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Captain Fresh IPO

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Captain Fresh IPO Details

Issue Date

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Price Range

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Lot Size

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IPO Size

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About Captain Fresh IPO

B2B seafood company Captain Fresh has filed its draft red herring prospectus with Sebi through the confidential route for its IPO. Through the IPO, the company aims to raise ₹1700 crores. Captain Fresh IPO opens on [XX] and closes on [YY]. The allotment of shares will take place on [TBA]. The credit of shares to the Demat account will take place on [TBA]. The initiation of refunds will take place on [TBA]. The listing of shares will take place on [TBA]. Captain Fresh is into fish and seafood markets. It helps businesses procure fresh produce and supports their processing and distribution.

Objectives of Captain Fresh IPO

The company proposes to utilise the IPO proceeds for acquisitions in the US and Europe. The company eyes B2C expansion in higher global markets.

Captain Fresh IPO Valuation

Captain Fresh IPO Lot Size

Captain Fresh IPO Offer and Subscription Details

Industry Outlook

According to an analysis, the Indian seafood market size was estimated at around USD 14.65 billion in 2024 and is projected to grow from USD 15.07 billion in 2025 to USD 20 billion by 2035, at a CAGR of 2.87% during the forecast period.

On the other hand, the Indian fish market size was valued at 22.32 million tons in 2024 and is expected to reach 43.77 million tons by 20233, at a CAGR of 7.38% from 2025 to 2033.

Captain Fresh Company Information

Captain Fresh was founded in 2020. It runs a tech-led seafood supply chain. It caters to Indian and global markets, including the US, Europe and the Middle East. The company aspires to transform the seafood industry by delivering high quality and reliable seafood to its customers.

Strengths of Captain Fresh

TBA

Risks of Captain Fresh

TBA

Captain Fresh Financials (in ₹ crores)

Peer Comparison

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

  • IPO Registrar: TBA
  • Book Running Lead Manager: TBA

Captain Fresh Business Model

Captain Fresh offers seafood in various categories, including shrimp, salmon, crab & lobster, tuna, fish etc. Note that prior to its IPO, the company had raised ₹250 crores in its pre-IPO round.

Captain Fresh Growth Trajectory

The gross revenue of Captain Fresh rose 71% to ₹1395 crores in FY 24, from ₹817 crores in FY 23. It also reduced its net loss by 22% to ₹229 crores from ₹294 crores during the same period.

Captain Fresh Market Position

Captain Fresh is one of the foremost companies catering to the demands of seafood lovers in India and abroad. It services 500–1,000 wholesalers in the US. This accounts for nearly 60% of its demand.

Captain Fresh Profit and Loss (in ₹ crores)

Captain Fresh Balance Sheet (in ₹ crores)

How to Apply for the Captain Fresh IPO?

To apply for this IPO:

  • Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.

Captain Fresh IPO FAQs

The Captain Fresh IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Captain Fresh IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Captain Fresh IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Captain Fresh IPO has been fixed at ₹[-] per equity share.

You can apply for the Captain Fresh IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Captain Fresh IPO allotment will take place on [-].

You can check the Captain Fresh IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Captain Fresh shares will list on the stock exchanges on [-].

The exact dates of the IPO are yet to be announced.

Utham Gowda is the Chairman and MD of Captain Fresh.

The lot size of shares in this IPO is yet to be announced.

You can read more about Captain Fresh and its IPO from the company’s draft red herring prospectus here.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

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