The initial public offering of Apex Frozen Foods Limited is expected to be get listed on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. As interested investors can retrieve relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for August 22, 2017 with a price band of Rs. 171- Rs. 175. The lot size of applying the IPO is for 80 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 Lacs.

Public issue of the firm stood at 8,700,000 Equity shares by the bank aggregating. The company plans to raise Rs.152.25 Crore through its IPO.

Company Profile:- The company offers shelf stable quality aquaculture products. The company itself produces and exports its ready products. Food companies, retail chains, restaurants, club stores and distributors are the customer base of the firm. It delivers its ready to cook products in USA, UK and various European countries. The company produces variants of processed Vannamei shrimp (White shrimp) which is sold under the brands owned by its customers and also through its brands namely Bay fresh, Bay Harvest and Bay Premium. Hatchery, farming, pre-processing, processing and exporting of aquaculture products are the major functions of the firm. The operating system of the firm is located in Andhra Pradesh, India where 1032 acres of land is occupied for hatchery and farming.

Positive outlook of the Firm:

  1. Economies of scale on account of integrated operations;
  2. Strategically located processing plant;
  3. Stable and strong customer relationships;
  4. Focus on quality control measures and research & development initiatives;
  5. Highly qualified and experienced management team;
  6. Procurement of raw materials from its own farms;
  7. Competitive Financial Performance.

 

Objects of the Issue:-

  1. To set up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh (“Project”);
  2. For general corporate purpose;

 

Summary of Issue:

Issue Open:- August 22,2017 – August 24,2017
Issue Size (Shares) Up to 87,00,000 Equity Shares
Issue Size in (Value) Rs. 152.25Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [171- 175] Per Equity Share
Market lots 80 Shares
Minimum Order Quantity 80 Shares
Listing At BSE, NSE

 

Particular Number Of Equity Shares
Fresh Issue Up to 72,50,000 Equity Shares
Offer For sale Up to 14,50,000 Equity Shares

 

Important dates for Apex Frozen Foods Limited IPO Allotment Status

  • The Allotment date for Apex Frozen Foods limited IPO issue is expected to be August 30, 2017
  • Refunds initiation is expected on or about September 01, 2017
  • The Shares are expected to credited in DP accounts on September 01, 2017
  • The Shares of Apex frozen Foods likely to be listed on September 04, 2017 on both BSE and NSE. 

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Apex Frozen Foods limitedIPO
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Promoters of the Company:-

1) Karuturi Satyanarayana Murthy

2) Karuturi Subrahmanya Chowdary

 

Financials:-

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Equity & Liabilities 1787.88 1651.39 1404.63 943.53
Total Assets 1787.88 1651.39 1404.63 943.53
Total Revenue 6082.66 6043.69 5145.70 2554.83
Total Expenses 5780.72 5762.07 4941.79 2412.04
Profit After Tax (PAT) 196.98 185.67 134.24 94.15


Lead Manager Details:-

Karvy Investor Services Limited Karvy House,

46, Avenue 4, Street No. 1, Banjara Hills,

Hyderabad – 500 034, Telangana

Tel: +91 40 23428774

Fax: +91 40 23374714

Email: cmg@karvy.com

Investor Grievance Email: igmbd@karvy.com

Website: www.karvyinvestmentbanking.com

Contact Person: P. Balraj / Krishna Teja

SEBI Registration No:MB/INM000008365

 

Registrar to the Issue:-

Bigshare Services Private Limited E-2/3,

Ansa Industrial Estate, Saki vihar Road,

Sakinaka, Andheri East, Mumbai,

Maharastra-400 072

Tel: +91 -22- 4043 0200

Fax: +91 22 – 2847 5207

Email: ipo@bigshareonline.com

Investor Grievance Email: investor@bigshareonline.com

Website: www.bigshareonline.com

Contact Person: Babu Raphael

SEBI Registration No: INR000001385

 

Registered Office Details:-

3-160, Panasapadu, Kakinada,

East Godavari -533 005, Andhra Pradesh, India.

Contact Person: S. Sarojini, Company Secretary and Compliance Officer,

Tel: +91 884 2383902/03/04;

Fax: +91 884 2383 905/906

Email: cs@apexfrozenfoods.com;

Website: www.apexfrozenfoods.in

Corporate Identity Number: U15490AP2012PLC080067

 

To See Apex Frozen Foods IPO Research Recommendation Click here

To Download Apex Frozen Foods IPO Application Form click here