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Apex Frozen Foods Ltd

Apex Frozen Foods Ltd

    Registered Office : 3-160 Panasapadu,Kakinada,East Godavari Andhra Pradesh 533005 Phone : 91-884-2383902/03/04
    Fax : 91-884-2383905/906

    Email : cs@apexfrozenfoods.com

    Website : www.apexfrozenfoods.in

Public issue of up to 8,700,000 equity shares of face value alue of Rs. 10 each (the "equity shares") of Apex Frozen Foods limited (the "company" or "issuer") for cash at a price of Rs. 175 per equity share (including a share premium of Rs. 165 per equity share) aggregating up to Rs. 152.25 Crores (the "issue") comprising of a fresh issue of 7,250,000 equity shares by the company aggregating to Rs. 126.88 crores (the "fresh issue") and an offer for sale of 725,000 equity shares by karuturi satyanarayana murthy referredto as the promoter selling shareholder") and 725,000 equity shares by karuturi padmavathi (referred to as ("the promoter group selling shareholder") (together referred to as the selling shareholders") aggregating to Rs. 2.54 crores ("offer for sale"). The issue includes a reservation of 400,000 equity shares, aggregating to Rs. 7 crores, for subscriptionby eligible employees (as defined herein) not exceeding 5% of the post-issue paid up equity share capital (the "employee Reservation portion"). The issue less the employee reservation is hereinafter referred to as the "net issue". The issue would constitute 27.84 %, of the post-issue paid-up equity share capital and the net issue to the public would constitute 26.56% of the post-issue paid-up share capital. The issue price: Rs. 175 per equity share of face value of Rs.10 each. The issue price is 17.5 times of the face value.

Issue

Opens On

Closes On

22-Aug-2017

24-Aug-2017

Money Payable On

Application

Allotment

175.00

0.00

Minimum Application for shares in Nos : 80.0 Further Multiples of : 80.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

152.25

31.25

175.00

Karvy Investor Services Ltd

Projects
  • Setting up a new Shrimp Processing unit with a proposed capacity of 20,000 MTPA
  • General corporate purposes
Promoted By
  • Karuturi Satyanaraya Murthy
  • Karuturi Subrahmanya Chowdary
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • Bigshare Services Pvt Ltd