Apex Frozen Foods Ltd IPO, Apex Frozen Foods IPO Details, Apex Frozen Foods IPO Allotment Status, Apex Frozen Foods IPO Listing, greyMarket Price, AFFL GMP, Review, Ratings, Prospectus, Subscription Info.
Apex Frozen Foods is coming with an IPO. The company had filed the draft red herring prospectus with SEBI on March 31 for the IPO. The company got approval from SEBI on May 17, 2017. The total size of the Apex Frozen IPO will be up to 87 lakh equity shares (8,700,000). The initial offer of the Apex Frozen Foods Ltd will comprise a fresh issue of 72.5 lakh shares (7,250,000) and on offer for sale (OFS) of up to 14.5 lakh (1,450,000) by the existing shareholders. The existing shareholders Karuturi Satyanarayana Murthy and Karuturi Padmavathi will sell 7.25 lakh equity shares (7,250,000) each. It is going to raise money to set up a new shrimp processing unit in Andhra Pradesh. The price band of the IPO is already decided by the company. Investors who are interested to apply for the Apex Frozen Foods IPO may check the given part of our website for more details such as company information, IPO dates, price, daily subscription details, prospectus, allotment status of Apex Frozen Foods IPO, Listing Dates etc. greymarket.co.in will try to feed you each and every detail about ApexFrozenFoods IPO.
- 1 Apex Frozen Foods IPO
- 2 Apex Frozen Foods IPO Details
- 2.1 Apex Frozen Foods IPO Price Band
- 2.2 Apex Frozen Foods IPO Date
- 2.3 Apex Frozen IPO Issue Subscription Detail / Current Bidding Status
- 2.4 Apex Frozen Foods Limited IPO Allotment Status Online
- 2.5 Apex Frozen Foods Listing Date
Apex Frozen Foods IPO
About the company: Apex Frozen Foods is based in Andhra Pradesh. Apex Foods was incorporated in 1995. The company is the producer and exporter of shelf stable quality aquaculture products. The company produces ready-to-cook products. It has diversified customer base in the USA, UK, and various European countries. It supplies ready-to-cook products to food companies, retail chains, restaurants, club stores. It has plenty of distributors all across US and European countries. It mainly focuses on the USA markets as the USA is the biggest importer of aquaculture products in the world.
It is the major exporter of various processed Vannamei shrimp (White shrimp) which are sold under the brands of its customers. The famous brands which Apex Frozen Foods sells are Bay fresh, Bay Harvest and BayPremium. Its processing facility is based at Kakinada, Andhra Pradesh.
Company Promotors: Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary are the promoters of the company.
Know more about the company at http://apexfrozenfoods.in.
Update: Anchor investors Share Sale
The company has raised Rs 43 crore from anchor investors ahead of its IPO. The company has allotted 24.90 lakh equity shares at Rs. 175 per share. The shares were allotted to Reliance Capital Trustee Company Ltd, HSBC Midcap Equity Fund, HSBC India Opportunities Fund and ITPL –Invesco India Contra Fund.
Apex Frozen Foods IPO Details
|Open Date||22 August 2017|
|Close Date||24 August 2017|
|Allotment Date||31 August 2017|
|Refund Date||31 August 2017|
|Listing Date||04 September 2017|
|Issue Price||Rs. 171 - Rs. 175 Per Equity Share|
|Lot Size||80 Shares|
|Minimum Order Quantity||80 Shares|
|Isuue Type||Book Built Issue IPO|
|Issue Size||8,700,000 Equity Shares of Rs 10 aggregating up to Rs 152.25 Crore|
|Lead Manager||Karvy Investor Services Limited|
|Registrar||Bigshare Services Private Limited|
|Registrar Email||[email protected]|
|Registrar Phone||+91 22- 6263 8200|
|Listing at||NSE / BSE|
Apex Frozen Foods IPO Poll
At what price Apex Frozen Foods IPO will be listed?
- Rs. 220 (60%, 220 Votes)
- Rs. 200 (32%, 118 Votes)
- Rs. 175 (5%, 19 Votes)
- Rs. 160 (3%, 11 Votes)
Total Voters: 368
Would you apply to Apex Frozen Foods IPO?
- Yes (90%, 79 Votes)
- No (10%, 9 Votes)
Total Voters: 88
Apex Frozen Foods IPO Price Band
The IPO price band of Apex Frozen Foods is fixed at Rs 171 to Rs 175 per share. The net 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 of the company.
Apex Frozen Foods IPO Date
The IPO of Apex Frozen Foods will open on August 22, 2017. The subscription process will be done on BSE and NSE and it will end on August 24, 2017. The whole application process will be done in three days. This IPO will be open from Tuesday to Thursday.
Objects of the Issue
- Setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh (“Project”);
- General Corporate purposes.
|Date||Total Assets||Total Revenue||Profit After Tax|
|31 March 2017||Rs. 257.44||Rs. 709.68||Rs. 24.93|
|31 March 2016||Rs. 178.79||Rs. 608.27||Rs. 19.70|
|31 March 2015||Rs. 165.14||Rs. 604.37||Rs. 18.57|
|31 March 2014||Rs. 140.46||Rs. 514.57||Rs. 13.42|
|31 March 2013||Rs. 94.35||Rs. 255.48||Rs. 9.42|
Karvy Investor Services is the Book Running Lead Manager to the issue. Karvy Investor Services has appointed P. Balraj / Krishna Teja for the investor’s related queries. Investors can contact Karvy on +91 40 23428774 by telephone. The fax number is +91 40 23374714 and the official email id will be [email protected]
Bigshare Services Private Limited is the registrar to the Apex Frozen Foods initial public offer. To answer investors queries, Bigshare has posted Mr. Babu Raphael for this IPO. Investors may contact Bigshare on +91 22- 6263 8200 via telephone. Send fax to +91 22 – 6263 8299. The official email ID for the Apex Frozen IPO at Bigshare Services is [email protected]
Apex Frozen IPO Issue Subscription Detail / Current Bidding Status
|Date||Shares Offered||22 August 2017||23 August 2017||24 August 2017|
Apex Frozen Foods Limited IPO Allotment Status Online
The IPO Allotment Status of Apex Frozen Foods will be published on 29 August 2017 (expected) at the registrar’s website. The application cum subscription process will end on 24 August 2017. Investors can check greymarket.co.in for the Apex Frozen Foods Allotment. We will put the direct link of the allotment on our website. The page will be updated soon after the subscription ends.
Apex Frozen Foods Listing Date
Listing Date Update: The shares of Apex Frozen Foods Ltd will be listed on the stock market on 04 September 2017.
The expected listing date of Apex Frozen Foods Ltd IPO will be 04 September 2017 2017. It is the expected date. It is yet not confirmed from the company or the registrar. The Listing date will soon be updated.
Apex Frozen Foods Listing Day Figures
|NSE (APEX)||BSE (540692)|
|Open||Rs. 202||Rs. 199|
|High||Rs. 212.10||Rs. 209.85|
|Low||Rs. 202||Rs. 195|
|Close||Rs. 212.10||Rs. 209.85|
Apex Frozen Foods Ltd Address
Registered Office and Corporate Office: 3-160, Panasapadu,
Kakinada, East Godavari-533 005,
Andhra Pradesh, India
Telephone: +91 884 2383 902/03/04;
Fax: +91 884 2383 905/906
E-mail: [email protected]