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Company Information

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APEX FROZEN FOODS LTD.

20 June 2024 | 12:00

Industry >> Marine Foods

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ISIN No INE346W01013 BSE Code / NSE Code 540692 / APEX Book Value (Rs.) 159.06 Face Value 10.00
Bookclosure 30/09/2023 52Week High 286 EPS 4.67 P/E 50.23
Market Cap. 733.25 Cr. 52Week Low 188 P/BV / Div Yield (%) 1.48 / 0.85 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was originally formed as partnership firm constituted under the Partnership Act, 1932 on October 24, 1995 under the name "Apex Exports" pursant to a deed of partnership, having Karuturi Satyanarayana Murthy and Karuturi Padmavathi as partners. Subsequently, the partnership firm was reconstituted by the induction of new partners, Karuturi Subrahmanya Chowdary, Karuturi Neelima Devi, Sankuratri Ravi Kanth, Sankuratri Anitha Devi and Vallepalli Hanumantha Rao on January 1, 2012.

Apex Exports was thereafter converted from a partnership firm into a private limited company under Part IX of the Companies Act, 1956, with the name "Apex Frozen Foods Private Limited" and received a certificate of incorporation from Registrar of Companies, Andhra Pradesh on March 30, 2012. Subsequently, the Company was converted into a public limited company with the name "Apex Frozen Foods limited" and a fresh certificate of incorporation was granted by the Registrar of Companies, Hyderabad on November 29, 2016.

The registered office is situated at No. 3-160, Panasapadu, Kakinada, East Godavari, Andhra Pradesh - 533005. There has been no change in the registered office of the Company since incorporation.

Major events, milestones, achievement and awards:

1995

- Commenced business operations by formation of a partnership firm under the name "Apex Exports"

2004

- Setting up of processing facility at Kakinada Commencement of exports to US markets

2006

- Commencement of exports to European Market Received approval from Export Inspection Counsel of India for export to all countries including EU

2007

- Received Hazard Analysis and Critical Control Point for shrimp processing by SGS India Private Limited.

- Received Certification for Global Standard for Food Safety for Shrimp processing by SGS United Kingdom

2008

- Received "Best Acquaculture Practices" certificate from Accreditation Committee of Acquaculture Certification Counsel Inc.,

2012

- Conversion of partnership firm into private limited under the name "Apex Frozen Foods Private Limited"

2013

- Exhibiting the products in Seafood Expo Global held in Bruseels

2014

- Commenced work for setting up of additional pre processing facilities at Tallarevu Commenced In-house farming operations for shrimp cultivation.

2015

- The Company has received a certificate of recognition- three star export house from Directorate General of Foreign Trade, Visakhapatnam, Ministry of Commerce & Industry, Government of India.

2016

- The Company was converted from private limited company to public company

- Setting up of a pre-processing unit at Tallarevu for meeting additional demands

2017

- Farming of shrimp in over 1000 acres of land comprising of owned and leased basis.

- The IPO of up to 87,00,000 equity shares of face value of Rs 10 each will be offered through a book-building route at a price-band of Rs 171-175 per share. At the upper end, the shares can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.

-The issue will comprise of fresh issue of 72,50,000 shares and an offer for sale of 14,50,000 shares by promoters.