Freshtrop Fruits Buyback

Freshtrop Fruits Buyback

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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 PeriodFeb 10, 2021 – Aug 9, 2021
Security NameFreshtrop Fruits Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹6.75 Crores
Buyback Price₹90 per share
Face Value₹10 per share
Listing AtBSE

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
Total Income1,669.801,760.501,779.59
Profit After Tax46.19137.4483.04
Net Worth693.54764.30626.64

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

Company Contact Information

Freshtrop Fruits Limited
A-603, Sapath-IV, Opp. Karnavati Club,
SG Highway, Ahmedabad – 380015
Phone: +91-79-40307050-57

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

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