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Tapi Fruit Processing Ltd IPO (Tapi Fruit Processing IPO) Detail

September 12, 2022 - September 14, 2022

Tapi Fruit Processing IPO is a fixed price issue of Rs 5.21 crores. The issue is entirely a fresh issue of 10.86 lakh shares.

Tapi Fruit Processing IPO bidding started from September 12, 2022 and ended on September 14, 2022. The allotment for Tapi Fruit Processing IPO was finalized on Monday, September 19, 2022. The shares got listed on NSE SME on September 22, 2022.

Tapi Fruit Processing IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Tapi Fruit Processing IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Tapi Fruit Processing IPO RHP for detailed information.

Tapi Fruit Processing IPO Details

IPO Date September 12, 2022 to September 14, 2022
Listing Date September 22, 2022
Face Value ₹10 per share
Price ₹48 per share
Lot Size 3000 Shares
Total Issue Size1,086,000 shares
(aggregating up to ₹5.21 Cr)
Fresh Issue1,086,000 shares
(aggregating up to ₹5.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion60 shares

Tapi Fruit Processing IPO Reservation

Tapi Fruit Processing IPO offers 1,026,060 shares. 513,000 (50.00%) to NII, 513,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered60 (0.01%)
Other Shares Offered513,000 (50.00%)
Retail Shares Offered513,000 (50.00%)
Total Shares Offered1,026,060 (100%)

Tapi Fruit Processing IPO Timeline (Tentative Schedule)

Tapi Fruit Processing IPO opens on September 12, 2022, and closes on September 14, 2022.

IPO Open Date Monday, September 12, 2022
IPO Close Date Wednesday, September 14, 2022
Basis of Allotment Monday, September 19, 2022
Initiation of Refunds Tuesday, September 20, 2022
Credit of Shares to Demat Wednesday, September 21, 2022
Listing Date Thursday, September 22, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 14, 2022

Tapi Fruit Processing IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹144,000
Retail (Max) 1 3000 ₹144,000
HNI (Min) 2 6,000 ₹288,000
Lot Size Calculator

Tapi Fruit Processing IPO Promoter Holding

The Promoters of the Company are Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi.

Share Holding Pre Issue 99.94%
Share Holding Post Issue

About Tapi Fruit Processing Ltd

Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.

The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).

The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.

Strengths :

  • The company believes they are among the few organized players in the Candied Fruit & Fruit Jellies segment of confectionaries with a well-established distribution network.
  • Wide spread and established sales and distribution network.
  • The company has state-of-the-art manufacturing infrastructure, superior sourcing and stringent quality and food safety procedures.
  • Diversified Product Portfolio.
  • Experienced promoter and management team.

Company Financials

Tapi Fruit Processing Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Tapi Fruit Processing IPO is Rs 18.79 Cr.

Pre IPO Post IPO
P/E (x) 120

Objects of the Issue (Tapi Fruit Processing IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:

1. Meeting incremental working capital requirements

2. Repayment / prepayment of certain borrowings availed by the Company

3. General corporate purposes

Tapi Fruit Processing IPO Review (Avoid)

[Dilip Davda]  The company has posted average financial performance with pressure on margins. Based on its FY22 earnings, the issue is exorbitantly priced. Higher issue expenses show funding arrangements ahead of IPO. A lower equity capital base post IPO indicates a longer gestation period for migration. There is no harm in giving this pricy issue a - MISS. Read detail review...

Tapi Fruit Processing IPO Subscription Status (Bidding Detail)

The Tapi Fruit Processing IPO is subscribed 2.62 times on September 14, 2022 7:00:00 PM. The public issue subscribed 3.32 times in the retail category, times in the QIB category, and 1.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Tapi Fruit Processing IPO Prospectus

Tapi Fruit Processing IPO Rating

Rating:Rated 3.5 stars
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Tapi Fruit Processing IPO Listing Details

Listing Date September 22, 2022
BSE Script Code
ISIN INE0M7001010
Final Issue Price ₹48 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Tapi Fruit Processing Ltd Contact Details

Tapi Fruit Processing Ltd
Office No. - 212 to 214,
Sunrise Chambers, Near Ashok Colony,
Mini Bazar, Varachha Road, Surat - 395006
Phone: 9825503717

Tapi Fruit Processing IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Tapi Fruit Processing IPO - Buy or Not

Tapi Fruit Processing IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 2

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Tapi Fruit Processing IPO FAQs

Tapi Fruit Processing IPO is a SME IPO of 1,086,000 equity shares of the face value of ₹10 aggregating up to ₹5.21 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 12, 2022, and closes on September 14, 2022.

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

Zerodha customers can apply online in Tapi Fruit Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Tapi Fruit Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Tapi Fruit Processing IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tapi Fruit Processing IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Tapi Fruit Processing IPO opens on September 12, 2022 and closes on September 14, 2022.

Tapi Fruit Processing IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.

You can apply in Tapi Fruit Processing 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 Tapi Fruit Processing IPO will be done on Monday, September 19, 2022, and the allotted shares will be credited to your demat account by Wednesday, September 21, 2022. Check the Tapi Fruit Processing IPO allotment status.

The Tapi Fruit Processing IPO listing date is on September 22, 2022.
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Tapi Fruit Processing IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



27. sahab |   Link |  Bookmark |October 20, 2022 11:40:05 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
today again upper circuit
26. Visamp |   Link |  Bookmark |October 7, 2022 1:00:06 PM
to day is the allottment date evening or midnight result will come by bigshare.
wish all to get allottment
25. Ou Ai |   Link |  Bookmark |September 30, 2022 3:11:56 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Not applying. Business model in luxury sector with SME capital does not somehow gel ...
24. R P GOYAL |   Link |  Bookmark |September 25, 2022 4:28:45 PM
23. MehulStk |   Link |  Bookmark |September 22, 2022 9:53:51 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
decent listing in such market
22. Yuchiro |   Link |  Bookmark |September 22, 2022 9:38:38 AM
Ghapla in allocation
21. God RA |   Link |  Bookmark |September 22, 2022 9:31:39 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Hope you are doing well
Tapi & Ishan both are listing today but the color code is not working. It should be highlighted with green color but instead it's highlighted with blue colour.
Kindly fix it.
20. GJ 😀 |   Link |  Bookmark |September 19, 2022 7:11:59 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Tapi allotment is out

Not allotted to me
best of luck to others
19. snipperRaj |   Link |  Bookmark |September 14, 2022 11:55:29 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
lokes, avenue, mravi sir, noorul, dinesh singh, ipo bhakt, trueinfo, ravu, shanm, and other friends,
you guys giving it a shot or skipping it?
19.27. MRavichandran |   Link |  Bookmark |September 18, 2022 1:07:59 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@ Dinesh Singh,
I meant X factor is like anything related to recycle, green etc
May or may not be right here, just my guess

19.28. Dinesh Singh |   Link |  Bookmark |September 19, 2022 1:16:27 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
You ate right Sir.. it is moving like EKI... and surely may give multifold return..keep holding.
18. Trueinfo |   Link |  Bookmark |September 14, 2022 3:43:51 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
No fruit here.
18.1. PKRAJ |   Link |  Bookmark |September 14, 2022 5:49:02 PM
Fruits without nuts. No need to run blindly every one. Be cool and enjoy.
17. Rajggggg |   Link |  Bookmark |September 14, 2022 3:07:43 PM
Hni to be filled heavily by 4
17.2. Trueinfo |   Link |  Bookmark |September 14, 2022 4:23:14 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
@ Avenue, use Saumya eye drops.
17.3. Avenue |   Link |  Bookmark |September 14, 2022 5:29:34 PM
@Trueinfo.. can't risk eyes by using unprescribed medicines. I have to continue staring screen hard for coming IPOs. :)
16. Amit Jaipur |   Link |  Bookmark |September 14, 2022 3:56:48 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Yes finally skipped.
15. sahab |   Link |  Bookmark |September 14, 2022 2:57:10 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
@dinesh singh
what is your final call sir??
please reply
15.1. Dinesh Singh |   Link |  Bookmark |September 14, 2022 3:35:36 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
not applying here
15.2. sahab |   Link |  Bookmark |September 14, 2022 3:41:11 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Thanks sir
14. Bhav |   Link |  Bookmark |September 14, 2022 2:56:51 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
not applying.
13. Amit Jaipur |   Link |  Bookmark |September 14, 2022 2:36:32 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Not receiving any proper response. It seems better to avoid it.
12. IPO BHAKT |   Link |  Bookmark |September 14, 2022 12:50:26 PM
It is not like sabar flex only risk taker who can take loss [10 -15% ]can apply and that only for listing.
11. Amit Jaipur |   Link |  Bookmark |September 14, 2022 12:22:00 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Its too late for all to apply at that time.
10. Amit Jaipur |   Link |  Bookmark |September 14, 2022 11:29:33 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Whats the call of my dear respected forum members for this sme to apply or leave.
10.1. Amit Jaipur |   Link |  Bookmark |September 14, 2022 11:32:17 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
LM of virtuoso was also fedex.
10.2. Kapz |   Link |  Bookmark |September 14, 2022 11:33:44 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Not an expert but in my limited opinion, fundamentals quite poor, margins negligible, very high pricing. Only consider applying for listing gains (if any) in case of high NII subscription. 🙏
9. Hamsa |   Link |  Bookmark |September 13, 2022 11:32:15 AM
Jisko paise se nafrat hai...wo is issue mai application lagaye.
9.2. Hamsa |   Link |  Bookmark |September 13, 2022 1:04:28 PM
Whole market is overbought. 10% Corrections is due very soon. Better to stay away. Only applying SABAR FLEX in Retail though not much expectations. Market may fall by this month expiry.
9.3. Shahipo |   Link |  Bookmark |September 14, 2022 10:32:45 AM
hummmmmmmmmm, aa ja fasa ja .
8. Shahipo |   Link |  Bookmark |September 14, 2022 10:31:42 AM
Before Apply chk within last month SME IPO issue price and current price