Bookbuilding IPO | ₹152 Cr | Listed at BSE, NSE | Tue, Aug 22, 2017 - Thu, Aug 24, 2017
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 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,000 (80 shares) (based on upper price). 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 Open
Tue, Aug 22, 2017
IPO Close
Thu, Aug 24, 2017
Issue Price
₹175 per share
Market Cap (Pre-IPO)
₹546.88 Cr
| IPO Date | 22 to 24 Aug, 2017 |
| Listed on | Mon, Sep 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹175 |
| Issue Price | ₹175 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 87,00,000 shares (agg. up to ₹152 Cr) |
| Fresh Issue | 72,50,000 shares (agg. up to ₹127 Cr) |
| Offer for Sale | 14,50,000 shares of ₹10 (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 2,40,00,000 shares |
| Share Holding Post Issue | 3,12,50,000 shares |
| BSE Script Code / NSE Symbol | 540692 / APEX |
| ISIN | INE346W01013 |
Apex Frozen Foods IPO comprises a total issue size of 87,00,000 shares. The net offer to the public is 83,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 41,50,000 (50.00%) are allocated to QIB, 12,45,000 (15.00%) allocated to NII 29,05,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 41,50,000 | 50.00% | 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 | 15.00% | 14.31% | NA |
| Retail Shares Offered | 29,05,000 | 35.00% | 33.39% | 36,312 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,00,000 | 4.60% | NA | |
| Total Shares Offered | 87,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| 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 |
Apex Frozen Foods IPO raises ₹43.58 crore from anchor investors. Apex Frozen Foods IPO Anchor bid date is August 21, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Aug 21, 2017 |
| Shares Offered | 24,90,000 |
| Anchor Portion (₹ Cr.) | 43.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 29, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 28, 2017 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Apex Frozen Foods IPO is subscribed 6.14 times on August 24, 2017 5:00:00 PM (Day 3). The public issue subscribed 8.53 times in the retail category, 1.91 times in the QIB category, and 7.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.91 | 16,60,000 | 31,78,400 |
| NII | 7.82 | 12,45,000 | 97,32,400 |
| Retail | 8.53 | 29,05,000 | 2,47,86,480 |
| Employee | 1.1 | 4,00,000 | 4,40,320 |
| Total | 6.14 | 62,10,000 | 3,81,37,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commission (including underwriting commission, brokerage and selling commission) | 4.57 |
| 2 | Commission and processing fees for SCSBs | 0.22 |
| 3 | Brokerage and selling commission for Registered Brokers, RTAs and CDPs | 0.52 |
| 4 | Registrar to the Issue | 0.16 |
| 5 | Other advisers to the Issue | 1.50 |
| 6 | Monitoring Agency | 0.04 |
| 7 | Others | |
| 8 | Listing fees, SEBI filing fees, book building software fees | 0.58 |
| 9 | Printing and stationary expenses; | 1.31 |
| 10 | Advertising and marketing; and | 0.76 |
| 11 | Miscellaneous. | 0.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹175.00 | ₹175.00 |
| Open | ₹199.90 | ₹202.00 |
| Low | ₹195.00 | ₹202.00 |
| High | ₹209.85 | ₹212.10 |
| Last Trade | ₹209.85 | ₹212.10 |
Lead Manager Reports
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 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 80.
The IPO opens on Tue, Aug 22, 2017, and closes on Thu, Aug 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 Tue, Aug 22, 2017 and closes on Thu, Aug 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 Fri, Sep 1, 2017. Check the Apex Frozen Foods IPO allotment status.
The Apex Frozen Foods IPO listing date is on Mon, Sep 4, 2017.
