Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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.
| Issue Period | February 10, 2021 - August 9, 2021 |
| Security Name | Freshtrop Fruits Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹6.75 Crores |
| Buyback Price | ₹90 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| 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 |
| 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 |
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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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/
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: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
Registered Broker
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 Date | February 10, 2021 |
| Buyback Closing Date | August 9, 2021 |
| Last date for acceptance of shares | Upon 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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