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)

DateGMPKostakSubject 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 DateSeptember 12, 2022
IPO Closing DateSeptember 14, 2022
Basis of AllotmentSeptember 19, 2022
Initiation of RefundsSeptember 20, 2022
Credit of Shares to DematSeptember 21, 2022
IPO Listing DateSeptember 22, 2022

Tapi Fruit Processing IPO Details

IPO Price BandRs.48 Per Equity Share
IPO Lot SizeMinimum 3000 shares for 1 lot
Minimum AmountRs.1,44,000 for 1 lot
IPO SizeApprox. Rs.5.21 Crores
Listing AtBSE, NSE
Offer for Sale1,086,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
Click HereClick Here

Tapi Fruit Processing IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers1.30
Retail Investors2.11
Employees
Others
Total1.70

IPO Subscription Details (times)

Tapi Fruit Processing IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 12, 2022
0.190.250.22
Day 2
Sep 13, 2022
0.321.160.74
Day 3
Sep 14, 2022
1.302.111.70

Financial Report

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20589.181145.69-0.8617.36-7.64
31-Mar-21737.41312.510.0627.422.42
31-Mar-22802.881522.0915.643.0218.02

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 ReviewAvoid

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/

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