Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
SuriFresh Extract Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on March 12, 2025.
SuriFresh Extract Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the BSE SME. Narnolia Financial Services Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Dec 14, 2024 |
| Offer document withdrawn | Wed, Mar 12, 2025 |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 |
Incorporated in 2018, Surifresh Extract Limited specializes in the distribution, import, and manufacturing of premium fresh produce, with a focus on cold-pressed juices and culinary dips. This compay specialixes in India's fruit industry.
The company manufactures juices under its brand, provides contract manufacturing for other juice and specialty beverage brands, and trades in both domestic and imported fresh fruits.
The company specializes in wholesale fruit trading, leveraging 30 years of experience to provide fresh, high-quality fruits, sourcing both domestically and internationally from countries like New Zealand, the USA, and Turkey.
Business Segment:
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 60.92 | 44.69 | 51.48 | 9.72 |
| Total Income | 56.20 | 78.35 | 61.94 | 0.28 |
| Profit After Tax | 3.93 | 7.06 | -0.24 | -0.50 |
| NET Worth | 20.65 | 14.72 | 7.66 | 1.46 |
| Reserves and Surplus | 11.83 | 6.15 | -0.91 | -0.67 |
| Total Borrowing | 21.20 | 23.21 | 27.22 | 6.87 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure Requirement | 18.99 |
| 2 | Working Capital Requirement | 23.50 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 47.98% |
| ROCE | 29.71% |
| Debt/Equity | 1.58 |
| RoNW | 47.98% |
| PAT Margin | 9.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.09% | 71.54% |
Lead Manager Reports
SuriFresh Extract IPO is a SME IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The SuriFresh Extract IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SuriFresh Extract IPO using UPI as a payment gateway. Zerodha customers can apply in SuriFresh Extract IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SuriFresh Extract IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SuriFresh Extract IPO dates are not announced. Please check back again after some time.
SuriFresh Extract IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in SuriFresh Extract 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 SuriFresh Extract IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SuriFresh Extract IPO allotment status.
The SuriFresh Extract IPO listing date is not yet announced. The tentative date of listing is .
