Freshara Agro Exports, a notable player in the agricultural export sector, is making waves with its Initial Public Offering (IPO) set for allocation amidst unprecedented demand. With the allotment date approaching and record subscription rates, investor interest is at an all-time high. The anticipation surrounding the IPO highlights the growing appetite for investments in the agribusiness sector as Freshara gears up for its listing.
| I. Allotment Process | II. IPO Details | III. Listing Information | IV. Grey Market Performance | V. Checking Allotment Status Online | VI. Key Players Involved | VII. Conclusion |
|---|
Allotment Process
The **allotment process** for Freshara Agro Exports is set to be finalized on October 22. Following this, shares will be credited to the demat accounts of successful bidders on October 23. For those who do not receive shares, refunds will be processed promptly.
IPO Details
Freshara Agro Exports conducted its IPO between October 17 and October 21, with the company raising approximately ₹75.39 crore through a **fresh issue** of 64.99 lakh shares. The IPO price band was set between **₹110 to ₹116** per share, reflecting a strategic pricing aimed at maximizing investor interest.
This IPO has witnessed an overwhelming subscription rate of **236.80 times**, broken down into the following categories:
| Category | Subscription Rate |
|---|---|
| Retail Investors | 180.80 times |
| Qualified Institutional Buyers (QIB) | 129.22 times |
| Non-Institutional Investors (NII) | 510.61 times |
Listing Information
Following the allotment, Freshara Agro Exports is expected to list its shares on the **NSE SME platform** on October 24. This strategic move is anticipated to enhance liquidity and visibility in the market.
Grey Market Performance
The shares of Freshara Agro Exports are currently attracting significant attention in the **grey market**, boasting a grey market premium (GMP) of **₹105 per share**. Based on this premium, the expected listing price could be around **₹221**, indicating a remarkable premium of approximately 90.52% over the upper end of the IPO price band.
Checking Allotment Status Online
Investors eager to check their allotment status can follow these simple steps:
- Visit the IPO registrar’s webpage.
- Select ‘Freshara Agro Exports Limited’ from the dropdown menu.
- Enter your **application number** or **PAN**.
- Click ‘Search’ to view your allotment status.
Key Players Involved
GYR Capital Advisors Private Limited is serving as the lead manager for this IPO, offering expertise in navigating the complexities of the public offering process. Purva Sharegistry India Pvt Ltd is functioning as the registrar, ensuring a smooth allotment and refund process for investors.
Conclusion
As Freshara Agro Exports gears up for what is expected to be a successful IPO, investors are encouraged to monitor their allotment status closely and stay informed about market developments. The overwhelming demand and strong grey market performance are positive indicators of the company’s potential for growth and investor interest.
FAQ
Q: When is the Freshara Agro Exports IPO allotment date?
A: The allotment date is set for October 22.
Q: What is the expected listing date for Freshara Agro Exports shares?
A: The shares are expected to be listed on the NSE SME platform on October 24.
Q: How can I check the allotment status of my application?
A: Investors can check their status by visiting the IPO registrar’s webpage and following the specified steps.
