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 Record Date, Other Details
| Freshtrop Fruits Buyback Dates | 8 – 16 April 2024 |
| Freshtrop Fruits Buyback Price | INR 175 per share |
| Market Price on Buyback Approval | INR 166.20 per share |
| Buyback Premium on Market Price | 5.30% |
| Buyback Offer Size (Shares) | 1,925,000 shares |
| Buyback Offer Size (Amount) | INR 33.69 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
Freshtrop Fruits Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 7 February 2024 |
| Buyback Approval Date | 12 February 2024 |
| Public Announcement of Buyback | 20 March 2024 |
| Freshtrop Fruits Buyback Record Date | 2 April 2024 |
| Buyback Opening Date | 8 April 2024 |
| Buyback Closing Date | 16 April 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 16 April 2024 |
| Verification Date by the Registrar | 22 April 2024 |
| Return of unaccepted shares by Registrar | 24 April 2024 |
| Extinguishment of accepted shares | 6 May 2024 |
Freshtrop Fruits Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Freshtrop Fruits Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 25/84 | 29.76 |
| General category (for all other Eligible Shareholders) | 11/60 | 18.33 |
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 2021 | FY 2022 | FY 2023 | |
| Revenue | 146.54 | 174.10 | 246.19 |
| Total Expenses | 137.42 | 168.37 | 236.30 |
| Net income | 9.49 | 7.36 | 8.46 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 175 |
| Maximum shares for small shareholders (2,00,000/175) | 1,143 shares * |
| Closing price of stock as of 12 February 2024 | INR 166.20** |
| Maximum amount invested in buyback (INR 166.20 x 1,143 shares) | INR 1,89,966 |
** For simplicity, we have considered the price on the buyback approval date
Freshtrop Fruits Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,143 | 341 | 341 (100%) | 3,000.8 | 1.58 |
| 1,143 | 341 | 682 (200%) | 6,001.6 | 3.16 |
| 1,143 | 341 | 1,023 (300%) | 9,002.4 | 4.74 |
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:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â 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:Â [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.
