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Issue Open Date
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17-Oct-24
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Issue Closing Date
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21-Oct-24
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Application Money
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100
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Allotment Money
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Price Band
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110
-
116
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Minimium Application No.
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1200
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Issue Size (Shares)
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4737600
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Market Lot
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1
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Objective
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1. To meet out the Capital Expenditure;2. Funding the working capital requirements of the company;3. To meet out the General Corporate Purposes; and4. To meet out the Issue Expenses.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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451588800
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Qualified Institutional Buyers
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151964400
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Retail Individual Investors
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372310800
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Business Description
We are engaged in the procurement, processing and exporting of preserved Gherkins and other pickledcommodities from India to different countries of the world. Our procurement process involves direct sourcingfrom accredited farms and farmers dedicated to sustainable agricultural methodologies. Our Company concludesbuy-back agreements with the farmers and in turn supplies the farmers the necessary sowing material such asseeds to the identified small and marginal farmers We meticulously process the procured Gherkins and otherpickled vegetables within our processing facility, adhering to stringent quality and preservation protocols prior toexportation. Gherkins and other pickled vegetables are processed in our processing facility situated at SurveyNo.380, Velakalnatham Village, Natrampalli Taluk, Tirupattur District, Tamil Nadu-635854 on a high-qualitymeasure and packed in food-grade drums, glass jars and metal tins as processed products. Gherkins are savoredpickle vegetable relished globally & consumed in the markets of Europe, USA, Australia, Russia, etc. as a delicacywith other food items. Moreover, for product testing we use our own laboratory inside the processing facility witha dedicated team. Due to our rigorous quality assurance program, our Company is accredited by a number ofleading organizations, including Food Safety and Standards Authority of India (FSSAI), United States Food &Drug Administration (FDA), Star-K Kosher, Agricultural and Processed Food Products Export DevelopmentAuthority (APEDA), International Featured Standards, Brand Reputation through Compliance GlobalStandard (BRCGS), these food safety certifications ensures that all of our products meet or exceed industrystandards and helps in exporting to countries like Russia, United States, United Kingdom, various countries inEurope, Middle-East, North America and South America, etc. Our company has been recognized as a 100%Export House by Ministry of Commerce & Industry, Government of India.
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Promoter's Holding
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Total Share Capital
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14705000
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Offered to Public
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4737600
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Promoter's Holding (Pre-Issue)
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86.5
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Promoter's Holding (Post-Issue)
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62.58
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Address |
Old No.3
New No.9
Puram Prakasham Road
Balaji Nagar
Roya Pettah
Chennai,
Tamil Nadu,
600014
Phone : 044 4357 0138
Email : info@fresharaagroexports.com
Website : www.fresharaagroexports.com
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Registrar |
Purva Shareregistry (India) Pvt Ltd
Gala No 9
Shiv Shakti
Industrial Estate
Sitaram Mill Comp.
J R Boricha Marg
Lower Parel [E]
Mumbai
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Listed at |
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NSE
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Lead Manager |
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GYR Capital Advisors Pvt Ltd.
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Promoters |
Asma Syed
Iqbalahmed Khudrathullah Mohammed
Junaid Ahmed
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