Tapi Fruit Processing was incorporated on July 11, 2018. The companies product portfolio includes candied, crystallised, and glazed fruit and vegetable products, fruit bars, jellies, fruit jam, and fruit leathers, chutney and sauces, beverages, and nutraceutical products.
| Bidding Dates |
|---|
| 12 Sep 2022 - 14 Sep 2022 |
| Subscription |
|---|
| 2.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 3000 | 1.1 M | ₹48 | 72.25 % | ₹52.1 M | RHP DOC |
Tapi Fruit Processing IPO SUBSCRIPTION STATUS
14 Sep '22Tapi Fruit Processing IPO overall subscription rate was 2.62 times the total available shares
Tapi Fruit Processing IPO retail subscription rate was 3.32 times in the retail segment
Tapi Fruit Processing IPO non-institutional investor subscription rate was 1.93 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Sep 2022 (Day 3) | 3.32x | 1.93x | - |
13 Sep 2022 (Day 2) | 1.16x | 0.32x | - |
12 Sep 2022 (Day 1) | 0.25x | 0.19x | - |
Tapi Fruit Processing FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 1.6 | 151.6 | 9.8 | 0.6 |
| FY21 | 1.0 | 130.3 | 7.1 | -4.9 |
| FY20 | -0.1 | 114.5 | 11.0 | 3.1 |
Tapi Fruit Processing IPO SUBSCRIPTION STATUS DETAILS
Tapi Fruit Processing had 1.1 M shares on offer
Tapi Fruit Processing IPO offer price was ₹48
Tapi Fruit Processing IPO minimum Investment was ₹144000
Tapi Fruit Processing IPO issue size was ₹ 52.1 M
Tapi Fruit Processing had a minimum lot size of 3000 Shares per application
Tapi Fruit Processing NUMBER OF SHARES ON OFFER
Tapi Fruit Processing IPO IMPORTANT DATES
| Issue Open Date | 12 Sep 2022 |
| Issue close Date | 14 Sep 2022 |
| Allotment Date | 19 Sep 2022 |
| Refund Date | 20 Sep 2022 |
| Demat Account Credit Date | 21 Sep 2022 |
| Listing Date | 22 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Tapi Fruit Processing Allotment Status | Exchange |
Tapi Fruit Processing IPO subscription opened on 12 Sep 2022, and closed on 14 Sep 2022
IPO allotment for Tapi Fruit Processing was finalized on Monday, 19 Sep 2022
IPO listing for Tapi Fruit Processing was on NSE on Thursday, 22 Sep 2022
Tapi Fruit Processing IPO LISTING GAINS
| Issue Price (adjusted) | 48.0 |
| Listing Open Price | 52.1 |
| Listing Close Price | 54.7 |
| Listing Gain% | 8.5% |
| Current Gain% | 4.2% |
Tapi Fruit Processing Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tapi Fruit Processing Ltd. | 50 | 19.6 | -12.8 | -1.8 | 0.7 | -16 | -6.4 | 28.5 | 40.7 | -1.7 | -17.5 | -3.9 | 6.9 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Tapi Fruit Processing INFORMATION ON IPO ISSUE
About Tapi Fruit Processing
Tapi Fruit Processing was incorporated on July 11, 2018. The companies product portfolio includes candied, crystallised, and glazed fruit and vegetable products, fruit bars, jellies, fruit jam, and fruit leathers, chutney and sauces, beverages, and nutraceutical products.
Object of the Issue
- Meeting incremental working capital requirements
- Repayment/prepayment of certain borrowings availed by the company
- General corporate purposes
Tapi Fruit Processing - PROMOTERS
| Name |
|---|
| Ghanshyambhai Laljibhai Lukhi |
| Ashokkumar Laljibhai Lukhi |
Tapi Fruit Processing Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Tapi Fruit Processing Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Tapi Fruit Processing Strengths
Distribution network
The company is amongst the few organized players in the candied fruit and fruit jellies segment of confectionaries with a well-established distribution network
Manufacturing infrastructure
The company has state-of-the-art manufacturing infrastructure, superior sourcing and stringent quality and food safety procedures
Diversified product portfolio
The company has time to time diversified product portfolio, consisting of candied fruits, fruit jellies, chutney and sauces, beverages
Tapi Fruit Processing Risks
Legal proceedings
There are certain legal proceedings involving the company, directors, promoter and group companies
Competition
The company faces competition in business, including from competitors that may have greater financial and marketing resources
IPO FAQs
The promoters of the company are Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 48.0 - 48.0.
The IPO application opens on Sep 12, 2022 and closes on Sep 14, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Sep 19, 2022.
The refund will be credited to your account on Sep 20, 2022.
The allotted shares will be credited to your demat on Sep 21, 2022.
Tapi Fruit Processing Ltd.’s shares listed on the stock exchanges on Sep 22, 2022.