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Freshara Agro Exports Limited IPO

Freshara Agro Exports Limited IPO

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Allotment Date :
Listing Date :
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Listed Price: ₹ 135.00 (+16.38%)

Freshara Agro Exports Limited's has transitioned to a publicly listed entity following its IPO debut on 24-10-2024 at the NSE exchange. The public offering successfully raised 64,99,200 Shares, consisting of 64,99,200 Sharesin new capital.

The IPO featured a competitive price range of ₹110 to ₹116 and minimum application size of 1200 shares. Market reception was evidenced through subscription activity between 17-10-2024 and 21-10-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 22-10-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Freshara Agro IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Freshara Agro IPO Key Performance Indicator
Company Financials ( In Lakhs )

Freshara Agro IPO About Company

Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and focuses on sourcing, processing, and exporting preserved gherkins and other pickled vegetables from India to international markets. The company follows a contract farming model by partnering with farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Around 70% of its produce is sent to factories for further processing, while 30% is exported directly to food brokers and traders. Freshara offers products like gherkins, baby corn, and jalapenos in industrial, food service, and retail packaging. The company maintains strict quality and food safety standards with certifications from FSSAI, US FDA, Star-K Kosher, APEDA, IFS, and BRCGS. As of September 30, 2024, it employs 135 people.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Freshara Agro IPO Strength Factors

  1. Reliable Raw Material Supply: Strong relationships with farmers and suppliers ensure consistent availability year-round.
  2. Efficient Supply Chain: Well-managed logistics help maintain long-term customer relationships and support growth.
  3. Recognized Quality: High product standards backed by awards and accreditations enhance global credibility.

Freshara Agro IPO Risk Factors

  1. Spoilage Risk: Improper handling or storage may lead to product losses.
  2. Contamination Risk: Quality issues could hurt sales, reputation, and trigger regulatory action.
  3. Geopolitical Risk: Heavy reliance on overseas markets, like Russia, exposes the business to international conflicts and disruptions.

Freshara Agro IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

Freshara Agro IPO Promoter(s)

  1. Mr. Junaid Ahmed
  2. Mr. Iqbalahmed Khudrathullah Mohammed
  3. Mrs. Asma Syed

Freshara Agro IPO Company Details

Freshara Agro Exports Limited
Phone:
address:

Freshara Agro IPO Registrar

Purva Sharegistry India Private Limited
Name:
Phone:

Freshara Agro IPO FAQs