Tuesday, May 23, 2017

Apex Frozen Foods IPO gets SEBI Approval

Apex Frozen Foods Ltd. filed DRHP with Sebi in March and got observations from the regulator on 11 April 2017. This is one of the strong reason for launching IPO. Capital market regulator and SEBI approved the initial public offering of Apex Frozen Foods Ltd.

Apex Frozen Foods will come up with fresh issue of 72.5 lakh shares and OFS upto 14.5 lakh shares of the exisitng share holders. One can check current DRHP for the same.

They are setting up a new shrimp processing unit in Andhra Pradesh and other general corporate purposes. Apex Frozen Foods is Andhra Pradesh based company producing shelf stable quality aquaculture products like ready to cook products. Their main customer base is food companies, restaurants, clubs, distributors, retail chan stores and more.

Apex Frozen Foods filed DRHP on March 31 with SEBI and Karvy Investor Services is their Book Running Lead Manager.