Tapi Fruit Processing Limited is a manufacturer of fruit jelly products like candied, crystallized, glazed fruits, fruit bars, fruit jellies, fruit jams and fruit leathers, fruit relishes & sauces, beverages, fruit pulps, fruit syrups, and nutritional products like Vitamin Gummies. The Company was started in 1999 by its founder Director, Ghanshyam Lukhi, as a proprietorship company named Tapi Food Products. The products of the company are manufactured at its own production unit located at Pipodara village, Dist. Tapi Fruit Processing Limited has obtained multiple certifications and accreditations including ISO 22000:2018 certifications and the Food Safety and Standards Authority of India (FSSAI).
The company has developed a wide distribution network pan-India, and for the financial year ended March 31, 2022, the company distributed products in 28 states and union territories of India, across an extensive network of 60 super-sellers. Tapi Fruit Processing has leveraged our understanding of target markets and consumer segments, product innovation capabilities, wide distribution networks, and strategically located production facilities, and focused on marketing and promotional activities over the years, in order to reinforce its brand identity and build its brands presence in all parts of India.
Candies, Crystalized & Glycerated fruits and vegetables products (“Candied fruits”): These products are made from 100% fruits and vegetables cooked in sugar syrup. Products under this category include Tooty Fruity, Karonda Cherry, Amla Candy. Fruit bars, jellies, fruit jams, and fruit leathers (“fruit jellies”): A product made from dried, naturally occurring fruit pulp, and formed into roll form or a bar. Products in this category include mango fruit rolls, tamarind bars, etc.
These are fruit jellies made with sugar, glucose, pectin together with the pulp of fruits added for flavoring and colour. Chutneys and Soups: In this category, the company markets Ketchup made with tomato pulp, with our trademark Tapi. Beverages: In this category, products include fruit crushes and fruit syrups.
Nutraceutical products: Tapi produces herb-based dietary products such as gummies, enriched with minerals, which are used as a functional food. These products are available in form of Multi Vitamin gummies, etc.
All products are made at the tapi production unit located at Pipodara village, Dist. Surat, Gujarat, allowing effective monitoring of manufacturing processes and to assure the uniform quality of its products.
Tapi Fruit Processing IPO GMP (Grey Market Premium)
| Date | GMP | Kostak | Subject to |
| 13 September | – | – | – |
Tapi Fruit Processing IPO Allotment Status
| Harsha Engineers IPO Allotment Status (Allotment will be done on September 19, 2022) | Click Here |
Important Dates
| IPO Opening Date | September 12, 2022 |
| IPO Closing Date | September 14, 2022 |
| Basis of Allotment | September 19, 2022 |
| Initiation of Refunds | September 20, 2022 |
| Credit of Shares to Demat | September 21, 2022 |
| IPO Listing Date | September 22, 2022 |
Tapi Fruit Processing IPO Details
| IPO Price Band | Rs.48 Per Equity Share |
| IPO Lot Size | Minimum 3000 shares for 1 lot |
| Minimum Amount | Rs.1,44,000 for 1 lot |
| IPO Size | Approx. Rs.5.21 Crores |
| Listing At | BSE, NSE |
| Offer for Sale | 1,086,000 Equity Shares |
| Retail Quota: | 50% |
| QIB Quota: | – |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| Click Here | Click Here |
Tapi Fruit Processing IPO Subscription Status Live
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 1.30 |
| Retail Investors | 2.11 |
| Employees | – |
| Others | – |
| Total | 1.70 |
IPO Subscription Details (times)
Tapi Fruit Processing IPO Subscription Details (times)
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Sep 12, 2022 | 0.19 | 0.25 | 0.22 |
| Day 2 Sep 13, 2022 | 0.32 | 1.16 | 0.74 |
| Day 3 Sep 14, 2022 | 1.30 | 2.11 | 1.70 |
Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 589.18 | 1145.69 | -0.86 | 17.36 | -7.64 |
| 31-Mar-21 | 737.4 | 1312.5 | 10.06 | 27.42 | 2.42 |
| 31-Mar-22 | 802.88 | 1522.09 | 15.6 | 43.02 | 18.02 |
Valuation – FY2022
| Earning Per Share (EPS): | Rs.1.66 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.26% |
| Net Asset Value (NAV): | Rs.4.56 per Equity Share |
Tapi Fruit Processing IPO Review
| What our Expert say about Tapi Fruit Processing IPO Review | Avoid |
Objective of the Issue
- Meeting incremental working capital requirements.
- Repayment / prepayment of certain borrowings availed by the Company.
- General Corporate Purpose.
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Peer Group
- N/A
Company Promoters
- Ghanshyambhai Laljibhai Lukhi
- Ashokkumar Laljibhai Lukhi
Company Address
Tapi Fruit Processing Limited
Office No. – 212 to 214,
Sunrise Chambers, Near Ashok Colony,
Mini Bazar, Varachha Road, Surat – 395006
Phone: 9825503717
Email: cs@tapifood.com
Website: https://www.tapifood.com/
