Freshara Agro Exports Limited
ListedSMEAgriculture & Food Processing · NSE
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and focuses on sourcing, processing, and exporting preserved gherkins and other pickled vegetables from India to international markets. The company follows a contract farming model by partnering with farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Around 70% of its produce is sent to factories for further processing, while 30% is exported directly to food brokers and traders. Freshara offers products like gherkins, baby corn, and jalapenos in industrial, food service, and retail packaging. The company maintains strict quality and food safety standards with certifications from FSSAI, US FDA, Star-K Kosher, APEDA, IFS, and BRCGS. As of September 30, 2024, it employs 135 people.
Price Band
₹110 – ₹116
Issue Size
₹75.39 Cr
Lot Size
1200 shares
GMP
₹50
+43.1%
Est. Listing
₹166
at current GMP
Subscribed
236.95x
overall
Open
17 Oct 2024
Close
21 Oct 2024
Allotment
22 Oct 2024
Refund
23 Oct 2024
Demat Credit
24 Oct 2024
Listing
24 Oct 2024
Last updated 12 days ago
Overall Subscription
236.95x
Total Demand
QIB Multiplier
129.22x
Institutions & Funds
NII / HNI
511.31x
High Net-Worth
Retail (RII)
180.80x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,176,000 | 151,964,400 | 129.22x |
| NIB | 883,200 | 451,588,800 | 511.31x |
| RETAIL | 2,059,200 | 372,310,800 | 180.80x |
| Total | 4,118,400 | 975,864,000 | 236.95x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 86 | 0.00x |
| NIB | — | 26,291 | 0.00x |
| RETAIL | — | 310,259 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Freshara Agro Exports Limited Public Issue & Market Profile
Freshara Agro Exports Limited is bringing an initial public offering (IPO) in the Agriculture & Food Processing sector with an aggregate issue size of ₹75.39 Crores. The shares are offered at a price band of ₹110 to ₹116 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,39,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-24, while un-allotted funds or UPI block mandates will be released on 2024-10-23.
Frequently Asked Questions
What is Freshara Agro Exports Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Freshara Agro Exports Limited IPO is ₹50 per equity share. Based on the upper price band of ₹110 to ₹116 per equity share, the estimated listing price is ₹166 (+43.1% expected listing gain).
What is the expected profit per lot for Freshara Agro Exports Limited IPO?
With a lot size of 1200 shares and current GMP of ₹50, the expected profit per application lot is approx ₹60,000 (+43.1% gain). Minimum application cost is approx ₹1,39,200.
What is the issue size and price band for Freshara Agro Exports Limited IPO?
The Freshara Agro Exports Limited IPO aggregate issue size is ₹75.39 Crores with an equity price band set at ₹110 to ₹116 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,39,200.
How can I check Freshara Agro Exports Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 236.95x (Retail: 180.80x, QIB: 129.22x, NII: 511.31x). You can track live multiples directly on our dedicated subscription page.
Where and when will Freshara Agro Exports Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2024-10-22. Investors can verify status using PAN card or application number.
When is the listing date for Freshara Agro Exports Limited IPO?
Freshara Agro Exports Limited shares are scheduled to list on NSE on 2024-10-24.