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15 Days Price Change

Freshara Agro Export IPO

Closing In

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WEBSITE Inc. Year: 2023 Industry: Agriculture Listed Page

Profile
Issue Size --
Profile
Price Range 110  to  116 per share
Profile
Min Investment ₹116
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, was founded in 2015 and specializes in the procurement, processing, and export of preserved gherkins and other pickled products from India to international markets. The company operates under a contract farming program, sourcing raw produce from local farmers in Tamil Nadu, Karnataka, and parts of Andhra Pradesh. Approximately 70% of the produce is classified as "not ready-to-eat" and is sent directly to factories for processing, while the remaining 30% is supplied to food brokers and traders worldwide. Their product range includes gherkins, baby corn, jalapenos, and various other pickled vegetables. As of March 31, 2024, Freshara processes and exports pickled vegetables in three packaging categories: 1) Industrial packaging using food-grade drums and pails, 2) Food packaging in plastic buckets and tin cans, and 3) Retail packaging in glass jars and tin cans. The company holds several accreditations from prominent organizations, including the Food Safety and Standards Authority of India (FSSAI), the U.S. Food & Drug Administration (FDA), Star-K Kosher, the Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, and the Brand Reputation through Compliance Global Standard (BRCGS). Key competitive advantages include strong relationships with contract farmers and suppliers that ensure raw material availability during off-seasons, an efficient supply chain that fosters long-term customer relationships, stringent quality assurance processes leading to multiple awards and accreditations, advanced in-house processing facilities for cost efficiency, a diverse product portfolio that caters to a global customer base, proven financial performance, and a scalable business model backed by an experienced management team. Read More

Basic Info

Face Value 10 per share

Price 110  to  116 per share

P/E (x) 7.9

Sales( Cr.) 251

PAT( Cr.) 29

EPS 14.6

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Junaid Ahmed Mr. Iqbalahmed Khudrathullah Mohammed Mrs. Asma Syed

Pre Issue Share Holding 37.45%

Post Issue Share Holding 34.37%

Listing Details:

Listing Price: 135

Listing Gain: 14.07%

Current Price: 209.9

Gain On Issue: 209.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 17, 2024
Closing Date Oct 21, 2024
Allotment Oct 22, 2024
Refund Oct 23, 2024
Delivery of Shares Oct 23, 2024
Listing Date Oct 24, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 139,200
Retail (Max) 1 1200 139,200
S-HNI (Min) 2 2400 278,400
S-HNI (Max) 7 8400 974,400
B-HNI (Min) 8 9600 1,113,600

Objective of the Issue

1. To meet the Capital Expenditure 2. Funding the working capital requirements of the company 3. To meet the General Corporate Purposes 4. To meet the Issue Expenses

Issue

Category Nos Bid Bid (x)
QIB 3249600 419913312 129.2x
NII 974880 497783477 510.6x
Retail 2274720 411269376 180.8x
EMP 0 0 0x
Total 6499200 1539010560 236.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Freshara Agro Export Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 71 251
Other Income 2 10
Total Income 73 261
Total Expenditure 59 215
Operating Profit 14 46
Interest 1 6
Depreciation 0 2
Exceptional Income / Expenses 0 0
Profit Before Tax 13 38
Provision for Tax 3 10
Profit After Tax 10 29
Adjustments 0 0
Profit After Adjustments 10 29
Adjusted Earnings Per Share 5.9 12.3

Freshara Agro Export Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 27 128
Minority's Interest 0 0
Borrowings 11 8
Other Non-Current Liabilities 1 2
Total Current Liabilities 127 112
Total Liabilities 167 249
Fixed Assets 22 49
Other Non-Current Assets 7 3
Total Current Assets 137 197
Total Assets 167 249

Freshara Agro Export Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 4
Cash Flow from Operating Activities -98 -0
Cash Flow from Investing Activities -5 -24
Cash Flow from Financing Activities 107 54
Net Cash Inflow / Outflow 4 29
Closing Cash & Cash Equivalent 4 33

Freshara Agro Export Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.86 12.25
CEPS(Rs) 6.01 12.9
DPS(Rs) 0 0
Book NAV/Share(Rs) 15.86 54.33
Core EBITDA Margin(%) 16.81 14.4
EBIT Margin(%) 19.23 17.8
Pre Tax Margin(%) 17.95 15.32
PAT Margin (%) 13.98 11.49
Cash Profit Margin (%) 14.33 12.1
ROA(%) 5.98 13.84
ROE(%) 36.96 37.23
ROCE(%) 10.19 24.97
Receivable days 396.01 117.28
Inventory Days 162.11 61.4
Payable days 171.96 53.8
PER(x) 0 10.09
Price/Book(x) 0 2.28
Dividend Yield(%) 0 0
EV/Net Sales(x) 1.69 1.41
EV/Core EBITDA(x) 8.66 7.64
Net Sales Growth(%) 0 251.64
EBIT Growth(%) 0 225.48
PAT Growth(%) 0 188.82
EPS Growth(%) 0 108.94
Debt/Equity(x) 3.99 0.74
Current Ratio(x) 1.08 1.76
Quick Ratio(x) 0.83 1.29
Interest Cover(x) 15.1 7.2
Total Debt/Mcap(x) 0 0.33

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 254% 0% 0% 0%
Operating Profit CAGR 229% 0% 0% 0%
PAT CAGR 190% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% NA% NA% NA%
ROE Average 37% 37% 37% 37%
ROCE Average 25% 18% 18% 18%

Company Contact Information

Freshara Agro Exports Ltd.

Old No.3, New No.9 Puram Prakasham Road Balaji Nagar, Roya Pettah

IPO Lead Manager(s)

Freshara Agro Exports Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Freshara Agro Exports Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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