Apex Frozen Foods Limited; one of the integrated producer and exporter of shelf stable quality aquaculture products.
It supplies 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.
Company currently operates out of Andhra Pradesh, which is the most favourable state in India for aquaculture business.Operate 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.
Company have 9,240 MTPA capacity to process approximately finished products and an additional pre-processing and processing arrangement at a facility owned by Royal 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.
|APEX FROZEN FOODS LIMITED IPO details|
|Subscription Dates||22-24 Aug 2017|
|Price Band||171-175 RS|
|Issue Size||8,700,000 Equity Shares (Rs 152.25 Cr )|
|Issue Type||Book Built Issue IPO|
|Minimum bid (lot size)||Bid Lot 80 Equity Shares and in multiples thereafter|
|Listing On||NSE ,BSE|
|Face Value||INR10 per share|
|Retail Allocation||35% (29,05,000 Shares)|
|NIB||15% (12,45,000 Shares)|
|QIB||50% (41,50,000 Shares)|
|Apex Frozen Foods’ financial performance (in INR crore)|
|Profit after tax||9.4||13.4||18.4||19.3||24.4|
|Net margin (%)||3.7||2.6||3.0||3.2||3.4|
GMP of Apex Frozen Foods
Apex Frozen Foods will be listed on T Group of NSE and BSE Market we are Recommend “NOT Subscribe” this IPO Because high Amount and low level GMP. Kostak Given 20-25 Rs GMP on Issue price. Company majorly working on Import and Export SEA Foods.
Promoters of Apex Frozen Foods
- Karuturi Satyanarayana Murthy
- R Karuna
- P Srinivas
- Bharath Sea Foods
Register of Apex Frozen Foods
Fax: 91-22-2847 5207