Freshara Agro Exports IPO distribution date likely today; Latest GMP Steps to Check Status Online

Freshara Agro Exports IPO Allotment: The initial public offering (IPO) of Freshara Agro Exports Ltd received an excellent response from investors during the subscription period. With the end of the bidding, investors are now paying attention to the distribution of Freshara Agro Exports’ IPO, which is expected to be finalized today.

Freshara Agro Exports’ IPO allotment date is likely today, October 22, and the company will fix the share allotment basis today.

The company will credit the shares to the demat accounts of eligible investors on October 23 and begin refunds to unsuccessful bidders on the same day. The Freshara Agro Exports IPO is an SME IPO and the company’s shares will be listed on the NSE SME platform.

Investors can check Freshara Agro Exports IPO allotment status online through NSE website or official IPO registrar portal. Purva Sharegistry India Pvt Ltd is the IPO registrar of Freshara Agro Exports.

Checking Freshara Agro Exports IPO distribution status online can be done by following some simple steps mentioned below:

Freshara Agro exports IPO distribution status on Purva Sharegistry

Step 1) Visit the IPO registrar website at this link – https://www.purvashare.com/investor-service/ipo-query

Step 2) Select ‘Freshara Agro Exports Limited’ from the Select Company drop-down menu

Step 3) Enter application number or PAN in the space provided

Step 4) Click ‘Search’

Freshara Agro Exports IPO distribution status will be displayed on the screen.

Freshara Agro exports GMP IPO today

Freshara Agro Exports shares are attracting strong interest in the unlisted or gray market. Freshara Agro exports IPO GMP today, or gray market premium today, is $$105 per share, according to stock market observers. This indicates that in the gray market, Freshara Agro Exports shares are trading higher in $$105 than the issue price.

Considering the GMP of Freshara Agro Exports IPO today and the issue price, the estimated listing price of Freshara Agro Exports shares is $$221 each, a premium of 90.52% over the IPO price of $$116 per share.

Freshara Agro Exports IPO Details

Bidding for Freshara Agro Exports’ IPO began on Thursday, October 17th and ended on Monday, October 21st. The Freshara Agro Exports IPO distribution date is likely today, October 22, and the IPO listing date is October 24. Exports will be listed on the NSE SME platform.

The Freshara Agro Exports IPO price range has been set at $$110 for $$116 per share. The company raised $$75.39 crore from the accounting issue, which was entirely a fresh issue of 64.99 lakh equity shares.

Freshara Agro Exports’ IPO was subscribed a whopping 236.80 times in total as the issue received bids for 97.52 crore equity shares as compared to 41.18 lakh shares in the offer. The public issue was subscribed 180.80 times in the retail category, 129.22 times in the Qualified Institutional Buyers (QIB) category and 510.61 times in the Non-Institutional Investors (NII) category.

GYR Capital Advisors Private Limited is the lead manager of the Freshara Agro Exports IPO, while Purva Sharegistry India Pvt Ltd is the IPO registrar.

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