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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 ₹48.00 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). The minimum lot size investment for 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 Date | September 12, 2022 to September 14, 2022 |
| Listing Date | September 22, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹48 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,86,000 shares (aggregating up to ₹5.21 Cr) |
| Reserved for Market Maker | 60,000 shares Pure Broking Pvt.Ltd. (aggregating up to ₹0.2880 Cr) |
| Net Offered to Public | 10,26,000 shares (aggregating up to ₹4.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 28,27,500 shares |
| Share Holding Post Issue | 39,13,500 shares |
Tapi Fruit Processing IPO offers total 10,86,000 shares. Out of which 5,13,000 (47.24%) allocated to NII, 5,13,000 (47.24%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.52%) |
| NII (HNI) Shares Offered | 5,13,000 (47.24%) |
| Retail Shares Offered | 5,13,000 (47.24%) |
| Total Shares Offered | 10,86,000 (100.00%) |
Tapi Fruit Processing IPO opens on September 12, 2022, and closes on September 14, 2022.
| IPO Open Date | Mon, Sep 12, 2022 |
| IPO Close Date | Wed, Sep 14, 2022 |
| Tentative Allotment | Mon, Sep 19, 2022 |
| Initiation of Refunds | Tue, Sep 20, 2022 |
| Credit of Shares to Demat | Wed, Sep 21, 2022 |
| Tentative Listing Date | Thu, Sep 22, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 14, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,44,000 |
| Retail (Max) | 1 | 3,000 | ₹1,44,000 |
| HNI (Min) | 2 | 6,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 589.18 | 1145.69 | -0.86 | 17.36 | -7.64 |
| 31-Mar-21 | 737.4 | 1312.5 | 10.06 | 27.42 | 2.42 |
| 31-Mar-22 | 802.88 | 1522.09 | 15.6 | 43.02 | 18.02 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Tapi Fruit Processing IPO is ₹18.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 120 |
The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:
1. Meeting incremental working capital requirements
2. Repayment / prepayment of certain borrowings availed by the Company
3. General corporate purposes
[Dilip Davda] The company has posted average financial performance with pressure on margins. Based on its FY22 earnings, the issue is exorbitantly priced. Higher issue expenses show funding arrangements ahead of IPO. A lower equity capital base post IPO indicates a longer gestation period for migration. There is no harm in giving this pricy issue a - MISS. Read detail review...
| Listing Date | September 22, 2022 |
| BSE Script Code | |
| NSE Symbol | TAPIFRUIT |
| ISIN | INE0M7001010 |
| Final Issue Price | ₹48 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹48.00 |
| Open | ₹52.10 |
| Low | ₹49.60 |
| High | ₹54.70 |
| Last Trade | ₹54.70 |
Tapi Fruit Processing Ltd.
Office No. - 212 to 214,
Sunrise Chambers, Near Ashok Colony,
Mini Bazar, Varachha Road,
Surat, Gujarat, 395006
Phone: 9825503717
Email: cs@tapifood.com
Website: https://www.tapifood.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tapi Fruit Processing IPO is a SME IPO of 10,86,000 equity shares of the face value of ₹10 aggregating up to ₹5.21 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on September 12, 2022, and closes on September 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 September 12, 2022 and closes on September 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 Wednesday, September 21, 2022. Check the Tapi Fruit Processing IPO allotment status.
The Tapi Fruit Processing IPO listing date is on Thursday, September 22, 2022.
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