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Apex Frozen Foods Ltd IPO (Apex Frozen Foods IPO) Detail

Aug 22, 2017 - Aug 24, 2017

Incorporated in 1995, Apex Frozen Foods Limited is in the business of produces and exports aquaculture products. They supply their products to food companies, retail chains, restaurants, club stores and distributors. Apex produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon).

They have operations in the United States, United Kingdom and various European countries. Company's output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands namely Bay fresh, Bay Harvest and BayPremium.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Crore)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 257.44 178.79 165.14 140.46 94.35
Total Revenue 709.68 608.27 604.37 514.57 255.48
Profit After Tax 24.93 19.70 18.57 13.42 9.42

Objects of the Issue

The object of the issue are to:

1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MT PA at East Godavari District, Andhra Pradesh (“Project”);
2. General Corporate purposes

Apex Frozen Foods IPO Details

Apex Frozen Foods IPO Date Aug 22, 2017 to Aug 24, 2017
Apex Frozen Foods IPO Face Value ₹10 per share
Apex Frozen Foods IPO Price ₹171 to ₹175 per share
Apex Frozen Foods IPO Lot Size 80 Shares
Issue Size8,700,000 shares of ₹10
(aggregating up to ₹152.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The promoters of the company are:

1. Karuturi Satyanarayana Murthy
2. Karuturi Subrahmanya Chowdary

Apex Frozen Foods IPO Timeline (Tentative Timetable)

Apex Frozen Foods IPO opens on Aug 22, 2017, and closes on Aug 24, 2017. The Apex Frozen Foods IPO bid date is from Aug 22, 2017 10.00 A.M. to Aug 24, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Apex Frozen Foods IPO Opening Date Aug 22, 2017
Apex Frozen Foods IPO Closing Date Aug 24, 2017
Basis of Allotment Aug 30, 2017
Initiation of Refunds Sep 1, 2017
Credit of Shares to Demat Sep 1, 2017
Apex Frozen Foods IPO Listing Date Sep 4, 2017

Apex Frozen Foods IPO Lot Size

The Apex Frozen Foods IPO lot size is 80 shares. A retail-individual investor can apply for up to 14 lots (1120 shares or ₹196,000).

Application Lots Shares Amount
Retail (Min) 1 80 ₹14,000
Retail (Max) 14 1120 ₹196,000

Apex Frozen Foods IPO Review

This issue being under Rs. 250 crore will get listed in "T" group for initial period eliminating speculative aspect. Certain class of investors has reservations against investments in such issue. However, looking at company's financials and expansion plans, investors may consider investment for medium to long term. Read detail review...


Apex Frozen Foods IPO Subscription Status (Bidding Detail)

The Apex Frozen Foods IPO is subscribed 6.14 times on Aug 24, 2017 5:00:00 PM. The public issue subscribed 8.53 times in the retail category, 1.91 times in the QIB category, and 7.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.91
NII7.82
Retail8.53
Employee1.10
Total6.14

Apex Frozen Foods IPO Prospectus

Apex Frozen Foods IPO Rating

1329
3.8
Rating:Rated 3.8 stars
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Apex Frozen Foods IPO Listing Date

Listing Date Monday, September 4, 2017
BSE Script Code 540692
NSE Symbol APEX
Listing In T Group of Securities
ISIN INE346W01013
IPO Price ₹175 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹175.00
₹199.90
₹195.00
₹209.85
₹209.85
NSE
₹175.00
₹202.00
₹202.00
₹212.10
₹212.10

Company Contact Information

Apex Frozen Foods Ltd
3-160, Panasapadu,
Kakinada,
East Godavari - 533 005
Phone: +91 884 2383 902/03/04
Email: cs@apexfrozenfoods.com
Website: http://www.apexfrozenfoods.in

Apex Frozen Foods IPO Registrar

Bigshare Services Pvt Ltd

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

Apex Frozen Foods IPO Review

Apex Frozen Foods IPO Recommendation Summary

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Members 0 0 0

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Apex Frozen Foods IPO FAQs

Apex Frozen Foods IPO is a main-board IPO of 8,700,000 equity shares of the face value of ₹10 aggregating up to ₹152.25 Crores. The issue is priced at ₹171 to ₹175 per share. The minimum order quantity is 80 Shares.

The IPO opens on Aug 22, 2017, and closes on Aug 24, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Apex Frozen Foods IPO opens on Aug 22, 2017 and closes on Aug 24, 2017.

Apex Frozen Foods IPO lot size is 80 Shares and the minimum order quantity is .

You can apply in Apex Frozen Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Apex Frozen Foods IPO will be done on Aug 30, 2017, and the allotted shares will be credited to your demat account by Sep 1, 2017. Check the Apex Frozen Foods IPO allotment status.

The Apex Frozen Foods IPO listing date is on Monday, September 4, 2017.
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Apex Frozen Foods IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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1499 Comments

748. Ankit R patel |   Link |Oct 15, 2017 10:45:58 PM
at what level can i exit? or stay invested for 10-15 years?
748.1. ShareTrader |   Link |Oct 16, 2017 1:09:34 PM
If you don''t require money immediately, why sell Apex??? It''s a multi bagger.
Again Upper Circuit today... Hold this for 5 years for 10x returns.
747. MSV |   Link |Oct 6, 2017 9:51:15 AM
Crossed 400
746. VAIBHAVJAIN |   Link |Sep 21, 2017 3:41:27 PM
go to 180 and than fresh buying going on.....by mutual fund
745. IPO EMPEROR |   Link |Sep 20, 2017 6:38:18 PM
despite 6 times subscription good return.....sahi kehte hai......Share market is all about history(Avanti Feeds)
744. DSR |   Link |Sep 20, 2017 12:56:56 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Some selling has started..now from here on price will go down, upto what level only experts would know?

What is target in 2-3 days?
743. JAI MATA DI |   Link |Sep 16, 2017 10:26:38 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
APEX FROZEN FOOD LTD. PRICE ON UPWARD SIDE. IF WE SEE THE PRICE OF ZEAL AQVA EPS RS. 4 AND PRICE 437. IN CURRENT YEAR EPS OF AFFL NEAR 10. COMPARE TO ZEAL AQVA AFFL LARGE COMPANY. ZEAL AQVA SME. AND TRADED AT 100 P.E. SO IF MARKET SENTIMENT GOOD THAN TARGET OF APEX FROZEN. IS RS. 1000. IN A YEAR. I HOLD 240 SHARES FROM ALLOTMENT AND NOT TO WISH FOR SALE. A DIMOND FOR FUTUR. ALSO SEE AVANTI FEED AND VENKY. BUT IN LAST SUNO SABKI KARO MANKI.
743.1. RJa |   Link |Sep 20, 2017 9:42:45 AM
Agree. It is a gem of a share! It has huge potential and will easily cross 500 in the short term.
742. DSR |   Link |Sep 18, 2017 11:17:08 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Can we expect some correction in this now. What is the fair value to enter?
741. JAI MATA DI |   Link |Sep 17, 2017 12:57:00 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
FROM MONDAY THIS SCRIPT TRANSFER IN DAY TRADING SEGMENT AND CIRCUIT LIMIT IS 20%. NOW PRICES STABLED AND SLOWLY UP OR DOWN AFTER CONSOLIDATION.
740. Jaggu |   Link |Sep 17, 2017 12:08:18 PM
Monday se Circuit limit kitni hogi ?
740.1. Umang & his ultrasonic uproar |   Link |Sep 17, 2017 12:32:05 PM
20%
739. Umang & his ultrasonic uproar |   Link |Sep 15, 2017 3:47:32 PM
You can watch the article on moneycontrol. M. F. Has increased its holding in cochin & apex
738. Umang & his ultrasonic uproar |   Link |Sep 15, 2017 2:16:25 PM
Mutual funds are continuously adding this stock, source moneycontrol, M. F. has increased its holding in stock after cochin shipyard. IN QIB THIS IPO WAS SUBSCRIBED BELOW 2 TIMES. NOW THEY ARE BUYING.

EVER EXPERTS (EVEN QIB) WENT WRONG ON THIS STOCK AT THE TIME OF SUBSCRIBITION.
738.1. MSV |   Link |Sep 15, 2017 2:42:39 PM
How do we know who buys the stock??
737. Umang & his ultrasonic uproar |   Link |Sep 14, 2017 9:46:34 PM
I am keeping trailing stoploss of 3rs. Below UC. GOD KNOWS WHEN MY 2 LOTS WILL BE SOLD.
737.1. MSV |   Link |Sep 15, 2017 10:20:02 AM
Got some at 325 and 302
737.2. Umang & his ultrasonic uproar |   Link |Sep 15, 2017 11:03:40 AM
Read as 25 rs/share
736. Umang & his ultrasonic uproar |   Link |Sep 15, 2017 11:03:01 AM
Sold 1 lot at 325. Another lot kept it for long term. My holding cost of lot is mere 25 rs.
735. Nital Chanchani |   Link |Sep 15, 2017 9:29:05 AM
Apex still on uc.. whooping 88% returns in 10 days!!

Cheers ???? for those got allotment and still holding.
734. Umang & his ultrasonic uproar |   Link |Sep 13, 2017 3:47:37 PM
AFTER SEEING THE VOLUME ON NSE I THINK THERE WILL BE ANOTHER CIRCIT TOMMOROW. IT WILL CROSS 310 EASILY. THIS IS REALLY ASTONISING. . . . . . . . I THOUGHT IT WILL GIVE 100 RS. PREMIUM IN ONE MONTH, WHEN I APPLIED FOR THIS IPO. BUT AFTER WATCHING MANAGEMENT COMMENTRY & EQUIRUS REPORT I WAS AIMING 300 RS. . . . . . . BUT TO MY PLEASENT SURPRISE IT IS GOING BEYOND THAT. . . . . NOW I WILL KEEP TRAILING STOPLOSS OF 300, AND RIDE THE MOMENTUM
734.1. Umang & his ultrasonic uproar |   Link |Sep 13, 2017 3:49:56 PM
Disc. Holding 2 lots at ipo price
734.2. RJa |   Link |Sep 14, 2017 11:39:06 AM
It has given real good returns and there is room for more.
733. MSV |   Link |Sep 13, 2017 4:56:42 PM
I smell a new Avanti here in the Long term once the company starts its new base .it market cap will reach around 1800cr.A great Multibagger to come.
733.1. RJa |   Link |Sep 14, 2017 11:37:42 AM
I strongly agree and recommend for buy
732. Umang & his ultrasonic uproar |   Link |Sep 14, 2017 10:07:15 AM
Keep trailing stoploss of 310 & ride momentum.
731. ipoke badsha |   Link |Sep 13, 2017 1:33:58 PM
..
for add in ipo and stock market group give request as under

https://docs.google.com/forms/d/e/1FAIpQLScQCuMCtups2-5kl9W3RQXCgBWIzIhP5dD17SrFl8A8CcQndA/viewform?c=0&w=1

730. PavanM |   Link |Sep 13, 2017 9:53:51 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
My bad, I had sold 3 lots which I got allotment after a long time @ 252. we miss Septa/Eagleye a lot here who can give maximum gains that we can make on listing.

Septa Sir/Eageleya, we miss you a lot.
730.1. deepak shindedeepak |   Link |Sep 13, 2017 10:00:49 AM
I wil sell it 210@....
730.2. MayankG |   Link |Sep 13, 2017 12:30:42 PM
Sir can i buy it now at 298?
729. MayankG |   Link |Sep 13, 2017 12:29:40 PM
what if i buy it now at 298? It can touch 350??