-----------------------------------------------------------------------------------------------------------------------
Apex Frozen Foods
listed on NSE at Rs 202 per share, at a premium of Rs 27 per share or
15.4% as compared to its issue price of Rs 175 per share. The stock got
locked in its upper circuit at the time of listing. The stock has admitted to dealings on the exchange in the list of ‘T’
group securities. The ‘T’ group represents securities which are settled
on a trade-to-trade basis as a surveillance measure.
The IPO had got oversubscribed by 6.04 times on the last day of subscription as of 1730 hours, as per the data available with NSE on August 24. The IPO of up to 87,00,000 equity shares of face value of Rs 10 each for cash at a premium offered through a book-building route at a price-band of Rs 171 – Rs 175 per equity share aggregating Rs 148.77 crore – Rs 152.25 crore.
The company is going to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes. The book running lead manager was Karvy Investor Services Limited. The company’s total revenues grew from Rs 2,554.8 million in fiscal 2013 to Rs 7,096.8 million in fiscal 2017 with a return on net worth of 25.22% in fiscal 2017. The company has a size able farming operation spread across 1,337.69 acres of land.
The IPO had got oversubscribed by 6.04 times on the last day of subscription as of 1730 hours, as per the data available with NSE on August 24. The IPO of up to 87,00,000 equity shares of face value of Rs 10 each for cash at a premium offered through a book-building route at a price-band of Rs 171 – Rs 175 per equity share aggregating Rs 148.77 crore – Rs 152.25 crore.
The company is going to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes. The book running lead manager was Karvy Investor Services Limited. The company’s total revenues grew from Rs 2,554.8 million in fiscal 2013 to Rs 7,096.8 million in fiscal 2017 with a return on net worth of 25.22% in fiscal 2017. The company has a size able farming operation spread across 1,337.69 acres of land.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007✔
Give a Missed Call for Free Trial - 09699997717✔
0 comments:
Post a Comment