Business Standard

Apex Frozen Foods Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

152.25 cr

Price Range (₹)

175

Lot Size

80

Min Investment (₹)

14,000.00

Listing Exchange

MumbaiNSE

Open Date

22-Aug-2017

Close Date

24-Aug-2017

Listing Date

04-Sept-2017

Apex Frozen Foods Ltd News

    The Shares of Apex Frozen Foods Ltd have now been listed.

    Apex Frozen Foods Ltd IPO Details

    Public issue of up to 8,700,000 equity shares of face value alue of Rs. 10 each (the equity shares) of Apex Frozen Foods limited (the company or issuer) for cash at a price of Rs. 175 per equity share (including a share premium of Rs. 165 per equity share) aggregating up to Rs. 152.25 Crores (the issue) comprising of a fresh issue of 7,250,000 equity shares by the company aggregating to Rs. 126.88 crores (the fresh issue) and an offer for sale of 725,000 equity shares by karuturi satyanarayana murthy referredto as the promoter selling shareholder) and 725,000 equity shares by karuturi padmavathi (referred to as (the promoter group selling shareholder) (together referred to as the selling shareholders) aggregating to Rs. 2.54 crores (offer for sale). The issue includes a reservation of 400,000 equity shares, aggregating to Rs. 7 crores, for subscriptionby eligible employees (as defined herein) not exceeding 5% of the post-issue paid up equity share capital (the employee Reservation portion). The issue less the employee reservation is hereinafter referred to as the net issue. The issue would constitute 27.84 %, of the post-issue paid-up equity share capital and the net issue to the public would constitute 26.56% of the post-issue paid-up share capital.The issue price: Rs. 175 per equity share of face value of Rs.10 each.The issue price is 17.5 times of the face value.

    Objective of issue

    Setting up a new Shrimp Processing unit with a proposed capacity of 20,000 MTPA. General corporate purposes.

    Apex Frozen Foods Ltd Contact Details

    Apex Frozen Foods Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - cs@apexfrozenfoods.com

    Website - www.apexfrozenfoods.in