Apex Frozen Foods IPO
Apex Frozen Foods IPO — date, price band, lot size & details 2017
Apex Frozen Foods listed on 4 Sep 2017 at ₹202, 15.4% above the ₹175 issue price.
Apex Frozen Foods produces and exports farmed shrimp, mainly Whiteleg and Black Tiger, to food companies and retailers in the US, UK and Europe. Its total income was Rs 709.68 crore in FY2017.
Stock price
Apex Frozen Foods is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 22 Aug 2017
- Close 24 Aug 2017
- Allotment 30 Aug 2017
- Refund/credit 01 Sep 2017
- Listing 04 Sep 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 24 Aug, 2017 |
|---|---|
| Price Band | ₹171 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹152.25 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 80 shares at the ₹175 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 604.37 crore in FY2015 to Rs 709.68 crore in FY2017.
- 02Profit after tax rose from Rs 18.57 crore in FY2015 to Rs 24.93 crore in FY2017.
- 03EBITDA rose from Rs 38.18 crore in FY2015 to Rs 55.87 crore in FY2017.
- 04Rs 90.15 crore of the issue was for a new 20,000 MTPA processing unit.
Risks · 5
- 01Total borrowing was Rs 105.70 crore in FY2017, above its net worth of Rs 96.78 crore.
- 02Profit after tax was Rs 24.93 crore on income of Rs 709.68 crore in FY2017, so margins are thin.
- 03Shrimp farming faces disease outbreaks and weather risk; total assets were Rs 257.44 crore.
- 04Exports to the US and Europe bring currency risk and food safety rules; the new unit costs Rs 90.15 crore.
- 05Promoter holding fell from 99.9% before the issue to 72.08% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Apex Frozen Foods offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 257.44 | 178.79 | 165.14 |
| Total Income | 709.68 | 608.27 | 604.37 |
| Profit After Tax | 24.93 | 19.70 | 18.57 |
| EBITDA | 55.87 | 45.53 | 38.18 |
| NET Worth | 96.78 | 75.26 | 55.98 |
| Reserves and Surplus | 72.78 | 51.26 | 31.98 |
| Total Borrowing | 105.70 | 76.08 | 87.08 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹117.09 Cr of the issue is earmarked to named objects.
About the company
It supplies food companies, retail chains, restaurants, club stores and distributors.
It produces two kinds of shrimp, Whiteleg shrimp and Black Tiger shrimp, and sells in the United States, the United Kingdom and European countries.
The IPO was Rs 152.25 crore, with Rs 126.88 crore of fresh issue and Rs 25.38 crore of offer for sale, at Rs 175, the top of the Rs 171 to Rs 175 band. Most of the fresh money was for a new 20,000 MTPA shrimp processing unit in East Godavari, Andhra Pradesh.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Apex Frozen Foods IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Apex Frozen Foods?
The current Grey Market Premium is ₹27.5, or 16% over the issue price.
What is the Apex Frozen Foods IPO price band?
₹171 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 August 2017, with listing on 4 September 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
