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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.
| 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 Size | 1,086,000 shares (aggregating up to ₹5.21 Cr) |
| Fresh Issue | 1,086,000 shares (aggregating up to ₹5.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 60 shares |
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 Offered | 60 (0.01%) |
| Other Shares Offered | 513,000 (50.00%) |
| Retail Shares Offered | 513,000 (50.00%) |
| Total Shares Offered | 1,026,060 (100%) |
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 |
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 | |||
The Promoters of the Company are Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi.
| Share Holding Pre Issue | 99.94% |
| Share Holding Post Issue |
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 589.18 | 1145.69 | -0.86 | 17.36 | -7.64 |
| 31-Mar-21 | 737.4 | 1312.5 | 10.06 | 27.42 | 2.42 |
| 31-Mar-22 | 802.88 | 1522.09 | 15.6 | 43.02 | 18.02 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Tapi Fruit Processing IPO is Rs 18.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 120 |
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.93 |
| Retail | 3.32 |
| Total | 2.62 |
| Listing Date | September 22, 2022 |
| BSE Script Code | |
| NSE Symbol | TAPIFRUIT |
| ISIN | INE0M7001010 |
| Final Issue Price | ₹48 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹48.00 |
| ₹52.10 |
| ₹49.60 |
| ₹54.70 |
| ₹54.70 |
Tapi Fruit Processing Ltd
Office No. - 212 to 214,
Sunrise Chambers, Near Ashok Colony,
Mini Bazar, Varachha Road, Surat - 395006
Phone: 9825503717
Email: cs@tapifood.com
Website: https://www.tapifood.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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