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February 10, 2021 - August 9, 2021

Freshtrop Fruits Limited Buyback (Freshtrop Fruits Buyback) Detail

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.

Freshtrop Fruits Buyback Detail

Issue PeriodFebruary 10, 2021 - August 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 price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 75.00 62.10 67.31
Nov-2020 69.75 50.55 60.70
Oct-2020 62.90 55.00 57.90

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

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

Freshtrop Fruits Buyback Manager

Lead Manager(s)

  1. Chartered Capital And Investment Limited

Registered Broker

  1. Innovate Securities Private Limited

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Freshtrop Fruits Buyback FAQs

The Freshtrop Fruits Buyback opens on February 10, 2021, and closes on August 9, 2021.

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

Freshtrop Fruits Buyback Schedule

Buyback Opening DateFebruary 10, 2021
Buyback Closing DateAugust 9, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

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

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

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

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.

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

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 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.

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