Shares of Freshara Agro Exports made a notable debut in the share market on Thursday, October 24, 2024, as they listed at ₹135 on the NSE SME platform, reflecting a 16.3% premium over the issue price of ₹116. This listing has sparked interest among investors in the context of share market investment, as it highlights the strength of the SME IPO segment.
The Freshara Agro Exports IPO was priced between ₹110-116 per share and witnessed significant demand during its subscription period from October 17 to October 21. For those looking to diversify their portfolio in share market investment, this IPO listing adds another opportunity to consider.
Freshara Agro Exports IPO garners massive interest
Freshara Agro Exports IPO closed with overwhelming demand after three days of bidding, garnering 236.80 times bids. Investors involved in share market investment may find the subscription details compelling. The IPO received bids for a massive 97.52 crore shares against the 41.18 lakh shares on offer.
For individuals considering share market investment, these numbers underline the robust interest in this SME IPO, making it a topic of discussion in investment circles.
Issue size and pricing of Freshara Agro Exports IPO
Freshara Agro Exports IPO was entirely a fresh issue of 64.99 lakh shares without an offer-for-sale component. The public offer, which aimed to raise ₹75.39 crore, was priced in the range of ₹110-116 per share.
The minimum investment required for retail investors was ₹1.39 lakh, with a lot size of 1,200 shares. This makes it essential for those looking at share market investment in SME IPOs to evaluate the capital requirements carefully. For investors who successfully secured allotment, the stock's 16% premium listing could be seen as a positive outcome, especially for those focused on maximising returns in share market investment.
Use of IPO proceeds
Freshara Agro Exports intends to utilise the funds raised from the IPO for several purposes. Investors considering share market investment in this company should be aware that the funds will be used for the following:
By focusing on these areas, the company aims to strengthen its operations and financial stability. For share market investment strategies, understanding how a company plans to use its capital is critical in assessing future growth potential.
Lead managers and stakeholders in Freshara Agro Exports IPO
GYR Capital Advisors Private Limited acted as the book-running lead manager for the Freshara Agro Exports IPO. At the same time, Purva Sharegistry India Pvt Ltd served as the registrar for the issue. Giriraj Stock Broking was the market maker.
Investors focusing on share market investment should consider the reputation of the entities involved in an IPO. In this case, GYR Capital Advisors and Giriraj Stock Broking have played key roles in managing the listing process for Freshara Agro Exports.
About Freshara Agro Exports
Freshara Agro Exports Limited, originally founded as Freshara Picklz Exports in 2015, specialises in the procurement, processing, and export of preserved gherkins and pickled goods. Through its contract farming program, Freshara Agro Exports sources raw produce from farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh.
The company's operations align with global food trade standards, with 70% of its produce being processed into finished products for export. In comparison, the remaining 30% is directly sold to international food brokers and traders. Its product range includes gherkins, baby corn, jalapeños, and other pickled vegetables.
For those interested in share market investment, this background provides valuable insight into the company's core business activities and its potential for future growth in global markets.
The future outlook for Freshara Agro Exports
The listing of Freshara Agro Exports on the NSE SME platform with a 16% premium reflects the positive market sentiment surrounding the company. For investors engaged in share market investment, the SME sector offers numerous opportunities, and Freshara Agro Exports' successful IPO debut is a key example.
As the company continues to grow and expand its presence in international markets, share market investment in Freshara Agro Exports may become more appealing to investors looking for diversification opportunities in the agricultural and food processing industries.
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