Freshtrop Fruits Limited Buyback (Freshtrop Fruits Buyback) Detail

Feb 10, 2021 - Aug 9, 2021

Incorporated in 1992, Freshtrop Fruits Limited is engaged in two business segments of Fresh Fruits and Processed Fruits and Vegetables. The principal business of the company consists of fresh grapes. It also produces Mango pulp, Guava pulp, Pomegranate concentrate, Coconut chunks, Watermelon Pulp, Puree, and cold-processed juice.

Freshtrop Fruits was one of the first companies in the corporate sector to export fresh fruit to developed countries. The company has played a pioneering role in establishing exports of grapes and pomegranates from India to Europe.

Freshtrop Fruits is the first in India to offer 100% traceability of its produce through an online Internet-based system. The company has a state-of-the-art juice processing plant in Nasik, Maharashtra. Freshtrop Fruits recognizes food safety as the single most essential concern in the fresh produce business and takes a proactive approach to quality assurance and sustainability.

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Freshtrop Fruits Buyback Detail

Issue PeriodFeb 10, 2021 - Aug 9, 2021
Security NameFreshtrop Fruits Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹6.75 Crores
Buyback Price₹90 per share
Face Value₹10 per share
Listing AtBSE

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,669.80 1,760.50 1,779.59
Profit After Tax 46.19 137.44 83.04
Net Worth 693.54 764.30 626.64

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Dec-2020 75 62.1 67.31
Nov-2020 69.75 50.55 60.7
Oct-2020 62.9 55 57.9

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Dec-2020
Nov-2020
Oct-2020

Necessity of the Issue

The Buyback is undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders value; and
iii) Optimize the capital structure.

Freshtrop Fruits Buyback Documents

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Company Contact Information

Freshtrop Fruits Limited
A-603, Sapath-IV, Opp. Karnavati Club,
SG Highway, Ahmedabad - 380015


Phone: +91-79-40307050-57
Email: secretarial@freshtrop.com
Website: https://freshtrop.com/

Freshtrop Fruits Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: buybackoffer@bighsareonline.com
    Website: http://www.bigshareonline.com

Freshtrop Fruits Buyback Manager

Lead Manager(s)

  1. Chartered Capital and Investment Limited

Registered Broker

  1. Innovate Securities Private Limited
    Email: innovate93@yahoo.co.in

Freshtrop Fruits Buyback FAQs

  1. When is Freshtrop Fruits Buyback offer coming?

    The Freshtrop Fruits Buyback opens on Feb 10, 2021, and closes on Aug 9, 2021.

  2. Which type of buyback is Freshtrop Fruits Buyback offer?

    The Freshtrop Fruits Buyback is a Open Market Through Stock Exchange.

  3. What is the schedule of activities for Freshtrop Fruits Buyback?

    Freshtrop Fruits Buyback Schedule

    Buyback Opening DateFeb 10, 2021
    Buyback Closing DateAug 9, 2021
    Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange
  4. What is the offer price for Freshtrop Fruits Buyback offer?

    The Freshtrop Fruits Buyback is being offered at Rs ₹90 per share per equity share.

  5. In what ratio is the Freshtrop Fruits Buyback offered?

    There is no ratio applicable in case of open market offer through stock exchange mechanism.

  6. What is the record date for Freshtrop Fruits Buyback offer?

    There is no concept of record date in case of open market through stock exchange mechanism.

  7. What is the issue size of Freshtrop Fruits Buyback?

    The Freshtrop Fruits Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹6.75 Crores with pricing of Rs.₹90 per share.

  8. What is the necessity for Freshtrop Fruits Buyback?

    The Buyback is undertaken by the Company to:
    i) Optimize returns to shareholders;
    ii) Enhance overall shareholders value; and
    iii) Optimize the capital structure.


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