FREE Account Opening + No Clearing Fees
Loading...

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

August 22, 2017 - August 24, 2017

Apex Frozen Foods IPO is a book built issue of Rs 152.25 crores.

Apex Frozen Foods IPO bidding started from August 22, 2017 and ended on August 24, 2017. The allotment for Apex Frozen Foods IPO was finalized on Wednesday, August 30, 2017. The shares got listed on BSE, NSE on September 4, 2017.

Apex Frozen Foods IPO price band is set at ₹171 to ₹175 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,000.

Karvy Investor Services Limited is the book running lead manager of the Apex Frozen Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Apex Frozen Foods IPO RHP for detailed information.

Apex Frozen Foods IPO Details

IPO Date August 22, 2017 to August 24, 2017
Listing Date September 4, 2017
Face Value ₹10 per share
Price Band ₹171 to ₹175 per share
Lot Size 80 Shares
Total Issue Size8,700,000 shares
(aggregating up to ₹152.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Apex Frozen Foods IPO Reservation

Apex Frozen Foods IPO offers 6,210,000 shares. 1,660,000 (26.73%) to QIB, 1,245,000 (20.05%) to NII, 2,905,000 (46.78%) to RII, 400,000 (6.44%) to employees. 36,312 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,200 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,660,000 (26.73%)NA
NII (HNI) Shares Offered1,245,000 (20.05%)
Retail Shares Offered2,905,000 (46.78%)36,312
Employee Shares Offered400,000 (6.44%)NA
Total Shares Offered6,210,000 (100%)

Apex Frozen Foods IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, August 22, 2017
IPO Close Date Thursday, August 24, 2017
Basis of Allotment Wednesday, August 30, 2017
Initiation of Refunds Friday, September 1, 2017
Credit of Shares to Demat Friday, September 1, 2017
Listing Date Monday, September 4, 2017
Cut-off time for UPI mandate confirmation 5 PM on August 24, 2017

Apex Frozen Foods IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Apex Frozen Foods Ltd

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 (Apex Frozen Foods IPO Objectives)

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 Review (Apply)

[Dilip Davda]  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 August 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
Vote Here ...

Apex Frozen Foods IPO Listing Details

Listing Date September 4, 2017
BSE Script Code 540692
NSE Symbol APEX
ISIN INE346W01013
Final Issue Price ₹175 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

Apex Frozen Foods Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Apex Frozen Foods IPO - Buy or Not

Apex Frozen Foods IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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 August 22, 2017, and closes on August 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 August 22, 2017 and closes on August 24, 2017.

Apex Frozen Foods IPO lot size is 80 Shares, and the minimum amount required is ₹14,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Apex Frozen Foods IPO listing date is on September 4, 2017.
Open an Instant Account with Zerodha

Apex Frozen Foods IPO Message Board

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

Loading...

1498 Comments

747. Ankit R patel |   Link |  Bookmark |October 15, 2017 11:45:58 PM
at what level can i exit? or stay invested for 10-15 years?
747.1. ShareTrader |   Link |  Bookmark |October 16, 2017 2:09:34 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.
746. MSV |   Link |  Bookmark |October 6, 2017 10:51:15 AM
Crossed 400
745. VAIBHAVJAIN |   Link |  Bookmark |September 21, 2017 4:41:27 PM
go to 180 and than fresh buying going on.....by mutual fund
744. IPO EMPEROR |   Link |  Bookmark |September 20, 2017 7:38:18 PM
despite 6 times subscription good return.....sahi kehte hai......Share market is all about history(Avanti Feeds)
743. DSR |   Link |  Bookmark |September 20, 2017 1:56:56 PM
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?
742. JAI MATA DI |   Link |  Bookmark |September 16, 2017 11:26:38 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ 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.
742.1. RJa |   Link |  Bookmark |September 20, 2017 10:42:45 AM
Agree. It is a gem of a share! It has huge potential and will easily cross 500 in the short term.
741. DSR |   Link |  Bookmark |September 18, 2017 12:17:08 PM
Can we expect some correction in this now. What is the fair value to enter?
740. JAI MATA DI |   Link |  Bookmark |September 17, 2017 1:57:00 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ 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.
739. Jaggu |   Link |  Bookmark |September 17, 2017 1:08:18 PM
Monday se Circuit limit kitni hogi ?
739.1. Umang & his ultrasonic uproar |   Link |  Bookmark |September 17, 2017 1:32:05 PM
20%
738. Umang & his ultrasonic uproar |   Link |  Bookmark |September 15, 2017 4:47:32 PM
You can watch the article on moneycontrol. M. F. Has increased its holding in cochin & apex
737. Umang & his ultrasonic uproar |   Link |  Bookmark |September 15, 2017 3:16:25 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.
737.1. MSV |   Link |  Bookmark |September 15, 2017 3:42:39 PM
How do we know who buys the stock??
736. Umang & his ultrasonic uproar |   Link |  Bookmark |September 14, 2017 10:46:34 PM
I am keeping trailing stoploss of 3rs. Below UC. GOD KNOWS WHEN MY 2 LOTS WILL BE SOLD.
736.1. MSV |   Link |  Bookmark |September 15, 2017 11:20:02 AM
Got some at 325 and 302
736.2. Umang & his ultrasonic uproar |   Link |  Bookmark |September 15, 2017 12:03:40 PM
Read as 25 rs/share
735. Umang & his ultrasonic uproar |   Link |  Bookmark |September 15, 2017 12:03:01 PM
Sold 1 lot at 325. Another lot kept it for long term. My holding cost of lot is mere 25 rs.
734. Nital Chanchani |   Link |  Bookmark |September 15, 2017 10:29:05 AM
Apex still on uc.. whooping 88% returns in 10 days!!

Cheers ???? for those got allotment and still holding.
733. Umang & his ultrasonic uproar |   Link |  Bookmark |September 13, 2017 4:47:37 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
733.1. Umang & his ultrasonic uproar |   Link |  Bookmark |September 13, 2017 4:49:56 PM
Disc. Holding 2 lots at ipo price
733.2. RJa |   Link |  Bookmark |September 14, 2017 12:39:06 PM
It has given real good returns and there is room for more.
732. MSV |   Link |  Bookmark |September 13, 2017 5:56:42 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.
732.1. RJa |   Link |  Bookmark |September 14, 2017 12:37:42 PM
I strongly agree and recommend for buy
731. Umang & his ultrasonic uproar |   Link |  Bookmark |September 14, 2017 11:07:15 AM
Keep trailing stoploss of 310 & ride momentum.
730. ipoke badsha |   Link |  Bookmark |September 13, 2017 2:33:58 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

729. PavanM |   Link |  Bookmark |September 13, 2017 10:53:51 AM
IPO Mentor IPO Mentor (500+ 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.
729.1. deepak shindedeepak |   Link |  Bookmark |September 13, 2017 11:00:49 AM
I wil sell it 210@....
729.2. MayankG |   Link |  Bookmark |September 13, 2017 1:30:42 PM
Sir can i buy it now at 298?
728. MayankG |   Link |  Bookmark |September 13, 2017 1:29:40 PM
what if i buy it now at 298? It can touch 350??