|Issue Date||22/08 - 24/08|
|Issue Size||₹152.25 Cr|
|Market Lot||80 Shares|
|Shares on Offer||8,700,000|
|Subject to Sauda||N/A|
Apex Frozen Food is one of the integrated producer and exporter of shelf stable quality aquaculture products. They supply their 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 countries. Their output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by their customers and also through their brands namely Bay fresh, Bay Harvest and BayPremium. They strategically focus on the market of USA, which is the largest importer of aquaculture products in the world (Source- Crisil Report). Their integrated operations comprise of hatchery, farming, pre-processing, processing and exporting of aquaculture products. Their products and processes comply with stringent quality standards set by the developed markets they serve.
The Company operates out of Andhra Pradesh, which is the most favourable state in India for aquaculture business. Their integrated operations span across their hatchery and farming on 1,032 acres of land and currently processing of approximately over 9,240 MTPA of finished products at their facility located at Kakinada. Their facility is approved by the Export Inspection Council for export to all countries excluding Australia and Custom Union. Their facility is also certified with BRC Food Grade, Best Aqua Culture Practices, HACCP and ASC.
For over two decades, their promoters have been associated with aquaculture business in Andhra Pradesh. Their Company leased a shrimp processing facility and commenced operations in the year 1995 after which they set-up their own shrimp processing facility in the year 2004.
They commenced their export business since their inception as a partnership firm in the year 1995. They have grown at a CAGR of 33.53% over the last ftheir 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.
Their 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 their operations, they have their own fleet of vehicles with freezing capabilities.
|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|
|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|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Apex Frozen Foods Ltd IPO IPO will open on 22/08 and close on 24/08.
Apex Frozen Foods Ltd IPO IPO will list on 04/09.
The offer price of Apex Frozen Foods Ltd IPO IPO is ₹171-175.
The lot size of Apex Frozen Foods Ltd IPO IPO is 80.
The Grey Market Premium (GMP) price of Apex Frozen Foods Ltd IPO IPO is ₹24-26.
The Kostak price of Apex Frozen Foods Ltd IPO IPO is Not Available at the moment.
The Subject to Sauda price for Apex Frozen Foods Ltd IPO IPO is Not Available at the moment.
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