{"id":32604,"date":"2024-10-14T14:33:30","date_gmt":"2024-10-14T09:03:30","guid":{"rendered":"https:\/\/pinkcitynow.com\/index.php\/2024\/10\/14\/freshara-agro-exports-limited-ipo-opens-on-october-17-2024\/"},"modified":"2024-10-14T14:33:30","modified_gmt":"2024-10-14T09:03:30","slug":"freshara-agro-exports-limited-ipo-opens-on-october-17-2024","status":"publish","type":"post","link":"https:\/\/pinkcitynow.com\/index.php\/2024\/10\/14\/freshara-agro-exports-limited-ipo-opens-on-october-17-2024\/","title":{"rendered":"Freshara Agro Exports Limited IPO Opens on October 17, 2024"},"content":{"rendered":"
\n

Mumbai (Maharastra) [India],October 14: \u00a0<\/strong>Freshara Agro Exports Limited specializes in export of processed gherkins and pickled vegetables, proposes to open its Initial Public Offering on October 17, 2024, aiming to raise \u20b9 75.39 Crore, with shares to be listed on the NSE Emerge platform.<\/p>\n

The issue size is Up To 64,99,200 equity shares at a face value of \u20b9 10 each with a price band of \u20b9 110 \u2013 \u20b9 116 Per Share.<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

QIB Anchor Portion \u2013 Up To 17,61,600 Equity Shares
\nQualified Institutional Buyer \u2013 Up To 11,76,000 Equity Shares
\nNon-Institutional Investors \u2013 Not Less Than 8,83,200 Equity Shares
\nRetail Individual Investors \u2013 Not Less Than 20,59,200 Equity Shares
\nMarket Maker \u2013 Up To 6,19,200 Equity Shares
\nThe net proceeds from the IPO will be utilized for working capital requirements, capital expenditure, general corporate expenses and issue expenses. The anchor portion will open on October 16, 2024. The issue will open for public on October 17, 2024 and the issue will close on October 21, 2024.<\/p>\n

The Book Running Lead Manager to the Issue is GYR Capital Advisors Private Limited, The Registrar to the Issue is Purva Sharegistry (India) Private Limited.<\/p>\n

Mr. Junaid Ahmed, Chairman & Managing Director, of Freshara Agro Exports Limited said, \u201cIt is with great enthusiasm that we announce our upcoming IPO. This milestone underscores our commitment to providing premium preserved gherkins and pickled vegetables while promoting sustainable farming practices that benefit our customers, farmers, and the environment.<\/p>\n

The proceeds from this IPO will be instrumental in enhancing our working capital, allowing the company to optimize its procurement and processing capabilities. This strategic investment will support the expansion of our state-of-the-art facility, increasing production capacity and improving efficiency. Ultimately, this will enable us to broaden our operations and enhance our ability to serve our global customer base, which now spans over 40 countries.\u201d<\/p>\n

Mr. Mohit Baid, Director of GYR Capital Advisors Private Limited said, \u201cWe are pleased to be part of the upcoming IPO of Freshara Agro Exports Limited. This initiative not only showcases the company\u2019s remarkable growth potential but also demonstrates its commitment to sustainability and quality. With a strong presence in over 40 countries and a focus on supporting local farmers, Freshara has established itself as a key player in the agro-export sector.<\/p>\n

The proceeds from this IPO will provide the essential resources necessary to enhance service capabilities and drive future success. Given the robust growth of the agro-export industry, we are confident that this IPO will pave the way for significant expansion, enabling the company to strengthen its operational capabilities and broaden its\u00a0market\u00a0reach.\u201d<\/p>\n

Disclaimer:This article is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment\u00a0decisions.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharastra) [India],October 14: \u00a0Freshara Agro Exports Limited specializes in export of processed gherkins and pickled vegetables, proposes to open its Initial Public Offering on October 17, 2024, aiming to raise \u20b9 75.39 Crore, with shares to be listed on the NSE Emerge platform. The issue size is Up To 64,99,200 equity shares at a…<\/p>\n","protected":false},"author":1,"featured_media":32605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[636],"class_list":["post-32604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts\/32604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/comments?post=32604"}],"version-history":[{"count":0,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts\/32604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/media\/32605"}],"wp:attachment":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/media?parent=32604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/categories?post=32604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/tags?post=32604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}