Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Mon, Sep 12, 2022 - Wed, Sep 14, 2022
Tapi Fruit Processing IPO is a fixed price issue of ₹5.21 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹5.21 crore.
Tapi Fruit Processing IPO bidding started from Sep 12, 2022 and ended on Sep 14, 2022. The allotment for Tapi Fruit Processing IPO was finalized on Sep 19, 2022. The shares got listed on NSE SME on Sep 22, 2022.
Tapi Fruit Processing IPO price is ₹48 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,88,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pure Broking Pvt.Ltd..
Refer to Tapi Fruit Processing IPO RHP for detailed Information.
IPO Open
Mon, Sep 12, 2022
IPO Close
Wed, Sep 14, 2022
Issue Price
₹48 per share
Market Cap (Pre-IPO)
₹18.79 Cr
| IPO Date | 12 to 14 Sep, 2022 |
| Listed on | Thu, Sep 22, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹48 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 10,86,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 60,000 shares Pure Broking Pvt.Ltd. (agg. up to ₹0.2880 Cr) |
| Fresh Issue (Ex Market Maker) | 10,26,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,26,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 28,27,500 shares |
| Share Holding Post Issue | 39,13,500 shares |
| NSE Symbol | TAPIFRUIT |
| ISIN | INE0M7001010 |
Tapi Fruit Processing IPO comprises a total issue size of 10,86,000 shares. The net offer to the public is 10,26,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,13,000 (50.00%) allocated to NII 5,13,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,13,000 | 50.00% | 47.24% |
| Retail Shares Offered | 5,13,000 | 50.00% | 47.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.52% | |
| Total Shares Offered | 10,86,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,44,000 |
| Retail (Max) | 1 | 3,000 | ₹1,44,000 |
| HNI (Min) | 2 | 6,000 | ₹2,88,000 |
Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.
The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).
The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.
Strengths :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 8.03 | 7.37 | 5.89 |
| Total Income | 15.22 | 13.13 | 11.46 |
| Profit After Tax | 0.16 | 0.10 | -0.01 |
| NET Worth | 0.43 | 0.27 | 0.17 |
| Reserves and Surplus | 0.18 | 0.02 | -0.08 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 1.97 |
| 2 | Repayment / prepayment of certain borrowings availed by our Company | 1.35 |
| 3 | General corporate purposes | 1.15 |
| KPI | |
|---|---|
| Debt/Equity | 12.40 |
| RoNW | 36.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.24 | |
| P/E (x) | 120 | |
| Promoter Holding | 99.94% | |
| Market Cap | ₹18.79 Cr. |
The Tapi Fruit Processing IPO is subscribed 2.62 times on September 14, 2022 7:00:00 PM (Day 3). The public issue subscribed 3.32 times in the retail category, [.] times in the QIB category, and 1.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.93 | 5,13,000 | 9,90,000 |
| Retail | 3.32 | 5,13,000 | 17,01,000 |
| Total | 2.62 | 10,26,000 | 26,91,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.15 |
| 2 | Brokerage, selling commission and upload fees | 0.15 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.04 |
| 6 | Regulators including stock exchanges | 0.13 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (to be specified) | 0.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹48.00 |
| Open | ₹52.10 |
| Low | ₹49.60 |
| High | ₹54.70 |
| Last Trade | ₹54.70 |
Lead Manager Reports
Tapi Fruit Processing IPO is a SME IPO of 10,86,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 12, 2022, and closes on Wed, Sep 14, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tapi Fruit Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Tapi Fruit Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tapi Fruit Processing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tapi Fruit Processing IPO opens on Mon, Sep 12, 2022 and closes on Wed, Sep 14, 2022.
Tapi Fruit Processing IPO lot size is 3000, and the minimum amount required for application is ₹1,44,000.
You can apply in Tapi Fruit Processing 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 Tapi Fruit Processing IPO will be done on Monday, September 19, 2022, and the allotted shares will be credited to your demat account by Wed, Sep 21, 2022. Check the Tapi Fruit Processing IPO allotment status.
The Tapi Fruit Processing IPO listing date is on Thu, Sep 22, 2022.
