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Apex Frozen Foods IPO is a book built issue of Rs 152.25 crores.
Apex Frozen Foods IPO bidding started from August 22, 2017 and ended on August 24, 2017. The allotment for Apex Frozen Foods IPO was finalized on Wednesday, August 30, 2017. The shares got listed on BSE, NSE on September 4, 2017.
Apex Frozen Foods IPO 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.
Karvy Investor Services Limited is the book running lead manager of the Apex Frozen Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Apex Frozen Foods IPO RHP for detailed information.
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 IPO offers 6,210,000 shares. 1,660,000 (26.73%) to QIB, 1,245,000 (20.05%) to NII, 2,905,000 (46.78%) to RII, 400,000 (6.44%) to employees. 36,312 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,200 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,660,000 (26.73%) | NA |
NII (HNI) Shares Offered | 1,245,000 (20.05%) | |
Retail Shares Offered | 2,905,000 (46.78%) | 36,312 |
Employee Shares Offered | 400,000 (6.44%) | NA |
Total Shares Offered | 6,210,000 (100%) |
Apex Frozen Foods IPO opens on August 22, 2017, and closes on August 24, 2017.
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 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 80 | ₹14,000 |
Retail (Max) | 14 | 1120 | ₹196,000 |
Lot Size Calculator |
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.
Particulars | For the year/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 |
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 (“Project”);
2. General Corporate purposes
[Dilip Davda] This issue being under Rs. 250 crore will get listed in "T" group for initial period eliminating speculative aspect. Certain class of investors has reservations against investments in such issue. However, looking at company's financials and expansion plans, investors may consider investment for medium to long term. Read detail review...
The Apex Frozen Foods IPO is subscribed 6.14 times on August 24, 2017 5:00:00 PM. The public issue subscribed 8.53 times in the retail category, 1.91 times in the QIB category, and 7.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 1.91 |
NII | 7.82 |
Retail | 8.53 |
Employee | 1.10 |
Total | 6.14 |
Listing Date | September 4, 2017 |
BSE Script Code | 540692 |
NSE Symbol | APEX |
ISIN | INE346W01013 |
Final Issue Price | ₹175 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹175.00 |
₹199.90 |
₹195.00 |
₹209.85 |
₹209.85 |
NSE |
---|
₹175.00 |
₹202.00 |
₹202.00 |
₹212.10 |
₹212.10 |
Apex Frozen Foods Ltd
3-160, Panasapadu,
Kakinada,
East Godavari - 533 005
Phone: +91 884 2383 902/03/04
Email: cs@apexfrozenfoods.com
Website: http://www.apexfrozenfoods.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Apex Frozen Foods IPO is a main-board IPO of 8,700,000 equity shares of the face value of ₹10 aggregating up to ₹152.25 Crores. The issue is priced at ₹171 to ₹175 per share. The minimum order quantity is 80 Shares.
The IPO opens on August 22, 2017, and closes on August 24, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Apex Frozen Foods IPO opens on August 22, 2017 and closes on August 24, 2017.
Apex Frozen Foods IPO lot size is 80 Shares, and the minimum amount required is ₹14,000.
You can apply in Apex Frozen Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Apex Frozen Foods IPO will be done on Wednesday, August 30, 2017, and the allotted shares will be credited to your demat account by Friday, September 1, 2017. Check the Apex Frozen Foods IPO allotment status.
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