Analysis and Insights into the world of IPOs and investing in India

Monday, August 21, 2017

Apex Frozen Foods IPO opens on Aug 21

Apex Frozen Foods Ltd. is coming with an IPO comprising of fresh issue of shares and offer for sale (OFS) to raise around Rs 148.77 to Rs.152.25 crore.

The company is going to raise between Rs.123.97 to Rs.126.87 crore by issuing 72,50,000 shares

While under OFS, promoters will offer 14,50,000 equity shares with face value of Rs 10 per share. The lot size consists of minimum of 80 shares

The issue will remain open from August 22 to August 24, 2017 with price band of Rs.171 to Rs.175 per share. The company will be listed on both BSE and NSE

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