Open Market Through Stock Exchange | ₹8.00 Crores | Listing at BSE | Tue, Dec 20, 2022 - Tue, Feb 7, 2023
Freshtrop Fruits Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹115 per share with a face value of ₹10 per share, aggregating to ₹8.00 crores.
The buyback opens on Dec 20, 2022 and closes on Feb 7, 2023.
Chartered Capital & Investment Ltd. is the Manager to the Buyback and Bigshare Services Pvt.Ltd. is the Registrar and Innovate Securities Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Freshtrop Fruits Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Dec 20, 2022
Offer Closing Date
Tue, Feb 7, 2023
Buyback Price
₹115 per share
Record Date
[.]
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 154.68 | 150.43 | 9.49 |
| 31-Mar-22 | 168.99 | 178.69 | 7.36 |
| Amount in ₹ Crore | |||
Freshtrop Fruits Ltd. is a leading supplier of grapes and pomegranates from India to supermarkets in Europe for more than a decade. Freshtrop established a state-of-the-art juice processing plant at Nasik, Maharashtra.
The Company has identified following Business segments as reportable segment:
1. Fresh Fruits
2. Food Processing
Freshtrop has been a leading and consistent supplier of grapes and pomegranates from India to supermarkets in Europe, Russia and Far east. Moreover, your Company has also setup food processing unit at Nasik for manufacturing of fruit pulp such as mango pulp, guava pulp, and tomato paste etc.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 108.00 | 93.70 | 99.78 |
| Jul-2022 | 105.00 | 93.50 | 97.17 |
| Aug-2022 | 110.00 | 82.50 | 93.61 |
Freshtrop Fruits Ltd.
A - 603, Shapath IV, S. G. Road,
Anmedabad-380 015, Gujarat,
380 015
Lead Manager(s)
Registered Broker
The Freshtrop Fruits Buyback 2022 opens on December 20, 2022, and closes on February 7, 2023.
The Freshtrop Fruits Buyback 2022 is a Open Market Through Stock Exchange.
Freshtrop Fruits Buyback 2022 Schedule
| Buyback Opening Date | December 20, 2022 |
| Buyback Closing Date | February 7, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Freshtrop Fruits Buyback 2022 is being offered at Rs ₹115 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Freshtrop Fruits Buyback 2022 has announced a buyback for an aggregate amount of not more than Rs. ₹8.00 Crores with pricing of Rs. ₹115 per share.
The necessity for Freshtrop Fruits Buyback 2022 is not yet declared.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Freshtrop Fruits Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
