Feb 10, 2021 - Aug 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 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 price at BSE (in preceding 3 months)

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

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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