Freshara Agro Exports IPO day 1: The initial public offering (IPO) of Freshara Agro Exports, a company specialising in the exports of processed gherkins and pickled vegetables, opened for bidding on Thursday, October 17. The issue has already received a strong response from investors.As of 02:30 p.m., the issue was booked 7.24 times. The portion allocated for retail investors was subscribed 10.26 times and that of non-institutional investors (NIIs) at 5.18 times. The qualified institutional buyer (QIB) portion was booked 3.51 times, as per the exchange data.Also Read | Hyundai IPO Day 3 Live Update: Issue subscribed 2.22x so far, GMP fallsThe net proceeds from the IPO will be utilised for working capital requirements, capital expenditure, general corporate expenses, and issue expenses. Meanwhile, the current grey market premium (GMP) of the issue indicates that the shares of the company could list at a stellar premium of over 64.65 per cent.Freshara Agro Exports issue details1….
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