
Freshara Agro Exports IPO
listed
₹1.32LMin. investment
About Freshara Agro Exports IPO
Issue size
₹75.39Cr
IPO type
SME
Price range
₹110 – ₹116
Lot size
1200 shares
Price range₹110 – ₹116
IPO type
SME
Lot size1200 shares
Issue size₹75.39Cr
About Freshara Agro Exports IPO
Established in 2015, Freshara Agro Exports Limited stands at the forefront of the agro-export industry in India, specializing in the procurement, processing, and exporting of preserved gherkins and a variety of pickled commodities. With a commitment to sustainable agricultural practices, the company sources its raw materials directly from accredited farms. By establishing buy-back agreements with local farmers, Freshara provides essential sowing materials, ensuring that small and marginal farmers are supported and empowered. This approach not only promotes sustainable farming methodologies but also strengthens local agricultural communities.
The company’s processing facility, located in Tamil Nadu, adheres to stringent quality and preservation protocols, ensuring that every product meets international standards. Freshara takes pride in its meticulous processing techniques, which include packing gherkins and other pickled vegetables in food-grade drums, glass jars, and metal tins. With a dedicated in-house laboratory, Freshara conducts rigorous product testing to guarantee the highest quality for its global clientele. This attention to detail has enabled the company to export its products to diverse markets across Europe, the USA, Australia, and Russia, where gherkins are enjoyed as a delicacy.
Freshara Agro Exports has garnered numerous certifications from prestigious organizations, including the Food Safety and Standards Authority of India (FSSAI) and the United States Food & Drug Administration (FDA). These accolades ensure that the company’s products not only meet but exceed industry standards, facilitating exports to countries around the globe. Recognized as a 100% Export House by the Government of India’s Ministry of Commerce & Industry, Freshara exemplifies excellence in the agro-export sector, backed by its dedication to quality and compliance with international food safety standards.
Over the past nine years, Freshara has embraced innovation while honoring traditional pickling techniques. The company continually expands its product offerings to meet evolving consumer preferences, from classic pickled cucumbers and carrots to unique blends featuring exotic vegetables. By forging strategic partnerships with local farmers through a contract farming model, Freshara ensures a consistent supply of high-quality produce while fostering fair and transparent relationships. The recognition received through prestigious awards, including the MSME of the Year for two consecutive years, reflects Freshara's unwavering commitment to excellence, sustainability, and innovation in the agro-export industry.
Freshara Agro Exports Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives
- To meet out the Capital Expenditure.
- Funding the working capital requirements of the company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Freshara Agro Exports IPO ?
The issue size of the Freshara Agro Exports IPO is 75.39 Cr.
What is 'pre-apply' for Freshara Agro Exports IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Freshara Agro Exports IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts17 Oct 2024
- Bidding ends21 Oct 2024
- Allotment finalisation19 Oct 2024
- Release of funds23 Oct 2024
- Demat transfer22 Oct 2024
- Listing24 Oct 2024