Apex Frozen Foods debuted at Rs 199.90 on the BSE, up by 24.90 points or 14.23% from its issue price of Rs 175.
The scrip is currently locked at its upper circuit limit of Rs 209.85, up by 34.85 points or 19.91% from its issue price. It has touched a high and low of Rs 209.85 and Rs 195.00 respectively. So far 2,23,000 shares were traded on the counter.
The offering, which was open for subscription between August 22 and August 24, was subscribed 6.14 times. The issue price was fixed at Rs 175 per share i.e. at upper end of price band of Rs 171-175 apiece.
Apex Frozen Foods is the integrated producer and exporter of shelf stable quality aquaculture products. It supplies ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors.
