Apex Frozen Foods IPO

Apex Frozen Foods IPO

Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supply our 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. Our output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium.

Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional non-exclusive pre-processing and processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000 MTPA of finished products. Further, our Company has entered into an addendum to lease agreement dated April 09, 2017 with Royale Marine Impex Private Limited for an additional processing capacity of 3000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla. Along with this, to further assuage our operations, we have our own fleet of vehicles with freezing capabilities.

Promoters of Apex Frozen Foods - Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary

Apex Frozen Foods IPO details
Subscription Dates 22 - 24 August 2017
Price Band INR171 - 175 per share
Fresh issue 7,250,000 shares (INR123.97 - 126.87 crore)
Offer For Sale 1,450,000 shares (INR24.80 -25.38 crore)
Total IPO size 8,700,000 shares (INR148.77 - 152.25 crore)
Minimum bid (lot size) 80 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Apex Frozen Foods' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 255.5 514.6 604.4 608.3 709.7
Total expenses 241.2 494.2 576.2 578.1 671.3
Profit after tax 9.4 13.4 18.4 19.3 24.4

Apex Frozen Foods Limited 
3-160, Panasapadu,
Kakinada,
East Godavari - 533 005 (AP)

Phone: +91 884 2383 902/03/04
Fax: 
+91 884 2383 905/906
Email:
cs@apexfrozenfoods.com
Website: www.apexfrozenfoods.com

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Earnings Per Share (EPS): INR10.17

Price/Earnings (P/E) ratio: 16.8 - 17.2

Return on Net Worth (RONW): 25.22%

Net Asset Value (NAV): INR40.32 per share

Apex Frozen Foods IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 1,660,000 0.00 0.00 1.91
NII 1,245,000 0.18 0.45 7.81
Retail 2,905,000 0.78 2.90 8.31
Employees  400,000 0.00 0.20 0.96
Total 6,210,000 0.40 1.46 6.02

Apex Frozen Foods IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

IPO Opening Date: 22 August 2017

IPO Closing Date: 24 August 2017

Finalisation of Basis of Allotment: 30 August 2017

Initiation of refunds: 1 September 2017

Transfer of shares to demat accounts: 1 September 2017

Listing Date: 4 September 2017

Listing Price on NSE: INR202 per share (up 15.4% from IPO price)

Closing Price on NSE: INR212.1 per share (up 21.2% from IPO price)

Apex Frozen Foods IPO
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45 thoughts on “Apex Frozen Foods IPO

  • September 7, 2017 at 8:19 PM
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    Sir may I ask what your bid prices and each lot size were? Which one won you the lot? Would you be so kind as to share that info please?

    Dharma

    Reply
    • September 7, 2017 at 8:20 PM
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      This message was for Mr. Raj who won one lot/bid… I had posted it as a reply to his message but it got posted at the top… Sorry Mr. Raj…

      Reply
  • September 5, 2017 at 12:41 PM
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    Sir mjhe allotment nhi Mila h or Abhi tk mra amount bhi nhi clear hua h ky kru

    Reply
  • September 3, 2017 at 8:32 PM
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    I have not get any allotments.
    O of 8 lots. What happened.

    Reply
  • September 3, 2017 at 9:51 AM
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    What is expected listing price of apex

    Reply
  • September 1, 2017 at 2:22 PM
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    I got 1 lot out of two applied

    Reply
  • September 1, 2017 at 12:12 PM
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    Yes, No allotment.. seems some fixing… Ridiculous

    Reply
  • August 31, 2017 at 7:28 PM
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    I HAVE to APPLY ON 1ST DAY, NO SINGLE LOT ALLOTMENT. BROKERS ARE DONE THE FIXING WITH BIGSHARE & PROMOTERS. RIDICULOUS…

    Reply
    • August 31, 2017 at 10:23 PM
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      Allotment will be known tomorrow latest as amount blocked.

      Reply
    • September 1, 2017 at 12:01 PM
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      Same here no allotment received , I have applied 5 lot, but not received a single lot.
      lagta h is baar sara allotment corporate investors ko hi mila h.

      Reply
    • September 3, 2017 at 9:49 AM
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      I have applied just 1 and alloted

      Reply
  • August 31, 2017 at 5:46 PM
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    D/SIR

    THIS APPLICATION NO 002E11110007745
    PLZ SEND ME ALLOTMENT CONFARMION

    THENKS

    Reply
  • August 31, 2017 at 5:28 PM
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    Kuch nahi milta ipo me. Same story this time

    Reply
  • August 31, 2017 at 5:07 PM
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    WHY LISTING DAY CANT BE SALE

    Reply
  • August 31, 2017 at 4:55 PM
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    can anybody tell me when will be the share allotted.

    Reply
  • August 31, 2017 at 3:47 PM
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    Allotment date ???? & List DAte???????

    Reply
  • August 31, 2017 at 12:41 PM
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    It will listing 210/.

    Reply
  • August 31, 2017 at 8:14 AM
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    When we will be knowing the allotment status?can anyone tell when it is going to declare

    Reply
  • August 29, 2017 at 10:50 PM
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    Company wit basic infra and good management,will stay in market .hawa me chalane wala jyada din nahi tikate

    Reply
  • August 29, 2017 at 7:42 PM
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    Apex IPO is categorized as T group, so we cannot sell shares on listing day?

    Reply
    • August 30, 2017 at 10:22 AM
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      Why so? No such rule.

      Reply
    • September 2, 2017 at 11:38 PM
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      Good knowledge. When can we sell than

      Reply
  • August 29, 2017 at 6:06 PM
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    listing may be around Rs.235 to 260

    Reply
    • August 30, 2017 at 2:39 PM
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      If market sutable…..other wise below.

      Reply
  • August 29, 2017 at 11:56 AM
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    Apex is going to be a very interesting story. The valuations are very reasonable and takes into account the volatility in the market. Couple of quarters down the line and these ratios will be very attractive.

    Reply
  • August 26, 2017 at 9:33 PM
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    Expected IPO listing price 250

    Reply
    • August 27, 2017 at 10:39 PM
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      250 will be suprr return IMO

      Reply
  • August 26, 2017 at 12:40 AM
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    Apex should list between 20%-30% premium at the max. Markets are choppy whole Aug and are expected to remain same till Oct-Nov. So, this is max which one may expect from this IPO.

    Reply
  • August 23, 2017 at 4:04 AM
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    how i can invest in the Apex Frozen Foods IPO ??

    Reply
  • August 22, 2017 at 2:15 PM
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    im ready to sell APEX in GMP any one can contact with me…9694630708

    Reply
  • August 22, 2017 at 9:37 AM
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    its worth to invest in APEX food IPO?

    Reply
  • August 14, 2017 at 2:05 PM
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    apex will list under T group… WHY?? what is the criteria for this?
    is it good or bad for stock or listing gain?

    Reply
    • August 16, 2017 at 2:00 PM
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      T group because the IPO size is small. Don’t worry, Salasar also listed in T group but check its performance now.

      Reply
      • August 22, 2017 at 12:40 PM
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        Salasar has dropped drastically. Hoping not to happen the same with this because of T group.

        Reply
      • August 29, 2017 at 7:43 PM
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        As it is categorized as T group, we cannot sell shares on listing day?

        Reply
  • August 12, 2017 at 2:13 PM
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    Good company with better fundamentals and pricing. Not greedy like Security Intelligence

    Reply
    • August 13, 2017 at 1:57 PM
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      Ryt sir. SIS is down then its ipo price still. The review on ipo central was absolutely correct on high price. Just one shock and thestock was down!!

      Reply
  • August 12, 2017 at 10:51 AM
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    WHAT WILL BE THE EXPECTING LISTING PRIZE

    Reply
    • August 23, 2017 at 3:22 PM
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      If we know all that, we would have been like Karor ka pathi.

      Reply
    • August 23, 2017 at 3:22 PM
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      If we know all that, we would have been Karor ka pathi.

      Reply

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