.83 |
| PE ratio | – | – | 8.57 – 9.04 |
Freshara Agro Exports IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 October 2024 | 100 | – | 88,000 |
| 21 October 2024 | 90 | – | 81,000 |
| 19 October 2024 | 90 | – | 81,000 |
| 18 October 2024 | 77 | – | 65,000 |
| 17 October 2024 | 65 | – | 57,500 |
| 16 October 2024 | 45 | – | 38,500 |
| 15 October 2024 | 45 | – | 35,000 |
| 14 October 2024 | 45 | – | 35,000 |
Freshara Agro Exports IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,76,000 | 8,83,200 | 20,59,200 | 41,18,400 |
| 21 Oct 2024 | 129.22 | 511.31 | 180.80 | 236.95 |
| 18 Oct 2024 | 7.27 | 51.42 | 48.67 | 37.44 |
| 17 Oct 2024 | 3.51 | 11.12 | 17.32 | 12.05 |
The market maker reservation portion of 6,19,200 Shares and anchor allocation of 17,61,600 shares are not included in the above calculations.
Freshara Agro Exports IPO Allotment Status
Freshara Agro Exports IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Freshara Agro Exports IPO Dates & Listing Performance
| IPO Opening Date | 17 October 2024 |
| IPO Closing Date | 21 October 2024 |
| Finalization of Basis of Allotment | 22 October 2024 |
| Initiation of refunds | 23 October 2024 |
| Transfer of shares to demat accounts | 23 October 2024 |
| IPO Listing Date | 24 October 2024 |
| Opening Price on NSE SME | INR 135 per share (up 16.38%) |
| Closing Price on NSE SME | INR 134.70 per share (up 16.12%) |
Freshara Agro Exports Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email:Â [email protected]
Website:Â www.gyrcapitaladvisors.com
Freshara Agro Exports Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â +91 022 4961 4132/ 31998810
Email:Â [email protected]
Website: www.purvashare.com
Freshara Agro Exports Issue Contact Details
FRESHARA AGRO EXPORTS LIMITED
Old No.3, New No.9, Puram Prakasam Road,
Balaji Nagar, Royapettah, Chennai– 600014, Tamil Nadu
Phone: +91 44 4357 0138
E-mail: [email protected]
Website: www.fresharaagroexports.com
IPO FAQs
What is Freshara Agro Exports offer size?
Freshara Agro Exports offer size is INR 71.49 – 75.39 crores.
What is Freshara Agro Exports offer price band?
Freshara Agro Exports public offer price is INR 110 – 116 per share.
What is the lot size of Freshara Agro Exports IPO?
Freshara Agro Exports offer lot size is N1,200 shares.
What is Freshara Agro Exports IPO GMP today?
Freshara Agro Exports IPO GMP today is INR 100 per share.
What is Freshara Agro Exports kostak rate today?
Freshara Agro Exports kostak rate today is INR NA per application.
What is Freshara Agro Exports IPO Subject to Sauda rate today?
Freshara Agro Exports’s Subject to Sauda rate today is INR 88,000 per application.
