IPO

IPO Synopsis

Freshara Agro Exports Ltd
Initial public offer of upto 64,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Freshara Agro Exports Limited (the "Company" or "Freshara Agro Export" or "FAEL" or "Issuer") at an issue price of Rs. 116 per equity share (including a share premium of Rs. 106 per equity share) for cash, aggregating up to Rs. 75.39 crores ("Public Issue") out of which 6,19,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 116 per equity share for cash, aggregating Rs. 7.18 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 58,80,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 116 per equity share for cash, aggregating up to Rs. 68.21 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.66 % and 25.02 % respectively of the post-issue paid-up equity share capital of the company. The issue price is 11.6 times of the face value of the equity shares.
Issue
Opens On Closes On
17-Oct-24 21-Oct-24
Money Payable On
Application Allotment
116.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 72.39 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 75.39  
Post Issue Equity Share Capital (.Cr) 23.50
Issue Price () 116.00
Projects
Capital Expedniture
Working Capital
General Corporate Purposes
Promoted By
Junaid Ahmed
Iqbalahmed Khudrathullah Moham
Asma Syed
Listing At
NSE - SME
Registrar to the Issue
Purva Sharegistry (I) Pvt Ltd