Freshara Agro Exports Limited: IPO Details
Company Overview
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was founded in 2015. The company specializes in procuring, processing, and exporting preserved gherkins and other pickled vegetables from India to international markets. It operates under a contract farming model, sourcing raw produce from farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Key highlights of the business:
70% of the produce is sent to factories for processing, while 30% is supplied directly to food brokers and traders internationally.
The company offers a wide range of products, including gherkins, baby corn, jalapeños, and other pickled vegetables.
Product Packaging Categories Freshara Agro Exports caters to different market needs through three types of packaging:
Industrial Packaging: Food-grade drums and pails.
Food Packaging: Plastic buckets and tin cans.
Retail Packaging: Glass jars and tin cans.
Objects of the Issue
Capital Expenditure
Funding working capital
General corporate purposes
Freshara Agro Exports IPO Highlights
IPO Dates: 17th to 21st October 2024
Price Band: ₹110 to ₹116 per share
Lot Size: 1,200 shares
Issue Size: ₹75.39 Crores
Retail Quota: 31.68%
Listing Date: 24th October 2024
GMP: 65% (for informational purposes only)
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