Apex Frozen Foods Ltd IPO

Add to Calendar 2017-08-22 12:00 AM 2017-08-24 12:00 AM Asia/Kolkata Apex Frozen Foods Ltd IPO Apex Frozen Foods Ltd India

Introduction: Apex Frozen Foods Ltd  is involved in the manufacturing and export of aquaculture products. Apex frozen caters the need to of european and the american markets through its export partners.

Date of Establishment: Company was incorporated in the year 1995. 

Product & Service Offering: Company's output majorly comprises of variants of processed Vannamei shrimp (White shrimp). The products are sold under the brand names like Bay fresh, Bay Harvest and BayPremium.

 

Customer Segment: The company serves food companies, retail chains, restaurants, club stores and distributors.

Promoters of Apex Frozen Foods Ltd Lombard: The Promoter of the Company are

1. Karuturi Satyanarayana Murthy

2. Karuturi Subrahmanya Chowdary

Objects of the Fresh Issue:The object of the issue is to

  1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MT PA at East Godavari District

  2. General corporate purposes

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Crore)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 257.44 178.79 165.14 140.46 94.35
Total Revenue 709.68 608.27 604.37 514.57 255.48
Profit After Tax 24.93 19.70 18.57 13.42 9.42

Issue Detail

  • Issue Open: Aug 22, 2017
  • Issue Close: Aug 24, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 171 - Rs 175 Per Equity Share
  • Bid Lot:80 Shares
  • Minimum Order Quantity:80 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 152.25 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,660,000 1,245,000 2,905,000 400,000 - 6,210,000
Day 1 - Aug 22, 2017IST 0.0000 0.1800 0.7900 0.0000 - 0.4000
Day 2 - Aug 23, 2017IST 0.0000 0.4500 2.9000 0.2000 - 1.4600
Day 3 - Aug 24, 2017IST 1.9100 7.8200 8.5300 1.1000 - 6.1400

Listing Day Trading Information

- BSE NSE
Issue Price Rs 175.00 Rs 175.00
Open Rs 199.90 Rs 202.00
Low Rs 195.00 Rs 202.00
High Rs 209.85 Rs 212.10
Last Trade Rs 209.85 Rs 212.10
Volume 243,572 1,467,590

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