Freshara Agro Exports Limited IPO

Freshara Agro Exports Limited IPO opens for subscription on October 17, 2024, and closes on October 21, 2024. The allotment for the Freshara Agro Exports IPO is expected to be finalized on Tuesday, October 22, 2024. Freshara Agro Exports IPO will list on NSE SME with a tentative listing date fixed as Thursday, October 24, 2024.

Freshara Agro Exports IPO price band is set at ₹110 to ₹116 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹278,400.

Freshara Agro Exports IPO is a book-built issue of Rs 75.39 crores. The issue is entirely a fresh issue of 64.99 lakh shares.

Freshara Agro Exports IPO Details

Freshara Agro Exports IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

About Freshara Agro Exports Limited

The Company proposes to utilize the funds which are being raised towards funding the following objects:

1. To meet the Capital Expenditure;
2. Funding the working capital requirements of the company;
3. To meet the General Corporate Purposes; and
4. To meet the Issue Expenses.

About Freshara Agro Exports Limited

Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, has been a key player in the procurement, processing, and export of preserved gherkins and pickled goods since its inception in 2015. Operating under a contract farming program, the company sources raw produce from local farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh, with 70% of its supply directed to processing factories and the remaining 30% reaching food brokers in international markets. With a diverse product range including gherkins, baby corn, and jalapenos, Freshara offers three distinct packaging options—industrial, food, and retail—ensuring compliance with various global standards, such as FSSAI and FDA. The company’s strengths lie in its robust relationships with suppliers, an efficient supply chain, rigorous quality control, advanced processing facilities, and a scalable business model, all supported by an experienced management team. As of September 30, 2024, Freshara employs 135 staff members, reflecting its commitment to sustainable growth and operational excellence.

Freshara Agro Exports Limited Financial Information

Freshara Agro Exports IPO Reservation

Freshara Agro Exports IPO Timeline

Freshara Agro Exports IPO opens on October 17, 2024, and closes on October 21, 2024.