Tapi Fruit Processing Limited IPO Detail
Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.
The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).
The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.
Strengths :
- The company believes they are among the few organized players in the Candied Fruit & Fruit Jellies segment of confectionaries with a well-established distribution network.
- Wide spread and established sales and distribution network.
- The company has state-of-the-art manufacturing infrastructure, superior sourcing and stringent quality and food safety procedures.
- Diversified Product Portfolio.
- Experienced promoter and management team.
Company Promoters
The Promoters of the Company are Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi.IPO Details
IPO Opening Date | Sep 12, 2022 |
IPO Closing Date | Sep 14, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹48 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE SME |
Issue Size | ₹5.21 Cr |
Fresh Issue | 1,086,000 shares of ₹10 (aggregating up to ₹5.21 Cr) |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.19x | 0.25x | 0.22x | |
Day 2 | - | - | 0.32x | 1.16x | 0.74x | |
Day 3 | - | - | 1.93x | 3.32x | 2.62x |
IPO Tentative Timetable
The Tapi Fruit Processing Limited IPO open date is Sep 12, 2022, and the close date is Sep 14, 2022. The issue may list on Sep 22, 2022.
IPO Open Date | Sep 12, 2022 |
IPO Close Date | Sep 14, 2022 |
Basis of Allotment Date | Sep 19, 2022 |
Initiation of Refunds | Sep 20, 2022 |
Credit of Shares to Demat Account | Sep 21, 2022 |
IPO Listing Date | Sep 22, 2022 |
IPO Lot Size
The Tapi Fruit Processing Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹144000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹144000 |
Maximum | 1 | 3000 | ₹144000 |
IPO Promoter Holding
Pre Issue Share Holding | 99.94% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 589.18 | 1145.69 | -0.86 |
31-Mar-21 | 737.4 | 1312.5 | 10.06 |
31-Mar-22 | 802.88 | 1522.09 | 15.6 |
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:
1. Meeting incremental working capital requirements
2. Repayment / prepayment of certain borrowings availed by the Company
3. General corporate purposes
Tapi Fruit Processing Limited IPO Registrar:
Bigshare Services Pvt Ltd
Tapi Fruit Processing Limited IPO Lead Manager(s):
Fedex Securities Limited (Past IPO Performance)
Company Contact Information:
Tapi Fruit Processing Limited
Office No. - 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Varachha Road
Surat
Gujarat