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Freshara Agro Exports Ltd IPO

Our Company are engaged in the procurement, processing and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world. Our procurement process involves direct sourcing from accredited farms and farmers dedicated to sustainable agricultural methodologies. Our Company concludes buy-back agreements with the farmers and in turn supplies the farmers the necessary sowing material such as seeds to the identified small and marginal farmers.

Freshara Agro Exports Ltd IPO Details

Total Shares Offered

₹ 64,99,200

Offer to Public

TBA

Retail Max (Shares)

₹ 20,59,200

Pre Issue Promoters Holding

₹ 1,47,05,000

Exchange

NSE

Issue size

₹ 75.39 Cr

IPO Open Date

Oct 17, 2024

Close Date

Oct 21, 2024

Lot Size

1200

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Oct 24, 2024

Freshara Agro Exports Ltd IPO Dates

Oct 17, 2024

Opening date

Oct 21, 2024

Closing date

Oct 22, 2024

Basis of Allotment

Oct 23, 2024

Initiation of Refunds

Oct 23, 2024

Credit of Shares

Oct 24, 2024

Listing date

Details

Sector	Type
Sector	Food - Processing - Indian
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2937600
NII	0x	883200
Retail	0x	2059200
Employee	0x	0
Total	0x	6499200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2937600

883200

2059200

6499200

Freshara Agro Exports Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	39.93	13.04	TBA
EBITDA	41.46	13.29	TBA
PAT	28.79	9.97	TBA
Total Assets	197.16	137.43	TBA
Share Capital	23.50	17.00	TBA
Total Borrowings	111.77	105.11	TBA
Operating Activities (Net Cash)	30.32	10.22	TBA
Investing Activities (Net Cash)	0.66	-5.95	TBA
Financing Activities (Net Cash)	111.77	105.11	TBA
Net Cashflow	32.88	3.75	TBA

About Freshara Agro Exports Ltd

Our Company was originally formed as a Partnership Firm under the Partnership Act, 1932 having Firm Registration Number FR/Chennai Central/845/2015 in the name and style of Freshara Picklz Exports pursuant to Deed of Partnership dated June 23, 2015. Subsequently our firm was converted from Partnership firm into a public limited company as per the provision of Part I Chapter XXI of the Companies Act, 2013 with the name and style of FRESHARA AGRO EXPORTS LIMITED and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated November 22, 2023.

India is one of the largest agricultural product exporters in the world. In April-January 2024, the overall value of export of agricultural products stood at US$ 38.65 billion. In 2022-23, the agricultural exports from India stood at US$ 52.50 billion. During 2021-22, the country recorded US$ 50.2 billion in total agriculture exports with a 20% increase from US$ 41.3 billion in 2020-21. In 2022-23, rice exports from India were valued at US$ 11.14 billion, as against US$ 9.67 billion in 2021-22, registering a growth of 15.22%. Rice is the largest exported agricultural product from India and contributed to more than 20% of the total agriculture exports during the year 2022-23. India's agriculture sector primarily exports Agri & allied products, marine products, plantation, and textile & allied products. Agri & allied products exports were valued at US$ 37.3 billion, recording a growth of 17% over 2020-21.

Peer Comparison:

No Listed Industry Peers

Freshara Agro Exports Ltd Key Points

Strengths

Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

Support of efficient supply-chain enable us to have long-standing and deep customer relationships.

Quality assurance and quality control of our products and as a result we received various awards and accreditations.

Advanced in-house processing facilities with focus on cost competitiveness.

Comprehensive product portfolio enables us to serve our customers spread across the globe.

Risk

The company derives significant portion of its revenue from sell of Gherkins as accounted for 84.90%, 93.50%, and 90.90 of the company revenue from operations in Fiscal 2022, 2023 and 2024 respectively. An inability to anticipate and adapt to evolving consumer preferences and demand for particular products, or ensure product quality may adversely impact demand for its products and consequently the company's business, results of operations, financial condition and cash flows.

Improper storage, processing or handling of whole products of Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products may result in spoilage of, and damage to, such whole Gherkins, Baby Corns, Banderilla, Chilies, Bell Pepper and other products which may adversely affect its business prospects, results of operations and financial condition.

Real or perceived product contamination could result in reduced sales, product liability and damage to its reputation, and subject the company to regulatory action.

Strategy

Our industry-related skills and knowledge can be leveraged to diversify our customer-base and gain wallet share with existing customers by expanding our product portfolio.

Expand our product reach globally and increase our production capacity.

Adding more contract-farmers in different states to ensure the availability of raw material in every season.

Further reduce operating costs, improving operating efficiencies and deploy new technologies.

How To Apply for Freshara Agro Exports Ltd IPO Online?

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Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Freshara Agro Exports Ltd IPO?

Freshara Agro Exports Ltd's IPO offers shares for up to 75.39 It begins on Oct 17, 2024 and ends on Oct 21, 2024.

What is the price of the Freshara Agro Exports Ltd IPO?

The price of Freshara Agro Exports Ltd IPO ranges between ₹110 to ₹116 per share.

What are the open and close dates for the Freshara Agro Exports Ltd IPO?

The Freshara Agro Exports Ltd IPO opens on Oct 17, 2024 and closes on Oct 21, 2024.

When will the Freshara Agro Exports Ltd IPO be allotted?

The allotment for the Freshara Agro Exports Ltd IPO will be finalised on Oct 22, 2024. The shares will be listed on BSE and NSE on Oct 24, 2024.

What is the minimum lot size required for Freshara Agro Exports Ltd IPO?

The minimum lot size for Freshara Agro Exports Ltd IPO is 1200 shares, priced between ₹110 to ₹116 per share.

What is the GMP of Freshara Agro Exports Ltd IPO?

The GMP (Grey Market Premium) of Freshara Agro Exports Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Freshara Agro Exports Ltd IPO?

To check the allotment status of Freshara Agro Exports Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Freshara Agro Exports Ltd IPO getting listed?

The Freshara Agro Exports Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 17, 2024, and closes on Oct 21, 2024. The allotment is finalised on Oct 22, 2024.

How do you apply for the Freshara Agro Exports Ltd IPO?

To apply for the Freshara Agro Exports Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.