Tapi fruit processing IPO is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies.
Tapi fruit processing IPO – Overview
| IPO Dates | 12-14 sept 2022 |
| IPO Price | INR 48 per share |
| Fresh issue | 1,086,000 shares (INR 5.21 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,086,000 shares (INR 5.21 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Tapi fruit processing IPO -Tentative Dates
| IPO Offer Opening Date | 12 September 2022 |
| IPO Closing Date | 14 September 2022 |
| Finalisation of Basis of Allotment | 19 September 2022 |
| Initiation of refunds | 20 September 2022 |
| Transfer of shares to demat accounts | 21 September 2022 |
| IPO Listing Date | 22 September 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Tapi Fruit Processing Limited is a Manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. The company was started in 1999 by its founder director Ghanshyam Lukhi as a Proprietorship firm namely Tapi Food Products.
The products of the company are manufactured in-house at the manufacturing facilities located in Pipodara village, Distt. Surat, Gujarat. Tapi Fruit Processing Limited has received several quality certifications and accreditations, including certification from the ISO 22000:2018 and the Food Safety and Standards Authority of India (FSSAI).
The company has developed a large pan-India distribution network and during the Financial Year ended March 31, 2022, the company distributed products across 28 states and Union Territories in India, through the widespread network of 60 super-stockist.
Strengths:
- The company believes they are among the few organized players in the Candied Fruit & Fruit Jellies segment of confectionaries with a well-established distribution network.
- Widespread and established sales and distribution network.
- The company has state-of-the-art manufacturing infrastructure, superior sourcing and stringent quality and food safety procedures.
- Diversified Product Portfolio.
- Experienced promoter and management team.
Objects of the Issue
- Meeting incremental working capital requirements
- Repayment / prepayment of certain borrowings availed by the Company.
- General Corporate Purposes
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 802.88 | 737.4 | 589.18 |
| Total Revenue | 1522.09 | 1312.5 | 1145.69 |
| Profit After Tax | 15.6 | 10.06 | -0.86 |
Company Contact Information
Tapi Fruit Processing Ltd
Office No. – 212 to 214,
Sunrise Chambers, Near Ashok Colony,
Mini Bazar, Varachha Road, Surat – 395006
Phone: 9825503717
Email: cs@tapifood.com
Website: https://www.tapifood.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
