Freshtrop Fruits Buyback will open for subscription from 10 February 2021. the company aims for an issue size of ₹6.75 Crores through this Buyback Issue.
Freshtrop Fruits Limited
Incorporated in 1992, Freshtrop Fruits Limited is engaged in two business segments of Fresh Fruits and Processed Fruits and Vegetables. The principal business of the company consists of fresh grapes. It also produces Mango pulp, Guava pulp, Pomegranate concentrate, Coconut chunks, Watermelon Pulp, Puree, and cold-processed juice. Freshtrop Fruits was one of the first companies in the corporate sector to export fresh fruit to developed countries. The company has played a pioneering role in establishing exports of grapes and pomegranates from India to Europe.
Freshtrop Fruits is the first in India to offer 100% traceability of its products through an online Internet-based system. The company has a state-of-the-art juice processing plant in Nasik, Maharashtra. Freshtrop Fruits recognizes food safety as the single most essential concern in the fresh produce business and takes a proactive approach to quality assurance and sustainability.
Objectives of the Issue
- Optimize returns to shareholders.
- Enhance overall shareholder’s value.
- Optimize the capital structure.
Freshtrop Fruits Buyback Details
| Issue Period | Feb 10, 2021 – Aug 9, 2021 |
| Security Name | Freshtrop Fruits Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹6.75 Crores |
| Buyback Price | ₹90 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 1,669.80 | 1,760.50 | 1,779.59 |
| Profit After Tax | 46.19 | 137.44 | 83.04 |
| Net Worth | 693.54 | 764.30 | 626.64 |
Freshtrop Fruits Buyback 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: buybackoffer@bighsareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Freshtrop Fruits Limited
A-603, Sapath-IV, Opp. Karnavati Club,
SG Highway, Ahmedabad – 380015
Phone: +91-79-40307050-57
Email: secretarial@freshtrop.com
Website: https://freshtrop.com/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing