Apex Frozen Foods IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 22/08 - 24/08
Issue Size ₹152.25 Cr
Issue Price ₹171-175
Market Lot 80 Shares
Shares on Offer 8,700,000
Registrar
GMP ₹24-26
Kostak N/A
Subject to Sauda N/A
Listing Date 04/09
Listing Price ₹202
Listing Gain% 15.43

About Apex Frozen Foods Ltd IPO

Apex Frozen Food is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countriesOur output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium. We strategically focus on the market of USA, which is the largest importer of aquaculture products in the world (Source- Crisil Report). Our integrated operations comprise of hatchery, farming, pre-processing, processing and exporting of aquaculture products. Our products and processes comply with stringent quality standards set by the developed markets we serve.

The Company operates out of Andhra Pradesh, which is the most favourable state in India for aquaculture business. Our integrated operations span across our hatchery and farming on 1,032 acres of land and currently processing of approximately over 9,240 MTPA of finished products at our facility located at Kakinada. Our facility is approved by the Export Inspection Council for export to all countries excluding Australia and Custom Union. Our facility is also certified with BRC Food Grade, Best Aqua Culture Practices, HACCP and ASC.

For over two decades, our promoters have been associated with aquaculture business in Andhra Pradesh. Our Company leased a shrimp processing facility and commenced operations in the year 1995 after which we set-up our own shrimp processing facility in the year 2004.

We commenced our export business since our inception as a partnership firm in the year 1995. We have grown at a CAGR of 33.53% over the last four years aided by rising demand for aquaculture products globally especially from USA and European Union, favourable state policies, and shifting of seafood processing activities by south-east Asian countries to India.

Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional pre-processing and processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla. Along with this, to further assuage our operations, we have our own fleet of vehicles with freezing capabilities.

Company Financials

Particulars 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets (In ₹ Millions) 257.44 178.79 165.14 140.46 94.35
Total Revenue (In ₹ Millions) 709.68 608.27 604.37 514.57 255.48
Profit After Tax (PAT) (In ₹ Millions) 24.93 19.70 18.57 13.42 9.42

Apex Frozen Foods Ltd IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • We do not recommend subscription of Apex Frozen Food IPO.
  • The Grey Market Premium(GMP) of Apex Frozen Food IPO is Rs.24-26

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Aug 22,2017 0.00 0.18 0.79 0.40
Day 2 - Aug 23,2017 0.00 0.45 2.90 1.46
Day 3 - Aug 24,2017 1.91 7.82 8.53 6.14

Allotment Status

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IPO Allotment Status

Apex Frozen Foods Ltd IPO IPO FAQs

  1. When will Apex Frozen Foods Ltd IPO IPO open?

    Apex Frozen Foods Ltd IPO IPO will open on 22/08 and close on 24/08.

  2. What is the listing date of Apex Frozen Foods Ltd IPO IPO?

    Apex Frozen Foods Ltd IPO IPO will list on 04/09.

  3. What is the offer price of Apex Frozen Foods Ltd IPO IPO?

    The offer price of Apex Frozen Foods Ltd IPO IPO is ₹171-175.

  4. What is the lot size of Apex Frozen Foods Ltd IPO IPO?

    The lot size of Apex Frozen Foods Ltd IPO IPO is 80.

  5. What is the Grey Market Premium (GMP) price of Apex Frozen Foods Ltd IPO IPO?

    The Grey Market Premium (GMP) price of Apex Frozen Foods Ltd IPO IPO is ₹24-26.

  6. What is the Kostak price of Apex Frozen Foods Ltd IPO IPO?

    The Kostak price of Apex Frozen Foods Ltd IPO IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Apex Frozen Foods Ltd IPO IPO?

    The Subject to Sauda price for Apex Frozen Foods Ltd IPO IPO is Not Available at the moment.

Apex Frozen Foods Ltd IPO IPO Review/Comments

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