Surifresh Extract IPO Details
Issue Date
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Price Band
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Lot Size
-- Shares
IPO Size
N/A
Listing At
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Overall Subscription
--x
Schedule of Surifresh Extract IPO
IPO Open Date
IPO Close Date
Basis of Allotment
Refund Initiation
Credit of Shares
Listing on exchange
About Surifresh Extract Ltd IPO
The IPO of Surifresh Extract Ltd comprises a fresh issue of up to 3,15,12,000 equity shares of face value of ₹ 1 each. It’s a 100% book-building issue. The IPO opens on TBA and closes on TBA. The credit of shares will take place on TBA. The basis of allotment and the initiation of refunds will take place on TBA.
Objectives of Surifresh Extract Ltd
- To meet out the expenses for capital expenditure requirements for the purchase of components/machinery
- To meet out the expenses for working capital requirement for the company
- To meet out the expenses for general corporate purpose
Surifresh Extract Ltd IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 3,15,12,000 equity shares |
Offer for Sale | NA |
EPS in ₹ for FY 24 | 0.82 |
Surifresh Extract Ltd IPO Share Offer and Subscription Details
Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional Bidders | Not less than 15% of the offer |
Retail Individual Bidders | Not less than 35% of the offer |
Industry Outlook
The Indian juice market holds significant potential, particularly in urban centres and among younger, health conscious consumers. Companies are likely to expand their portfolios with sustainable packaging and innovative health-focused products to capture emerging opportunities.
As per the current market research conducted by the Source team, the India packaged juice market size is expected to record a CAGR of 6.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 1,309.22 million. By 2033, the valuation is anticipated to reach USD 2,211.90 million.
Company Information
Surifresh Extract Ltd is into the business of manufacturing juices under its own brand 33. It’s also into contract manufacturing for other juice brands & specialty beverage brands along with trading in fresh fruits. It specialises in pure juices that uses advanced cold-pressed and high-pressure processing (HPP) technologies.
Surifresh Extract Ltd Strengths
Dedicated national distribution coverage and a presence in major states and territories
Long-standing relationships with blue chip customers driving repeat business
Reputation for good-quality products delivered on-time
Demonstrable leadership effectiveness and organisational culture
Risks of Surifresh Extract Ltd
- No Own Property
The company does not own properties for the purpose of operations. The place of business of the company has been taken on lease. Any termination of the relevant lease or leave and license agreements in connection with such properties or its failure to pay annual lease rental, the same could adversely affect its operations.
- Pending litigation
There is outstanding litigation pending against the company which, if determined adversely, could affect their business, results of operations and financial condition.
- Geographical Concentration
Majority of the state wise revenues from operations for the last 3 years is majorly derived from Delhi & Karnataka. Any adverse developments affecting its operations in this state could have an adverse impact on its revenue and results of operations.
All Financial Information about Surifresh Extract
Year | Year Data |
|---|---|
FY24 | 77.227 |
FY23 | 61.387 |
FY22 | 0.277 |
Comparison with peers
Company Name | PAT (in ₹ crores) | EPS in ₹ | NAV in ₹ |
|---|---|---|---|
Surifresh Extract Ltd | 7.0612 | 0.82 | 1.72 |
Puretrop Fruits Ltd | 59.9506 | 60.59 | 143.44 |
Anchor Investor Bidding Date TBA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Bigshare Services Pvt Ltd
- Book Running Lead Manager: Narnolia Financial Services Ltd
Business Model
Specialising in pure juices that uses advanced Cold-pressed and High-Pressure Processing (HPP) technologies, Surifresh Extract Ltd is also into wholesale trading of fruits. Its fruit portfolio includes apple, dates, kiwi, plum, pear, etc.
Company Growth Trajectory
The company’s revenue from operations increased from ₹0.2773 crores in FY 22 to ₹77.2273 crores in FY 24. Its PAT increased from ₹ (0.5011) crores in FY 22 to ₹7.0612 crores in FY 24. Also, the company’s EBITDA increased from ₹ (0.3046) crores in FY 22 to ₹11.4076 crores in FY 24. Good quality products delivered on time and demonstrable leadership have helped the company grow over the years.
Market Position
Building on 30 years of experience of its promoters in fresh fruit in both domestic and international markets, Surifresh Extract Ltd has developed a reputation for providing fresh, healthy, good tasting, fine quality fruits to its customers in India. The company also imports fruits from countries like New Zealand, USA, Turkey etc. to fulfil the consumer demand throughout the year.
Surifresh Extract Ltd Profit and Loss
Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹crores) | 78.3543 | 61.9351 | 0.2773 |
Profit Before Tax (in ₹crores) | 9.2259 | (0.4948) | (0.5537) |
Profit After Tax (in ₹crores) | 7.0612 | (0.2426) | (0.5011) |
EPS in ₹ | 0.82 | -0.06 | -0.24 |
Surifresh Extract Ltd Balance Sheet
Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 9.2259 | (0.4948) | (0.5537) |
Net Cash Flow from Operations (in ₹ crores) | 8.0021 | (21.7586) | (0.3751) |
Net Cash Used in Investing Activities (in ₹ crores) | (1.8536) | (3.7734) | (0.00) |
Net Cash Flow from/ (used in) Financing Activities (in ₹ crores) | (5.9002) | 25.4457 | 1.5081 |
Cash and Cash Equivalents at the End of the Year (in ₹ crores) | 1.2950 | 1.0467 | 1.1330 |
How to Check Allotment Status of Surifresh Extract Ltd IPO?
1. Visit the Registrar’s Website
- Visit the official website of Bigshare Services Pvt Ltd
- Click on ‘IPO Allotment Status’ from ‘Solutions’
- Click on any one of the servers
- Choose company name and enter either your application number, PAN no or beneficiary ID
- Enter captcha and click on ‘Search’ to know the status
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Surifresh Extract Ltd 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.
Surifresh Extract IPO FAQs
The Surifresh Extract 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 Surifresh Extract IPO will open for subscription on [-] and will close on [-] for investors.
The lot size of Surifresh Extract IPO is null equity shares, requiring a minimum investment of [-] for retail investors applying in the IPO.
The price band of the Surifresh Extract IPO has been fixed at ₹[-] per equity share.
You can apply for the Surifresh Extract IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Surifresh Extract IPO allotment will take place on [-].
You can check the Surifresh Extract 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.
Surifresh Extract shares will list on the stock exchanges on [-].
You can find detailed information about the Surifresh Extract IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The IPO of Surifresh Extract Ltd comprises a fresh issue of 3,15,12,000 equity shares.
The exact dates of the IPO are yet to be announced.
You can read more about the IPO of Surifresh Extract Ltd from the company’s draft red herring prospectus here.
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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.










