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Freshara Agro Exports IPO
Price Band
₹110.0–116.0
Issue Size
₹75.39 Cr
Lot Size
1,200 shares
Min Investment
₹139,200
GMP
+₹50.0 (43.1%)
Issue Price
₹116.0
Subject to Sauda
₹45600
Paid only if allotted
Freshara Agro Exports IPO AI Summary
- Freshara Agro Exports IPO is listed on NSE SME in the Other Food Products sector.
- Price band: ₹110.0–₹116.0 per share, lot size 1,200 shares (min. investment ₹139,200).
- Subscription window: 17 Oct–21 Oct 2024, listing on 24 Oct 2024.
- Current GMP is +₹50.0 (43.1%), an estimated listing price of ₹166 — unofficial and can change daily.
Freshara Agro Exports Limited is an SME focused on exporting pickled vegetables, with a strong emphasis on quality and compliance. The company has shown growth in its income and profit, supported by a solid operational framework and relationships with local farmers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Freshara Agro Exports IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Freshara Agro Exports IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+43.1%
Est. Listing
₹166.0
Updated: 25 Jul 2026 14:03
About the Company
Freshara Agro Exports Limited, formerly known as Freshara Picklz Exports, was established in 2015 and procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world. Under a contract farming program, the company exports raw produce from local farmers in Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. 70% of the produce is "not ready-to-eat" and is supplied directly to factories for further processing and conversion into finished products. The remaining 30% is supplied to food brokers and traders in the international market. The company's products include gherkins, baby corn, jalapenos, and other pickled vegetables. As of March 31, 2024, the company processes and exports pickled vegetables in 3 different packaging categories. The details of the 3 packaging categories: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans. The company is accredited by a number of leading organizations, including the Food Safety and Standards Authority of India (FSSAI), the United States Food & Drug Administration (FDA), Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, Brand Reputation through Compliance Global Standard (BRCGS). Competitive strengths: Good relationships with contract farmers and other suppliers ensure the availability of raw materials in the off-season Supporting an efficient supply chain enables the company to maintain long-term and intensive customer relationships Quality assurance and control of product quality, which has earned the company various awards and accreditations Advanced in-house processing facilities with a focus on cost competitiveness A comprehensive product portfolio that enables the company to serve its customers around the world Proven financial performance and a scalable business model Experienced promoter and management team As of September 30, 2024, the company had a total of 135 employees.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 166.00 | 166.58 | 84.91 | 58.88 |
| Total Income | 107.46 | 198.20 | 127.00 | 118.41 |
| Profit After Tax | 11.38 | 21.82 | 9.08 | 0.97 |
| NET Worth | 38.35 | 26.97 | 18.55 | 9.32 |
| Reserves and Surplus | 21.35 | 9.97 | ||
| Total Borrowing | 106.25 | 107.56 | 41.74 | 34.79 |
Key Ratios
EPS
₹12.84
NAV
₹22.56
ROCE
12.31%
RoNW
29.67%
P/B Value
7.31
P/E Ratio
9.04
Market Cap
₹272.59 Cr
PAT Margin
10.98%
Debt/Equity
2.77
Peer Comparison
| Company | NAV |
|---|---|
| Freshara Agro Exports Limited This IPO | 15.86 |
Promoters
Junaid Ahmed, Iqbalahmed Khudrathullah Mohammed and Asma Syed
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet out the Capital Expenditure 8.80 2 Funding the working capital requirements of the company; 56.00 3 To meet out the General Corporate Purposes; and 7.59
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹127.00 Cr in the year ending 31 Mar 2023, increasing to ₹198.20 Cr by 31 Mar 2024. However, the most recent figure of ₹107.46 Cr as of 30 Sep 2024 is a 9-month figure and not directly comparable to the full year.
Profit Trend
Profit after tax was ₹9.08 Cr for the year ending 31 Mar 2023, rising to ₹21.82 Cr by 31 Mar 2024. The latest figure of ₹11.38 Cr as of 30 Sep 2024 is also a 9-month figure, making direct comparison with the previous full year not applicable.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on current demand and supply dynamics. A positive GMP suggests that the stock may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed returns may want to avoid IPOs like this, as they can be unpredictable and subject to market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 17 October 2024 and closes on 21 October 2024. Allotment of shares is expected on 22 October 2024, with the listing on the stock exchange scheduled for 24 October 2024.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors, including market sentiment, demand for the stock, and overall market conditions. Investors should be aware that while listing gains can occur, they are not guaranteed and can vary significantly.
This evaluation is generated from Freshara Agro Exports's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Freshara Agro Exports IPO GMP today?
Freshara Agro Exports IPO GMP today is +₹50.0 (43.1%), indicating an estimated listing price of ₹166. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Freshara Agro Exports IPO?
The price band of Freshara Agro Exports IPO is ₹110.0–₹116.0 per share.
When does Freshara Agro Exports IPO open and close?
Freshara Agro Exports IPO opens on 17 October 2024 and closes on 21 October 2024.
When does Freshara Agro Exports IPO list on the stock exchange?
Freshara Agro Exports IPO listed on 24 October 2024 at ₹166.0.
What is the lot size for Freshara Agro Exports IPO?
The lot size for Freshara Agro Exports IPO is 1200 shares, requiring a minimum investment of ₹139,200.
What is the price band for the Freshara Agro Exports IPO?
The price band for the Freshara Agro Exports IPO is ₹110.0 to ₹116.0.
What is the minimum investment required?
The minimum investment required is ₹139,200.
What is the lot size for the IPO?
The lot size for the IPO is 1,200 shares.
When is the listing date for the IPO?
The listing date for the IPO is 24 October 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which a stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Oct 2024
Close
21 Oct 2024
Allotment
22 Oct 2024
Listing
24 Oct 2024
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