Freshara Agro Exports IPO offers 64,99,200 shares worth INR 75.31 crores to meet capital expenditure, working capital needs, and general corporate purposes.
Open Date : October 17, 2024 Close Date : October 21, 2024 Allotment Date: October 22, 2024 Listing Date: October 24, 2024
IPO Price: INR 110-116 per share Lot Size: 1200 Shares Total Issue Size: INR 75.39 crores
Freshara Agro IPO shows mixed performance: 1. Strong growth in revenue, profitability, and equity. 2. Attractive investment option. 3. High debt-equity ratio is a concern. 4. Assess risk tolerance regarding leverage.
1. Freshara Agro Exports Limited lacks a directly comparable listed company in terms of its business model, size, and financials.
Freshara Agro IPO Objective: 1. ₹8.79cr for capital expenditure on machinery & ₹56cr for working capital. 2. Remaining funds for general corporate purposes, including operating expenses & business development.
Freshara Agro IPO Risks: 1. Freshara Agro revenue is 85% from gherkins, exposing it to demand & supply chain risks. 2. High debt-to-equity ratio & rising interest rates may affect profitability. 3. Labor issues could impact operations and cash flow.