Freshara Agro Exports Listing Today: Freshara Agro Exports IPO got listed in the stock market today on Thursday. The company’s shares were listed on NSE. Shares of Freshra Agro Exports were listed on NSE today at Rs 135 with a premium of 17% against the IPO price band of Rs 116. However, after the listing, there were more sellers in it and the shares of the company fell by 5% to Rs 128.25. Let us tell you that SME IPO was open for investment from October 17 to October 21. This issue was subscribed approximately 236 times in three days.
what are the details
There is a book-building issue, it targets to raise ₹75.39 crore through IPO. The IPO consisted of a completely fresh issue of 64.99 lakh shares. The price band of Freshra Agro IPO was fixed at ₹110 to ₹116 per share. The minimum apply size for retail investors was one lot of 1,200 shares, amounting to ₹1,39,200. On the other hand, the minimum bid size for large investors (HNIs) was two lots or 2,400 shares, totaling ₹2,78,400.
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GYR Capital Advisors Pvt Ltd is the book-running lead manager for Freshra Agro Exports IPO, while Purva Shareregistry India Pvt Ltd is the registrar. Giriraj Stock Broking is the market maker for this IPO. The company’s promoters—Junaid Ahmed, Iqbal Ahmed Khudratullah Mohammed and Asma Syed—collectively held 86.50% stake in the company before the IPO. A decision on their shareholding after the issue is yet to be taken.
company business
Freshra Agro Exports Limited was established in 2015. The company is active in procurement, processing and export of reserve cucumber and other pickled vegetables. The company procures raw produce from farmers in Tamil Nadu, Karnataka and parts of Andhra Pradesh through contract farming. The company’s offerings include cucumbers, baby corn, jalapenos and other pickled vegetables.
