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Wednesday 16 August 2017

Forthcoming IPO :Apex Frozen Foods Ltd

Apex Frozen Foods Ltd.
No.3-160, Panasapadu, Kakinada, , East Godavari , Andhra Pradesh - 533005
Phone: 2383902 Fax: 2383905
Public Issue of 8700000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 165 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
Lead ManagersRegistrarListed at
Bharat Tin Works Building, , 1st Floor, Opp.Vasant Oasis,
, Makwana Road,
, Mumbai , Maharashtra - 400059
Phone: 62638200 Fax: 62638299
Object of the issue
The Issue comprises of Fresh Issue of 7,250,000 Equity Shares by the Company aggregating upto Rs.1268.75 million (“Fresh Issue”) and the Offer for Sale of up to 1,450,000 Equity Shares by the Selling Shareholders.
The Offer for Sale
The proceeds of the Offer for Sale will be received by the Selling Shareholders. The Company will not receive any proceeds from the Offer for Sale.
The Fresh Issue
The 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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