your password has been reset successfully, Please login again.

IPO of Apex Frozen Foods oversubscribed

Apex Frozen Foods launches IPO with an aim to raise up to Rs 152 crore funds.
BY BEx Bureau
BusinessEx
Aug 24, 2017

Apex Frozen Foods IPO kicks off with oversubscription of over 45% on the second day of its issue.

The agriculture product dealer Apex Frozen Foods raised over Rs 43 crore from its anchor investors on Monday. The offer will close on Tuesday.

The offer consists issue of 87 lakh shares which also includes 24,90,000 anchor portion having price band of Rs 171-175 with the face value of Rs 10 each.

The upper-end limit can go as high as Rs 152.25 crore but lower limit that company will raise funds is Rs 148.77 crore.

The IPO consists fresh issue of 72.50 lakh shares and sale offer of 14.50 lakh by promoters.

The company plans to use the raised funds for general operations and majorly for setting up a new processing unit with a capacity of 20,000 tonnes per annum in Andhra Pradesh.

The shares will be listed on the BSE and the NSE.

Please add your Comment
SIMILAR News
May 25, 2018
The stock dropped 6.56 percent to settle at Rs 288.95 on BSE ...More
By Sanjana Surbhi
May 25, 2018
This was not the first time when Uber made profit quarterly ...More
By Sanjana Surbhi
May 25, 2018
Airtel Payments Bank was the first payments bank to start operations in India ...More
By Sanjana Surbhi
May 24, 2018
The expansion is a part of Transamerica deal with over 430 employees joining the company ...More
By Sanjana Surbhi
May 24, 2018
SoftBank had invested $2.5 billion in Flipkart last year ...More
By Sanjana Surbhi
May 23, 2018
The approval is subject to compliance of "certain modifications" ...More
By Sanjana Surbhi
May 22, 2018
It claims that Google unlawfully collected people's data by using iPhone's default setting ...More
By Sanjana Surbhi
May 22, 2018
IHS markit Ltd is a global information provider based in London, the UK planning to buy Ipreo to sup ...More
By Sanjana Surbhi
May 22, 2018
General Electronic will receive $2.9 billion in cash and 50.1 percent stake ...More
By Sanjana Surbhi
April 12, 2018
New Delhi-based startup Chariot has raised Rs.2 crore funding from GEMS Partners. ...More
By Ritu Marya
April 10, 2018
Yumlane's parent company QwikPik secures Rs.26 crore funding from RB Investments and its existing in ...More
By Ritu Marya
April 05, 2018
Digital lending startup Namaste Credit secures $3.8 million funding from Nexus Venture Partners. ...More
By Ritu Marya