Freshara Agro Exports Limited has launched its Initial Public Offering (IPO), which opened for subscription on October 17, 2024, and closed on October 21, 2024. This IPO consists of a fresh issue worth ₹75.39 crores, with a price band set between ₹110 and ₹116 per share. Investors need to purchase a minimum lot size of 1,200 shares, requiring a minimum investment of ₹1,39,200 for retail investors. Currently, the freshara ipo subscription status shows robust interest, with an overall subscription rate of 12.31 times. The shares are expected to list on the NSE SME on October 24, 2024.
IPO Details
Key Information
- Open Date: October 17, 2024
- Close Date: October 21, 2024
- Listing Date: October 24, 2024
- Price Band: ₹110 – ₹116
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,39,200
Subscription Status
- Overall Subscription Rate: 12.31 times
- Qualified Institutional Buyers (QIB): 3.51 times
- Non-Institutional Investors (NII): 11.23 times
- Retail Investors: 17.80 times
The freshara ipo subscription status indicates significant interest across all investor categories, especially retail investors, who have subscribed 17.80 times. This high subscription rate suggests strong demand for the shares, which could lead to a favorable response upon listing.
Company Overview
Freshara Agro Exports specializes in exporting agricultural products and occupies a unique position in the market. With no directly comparable listed companies in India, it aims to enhance its export capabilities and expand its product offerings. This specialization positions the company well for growth in the agricultural sector.
Grey Market Premium (GMP)
Currently, the freshara ipo gmp is not explicitly stated, but it is anticipated to be positive, given the strong freshara agro exports ipo subscription status. A positive GMP typically indicates strong market sentiment ahead of the IPO listing. Investors should keep an eye on the freshara agro exports limited ipo gmp as it may provide insights into expected listing performance.
How to Check Allotment Status
Investors can check their freshara ipo allotment status by visiting the Purva Share Registry website or the BSE/NSE websites. Here’s how you can check your allotment status:
Steps to Check Allotment Status:
- Visit the Purva Share Registry or BSE/NSE website.
- Select “Freshara Agro Exports” from the dropdown menu.
- Enter your application number or PAN ID.
- Submit the information to view your allotment status.
This straightforward process will help you confirm whether you’ve been allotted shares in this promising IPO.
Investment Outlook
The high subscription rates reflect strong investor confidence in Freshara Agro Exports’ growth potential in the agricultural export sector. Given the increasing global demand for agricultural products, this IPO could be an attractive investment opportunity. The freshara agro exports ipo review highlights the company’s strategic positioning and growth prospects.
The positive freshara ipo review indicates that investors are optimistic about the company’s future. With the agricultural market expanding, Freshara Agro Exports is well-placed to capitalize on these trends.
Conclusion
Freshara Agro Exports Limited’s IPO presents a promising investment opportunity in a growing sector. The solid demand reflected in the freshara ipo subscription status and the anticipated freshara ipo gmp highlight its attractiveness for potential investors.
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