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Tapi Fruit Processing Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹48
Per Share
GMP
NIL
Grey Market
Est. Listing
₹48
Expected Price
Min. Application
₹288,000
2 lots × 3000 shares
IPO Issue Details
Issue Price / Price Band₹48 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size10,86,000 shares (aggregating up to ₹5.21 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 12 Sep 2022
Subscription CloseWed, 14 Sep 2022
Anchor AllotmentSun, 11 Sep 2022
Basis of AllotmentMon, 19 Sep 2022
Initiation of RefundsTue, 20 Sep 2022
Credit of Shares to DematWed, 21 Sep 2022
Listing DateThu, 22 Sep 2022
UPI Mandate Deadline2022-09-14
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 3000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 6,000 shares
P/E Ratio (Pre-IPO)120x
Net Offer to Public10,26,000 shares (aggregating up to ₹4.92 Cr)
Reserved for Market Maker60,000 shares (aggregating up to ₹0.2880 Cr)
Pre-IPO Promoter Holding28,27,500 shares
Post-IPO Promoter Holding39,13,500 shares
About Tapi Fruit Processing Ltd.

Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.Strengths :The company believes they are among the few organized players in the Candied Fruit & Fruit Jellies segment of confectionaries with a well-established distribution network.Wide spread and established sales and distribution network.The company has state-of-the-art manufacturing infrastructure, superior sourcing and stringent quality and food safety procedures.Diversified Product Portfolio.Experienced promoter and management team.

Objects of the Issue

Tapi Fruit Processing Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Meeting incremental working capital requirements
1.97
2
2 Repayment / prepayment of certain borrowings availed by our Company
1.35
3
3 General corporate purposes
1.15
Shareholding & Lock-in
Pre-IPO Promoter Holding 28,27,500 shares
Post-IPO Promoter Holding 39,13,500 shares
Check AllotmentCheck Status →
Tapi Fruit Processing Ltd. — Live Price LIVE
₹48.00
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Issue ₹48.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹48
GMPNIL
Est. Listing₹48
Lot Size3,000 shares
Min Amount₹288,000
Listing Date22 Sep 2022
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹48
Listing Date22 Sep 2022
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 60,000 ₹0.29 Cr
TOTAL 1,086,000 100.00% ₹5.21 Cr
* Based on ₹48.00 (upper price band)
Lot Size & Investment Details
Lot Size
3,000
Shares
Issue Price
₹48.00
Per Share
Min Investment
₹144,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 3,000 ₹144,000
Retail (Max) 13 39,000 ₹1,872,000
sNII (Min) 14 42,000 ₹2,016,000
bNII (Min) 68 204,000 ₹9,792,000
Company Financials — Restated Consolidated (Amount in Lakhs)
Particulars31-Mar-2031-Mar-2131-Mar-22
Revenue from Operations 1145.69 1312.50 1522.09
EBITDA N/A N/A N/A
Profit After Tax (PAT) -0.86 10.06 15.60
Net Worth 17.36 27.42 43.02
Total Assets 589.18 737.40 802.88
Reserves & Surplus -7.64 2.42 18.02
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹48
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Tapi Fruit Processing Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Office No. - 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Varachha Road, Surat, Gujarat, 395006
Book Running Lead Managers
Fedex Securities Pvt.Ltd.
Book Running Lead Manager (BRLM)