Freshtrop Fruits Buyback Record Date 2024, Price, Entitlement Ratio

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Freshtrop Fruits Buyback Record date

Freshtrop Fruits Buyback Record Date is finalized.

Freshtrop Fruits specializes in exporting fresh fruits and vegetables to prominent supermarket chains across Europe, Russia, and Hong Kong, as well as the domestic market. The company supplies fresh produce including grapes and pomegranates, fresh cuts of pomegranate arils and coconut chunks, and fruit pulps of various fruits in frozen, aseptic, and organic forms.

The company aims to provide food in its purest form to consumers in India and has established a cold extraction unit along with the latest HPP technology to ensure food safety. This initiative resulted in the launch of Second Nature in FY 2018. Under this brand, the company manufactures and sells fruit and veggie juices, fruit juices, juice bundles, and nut milk.

Freshtrop has consistently and successfully supplied demanding supermarkets such as ASDA, Tesco, Marks & Spencer, Albert Hynes, Delhaize, Carrefour, Migros, and several others.

For the year ending 31 March 2023, revenue from two customers in the Fresh Fruits business totaled INR 42.13 crore, and revenue from one customer in the Processing Business amounted to INR 17.83 crore, each contributing more than 10% of the company’s total segment revenue.

Freshtrop Fruits Buyback

Freshtrop Fruits Buyback Record Date, Other Details

Freshtrop Fruits Buyback Dates8 – 16 April 2024
Freshtrop Fruits Buyback Price INR 175 per share
Market Price on Buyback ApprovalINR 166.20 per share
Buyback Premium on Market Price5.30%
Buyback Offer Size (Shares)1,925,000 shares
Buyback Offer Size (Amount)INR 33.69 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE

Freshtrop Fruits Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal7 February 2024
Buyback Approval Date12 February 2024
Public Announcement of Buyback20 March 2024
Freshtrop Fruits Buyback Record Date2 April 2024
Buyback Opening Date8 April 2024
Buyback Closing Date16 April 2024
Cut-off Date to receive completed tender forms by Registrar16 April 2024
Verification Date by the Registrar22 April 2024
Return of unaccepted shares by Registrar24 April 2024
Extinguishment of accepted shares6 May 2024

Freshtrop Fruits Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Freshtrop Fruits Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
25/8429.76
General category
(for all other Eligible Shareholders)
11/6018.33

A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.


Freshtrop Fruits Financial Performance

FY 2021FY 2022FY 2023
Revenue146.54174.10246.19
Total Expenses137.42168.37236.30
Net income 9.497.368.46
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 175
Maximum shares for small shareholders (2,00,000/175)1,143 shares *
Closing price of stock as of 12 February 2024INR 166.20**
Maximum amount invested in buyback (INR 166.20 x 1,143 shares)INR 1,89,966
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Freshtrop Fruits Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1,143341341 (100%)3,000.81.58
1,143341682 (200%)6,001.63.16
1,1433411,023 (300%)9,002.44.74

Registrar of Freshtrop Fruits Buyback 2024

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


Manager of Freshtrop Fruits Buyback 2024

VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House, 11 Shashi Colony, Opp Suvidha Shopping Center,
Paldi, Ahmedabad – 380007, Gujarat
Phone: +91 – 79 – 4040 4242
Email[email protected]
Website: www.vivro.net


Process to Participate in Freshtrop Fruits Buyback

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 stockbroker. 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.


Frequently Asked Questions

What are Freshtrop Fruits buyback dates?

Freshtrop Fruits share buyback opens on 8 April 2024 and closes on 16 April 2024.

Which type of buyback is Freshtrop Fruits buyback offer?

Freshtrop Fruits buyback is a tender offer.

What is Freshtrop Fruits buyback price?

Freshtrop Fruits buyback price is INR 175 per share.

What is Freshtrop Fruits buyback record date?

Freshtrop Fruits buyback record date is 2 April 2024.

How to participate in Freshtrop Fruits share buyback?

Freshtrop Fruits share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.

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