The Apex Frozen Foods IPO date has been confirmed to have started on August 22, 2017 and ended on August 24, 2017.
Using an IPO, Apex Frozen Foods is seeking to raise Rs 152.25 crore. Its price band is set at ₹171 to ₹175 per share. The minimum lot size for an application is 80 shares. The minimum amount of investment required by retail investors is ₹14,000.
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Bidding Dates
August 22-24
Price Range
₹171 to ₹175 per share
Face Value
₹10 per share
GMP
₹216.45
Apex Frozen Foods IPO GMP
The Apex Frozen Foods Limited IPO GMP is ₹216.45 .
IPO Overview
The Apex Frozen Foods IPO is a book-built offering for Rs 152.25 crore. Bidding for Apex Frozen Foods initial public offering (IPO) began on August 22, 2017 and finished on August 24, 2017. The Apex Frozen Foods IPO allotment was completed on Wednesday, August 30, 2017. On September 4, 2017, the shares were listed on the BSE and NSE. The IPO price range for Apex Frozen Foods is $171 to $175 per share. An application requires a minimum lot size of 80 shares. Retail investors must make a minimum commitment of $14,000.
They have offices in the United States, the United Kingdom, and several European countries. The majority of the company’s output consists of processed Vannamei shrimp (white shrimp) sold under the labels Bay Fresh, Bay Harvest, and Bay Premium.
Apex Frozen Foods IPO Details
| IPO Date | August 22, 2017 to August 24, 2017 |
| Listing Date | September 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹175 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 8,700,000 shares (aggregating up to ₹152.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Apex Frozen Foods Company Financials
| Particulars | For the year or 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 | |
Apex Frozen Foods IPO Timeline
| IPO Open Date | Tuesday, August 22, 2017 |
| IPO Close Date | Thursday, August 24, 2017 |
| Basis of Allotment | Wednesday, August 30, 2017 |
| Initiation of Refunds | Friday, September 1, 2017 |
| Credit of Shares to Demat | Friday, September 1, 2017 |
| Listing Date | Monday, September 4, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 24, 2017 |
Company Profile
Apex Frozen Foods Limited, founded in 1995, manufactures and exports aquaculture products. They sell to food manufacturers, retail chains, restaurants, club stores, and distributors. Apex produces two types of shrimp: whiteleg shrimp (Litopenaeus vannamei) and black tiger shrimp (Penaeus monodon).
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | investor@bigshareonline.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Apex Frozen Foods Ltd |
| Phone number | +91 884 2383 902/03/04 |
| Email ID | cs@apexfrozenfoods.com |
| Website | www.apexfrozenfoods.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
