Indian firm Freshara Agro Exports, specializing in preserved gherkins, debuted and oversubscribed on NSE SME platform, raising funds for growth.
Freshara Agro Exports, an Indian firm focused on preserved gherkins and pickled goods, debuted on the NSE SME platform on October 24 at ₹135 per share, reflecting a 16.3% increase from its IPO price of ₹116. The IPO was highly successful, oversubscribed by 236.80 times. Funds raised will support capital expenditure and working capital needs. The company reported significant growth, with a 56% rise in revenue and a 140% increase in profit after tax from FY23 to FY24.
October 24, 2024
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