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 Promoters:

The promoters of the company are:

1. Karuturi Satyanarayana Murthy
2. Karuturi Subrahmanya Chowdary

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

IPO DateAug 22, 2017 - Aug 24, 2017
Issue TypeBook Built Issue IPO
Issue Size8,700,000 Eq Shares of ₹10
(aggregating up to ₹152.25 Cr)
Face Value₹10 Per Equity Share
IPO Price₹171 to ₹175 Per Equity Share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE

Apex Frozen Foods IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 22, 2017
Bid/Offer Closes OnAug 24, 2017
Finalisation of Basis of AllotmentAug 30, 2017
Initiation of RefundsSep 1, 2017
Credit of Shares to Demat AcctSep 1, 2017
IPO Shares Listing DateSep 4, 2017

Apex Frozen Foods IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum180₹14,000
Maximum141120₹196,000

Apex Frozen Foods IPO Subscription Status (Bidding Detail)

Apex Frozen Foods IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

1,660,000

1,245,000

2,905,000

400,000

6,210,000

Aug 24, 2017 17:00

1.91x

7.82x

8.53x

1.10x

6.14x

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 DateMonday, September 4, 2017
BSE Script Code540692
NSE SymbolAPEX
Listing InT
ISININE346W01013
IPO Price₹175 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹175.00
₹199.90
₹195.00
₹209.85
₹209.85
243,572
NSE
₹175.00
₹202.00
₹202.00
₹212.10
₹212.10
1,467,590

Apex Frozen Foods IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Apex Frozen Foods IPO FAQs

  1. 1. What is Apex Frozen Foods IPO?

    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 price of the IPO is ₹171 to ₹175 Per Equity Share. The minimum order quantity is 80 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Apex Frozen Foods IPO will open?

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

  3. 3. How to apply for Apex Frozen Foods IPO?

    Apex Frozen Foods IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Apex Frozen Foods IPO allotment?

    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.

  5. 5. When is Apex Frozen Foods IPO listing date?

    The Apex Frozen Foods IPO listing date is on Monday, September 4, 2017, at BSE, NSE.
  6. 6. What is the lot size of Apex Frozen Foods IPO?

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

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Apex Frozen Foods IPO Review / Comments

Ankit R patel
748. Ankit R patel  Oct 15, 2017 22:45
at what level can i exit? or stay invested for 10-15 years?
ShareTrader
748.1. ShareTrader  Oct 16, 2017 13:09
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.
MSV
747. MSV  Oct 6, 2017 09:51
Crossed 400
VAIBHAVJAIN
746. VAIBHAVJAIN  Sep 21, 2017 15:41
go to 180 and than fresh buying going on.....by mutual fund
IPO EMPEROR
745. IPO EMPEROR  Sep 20, 2017 18:38
despite 6 times subscription good return.....sahi kehte hai......Share market is all about history(Avanti Feeds)
DSR
744. DSR  Sep 20, 2017 12:56
Top Contributor Top Contributor (300+ Posts, 200+ 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?
JAI MATA DI
743. JAI MATA DI  Sep 16, 2017 22:26
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.
RJa
743.1. RJa  Sep 20, 2017 09:42
Agree. It is a gem of a share! It has huge potential and will easily cross 500 in the short term.
DSR
742. DSR  Sep 18, 2017 11:17
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Can we expect some correction in this now. What is the fair value to enter?
JAI MATA DI
741. JAI MATA DI  Sep 17, 2017 12:57
FROM MONDAY THIS SCRIPT TRANSFER IN DAY TRADING SEGMENT AND CIRCUIT LIMIT IS 20%. NOW PRICES STABLED AND SLOWLY UP OR DOWN AFTER CONSOLIDATION.
Jaggu
740. Jaggu  Sep 17, 2017 12:08
Monday se Circuit limit kitni hogi ?
Umang & his ultrasonic uproar
740.1. Umang & his ultrasonic uproar  Sep 17, 2017 12:32
20%
Umang & his ultrasonic uproar
739. Umang & his ultrasonic uproar  Sep 15, 2017 15:47
You can watch the article on moneycontrol. M. F. Has increased its holding in cochin & apex
Umang & his ultrasonic uproar
738. Umang & his ultrasonic uproar  Sep 15, 2017 14:16
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.
MSV
738.1. MSV  Sep 15, 2017 14:42
How do we know who buys the stock??
Umang & his ultrasonic uproar
737. Umang & his ultrasonic uproar  Sep 14, 2017 21:46
I am keeping trailing stoploss of 3rs. Below UC. GOD KNOWS WHEN MY 2 LOTS WILL BE SOLD.
MSV
737.1. MSV  Sep 15, 2017 10:20
Got some at 325 and 302
Umang & his ultrasonic uproar
737.2. Umang & his ultrasonic uproar  Sep 15, 2017 11:03
Read as 25 rs/share
Umang & his ultrasonic uproar
736. Umang & his ultrasonic uproar  Sep 15, 2017 11:03
Sold 1 lot at 325. Another lot kept it for long term. My holding cost of lot is mere 25 rs.
Nital Chanchani
735. Nital Chanchani  Sep 15, 2017 09:29
Apex still on uc.. whooping 88% returns in 10 days!!

Cheers 👍 for those got allotment and still holding.
Umang & his ultrasonic uproar
734. Umang & his ultrasonic uproar  Sep 13, 2017 15:47
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
Umang & his ultrasonic uproar
734.1. Umang & his ultrasonic uproar  Sep 13, 2017 15:49
Disc. Holding 2 lots at ipo price
RJa
734.2. RJa  Sep 14, 2017 11:39
It has given real good returns and there is room for more.
MSV
733. MSV  Sep 13, 2017 16:56
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.
RJa
733.1. RJa  Sep 14, 2017 11:37
I strongly agree and recommend for buy
Umang & his ultrasonic uproar
732. Umang & his ultrasonic uproar  Sep 14, 2017 10:07
Keep trailing stoploss of 310 & ride momentum.
ipoke badsha
731. ipoke badsha  Sep 13, 2017 13:33
PavanM
730. PavanM  Sep 13, 2017 09:53
Top Contributor Top Contributor (400+ Posts, 300+ 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.
deepak shindedeepak
730.1. deepak shindedeepak  Sep 13, 2017 10:00
I wil sell it 210@....
MayankG
730.2. MayankG  Sep 13, 2017 12:30
Sir can i buy it now at 298?
MayankG
729. MayankG  Sep 13, 2017 12:29
what if i buy it now at 298? It can touch 350??






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