Incorporated in 1995, Apex Frozen Foods Limited is in the business of produces and exports aquaculture products. They supply their products to food companies, retail chains, restaurants, club stores and distributors. Apex produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon).
They have operations in the United States, United Kingdom and various European countries. Company's output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands namely Bay fresh, Bay Harvest and BayPremium.
The promoters of the company are:
1. Karuturi Satyanarayana Murthy
2. Karuturi Subrahmanya Chowdary
|Particulars||For the year/period ended (in Rs. Crore)|
|Profit After Tax||24.93||19.70||18.57||13.42||9.42|
The object of the issue are to:
1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MT PA at East Godavari District, Andhra Pradesh (â€œProjectâ€);
2. General Corporate purposes
»» Issue Open: Aug 22, 2017 - Aug 24, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: 8,700,000 Equity Shares of Rs 10 aggregating up to Rs 152.25 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 171 - Rs 175 Per Equity Share
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||1,660,000||1,245,000||2,905,000||400,000||6,210,000|
|Day 1 - Aug 22, 2017 17:00 IST||0.0000||0.1800||0.7900||0.0000||0.4000|
|Day 2 - Aug 23, 2017 17:00 IST||0.0000||0.4500||2.9000||0.2000||1.4600|
|Day 3 - Aug 24, 2017 17:00 IST||1.9100||7.8200||8.5300||1.1000||6.1400|
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