IPO DETAILS : Apex Frozen Foods Ltd.
No.3-160, Panasapadu, Kakinada, East Godavari, Andhra Pradesh - 533005
Phone: 2383902 Fax: 2383905

Public Issue of 8700000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 165.00 per share.

Issue Open DateIssue Closing DateApplication MoneyAllotment Money
22/08/201724/08/2017175.00 -
Lead Managers Registrar Listed at
KARVY INVESTOR SERVICES LIMITED
Bigshare Services Pvt Ltd.
Bharat Tin Works Building,
1st Floor, Opp.Vasant Oasis,, Makwana Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
BSE
NSE
Object of the issue

The Issue comprises of Fresh Issue of 7,250,000 Equity Shares by the Company aggregating upto Rs.1268.75 million (“Fresh Issue”) and the Offer for Sale of up to 1,450,000 Equity Shares by the Selling Shareholders.

The Offer for Sale

The proceeds of the Offer for Sale will be received by the Selling Shareholders. The Company will not receive any proceeds from the Offer for Sale.

The Fresh Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:

1. Setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh (“Project”);

2. General Corporate purposes




Promoted by

The Promoters of the Company.

1.Karuturi Satyanarayana Murthy

2.Karuturi Subrahmanya Chowdary

1. Karuturi Satyanarayana Murthy- He aged 61 years, is the Chairman and Managing Director of the Company. He is a resident Indian national.He has an experience of 20 years in aquaculture industry. He has setup partnership firm“Apex Exports”in 1997 to export shrimps which was later converted into Apex Frozen Foods Private Limited. He has been heading our company since then. He is responsible for making strategic decisions and decisions relating to business development and overall administration of the operations of our Company. He received a gross remuneration of Rs. 20.00 million during fiscal 2016.The driving license number of Karuturi Satyanarayana Murthy is 9871974 and his voter identification number is AP070480120092

2.Karuturi Subrahmanya Chowdary - aged 37 years, is the Executive Director of the Company. He is a resident Indian national. Karuturi Subrahmanya Chowdary, aged 37 years, is the Executive Director of the Company. He has been a director since the inception of the Company. He has an experience of 12 years in aquaculture industry. He has played a significant role in the development of the business. He is involved in the business operations and marketing activities of the Company. He received a gross remuneration of Rs. 20.00 million during fiscal 2016. The driving license number of Karuturi Satyanarayana Chowdary is DLFAP005291672005 and his voter identification number is BVF2734184.