Freshtrop Fruits of ₹33.69 crores approved by the board of directors at the meeting was held on February 12, 2024 Freshtrop Fruits will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹175 per Equity Share and for an aggregate amount not exceeding ₹33.68 crores from the shareholders. Check out Freshtrop Fruits Buyback 2024 details below:
Freshtrop recognizes food safety as the single most essential concern in the fresh produce business. Freshtrop is the first in India and amongst a few in the world to offer 100% traceability of its produce through an online Internet based system which allows every entity of the fresh produce supply chain to track and know the complete history of the product right from its origin at a farm to the shelves of Supermarkets.
Freshtrop Fruits History
- N/A
Freshtrop Fruits Buyback 2024 Dates
| Buyback Meeting Date: | February 12, 2024 |
| Buyback Announcement Date: | February 12, 2024 |
| Buyback Record Date: | April 02, 2024 |
| Last Date to Buy Shares: | April 01, 2024 |
| Buyback Open Date: | April 08, 2024 |
| Buyback Close Date: | April 18, 2024 |
| Finalization of Buyback Acceptance: | April 23, 2024 |
Freshtrop Fruits Buyback 2024 Offer Details
Freshtrop Fruits of 1,925,000equity shares at a price of ₹175 per equity share. The buyback offers not to exceed ₹ 33.68 crores of the total buyback offer size.
| Offer Amount: | ₹33.69 Crores |
| Number of Shares: | 1,925,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹175 per equity share |
| Listing: | BSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Freshtrop Fruits Buyback 2024 Acceptance Ratio
The investor should buy around 1143 shares at a current market price of ₹161.70 As of March 22, 2024. The calculation will be ₹2,00,000 / ₹175 buyback price = 1143 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹184800 | 377 | ₹5016 |
| 50% | ₹184800 | 571 | ₹7600 |
| 75% | ₹184800 | 857 | ₹11400 |
| 100% | ₹184800 | 1143 | ₹15200 |
Freshtrop Fruits Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹147 | ₹131 | ₹9 |
| 2022 | ₹174 | ₹163 | ₹7 |
| 2023 | ₹246 | ₹230 | ₹8 |
How to Participate in Freshtrop Fruits Buyback 2024
Firstly, to be eligible for the buyback the investor should have shares of Freshtrop Fruits Limited in Demat or physical form as on the record date [02/04/2024].
Once you have shares in Demat, you can participate in the buyback process which is opening from [08/04/2024] by selling your shares through your broker on NSE or BSE.
Then on [To be updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Freshtrop Fruits Buyback 2024 Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Freshtrop Fruits Buyback 2024 Lead Managers
- Vivro Financial Services Private Limited
Freshtrop Fruits Company Address
Freshtrop Fruits Limited
A – 603, Shapath 1V,
S. G. Road,
Ahmedabad – 380 015
Phone: +91-79-40307050 – 59
Email: [email protected]
Website: http://www.freshtrop.com/
How to Apply the Freshtrop Fruits through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Freshtrop Fruits “. Click on Place Order. Enter your Quantity and submit Freshtrop Fruits Application Form.
How to Apply the Freshtrop Fruits through Upstox?
Log in to Upstox Application with your credentials. Select the Freshtrop Fruits . You will see the Company Name “Freshtrop Fruits “. Click on Freshtrop Fruits Stock for Buyback. Enter your Quantity and submit Freshtrop Fruits Application Form.
How to Apply the Freshtrop Fruits through Freshtrop Fruits Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Freshtrop Fruits . Enter your Quantity and submit Freshtrop Fruits Application Form.
