Tapi Fruit Processing Limited

Company Profile
Company Name Tapi Fruit Processing Limited
Open Date 12-09-2022
Close Date 14-09-2022
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 48 per share
Issue Size 10,86,000 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Tapi Food Processing Limited was incorporated in the year 1999 in Gujarat. The company is engaged in producing Candied, Crystallised and Glazed Fruit and Vegetable Products (“Candied Fruit”); Fruit Bar, Jellies, Fruit Jam & Fruit Leathers (“Fruit Jellies”); Chutney and Sauces; Beverages and Nutraceutical Products. Company is ISO 22000:2018 certified and has also approved USA FDA approval for its manufacturing facility situated in Gujarat.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 802.88 737.40 589.18
Net Assets 43.02 27.42 17.36
Total Borrowings 533.77 509.35 456.28
Total Revenue 1,522.09 1,312.50 1,145.69
Profit After Tax 21.74 11.05 5.39

Tentative Timeline

Opening Date 12-09-2022
Closing Date 14-09-2022
Basis of Allotment 19-09-2022
Initiation of Refunds 20-09-2022
Credit of Shares to Demat 21-09-2022
Listing Date 22-09-2022

Objects of the Issue

Meeting incremental working capital requirements
Repayment / prepayment of certain borrowings availed by the Company
General corporate purposes

Contact Information

Registered Office 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 Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 60 (0.01%)
Other Shares Offered 5,13,000 (50.00%)
Retail Shares Offered 5,13,000 (50.00%)
Total Shares Offered 10,26,060 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.94%

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