What is the price band of the Apex Frozen Foods IPO?

The price band is ₹171–175 per share, and the final issue price is ₹175.

What is the lot size of the Apex Frozen Foods IPO?

One lot is 80 shares, so the minimum retail bid is ₹14,000 at the upper end of the price band.

When is the Apex Frozen Foods IPO listing date?

The shares listed on 04 September 2017.

How many times was the Apex Frozen Foods IPO subscribed?

It was subscribed 6.14x overall: QIB 1.91x, NII 7.82x and retail 8.53x (NSE and BSE together).

Apex Frozen Foods IPO

Apex Frozen Foods Limited (APEX) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 04 September 2017.

Listed 4 Sep Subscribed 6.14x Listing gain +15.4%

Issue details

Price band

₹171–175

Issue price

₹175

Lot size

80 shares

Min. retail bid

₹14,000

Max. retail bid

14 lots (₹1,96,000)

Issue size

₹152 Cr

Face value

₹10

Bidding

22 Aug – 24 Aug 2017

Listing

04 Sep 2017

Retail quota

35%

Registrar

Bigshare Services Private Limited

Listing day

Listed at

₹202

+15.4% vs issue price ₹175

Day's high

₹212

+21.2% · low ₹202 (+15.4%)

Day's close

₹212

+21.2% · traded ₹30.8 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	16,60,000	31,78,400	1.91x
NII (HNI) total	12,45,000	97,32,400	7.82x
Retail	29,05,000	2,47,86,480	8.53x
Employees	4,00,000	4,40,320	1.10x
Total	62,10,000	3,81,37,600	6.14x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 52% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Apex Frozen Foods's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
PSP ProjectsMay 2017	8.38x	10.4x	6.47x	8.58x	₹212 Cr	-9.5%	-5.0%
S.P. ApparelsAug 2016	2.21x	5.10x	1.90x	2.66x	₹254 Cr	+2.6%	+7.7%
HPL Electric and PowerSep 2016	5.77x	22.2x	3.31x	8.06x	₹417 Cr	-5.9%	-2.0%
Security and Intelligence Services (India)Aug 2017	5.64x	1.66x	19.5x	7.07x	₹789 Cr	+8.0%	+8.0%
GTPL HathwayJun 2017	1.48x	2.85x	0.99x	1.53x	₹492 Cr	0.0%	+2.9%
Precision CamshaftsJan 2016	2.62x	0.73x	2.01x	1.91x	₹424 Cr	-11.3%	-0.5%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Karvy Investor Services	—	—	—

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Apex Frozen Foods IPO price band and lot size? ₹171–175 per share, with a lot of 80 shares, so the smallest retail bid is ₹14,000.

How many times has it been subscribed? 6.14x overall: QIB 1.91x, NII 7.82x, retail 8.53x, employees 1.10x.

How did it list? It opened at ₹202, +15.4% against the issue price of ₹175, and closed its first day +21.2%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.