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

Sep 12, 2022 - Sep 14, 2022

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
31-Mar-20589.181145.69-0.8617.36-7.64
31-Mar-21737.41312.510.0627.422.42
31-Mar-22802.881522.0915.643.0218.02
Amount in ₹ Lakhs

Objects of the Issue

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 Details

Tapi Fruit Processing IPO Date Sep 12, 2022 to Sep 14, 2022
Tapi Fruit Processing IPO Face Value ₹10 per share
Tapi Fruit Processing IPO Price ₹48 per share
Tapi Fruit Processing IPO Lot Size 3000 Shares
Issue Size1,086,000 shares of ₹10
(aggregating up to ₹5.21 Cr)
Fresh Issue1,086,000 shares of ₹10
(aggregating up to ₹5.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

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

Tapi Fruit Processing IPO Timeline (Tentative Timetable)

Tapi Fruit Processing IPO opens on Sep 12, 2022, and closes on Sep 14, 2022. The Tapi Fruit Processing IPO bid date is from Sep 12, 2022 10.00 A.M. to Sep 14, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Tapi Fruit Processing IPO Opening Date Sep 12, 2022
Tapi Fruit Processing IPO Closing Date Sep 14, 2022
Basis of Allotment Sep 19, 2022
Initiation of Refunds Sep 20, 2022
Credit of Shares to Demat Sep 21, 2022
Tapi Fruit Processing IPO Listing Date Sep 22, 2022

Tapi Fruit Processing IPO Lot Size

The Tapi Fruit Processing IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹144,000
Retail (Max) 1 3000 ₹144,000

Tapi Fruit Processing IPO Promoter Holding

Pre Issue Share Holding 99.94%
Post Issue Share Holding

Tapi Fruit Processing IPO Review

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 Sep 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)
NII1.93
Retail3.32
Total2.62

Tapi Fruit Processing IPO Prospectus

Tapi Fruit Processing IPO Rating

103
3.5
Rating:Rated 3.5 stars
Vote Here ...

Tapi Fruit Processing IPO Listing Date

Listing Date Thursday, September 22, 2022
BSE Script Code
NSE Symbol TAPIFRUIT
Listing In ST Group of Securities
ISIN INE0M7001010
IPO Price ₹48 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹48.00
Open: ₹52.10
Low: ₹49.60
High: ₹54.70
Last Trade: ₹54.70

Company Contact Information

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/

Tapi Fruit Processing IPO Registrar

Bigshare Services Pvt Ltd

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

Tapi Fruit Processing IPO Review

Tapi Fruit Processing IPO Recommendation Summary

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Members 1 0 2

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IPO Broker Recommendations

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 Sep 12, 2022, and closes on Sep 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 Sep 12, 2022 and closes on Sep 14, 2022.

Tapi Fruit Processing IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tapi Fruit Processing IPO will be done on Sep 19, 2022, and the allotted shares will be credited to your demat account by Sep 21, 2022. Check the Tapi Fruit Processing IPO allotment status.

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