Freshara Agro Exports Ltd

Freshara Agro Exports Ltd IPO

IPO Price Range: ₹110 - 116

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.

Min Investment

₹1,39,200

IPO Size

₹75 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Freshara Agro Exports Ltd

Open Date17 Oct 2024
Close Date21 Oct 2024
Allotment Date22 Oct 2024
Listing Date24 Oct 2024

Key Statistics

Bid Opening DateBid Opening Date17 Oct 2024
Bid Closing DateBid Closing Date21 Oct 2024
Allotment DateAllotment Date22 Oct 2024
Issue SizeIssue Size₹75.39Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • 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.

  • Demonstrated history of financial performance and a scalable business model.

  • Experienced promoter and management team.


Risk

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 companys 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.

  • The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

  • The company derives a significant portion of its revenue from customers located overseas, including in Russia, which is currently involved in a war with Ukraine.

  • The company completed its conversion from a Partnership firm to a public limited company on November 22, 2023. However, the accounts of the partnership firm were subsequently closed on January 23, 2024.

  • The company faces foreign exchange risks that could adversely affect its results of operations and cash flows.

  • Its top ten customers contribute majority of the companys revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • The discontinuation of, the loss of business with respect to, or a lack of commercial success of, a particular product for which the company is a significant supplier could affect its business and results of operations.

  • The requirement of funds in relation to the objects of the Issue has not been appraised.

Promoters Holding

Investors Holdings %
Junaid Ahmed47.5%
Iqbalahmed Khudrathullah Moham34%
Asma Syed1%
Nimra Fathima1%
Syed Riyaz1%

About Freshara Agro Exports Ltd

OrganisationFreshara Agro Exports Ltd
HeadquartersChennai
IndustryFMCG

Frequently Asked Questions

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

    The size of the Freshara Agro Exports Ltd IPO is ₹75.39Cr .

  • What is 'pre-apply' for Freshara Agro Exports Ltd IPO?

    'Pre-apply' for Freshara Agro Exports Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Freshara Agro Exports Ltd IPO order be placed?

    Your Freshara Agro Exports Ltd IPO order will be placed on 17 Oct 2024.

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

    The open and close dates of the Freshara Agro Exports Ltd IPO are 17 Oct 2024 to 21 Oct 2024.

  • What is the lot size and minimum order quantity of the Freshara Agro Exports Ltd IPO?

    The lot size and minimum order quantity of the Freshara Agro Exports Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Freshara Agro Exports Ltd IPO?

    The potential listing gains on the Freshara Agro Exports Ltd IPO will depend on various market factors and cannot be predicted with certainty.