Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Neufresh Foods Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. GYR Capital Advisors Pvt.Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 17, 2024 |
| Offer document returned | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Established in February 2011, Neufresh Foods Limited is a manufacturer and exporter of frozen food products, including fruits, vegetables, parathas, canned foods, and pulps. Their brands include: i-Freeze, Snacky's, and Solitaire's Shagun.
The company caters to a wide range of business channels, including quick-service restaurants, hotels, full-service restaurants, transportation, healthcare, catering contractors, and food service wholesalers.
Neufresh Foods offers a wide range of products, including:
The company is an integrated frozen food processor serving QSRs, CDRs, industrial caterers, and the HoReCa segment while also entering modern trade, general trade, and e-commerce markets.
The Company is actively involved in the direct export of frozen food products to various international markets, including Mauritius and Nepal. Additionally, It engage in indirect export through partnerships with third-party customers.
All products are made at the company's facility in Kashipur, Uttarakhand, covering 0.8094 hectares, ensuring effective oversight and consistent quality.
The company sells its products through a network that includes mid-segment and standalone QSR brands, industrial caterers, and HORECA customers.
As of December 2024, the company had 16 employees on its payroll.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 37.42 | 33.08 | 29.69 | 30.78 |
| Total Income | 21.44 | 39.40 | 41.91 | 34.05 |
| Profit After Tax | 0.76 | 1.22 | 0.51 | 0.45 |
| NET Worth | 10.44 | 6.85 | 5.63 | 5.12 |
| Reserves and Surplus | 5.60 | 6.61 | 5.39 | 4.88 |
| Total Borrowing | 23.72 | 22.98 | 21.34 | 20.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | 7.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 19.57% |
| ROCE | 11.42% |
| Debt/Equity | 3.36 |
| RoNW | 17.83% |
| PAT Margin | 4.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.15% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | |
| 2 | Advertising and Marketing Expenses | |
| 3 | Fees payable to the stock exchange(s) | |
| 4 | Printing & Stationery, Distribution, Postage, etc. | |
| 5 | Brokerage and selling commission |
Lead Manager Reports
Neufresh Foods IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Neufresh Foods IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Neufresh Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Neufresh Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Neufresh Foods IPO through Zerodha
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The Neufresh Foods IPO dates are not announced. Please check back again after some time.
Neufresh Foods IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Neufresh 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 Neufresh Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Neufresh Foods IPO allotment status.
The Neufresh Foods IPO listing date is not yet announced. The tentative date of listing is .
