Freshara Agro IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
Chanakyanipothi.com, a legacy of 31 Years.

India`s Oldest Investment & IPO website.
Most Trusted by Investors across India.

Table of Contents

What is the business of Freshara Agro?

Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, was founded in 2015 and specializes in procuring, processing, and exporting preserved gherkins and other pickled products from India to international markets.

Through a contract farming initiative, the company sources raw produce from local farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Approximately 70% of the produce is classified as “not ready-to-eat” and is sent directly to factories for further processing into finished goods. The remaining 30% is sold to food brokers and traders in the global market. The product range includes gherkins, baby corn, jalapeños, and a variety of other pickled vegetables.

As of March 31, 2024, Freshara Agro Exports offers its pickled products in three distinct packaging categories: 1) Industrial packaging using food-grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans.

The company holds certifications from several reputable organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food and Drug Administration (FDA), Star-K Kosher, the Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, and the Brand Reputation through Compliance Global Standard (BRCGS).

Get more information about the company @ https://fresharaagroexports.com/

Who are the Promoters of Freshara Agro?

Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed are the company’s promoters.

What are the Objects of Freshara Agro IPO?

The Offer comprises of fresh issue of shares

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 IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Freshara Agro IPO Review

Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, was founded in 2015 and specializes in procuring, processing, and exporting preserved gherkins and other pickled products from India to international markets.

Through a contract farming initiative, the company sources raw produce from

Size:  Net size of the IPO is Rs.68.21 crore, comprising of 58,80,000 shares. IPO size is some what large considering the recent trends. With 1715 applications, retail portion can get one time subscribed
Financial Snapshot: In the fiscal year 2023-24, just prior to the IPO, the company reported a net profit of Rs.21.82 crore on total income of Rs.198.02 crore. In contrast, during the fiscal year 2021-22, the company earned a net profit of Rs.99 lakhs on total income of Rs. 118.41 crore. This sharp increase in profits for 2023-24 raises questions and warrants closer examination.
+ from fundamental angle: Not so attractive
+ from grey market angle: ?

Quicklinks

• Staffavailable.com
• BigGaddi.com
• ChanakyaMFGuidance.com
• Magajmari.com
• AnalysisLibrary.com

Freshara Agro IPO GMP today allotment, review?

Freshara Agro IPO GMP grey market premium

Freshara Agro IPO FAQs

What is Freshara Agro IPO?

This is a SME IPO of 64,99,200 equity shares of the face value of Rs. 10 aggregating up to Rs.75.39 Crores. The issue is priced at Rs.110-116 per share. The minimum order quantity is 1200 Shares.

When will Freshara Agro IPO subscription open?

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

What is the lot size of Freshara Agro IPO?

Freshara Agro IPO lot size is 1200 Shares, and the minimum amount required is Rs.13200

How to apply for Freshara Agro IPO?

You can apply in Freshara Agro IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Freshara Agro IPO allotment?

The finalization of Basis of Allotment for Freshara Agro IPO will be done on October 22, 2024, and the allotted shares will be credited to your demat account by October 23, 2024.

When is Freshara Agro IPO listing date?

Freshara Agro IPO listing date is October 24, 2024.