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Apex Frozen Foods Ltd IPO (AFFL IPO) Details

Apex Frozen Foods Ltd IPO (AFFL IPO) Details:

Apex Frozen Foods Ltd produces and exports aquaculture products. It provides ready-to-cook whiteleg and black tiger shrimps.

The company offers its products to food companies, retail chains, restaurants, club stores, and distributors. It has operations in the United States, the United Kingdom, and various European countries.

The company was founded in 1995 and is based in Kakinada, India.

OBJECTS OF THE ISSUE:

Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:

  1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh (“Project”);
  2. General Corporate purposes.

Apex Frozen Foods Ltd IPO (AFFL IPO) Details:

  1. Issue Open: Aug 22, 2017 – Aug 24, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 8,700,000 Equity Shares of Rs 10 aggregating up to Rs 152.25 Cr
  5. Issue Price: Rs. 171 – Rs. 175 Per Equity Share
  6. Market Lot: 80 Shares
  7. Minimum Order Quantity: 80 Shares
  8. Listing At: BSE, NSE

BOOK RUNNING LEAD MANAGERS Of Apex Frozen Foods Ltd IPO (AFFL IPO):

Karvy Investor Services Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034, Telangana
Tel: +91 40 23428774 Fax: +91 40 23374714
Email: cmg@karvy.com
Investor Grievance Email: igmbd@karvy.com

REGISTRAR TO THE OFFER of Apex Frozen Foods Ltd IPO (AFFL IPO):

Bigshare Services Private Limited
E-2/3, Ansa Industrial Estate,
Saki vihar Road, Sakinaka, Andheri East, Mumbai,
Maharastra-400 072
Tel: +91 -22- 4043 0200 Fax: +91 22 – 2847 5207
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com

Apex Frozen Foods Ltd IPO (AFFL IPO) Draft Red Herring Prospectus (DRHP):

Apex Frozen Foods Ltd (AFFL) IPO Prospectus

Red Herring Prospectus (RHP) Of Apex Frozen Foods Ltd IPO (AFFL IPO):

Apex Frozen Foods Ltd (AFFL) IPO Prospectus

Day Wise Apex Frozen Foods Ltd IPO (AFFL IPO) Subscription Figures:

Apex Frozen Foods Ltd (AFFL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs) 1660000 0.00 0.001.91
Non Institutional Investors (NIIs)1245000 0.180.45 7.82
Retail2905000 0.79 2.90 8.53
Employees400000 0.000.201.10
Total6210000 0.401.466.14

Apex Frozen Foods Ltd IPO (AFFL IPO) Allotment and Listing Dates Schedule:

  • 22/Aug/17 – Bid/Offer Opening Date
  • 24/Aug/17 – Bid/Offer Closing Date
  • 30/Aug/17 – Finalisation of Basis of Allotment
  • 01/Sep/17 – Unblocking of Funds from ASBA Account
  • 01/Sep/17 – Credit of Equity Shares to Demat Account
  • 04/Sep/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Apex Frozen Foods Ltd IPO (AFFL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Apex Frozen Foods Ltd (AFFL) IPO is trading between Rs 22 – Rs 24 per equity share.

How To Check Apex Frozen Foods Ltd IPO (AFFL IPO) Application Status:

To clear that doubt and to check Apex Frozen Foods Ltd (AFFL) IPO application status just use the below links and you can check it as follow:

Check Apex Frozen Foods Ltd (AFFL) IPO Application Status at BSE:  BSE Website

Check Apex Frozen Foods Ltd (AFFL) IPO Application Status at NSE NSE Website

To Check Apex Frozen Foods Ltd (AFFL) IPO Application Status:

  1. Click on Links provided above
  2. Select Apex Frozen Foods Ltd IPO (AFFL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
Apex Frozen Foods Ltd IPO (AFFL IPO) Allotment Status:

To Check Apex Frozen Foods Ltd (AFFL) IPO Allotment Status : Click Here

  1. Select Apex Frozen Foods Ltd IPO (AFFL IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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Au Financiers Ltd (AUFL) IPO also able to list successfully and gave its investors over 51% listing gains.

While Salasar Techno Engineering Ltd IPO (STEL IPO) lists at over 150% gain on first day itself.

Security and Intelligence Services Ltd IPO (SIS IPO) lists at discount. While Cochin Shipyard Ltd IPO (CSL IPO) lists at good premium.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

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1 Comment

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  1. It is 100 percent export oriented unit having nearly 75% from US and rest from other Euro Zone countries. Its Products are Bay fish, Bay Harvest and Bay Premium. It is one of the Integrated producer and exporter of shelf stable quality aquaculture products. AFFL’S Processing Facility mainly at Kakinada, Andhra Pradesh with its Capacity to Process over 9240 MTPA( metric tonnes per annum). Average 3 years RONW IS 26.62 AND Average EPS for last three years is 9.04 thus at issue price of Rs 175 PE works out at 19.35. SO, RONW is 1.37 times that of PE. Likely to command Grey market Premium of Rs 75-80. Or even up to Rs 100.00.

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