Apex Frozen Foods IPO : Date, Price, Allotment Status, Listing, Grey Market Premium


Apex Frozen Foods is going to come out with its initial public offering (IPO) on August 22, 2017.

I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!

Apex Frozen Foods IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, Salasar Techno Engineering, Cochin Shipyard Limited, etc, investors would be eagerly waiting for Apex Frozen Foods IPO….

I am sure you might be searching for all details about Apex Frozen Foods IPO.

Apex Frozen Foods Company Profile :

Incorporated in 1995, Apex Frozen Foods Limited is in the business of produces and exports aquaculture products. They supply its ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries.

Apex produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon).

Apex Frozen Foods Company Financials :

Financial-summary-of-Apex-Frozen-Foods-Ltd-IPO

Apex Frozen Foods Promoters:

  1. Karuturi Satyanarayana Murthy
  2. Karuturi Subrahmanya Chowdary

On the upper price band of Rs 175 and on FY17 EPS of Rs 10.17, P/E ratio works out to 17.2x. Even based on last 3 years EPS of Rs 9.04, P/E ratio works out to 19.3x.

Its listed peers like Zeal Aqua is trading at P/E ratio of 100.24 (Highest) and The Water Base Ltd at P/E Ratio of 28.54 (Lowest) and Industry average is 54.52. Hence the issue price of Rs 175 is reasonably priced and investors can get good returns in this IPO.

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Apex Frozen Foods IPO Detail :

Issue Open: Aug 22, 2017 – Aug 24, 2017
Issue Type: Book Built Issue IPO
Issue Size: 8,700,000 Equity Shares of Rs 10 aggregating up to Rs 152.25 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 171 – Rs 175 Per Equity Share
Market Lot: 80 Shares
Minimum Order Quantity: 80 Shares
Listing At: BSE, NSE

Important Dates of Apex Frozen Foods IPO :

Bid/Offer Opens On: August 22, 2017
Bid/Offer Closes On: August 24, 2017
Finalisation of Basis of Allotment: On or about August 30, 2017
Initiation of refunds: On or about September 1, 2017
Credit of Equity Shares to demat accounts: On or about September 1, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about September 04, 2017

IPO Issue Allocation :

    • Qualified institutional buyers (QIBs) – 50% of the offer.
    • Non-institutional bidders – 15% of the offer.
    • Retail individual bidders – 35% of the offer.

Download Red Herring Prospectus of Apex Frozen Foods IPO :

To Download Red Herring Prospectus of Apex Frozen Foods IPO Click Here

Grey Market Premium (GMP) of Apex Frozen Foods :

The company will be listed in T- Group just like in the came of Salasar Techno Engineering and will be later on shifted to B Group after a week or 10 days.

According to market reports, people from Jain community may not apply for this IPO as the company deals in non-veg frozen food and hence you can expect a slightly lower overall subscription, but still it will be a good listing and currently the grey market premium of Apex Frozen Food is around 40 – 50 Rs. which means people can expect a listing gain of around 25 – 30 % in this IPO if on the listing day, market sentiments are good.

Company Contact Information :

Apex Frozen Foods Ltd
3-160, Panasapadu,
Kakinada,
East Godavari – 533 005
Phone: +91 884 2383 902/03/04
Fax: +91 884 2383 905/906
Email: cs@apexfrozenfoods.com
Website: http://www.apexfrozenfoods.in

Apex Frozen Foods IPO Registrar :

Bigshare Services Pvt. Ltd
E-2 & 3, Ansa Industrial Estate,
Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com

Apex Frozen Foods IPO Lead Manager(s) :

  1. Karvy Investor Services Limited

Apex Frozen Foods IPO Allotment Status :

You can check the allotment status i.e., whether you have got the shares of Apex Frozen Foods or not by vising the website of Registrar of the Issue which in this case is Bigshare Services.

Check Security and Intelligence IPO Allotment Status @ Check Apex Frozen Foods IPO Allotment Online