Apex Frozen Foods Ltd IPO

Apex Frozen Foods Ltd

Issue Open

Aug 22, 2017

Price Band

₹ 171 - ₹ 175

Issue Size

₹ 152.25 Cr

Credit of Shares to Demat

-

Issue Close

Aug 24, 2017

Bid Lot

80

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

80

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Sep 04, 2017

Refunds

-

About the company:

Introduction: Apex Frozen Foods Ltd  is involved in the manufacturing and export of aquaculture products. Apex frozen caters the need to of european and the american markets through its export partners.

Date of Establishment: Company was incorporated in the year 1995. 

Product & Service Offering: Company's output majorly comprises of variants of processed Vannamei shrimp (White shrimp). The products are sold under the brand names like Bay fresh, Bay Harvest and BayPremium.

 

Customer Segment: The company serves food companies, retail chains, restaurants, club stores and distributors.

Promoters of Apex Frozen Foods Ltd Lombard: The Promoter of the Company are

1. Karuturi Satyanarayana Murthy

2. Karuturi Subrahmanya Chowdary

Objects of the Fresh Issue:The object of the issue is to

  1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MT PA at East Godavari District

  2. General corporate purposes

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Crore)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 257.44 178.79 165.14 140.46 94.35
Total Revenue 709.68 608.27 604.37 514.57 255.48
Profit After Tax 24.93 19.70 18.57 13.42 9.42

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