Freshara Agro Exports Limited IPO (Freshara Agro Exports IPO)Detail, IPO Date, Price, GMP & Allotment 2024

Freshara Agro Exports IPO Overview

Freshara Agro Exports IPO Important dates

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

IPO Open Date	Thursday, October 17, 2024
IPO Close Date	Monday, October 21, 2024
Basis of Allotment	Tuesday, October 22, 2024
Initiation of Refunds	Wednesday, October 23, 2024
Credit of Shares to Demat	Wednesday, October 23, 2024
Listing Date	Thursday, October 24, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 21, 2024

Freshara Agro Exports Limited Financial Performance

Freshara Agro Exports Limited’s revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹165.99 crore	₹288.53 crore	₹84.91 crore	₹58.88 crore
Revenue	₹107.46 crore	₹198.02 crore	₹127.00 crore	₹118.41 crore
Profit After Tax	₹11.38 crore	₹21.82 crore	₹9.08 crore	₹0.97 crore
Net Worth	₹38.35 crore	₹59.58 crore	₹18.55 crore	₹9.32 crore
Reserves and Surplus	₹21.35 crore	₹9.97 crore
Total Borrowing	₹106.25 crore	₹176.18 crore	₹41.74 crore	₹34.79 crore

Freshara Agro Exports IPO Key Performance Indicator

The market capitalization of Freshara Agro Exports IPO is Rs 272.59 Cr. KPI as of September 30, 2024.

Freshara Agro Exports IPO Objectives

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.

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.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹139,200
Retail (Max)	1	1200	₹139,200
HNI (Min)	2	2,400	₹278,400

Freshara Agro Exports IPO Details

IPO Date	October 17, 2024 to October 21, 2024
Listing Date	[October 24, 2024]
Face Value	₹10 per share
Price Band	₹110 to ₹116 per share
Lot Size	1200 Shares
Total Issue Size	6,499,200 shares (aggregating up to ₹75.39 Cr)
Fresh Issue	6,499,200 shares (aggregating up to ₹75.39 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	17,000,000
Share holding post issue	23,499,200
Market Maker portion	619,200 shares

Freshara Agro Exports Limited Company Overview and Services

Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was founded in 2015. The company specializes in procuring, processing, and exporting preserved Gherkins and other pickled products from India to global markets. Through its contract farming program, Freshara Agro sources raw produce from local farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh.

Approximately 70% of the company’s produce is “not ready-to-eat” and is sent to factories for further processing, while the remaining 30% is sold to international food brokers and traders. The company offers a diverse range of pickled products, including gherkins, baby corn, jalapenos, and other vegetables.

Product Packaging and Accreditations

As of March 31, 2024, Freshara Agro Exports Limited processes and exports pickled vegetables in three packaging categories:

1. Industrial Packaging: Food-grade drums and pails
2. Food Packaging: Plastic buckets and tin cans
3. Retail Packaging: Glass jars and tin cans

The company holds several important accreditations from renowned organizations such as FSSAI, US FDA, Star-K Kosher, APEDA, BRCGS, and International Featured Standards, ensuring high-quality and compliant products.

Competitive Strengths of Freshara Agro Exports Limited

• Strong relationships with contract farmers and suppliers, securing raw material availability during the off-season.
• An efficient supply chain, fostering long-term customer relationships.
• High-quality assurance backed by multiple industry awards and certifications.
• Advanced in-house processing facilities, focused on cost efficiency.
• A comprehensive product portfolio catering to international markets.
• Proven financial performance with a scalable business model.
• An experienced promoter and management team.

As of September 30, 2024, the company employed 135 personnel.

Freshara Agro Exports IPO SWOT Analysis

Strengths:

• Strong Supplier Relationships: The company has established robust ties with contract farmers and suppliers, ensuring consistent raw material availability, even during the off-season.
• Diverse Product Portfolio: Freshara Agro offers a wide range of pickled products, including gherkins, baby corn, and jalapenos, allowing it to cater to diverse global markets.
• Accreditations and Certifications: The company holds numerous certifications, including FSSAI, FDA, and BRCGS, demonstrating its commitment to quality and compliance with international food safety standards.
• Advanced Processing Facilities: In-house processing units focus on cost competitiveness and operational efficiency, enhancing profitability.
• Global Market Reach: With a scalable business model and an international client base, Freshara Agro is well-positioned to tap into growing demand for preserved and pickled foods globally.

Weaknesses:

• Dependence on Raw Material Supply: The company heavily relies on contract farming for raw materials, which can be affected by external factors like weather or crop yield.
• Concentration of Operations: Sourcing raw materials primarily from Tamil Nadu, Karnataka, and Andhra Pradesh limits geographic diversification in the supply chain.

Opportunities:

• Growing Global Demand for Pickled Foods: Increasing demand for healthy, preserved foods offers Freshara Agro a chance to expand its product lines and international presence.
• Expansion into New Markets: There is significant potential for the company to explore new markets across Asia, Europe, and North America, leveraging its existing certifications and quality standards.
• Rising Health Awareness: Consumers are increasingly opting for preservative-free, pickled products, aligning with the company’s focus on natural and high-quality offerings.

Threats:

• Fluctuating Raw Material Prices: Changes in the price of agricultural products can impact margins, especially with a high dependency on local farmers.
• Regulatory Risks: Compliance with global food safety standards and changing international trade regulations can pose challenges in maintaining export approvals.
• Competition: The company faces intense competition from both domestic and international players in the pickled goods industry, which could affect its market share.

Freshara Agro Exports IPO GMP Details

Freshara Agro Exports SME IPO last GMP is ₹40, last updated Oct 14th 2024. With the price band of 116.00, Freshara Agro Exports SME IPO’s estimated listing price is ₹156 (cap price + today’s GMP).The expected percentage gain/loss per share is 34.48%.

stay tuned with the latest GMP and more details. Stay tuned to learn more about Freshara Agro Exports SME IPO daily GMP performance and expected expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
14-10-2024	116.00	₹40	36500	₹156 (34.48%)	14-Oct-2024

Freshara Agro Exports IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Freshara Agro Exports IPO Allotment status 

The allotment status of Freshara Agro Exports IPO is expected to be available on October 22, 2024.

Freshara Agro Exports IPO allotment status is not available at this time. Freshara Agro Exports IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Freshara Agro Exports Limited IPO allotment status.

To check Freshara Agro Exports IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Purva Sharegistry India Pvt Ltd either by phone or email. Investors can call on +91-022-23018261/ 23016761 or send an email with all relevant details to newissue@purvashare.com.

Freshara Agro Exports Limited Contact Details

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.