Apex Frozen Food debuts with high mark
Authored By Wion Web Desk
Published: Sep 04, 2017, 04:34 IST | Updated: Sep 04, 2017, 04:34 IST
Apex Frozen Food
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?The company was listed at RS 199.90 on BSE which is 14.23 per cent premium over its issue price of RS 175
Apex Frozen Food debuted in the stock market today.
The company was listed at RS 199.90 on BSE which is 14.23 per cent premium over its issue price of RS 175.
Whereas on The National Stock Exchange the company was listed at Rs 202, 15 per cent premium over the issue price of Rs 175.
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The stock was fixed at 5 percent upper circuit of Rs 212.10 (the intraday high).
The company launched the public issue of up to 87 lakh shares that was opened for subscription during August 22-24. The price band for the issue was Rs 171-175 per share.
The company deals in a variety of white shrimp which is sold under different brands- Bay Fresh, Bay Harvest, and BayPremium.
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It will use the proceeds earned for setting up a new shrimp processing unit of 20,000 tonnes per annum which is expected tocome up in Andhra Pradesh.