Freshtrop Fruits Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Freshtrop Fruits Buyback

Freshtrop Fruits Buyback 2022 description Freshtrop Fruits is engaged in export of fresh fruits and vegetables to supermarket chains in the International and Domestic Markets.

The company supplies Fresh Produce of Grapes & Pomegranates, Fresh cut of Pomegranate Arils & Coconut Chunks and Fruit Pulps of various fruits in Frozen, Aseptic & organic forms. It’s a leading and consistent supplier of grapes and pomegranates from India to supermarkets mainly in Europe.

The company’s intention is of bringing food in its purest form to consumers in India and it has set up a cold extraction unit along with the latest HPP technology for ensuring food safety. This led to the launch of Second Nature in FY 2018. Through this brand, the company manufactures and sells Fruit & Veggie Juices, Fruit Juices, Bundles of Juices and Nut Milks. 

Freshtrop Fruits has supplied to supermarkets such as ASDA, Tesco, Marks & Spencer, Albert Hynes, DelHaize, Carrefour, Migros and several others.

Freshtrop fruits 1

Freshtrop Fruits Share Buyback 2022 Details

Buyback Dates20 December 2022 – 7 February 2023
Freshtrop Fruits Buyback Maximum Price INR 115 per share
Market Price on Buyback ApprovalINR 94.25 per share
Buyback Premium on Market Price22.02%
Buyback Offer Size (Minimum Shares)6,95,652 shares
Buyback Offer Size (Maximum Amount)INR 8.00 crore
Offer TypeOpen Market
Promoter ParticipationNo
Face Value INR 10 per share
Listing AtBSE

Buyback Closure Details

Buyback Average PriceINR 100.49 per share
Buyback Offer Size (Shares)7,93,094 shares
Buyback Offer Size (Amount)INR 7.97 crore

Freshtrop Fruits Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal7 December 2022
Buyback Approval Date7 December 2022
Public Announcement of Buyback9 December 2022
Freshtrop Fruits Buyback Record DateNot Applicable
Buyback Opening Date20 December 2022
Buyback Closing Date7 February 2023

Freshtrop Fruits Buyback 2022 Documents

Completion of Buyback
Public Announcement
Board Approval
Upcoming Share Buyback

Freshtrop Fruits Buyback Entitlement Ratio

There is no shareholder entitlement since the buyback will be conducted through open market purchases.

Freshtrop Fruits Financial Performance

FY 2020FY 2021FY 2022
Total Income165.16146.54174.10
Total Expenses155.59132.15163.52
Net income 4.629.497.36
Figures in INR crore unless specified otherwise

Registrar of Freshtrop Fruits Buyback 2022

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Phone: +91-79-40307050-57
E-mail: [email protected]

Manager of Freshtrop Fruits Buyback 2022

711, Mahakant, Opp. V S Hospital,
Ellisbridge, Ahmedabad – 380006
Phone: +91-79-2657 7571/2657 5337
Email: [email protected]

Process to Participate in Freshtrop Fruits Buyback

Buybacks are conducted either through open market or through a tender process.

Through Tender Process

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Through Open Market

Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increase, effectively making them more valuable.

Frequently Asked Questions

When does Freshtrop Fruits share buyback offer open?

Freshtrop Fruits share buyback opens on 20 December 2022 and closes on 19 June 2023.

Which type of buyback is Freshtrop Fruits buyback offer?

Freshtrop Fruits buyback is an open market offer.

What is Freshtrop Fruits buyback price?

Freshtrop Fruits buyback price is INR 115 per share.

What is Freshtrop Fruits buyback record date?

Freshtrop Fruits buyback record date is Not Applicable.

How to participate in Freshtrop Fruits buyback?

Freshtrop Fruits buyback will be conducted through open market purchases and thus, no special participation is required from investors.


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