Freshara Agro Exports Limited

Company Profile
Company Name Freshara Agro Exports Limited
Open Date 17-10-2024
Close Date 21-10-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹110 to ₹116 per share
Issue Size 64,99,200 shares
Application Amount ₹1,39,200
Recommendation Avoid
Freshara Agro Exports Limited was originally incorporated as a partnership firm in the name “Freshara Picklz Exports” on July 24, 2015. The registered office is located at Chennai, Tamil Nadu. The company is engaged in the procurement, processing and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world. The company has 135 permanent employees as on Sep 30, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 11,127.9 12,599.4 19,378.6
EBITDA -192.09 1,672.67 3,185.51
Net Profit 97.35 908.19 2,182.42
RoCE -14.96% 59.27% 77.40%
ROE 10.45% 48.95% 80.93%
P/E 203.51 21.72 9.04

Tentative Timeline

Opening Date 17-10-2024
Closing Date 21-10-2024
Basis of Allotment 22-10-2024
Initiation of Refunds 23-10-2024
Credit of Shares to Demat 23-10-2024
Listing Date 24-10-2024

Objects of the Issue

Capital Expenditure
Working capital requirements
General Corporate Purposes

Contact Information

Registered Office Freshara Agro Exports Limited Old No.3, New No.9, Puram Prakasam Road, Balaji Nagar, Royapettah, Chennai - 600014
Phone +91 44 4357 0138
Email cs@fresharaagroexports.com
Website https://fresharaagroexports.com/

Registrar Details

Name Purva Sharegistry India Private Limited
Phone +91-022-23018261/ 23016761
Email newissue@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net Issue
Retail Shares Offered Not more than 35.00% of the Net Issue
NII (HNI) Shares Offered Not more than 15.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 86.50%
Shareholding Post Issue (Promoters) 62.58%

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