Restaurant Franchise Opportunities

IPO Aug, 24 2017

Apex Frozen Foods IPO oversubscribed

The offer of up to 87 lakh shares, including the anchor portion of 24,90,000, with a face value of Rs 10 each is in the price band of Rs 171-175.

By Franchise India Bureau
Apex Frozen Foods IPO oversubscribed

The IPO, with an aim to raise up to Rs 152 crore, received bids for 69,46,240 shares. The total issue size is 62.1 lakh shares. The issue closes on Thursday

The initial public offer (IPO) of Apex Frozen Foods that deals in aquaculture products was oversubscribed 45% on the second day of the public issue on Wednesday.

Apex Frozen on Monday raised over Rs 43 crore from anchor investors. The offer will close on Tuesday.

The offer of up to 87 lakh shares, including the anchor portion of 24,90,000, with a face value of Rs 10 each is in the price band of Rs 171-175.

At the upper end, it can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.

The IPO comprises fresh issue of 72.50 lakh shares and an offer for sale of 14.50 lakh by promoters.

Related: Nestle to cut down sugar by 5% & sodium by 10% by 2020

Click Here to add Comment
Please add your Comment
Rating
Sell Franchise 2017
Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.