The Freshara Agro Exports IPO subscription opened on Thursday, October 17, 2024, and will close on October 21, 2024. The IPO aims to raise approximately ₹75.39 crores. The allocation includes 35% for retail investors, 50% for QIB, and 15% for NII, with a price band set between ₹110 and ₹116 per equity share.
The IPO consists of a minimum market lot of 1600 Shares requiring an application amount of ₹123,200. Freshara Agro Exports is an SME IPO that will be listed on the NSE.
Also read: Freshara Agro Exports IPO: Dates, Pricing and Allotment 2024
Table of Contents
About Company
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and has since focused on procuring, processing, and exporting preserved gherkins and other pickled goods from India to various countries around the world.
Through its well-structured contract farming program, the company sources raw produce from local farmers across Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Notably, 70% of this produce is “not ready to eat” and is sent directly to factories for further processing into finished products. Meanwhile, the remaining 30% is supplied to international food brokers and traders, broadening its global reach. Freshara Agro Exports’ product portfolio includes gherkins, baby corn, jalapenos, and various other pickled vegetables.
As of March 31, 2024, the company processes and exports pickled vegetables in three distinct packaging categories. First, industrial packaging is offered in food-grade drums and pails. Second, food packaging is available in plastic buckets and tin cans. Finally, retail packaging comes in glass jars and tin cans, catering to different market segments.
Additionally, the company holds numerous accreditations from leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the U.S. Food & 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). These certifications further reinforce its commitment to quality and safety.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Freshara Agro Exports IPO Subscription Status
Category | Day 1 | Day 2 | Day 3 |
---|---|---|---|
QIB | 3.51 | 0.00 | 0.00 |
NII | 5.35 | 0.00 | 0.00 |
RII | 10.89 | 0.00 | 0.00 |
Total | 7.59 | 0.00 | 0.00 |
Freshara Agro Exports IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Freshara Agro Exports IPO Subscription
- May Apply
Freshara Agro Exports IPO Form
To apply for the Freshara Agro Exports IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
When does the Freshara Agro Exports IPO subscription start?
The IPO subscription begins on October 17, 2024, for QIB, NII, and retail investors.
How can I subscribe to the Freshara Agro Exports IPO?
You can subscribe using either the ASBA or Non-ASBA method. Apply online via ASBA through your bank account, or download the form, fill it out, and submit it to your broker or bank.
How do I check live Freshara Agro Exports IPO subscription numbers?
Visit our portal for hourly updates on live IPO subscription numbers from official sources. You can also check the live subscription status on the official IPO page.
How do I apply for the Freshara Agro Exports IPO through Zerodha?
Log in to the Zerodha Console via the website or app. Go to the Portfolio section, select IPO, and find “Freshara Agro Exports.” Click the Bid button, enter your UPI ID, quantity, and price, then submit the form. Approve the mandate via your UPI app or net banking. You can open a Demat account with Zerodha if required.
How do I apply for the Freshara Agro Exports IPO through Upstox?
Log in to the Upstox app with your credentials. Go to the IPO section and select “Freshara Agro Exports.” Click the Bid button to confirm your application, then approve the mandate using your UPI app or net banking. If needed, you can open a Demat account with Upstox.
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.