Apex Frozen Foods Limited IPO Details,Allotment,Review & GMP

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apex frozen foods ipo
apex frozen foods ipo

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.

Check :- एपीक्स फ्रोजन लिमिटेड आईपीओ के लिए सेबी की मंजूरी मिली..!

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)
Employee 4,00,000 Shares

 

                                   Apex Frozen Foods’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 255.5 514.6 604.4 608.3 709.7
Total expenses 241.2 494.2 576.2 578.1 671.3
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

 

Apex Frozen Foods’s Allotment Status & Listing details
Listing Date 4 September 2017
Allotment Date 30 August 2017
Refund Date 31 August 2017
Check Allotment Status: Click here-1 | Click here -2 |  Click here -3

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

  1. Karuturi Satyanarayana Murthy
  2. R Karuna
  3. P Srinivas
  4. Bharath Sea Foods

Register of Apex Frozen Foods

Bigshare Services Pvt Ltd
E-2 & 3,Ansa Industrial Estate,
Saki-Vihar Road,Sakinaka,
Andheri(E),Mumbai – 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email:[email protected]
Website: http://www.bigshareonline.com

Contact Details of Apex Frozen Foods

Address :- 3-160, Panasapadu,
                Kakinada,
                East Godavari 533 005,
                Andhra Pradesh, India.
Tel : +91 884 2383902/03/04
Fax: +91 884 2383 905/906
Email: [email protected]
Website: www.apexfrozenfoods.in

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