Apex Frozen Foods IPO is opening today. Simply one suggestion: Go for it.
I like the business. It supplies ready to cook frozen sea foods to food companies, retail chains, restaurants, club stores and distributors of USA, UK and various other European countries.You can visit the company website here:http://apexfrozenfoods.in
Apex food now has a facility to process 9240 MTPA of processed food.It also operates a facility which has a capacity of 3000 MTPA. The proceeds from the IPO will be used to set up a new facility with the capacity of 20,000 MTPA.The valuation of the IPO is also fair, considering that it is available for subscription at a PE of about 17.The other companies in this category are listed at much higher valuation.
Considering everything, it is must subscribe.It is good for long-term investment as the company’s revenue has grown at a CAGR of 29.10% and PAT grew by 26.89% over last five years.