Freshtrop Fruits Limited Buyback, Record Date, Price, Entitlement Ratio

The Freshtrop Fruits date has been confirmed from April 8, 2024 – April 16, 2024.

Freshtrop Fruits Limited supplies grapes and pomegranates from India to European merchants. Freshtrop is a prominent grape and pomegranate supplier from India to merchants in Europe and Russia. Furthermore, the firm has established a food processing plant in Nasik to produce fruit purees such as mango and guava puree, tomato sauce, and more.

Start your investing journey today. Find the latest information on Buybacks.

Key Details Of Freshtrop Fruits

Freshtrop Fruits IPO Buyback Price

The Freshtrop Fruits Buyback Price is ₹175 per share.

IPO Overview​

Grapes and pomegranates from India are supplied to European retailers by Freshtrop Fruits Limited.
The corporation has designated the following operating segments as reportable segments:

• fresh fruit

• food preparation

Freshtrop, based in India, is a leading and reliable grape and pomegranate pulp supplier to stores across Europe and Russia. Additionally, the business has established a food processing facility in Nasik to produce tomato paste, guava and mango pulp, and other fruit pulps.

Freshtrop Fruits Buyback Detail

Issue Period	April 8, 2024 – April 16, 2024
Security Name	Freshtrop Fruits Limited
Issue Type	Tender Offer
Issue Size (Shares)	1,925,000 (19.45 % of Total number of equity Shares)
Issue Size (Amount)	₹33.69 Crores
Buyback Price	₹175 per share
Face Value	₹10 per share
Listing At	BSE

Freshtrop Fruits Limited Financial Information

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue	69.87	107.89	63.95	44.80
Profit After Tax	60.16	8.46	7.36	9.49
Net Worth	139.43	79.36	81.14	76.28
Reserves and Surplus	129.53	69.47	70.45	65.35
Total Borrowing		21.15	24.01	30.96
Amount in ₹ Crore

Freshtrop Fruits Buyback Issue Timetable

Last Date to buy shares	April 1, 2024
Record Date	April 2, 2024
Offer Opens On	April 8, 2024
Last Date for receipt of Tender Forms	April 16, 2024
Offer Closes On *	April 16, 2024
Finalisation of Buyback Acceptance	April 23, 2024
Last Date for settlment of bids	April 24, 2024
Last Date for Extinguishment of Shares	May 6, 2024

Company Profile​

proportion to their shareholding, thereby enhancing the overall return to the shareholders;

• Some Equity Shares would be reserved for small shareholders following their entitlement or 15% of the buyback size, whichever is more extensive, as part of the buyback, which would be carried out through the tender offer as required by the buyback regulations. The Company feels that many public shareholders would gain from this reservation for small shareholders since they would be considered “Small Shareholders” under Regulation 2(i)(n) of the Buy-back Regulations;
• The buy-back will aid in improving financial ratios such as earnings per share, return on assets, and return on equity computed based on financial statements by decreasing the Company’s equity basis.
• By the terms of the buy-back, eligible shareholders may opt to increase their percentage shareholding in the company after the buy-back without making any additional investments, or they may choose not to participate in the buy-back and receive cash in place of their equity shares, which are accepted under the buy-back.

IPO Strengths

• 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.

Freshtrop Fruits IPO FAQs