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Apex Frozen Foods IPO is a book build issue of ₹152.25 crores. The issue is a combination of fresh issue of 0.73 crore shares aggregating to ₹126.88 crores and offer for sale of 0.15 crore shares aggregating to ₹25.38 crores.
Apex Frozen Foods IPO bidding started from Aug 22, 2017 and ended on Aug 24, 2017. The allotment for Apex Frozen Foods IPO was finalized on Aug 30, 2017. The shares got listed on BSE, NSE on Sep 4, 2017.
Apex Frozen Foods IPO price band is set at ₹175.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹13,680 (80 shares). The lot size investment for sNII is 15 lots (1,200 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (5,760 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 4,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Karvy Investor Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Apex Frozen Foods IPO RHP for detailed Information.
| IPO Date | August 22, 2017 to August 24, 2017 |
| Listing Date | September 4, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹171 to ₹175 per share |
| Issue Price Final | ₹175 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 87,00,000 shares (aggregating up to ₹152.25 Cr) |
| Fresh Issue | 72,50,000 shares (aggregating up to ₹126.88 Cr) |
| Offer for Sale | 14,50,000 shares of ₹10 (aggregating up to ₹25.38 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,40,00,000 shares |
| Share Holding Post Issue | 3,12,50,000 shares |
Apex Frozen Foods IPO offers total 87,00,000 shares. Out of which 41,50,000 (47.70%) allocated to QIB, 16,60,000 (19.08%) allocated to QIB, 12,45,000 (14.31%) allocated to NII, 29,05,000 (33.39%) allocated to RII and 24,90,000 (28.62%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 41,50,000 (47.70%) | NA |
| − Anchor Investor Shares Offered | 24,90,000 (28.62%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 16,60,000 (19.08%) | NA |
| NII (HNI) Shares Offered | 12,45,000 (14.31%) | NA |
| Retail Shares Offered | 29,05,000 (33.39%) | 36,312 |
| Employee Shares Offered | 4,00,000 (4.60%) | NA |
| Total Shares Offered | 87,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Apex Frozen Foods IPO opens on August 22, 2017, and closes on August 24, 2017.
| IPO Open Date | Tue, Aug 22, 2017 |
| IPO Close Date | Thu, Aug 24, 2017 |
| Tentative Allotment | Wed, Aug 30, 2017 |
| Initiation of Refunds | Fri, Sep 1, 2017 |
| Credit of Shares to Demat | Fri, Sep 1, 2017 |
| Tentative Listing Date | Mon, Sep 4, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 24, 2017 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,000 |
| Retail (Max) | 14 | 1,120 | ₹1,96,000 |
| S-HNI (Min) | 15 | 1,200 | ₹2,10,000 |
| S-HNI (Max) | 71 | 5,680 | ₹9,94,000 |
| B-HNI (Min) | 72 | 5,760 | ₹10,08,000 |
Incorporated in 1995, Apex Frozen Foods Limited is in the business of produces and exports aquaculture products. They supply their products to food companies, retail chains, restaurants, club stores and distributors. Apex produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon).
They have operations in the United States, United Kingdom and various European countries. Company's output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands namely Bay fresh, Bay Harvest and BayPremium.
| 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 | |
The Company Apex Frozen Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up a new Shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh; | 90.15 |
| 2 | General corporate purposes | 26.94 |
[Dilip Davda] This issue being under Rs. 250 crore will get listed in "T" group for initial period eliminating speculative aspect. Certain class of investors has reservations against investments in such issue. However, looking at company's financials and expansion plans, investors may consider investment for medium to long term. Read detail review...
| Listing Date | September 4, 2017 |
| BSE Script Code | 540692 |
| NSE Symbol | APEX |
| ISIN | INE346W01013 |
| Final Issue Price | ₹175 per share |
| BSE Listing Group | T |
Apex Frozen Foods Ltd.
3-160, Panasapadu,
Kakinada,
East Godavari - 533 005
East Godavari, Andhra Pradesh
Phone: +91 884 2383 902/03/04
Email: cs@apexfrozenfoods.com
Website: http://www.apexfrozenfoods.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Apex Frozen Foods IPO is a main-board IPO of 87,00,000 equity shares of the face value of ₹10 aggregating up to ₹152.25 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 80.
The IPO opens on August 22, 2017, and closes on August 24, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Apex Frozen Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Apex Frozen Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Apex Frozen Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Apex Frozen Foods IPO opens on August 22, 2017 and closes on August 24, 2017.
Apex Frozen Foods IPO lot size is 80, and the minimum amount required for application is ₹14,000.
You can apply in Apex Frozen Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Apex Frozen Foods IPO will be done on Wednesday, August 30, 2017, and the allotted shares will be credited to your demat account by Friday, September 1, 2017. Check the Apex Frozen Foods IPO allotment status.
The Apex Frozen Foods IPO listing date is on Monday, September 4, 2017.
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