Apex Frozen Foods IPO
Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. They 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 countries. The output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by their customers and also through they own brands namely Bay fresh, Bay Harvest and BayPremium.
The processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional non-exclusive 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. Further, the Company has entered into an addendum to lease agreement dated April 09, 2017 with Royale Marine Impex Private Limited for an additional processing capacity of 3000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla. Along with this, to further assuage of operations, They have own fleet of vehicles with freezing capabilities.
Promoters of Apex Frozen Foods – Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary
| Apex Frozen Foods IPO details | |
| Subscription Dates | 22 – 24 August 2017 |
| Price Band | INR 171 – 175 per share |
| Fresh issue | 7,250,000 shares (INR 123.97 – 126.87 crore) |
| Offer For Sale | 1,450,000 shares (INR 24.80 -25.38 crore) |
| Total IPO size | 8,700,000 shares (INR 148.77 – 152.25 crore) |
| Minimum bid (lot size) | 80 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Tentative timetable in respect of the Offer:
|
Please contact us today for application at 033 40266300
Follow us :
