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Issue Open Date
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22-Aug-17
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Issue Closing Date
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24-Aug-17
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Application Money
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100
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Allotment Money
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Price Band
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171
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175
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Minimium Application No.
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80
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Issue Size (Shares)
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8700000
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Market Lot
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1
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Objective
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Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh (Project)2. General Corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1245000
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9732400
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7.81718875502008
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Qualified Institutional Buyers
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1660000
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3178400
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1.91469879518072
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Retail Individual Investors
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2905000
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24786480
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8.53235111876076
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Business Description
Our Company is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supplyour 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. Ouroutput majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brandsowned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium.For over two decades, our promoters have been associated with aquaculture business in Andhra Pradesh. OurCompany leased a shrimp processing facility and commenced operations in the year 1995 after which we set-up ourown MODERN shrimp processing facility in the year 2004.Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240MTPA of finished products and an additional pre-processing and processing arrangement at a facility owned byRoyale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinadaand Bapatla. Along with this, to further assuage our operations, we have our own fleet of vehicles with freezingcapabilities.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
3-160
Panasapadu
Kakinada
Godavari East,
Andhra Pradesh,
533005
Phone : 0884 2383902/03/04
Email : kkd@apexfrozenfoods.com
Website : www.apexfrozenfoods.in
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village
Opp: Yashoda Hospital
Raj Bhavan Road
Somajiguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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Karvy Investor Services Ltd
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Promoters |
Karuturi Satyanarayana Murthy
Karuturi Subrahmanya Chowdary
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