Freshara Agro Exports Limited, procures, processes and exports preserved Gherkins and other pickled goods from India to various countries across the world. Freshara Agro Exports IPO looks to raise Rs 75.39 crores. The issue is entirely a fresh issue of 64.99 lakh shares

About Freshara Agro Exports IPO

• Company is engaged in the procurement, processing and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world.
• Their procurement process involves direct sourcing from accredited farms and farmers dedicated to sustainable agricultural methodologies.
• Company concludes buy-back agreements with the farmers and in turn supplies the farmers the necessary sowing material such as seeds to the identified small and marginal farmers.
• Mr. Junaid Ahmed, Mr. Iqbalahmed Khudrathullah Mohammed, and Mrs. Asma Syed are the company’s promoters.

Financials: Freshara Agro Exports IPO

Freshara Agro Exports IPO: Anchors

Freshara Agro Exports IPO: Salient Points

• The market size of food processing sector in India is estimated to reach US$ 1,274 billion in 2027 from US$ 866 billion in 2022.
• Gherkins, often referred to as “cucumber on steroids,” are small cucumbers that are harvested before reaching maturity and pickled in vinegar or brine. These tangy, crunchy delights have gained immense popularity in international cuisines, particularly as condiments, toppings, or ingredients in salads, sandwiches and hamburgers
• Gherkins are savored pickle vegetable relished globally & consumed in the markets of Europe, USA, Australia, Russia, etc. as a delicacy with other food items.

• They export Pickled Gherkins, Bell Peppers, Cherry Tomatoes, Jalapenos, Banderillas, Babycorns
• 85.0% of revenue came from sale of Gherkins.
• they export to 50+ countries for top-quality gherkins and cucumbers.
• Over 4000+ trusted empaneled Farmers.

• Net proceeds use :

• Certifications

• PE 2025 (annualized) : 12x
• Peers:  
• 100% EOU.
• In 2021-22, company received Excellence Award by MSME Ministry, Government of Tamil Nadu for State Level – Best Agro based Enterprise.
• 70% of the products are “not ready to eat” and are supplied directly to factories who re-process the products and convert them to finished goods. Remaining 30% of products are supplied to Food Brokers and Traders in the international market
• I intend to apply in Freshara Agro Exports IPO. They have shown impressive growth in the past and has indicated to maintain growth at 25% plus.
• GMP as reported on social media is Rs. 75(65%)
• Lead manager has excellent record and enjoys good standing.
• SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
• This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
• Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.