Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries. Our output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium.
Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional non-exclusive pre-processing and processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000 MTPA of finished products. Further, our Company has entered into an addendum to lease agreement dated April 09, 2017 with Royale Marine Impex Private Limited for an additional processing capacity of 3000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla. Along with this, to further assuage our operations, we have our own fleet of vehicles with freezing capabilities.
Promoters of Apex Frozen Foods – Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary
| Apex Frozen Foods IPO details | |
| Subscription Dates | 22 – 24 August 2017 |
| Price Band | INR171 – 175 per share |
| Fresh issue | 7,250,000 shares (INR123.97 – 126.87 crore) |
| Offer For Sale | 1,450,000 shares (INR24.80 -25.38 crore) |
| Total IPO size | 8,700,000 shares (INR148.77 – 152.25 crore) |
| Minimum bid (lot size) | 80 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Apex Frozen Foods’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 255.5 | 514.6 | 604.4 | 608.3 | 709.7 | |
| Total expenses | 241.2 | 494.2 | 576.2 | 578.1 | 671.3 | |
| Profit after tax | 9.4 | 13.4 | 18.4 | 19.3 | 24.4 | |
Apex Frozen Foods LimitedÂ
3-160, Panasapadu,
Kakinada,
East Godavari – 533 005 (AP)
Phone:Â +91 884 2383 902/03/04
Fax:Â +91 884 2383 905/906
Email: [email protected]
Website:Â www.apexfrozenfoods.com
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Earnings Per Share (EPS): INR10.17
Price/Earnings (P/E) ratio: 16.8 – 17.2
Return on Net Worth (RONW): 25.22%
Net Asset Value (NAV): INR40.32 per share
Apex Frozen Foods IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,660,000 | 0.00 | 0.00 | 1.91 |
| NII | 1,245,000 | 0.18 | 0.45 | 7.81 |
| Retail | 2,905,000 | 0.78 | 2.90 | 8.31 |
| Employees | Â 400,000 | 0.00 | 0.20 | 0.96 |
| Total | 6,210,000 | 0.40 | 1.46 | 6.02 |
Apex Frozen Foods IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 22 August 2017
IPO Closing Date: 24 August 2017
Finalisation of Basis of Allotment: 30 August 2017
Initiation of refunds: 1 September 2017
Transfer of shares to demat accounts: 1 September 2017
Listing Date: 4 September 2017
Listing Price on NSE: INR202 per share (up 15.4% from IPO price)
Closing Price on NSE: INR212.1 per share (up 21.2% from IPO price)
WHAT WILL BE THE EXPECTING LISTING PRIZE
If we know all that, we would have been like Karor ka pathi.
If we know all that, we would have been Karor ka pathi.
Good company with better fundamentals and pricing. Not greedy like Security Intelligence
Ryt sir. SIS is down then its ipo price still. The review on ipo central was absolutely correct on high price. Just one shock and thestock was down!!
apex will list under T group… WHY?? what is the criteria for this?
is it good or bad for stock or listing gain?
T group because the IPO size is small. Don’t worry, Salasar also listed in T group but check its performance now.
Salasar has dropped drastically. Hoping not to happen the same with this because of T group.
As it is categorized as T group, we cannot sell shares on listing day?
its worth to invest in APEX food IPO?
im ready to sell APEX in GMP any one can contact with me…9694630708
what is GMP?
how i can invest in the Apex Frozen Foods IPO ??
Apex should list between 20%-30% premium at the max. Markets are choppy whole Aug and are expected to remain same till Oct-Nov. So, this is max which one may expect from this IPO.
Expected IPO listing price 250
250 will be suprr return IMO
Apex is going to be a very interesting story. The valuations are very reasonable and takes into account the volatility in the market. Couple of quarters down the line and these ratios will be very attractive.
listing may be around Rs.235 to 260
If market sutable…..other wise below.
Apex IPO is categorized as T group, so we cannot sell shares on listing day?
Why so? No such rule.
Good knowledge. When can we sell than
Company wit basic infra and good management,will stay in market .hawa me chalane wala jyada din nahi tikate
When we will be knowing the allotment status?can anyone tell when it is going to declare
Check In bigshare, allotment done
I am not able to find,can you pls send me the link
http://www.bseindia.com/investors/appli_check.aspx
It will listing 210/.
Allotment date ???? & List DAte???????
can anybody tell me when will be the share allotted.
WHY LISTING DAY CANT BE SALE
Kuch nahi milta ipo me. Same story this time
D/SIR
THIS APPLICATION NO 002E11110007745
PLZ SEND ME ALLOTMENT CONFARMION
THENKS
I HAVE to APPLY ON 1ST DAY, NO SINGLE LOT ALLOTMENT. BROKERS ARE DONE THE FIXING WITH BIGSHARE & PROMOTERS. RIDICULOUS…
Allotment will be known tomorrow latest as amount blocked.
Same here no allotment received , I have applied 5 lot, but not received a single lot.
lagta h is baar sara allotment corporate investors ko hi mila h.
I have applied just 1 and alloted
Yes, No allotment.. seems some fixing… Ridiculous
I got 1 lot out of two applied
Congrts
What is expected listing price of apex
I have not get any allotments.
O of 8 lots. What happened.
Sir mjhe allotment nhi Mila h or Abhi tk mra amount bhi nhi clear hua h ky kru
Sir may I ask what your bid prices and each lot size were? Which one won you the lot? Would you be so kind as to share that info please?
Dharma
This message was for Mr. Raj who won one lot/bid… I had posted it as a reply to his message but it got posted at the top… Sorry Mr. Raj…