Tapi Fruit Processing IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Tapi Fruit Processing IPO release date, IPO offer price, subscription, Tapi Fruit Processing Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 48 |
| Listing At | NSE SME |
| Min. Order Quantity | 3000 shares |
| Listing Date | Sep 22, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 521.28 Lakh |
| IPO Size | Rs. 521.28 Lakh |
| Tick Size | 1 |
Tapi Fruit Processing IPO is listed at a Rs. 38 premium. Check out the live share price by clicking on the below link.
Tapi Fruit Processing IPO – Summary
The history and lineage traces back to Mr. Ghanshyam Laljibhai Lukhi, who savored the flavor of tooty fruity, a candy that is made out of raw papaya to start his business under the na
me of “Tapi Food Products” a sole proprietorship firm, in the year 1999.
The Company was incorporated as “Tapi Fruit Processing Private Limited” under the provisions of the Companies Act, 2013 on July 11, 2018, bearing Registration Number U15400GJ2018PTC103201 issued by the Registrar of Companies,
Central Registration Centre with one of its main objectives being to acquire the running business of the proprietorship concern, M/s. Tapi Food Products. Pursuant to the incorporation of the Company, the entire business of the proprietorship was transferred to the Company with effect from July 11, 2018.
The Promoter of this company is Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Tapi Fruit Processing IPO Date
The opening of Tapi Fruit Processing IPO will be on Sep 12, 2022 and the closing date Sep 14, 2022.
Tapi Fruit Processing IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12th Sep | 0.19x | 0.25x | 0.22x |
| 2nd Day – 13th Sep | 0.32x | 1.16x | 0.74x |
| 3rd Day – 14th Sep | 1.93x | 3.32x | 2.62x |
| Shares Offered or Net Issue | 513,000 | 513,000 | 1,026,000 |
The shares subscribed by the public will be updated here.
Tapi Fruit Processing IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Tapi Fruit Processing Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 19, 2022 |
| Refunds Initiation | Sep 20, 2022 |
| Credit of Shares to Demat Account | Sep 21, 2022 |
| Share Listing Date | Sep 22, 2022 |
Tapi Fruit Processing IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.48.
Tapi Fruit Processing IPO Equity Size
This Initial Public Issue of 1,086,000 Equity Shares of Rs.10 each for cash at a price of Rs.48 per equity share aggregating to Rs.521.28 Lakh.
Tapi Fruit Processing IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 10,26,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 1,086,000 Equity Shares of Rs.10 each, aggregating to Rs. 521.28 Lakh.
Open Free Demat Account Now!
Tapi Fruit Processing IPO – Live Performance
The listing date of this IPO is . You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Tapi Fruit Processing Share Price |
Tapi Fruit Processing IPO Grey Market Premium
The Tapi Fruit Processing Limited IPO Grey Market Premium price is Rs.48 , the Kostak rate is Rs X and the Subject to Sauda is X.
Tapi Fruit Processing IPO – Company Overview
Subsequently, the Company was converted into a Public Limited Company pursuant to Special Resolution passed by the shareholders at the Extraordinary General Meeting dated July 04, 2022
and the name of the Company was changed to Tapi Fruit Processing Limited to reflect the legal status of the Company pursuant to conversion, a fresh certificate of incorporation was granted by the Registrar of Companies, Ahmedabad dated July 15, 2022 bearing Corporate Identification Number U15400GJ2018PLC103201.
We have over the years leveraged the understanding of the target markets and consumer segments, product innovation capabilities, extensive distribution network, strategically located manufacturing facilities, and have focused the marketing and promotional activities to strengthen the product brands and establish the brands across India.
Tapi Fruit Processing IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 802.88 | 737.4 | 589.18 |
| *Total Revenue | 1522.09 | 1312.5 | 1145.69 |
| Total Expense | 1500.35 | 1301.45 | 1140.30 |
| Profit After Tax | 15.6 | 10.06 | -0.86 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 6.24 | 4.03 | (0.34) |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.15.6 Lakh, Rs. 10.06 Lakh, and Rs.-0.86 Lakh, respectively.
Tapi Fruit Processing IPO – Promoters
The Promoter of this company is:
- Ghanshyambhai Laljibhai Lukhi
- Ashokkumar Laljibhai Lukhi
List of Related Parties (Key Managerial Personnel)
- Kashyapkumar Nagjibhai Pandav, Company Secretary & Compliance Officer
- Chetankumar Bhailal Gajera, Chief Financial Officer
Tapi Fruit Processing IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Post Issue Share Holding – 72.22%
Tapi Fruit IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,086,000 Equity Shares aggregating up to Rs. 521.28 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 60,000 Equity Shares aggregating up to Rs.28.80 Lakh |
| Net Issue to the Public | Up to 10,26,000 Equity Shares aggregating up to Rs. 492.48 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 28,27,500 Equity Shares |
| Equity Shares outstanding after the Issue | 39,13,500 Equity Shares |
Tapi Fruit Processing IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Meeting incremental working capital requirements
2. Repayment / prepayment of certain borrowings availed by the Company
3. General corporate purposes
Tapi Fruit Processing IPO – Business Strategy
- Sustain the focus on semi urban and rural markets
- Expand the distribution network
- Expand the product portfolio into nutraceutical segment
- Continue to Focus on Strengthening the Brands
Tapi Fruit IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading player in the fruits and vegetable processing industry with a wide array of products;
- Strong relationships with the large and emerging global and Indian companies and brands;
- Strategically located multi-functional production facilities with quality certifications;
- Large scale procurement and storage capabilities;
- Experienced Promoter and management team;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV
Pre – Bonus |
NAV (Rs.)
Post – Bonus |
|
| 31-Mar -22 | 6.24 | 36.26% | – | – |
| 31-Mar-21 | 4.03 | 36.68% | 10.97 | 2.91 |
| 31-Mar-20 | 4.03 | (4.95)% | 17.21 | 4.56 |
Tapi Fruit Processing IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Tapi Fruit Processing Limited | 10 | 29.00 | 1.66 | 36.26 | 1522.09 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Tapi Fruit Processing IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – (East), Mumbai – 400 057, Maharashtra, India. Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Yash Kadakia SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Tapi Fruit Processing IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Tapi Fruit Processing IPO – Other Details
- Statutory Auditor – M/s Kansariwala & Chevli, Chartered Accountants
- Legal Counsel to the Company – JAYESH RATHOD, ADVOCATE
- Bankers to the Company – ICICI BANK LIMITED, BANK OF BARODA
Tapi Fruit Processing IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Tapi Fruit Processing IPO
Tapi Fruit Processing Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Tapi Fruit Processing IPO Review FAQs
Check out various FAQs related to Tapi Fruit IPO:
What is the Issue Size of Tapi Fruit Processing IPO?
The Company is making an initial public offer of 1,086,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Tapi Fruit IPO?
The price band for this particular IPO ranges between Rs. 48. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Tapi Fruit IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 12, 2022, while the closing date is set at Sep 14, 2022.
What is the Tapi Fruit Processing IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 19, 2022, refund initiation is on Sep 20, 2022, credit of shares is on Sep 21, 2022, and share listing date is on Sep 22, 2022.
What is the Tapi Fruit Processing IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 22, 2022. The date, when the listing would be done, is stagnant on Sep 22, 2022.
Who is the Registrar of Tapi Fruit IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Tapi Fruit IPO?
Here are the promoters of this IPO – Ghanshyambhai Laljibhai Lukhi and Ashokkumar Laljibhai Lukhi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Tapi Fruit IPO?
We have obtained the GMP of this IPO and it is Rs.48 Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Tapi Fruit Processing IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Tapi Fruit Processing Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.15.6 Lakh, Rs. 10.06 Lakh, and Rs.-0.86 Lakh, respectively.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics