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Captain Fresh IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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About Captain Fresh IPO
B2B seafood company Captain Fresh has filed its draft red herring prospectus with Sebi through the confidential route for its IPO. Through the IPO, the company aims to raise ₹1700 crores. Captain Fresh IPO opens on [XX] and closes on [YY]. The allotment of shares will take place on [TBA]. The credit of shares to the Demat account will take place on [TBA]. The initiation of refunds will take place on [TBA]. The listing of shares will take place on [TBA]. Captain Fresh is into fish and seafood markets. It helps businesses procure fresh produce and supports their processing and distribution.
Objectives of Captain Fresh IPO
The company proposes to utilise the IPO proceeds for acquisitions in the US and Europe. The company eyes B2C expansion in higher global markets.
Captain Fresh IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | TBA | TBA | TBA |
Individual Investors (Retail) (Max) | TBA | TBA | TBA |
S-HNI (Min) | TBA | TBA | TBA |
S-HNI (Max) | TBA | TBA | TBA |
B-HNI (Min) | TBA | TBA | TBA |
Captain Fresh IPO Offer and Subscription Details
Industry Outlook
According to an analysis, the Indian seafood market size was estimated at around USD 14.65 billion in 2024 and is projected to grow from USD 15.07 billion in 2025 to USD 20 billion by 2035, at a CAGR of 2.87% during the forecast period.
On the other hand, the Indian fish market size was valued at 22.32 million tons in 2024 and is expected to reach 43.77 million tons by 20233, at a CAGR of 7.38% from 2025 to 2033.
Captain Fresh Company Information
Captain Fresh was founded in 2020. It runs a tech-led seafood supply chain. It caters to Indian and global markets, including the US, Europe and the Middle East. The company aspires to transform the seafood industry by delivering high quality and reliable seafood to its customers.
Strengths of Captain Fresh
TBA
Risks of Captain Fresh
TBA
Captain Fresh Financials (in ₹ crores)
| Year | Revenue from Operations | Total equity and liabilities | Return on Net Worth (in %) |
|---|---|---|---|
FY25 | TBA | TBA | TBA |
FY24 | TBA | TBA | TBA |
FY23 | TBA | TBA | TBA |
Peer Comparison
| Company | Revenue from Operations (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
Captain Fresh | TBA | TBA | TBA | TBA |
Peer A | TBA | TBA | TBA | TBA |
Peer B | TBA | TBA | TBA | TBA |
Anchor Investor Bidding Date
TBA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: TBA
- Book Running Lead Manager: TBA
Captain Fresh Business Model
Captain Fresh offers seafood in various categories, including shrimp, salmon, crab & lobster, tuna, fish etc. Note that prior to its IPO, the company had raised ₹250 crores in its pre-IPO round.
Captain Fresh Growth Trajectory
The gross revenue of Captain Fresh rose 71% to ₹1395 crores in FY 24, from ₹817 crores in FY 23. It also reduced its net loss by 22% to ₹229 crores from ₹294 crores during the same period.
Captain Fresh Market Position
Captain Fresh is one of the foremost companies catering to the demands of seafood lovers in India and abroad. It services 500–1,000 wholesalers in the US. This accounts for nearly 60% of its demand.
Captain Fresh Profit and Loss (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income | TBA | TBA | TBA |
Profit Before Tax | TBA | TBA | TBA |
Profit After Tax | TBA | TBA | TBA |
EBITDA | TBA | TBA | TBA |
EPS in ₹ | TBA | TBA | TBA |
Captain Fresh Balance Sheet (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit Before Tax | TBA | TBA | TBA |
Net Cash Flow Generated/ (used in) from Operating Activities | TBA | TBA | TBA |
Net Cash Flow Generated/ (used in) From Investing Activities | TBA | TBA | TBA |
Net Cash Flow Generated/ (used in)from Financing Activities | TBA | TBA | TBA |
Cash and Cash Equivalents at the End of the Year | TBA | TBA | TBA |
How to Apply for the Captain Fresh IPO?
To apply for this IPO:
- Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Captain Fresh IPO FAQs
What is the Captain Fresh IPO?
As per reports, Captain Fresh IPO comprises a fresh issue. The fresh issue aggregates up to ₹1700 crores.
When is the IPO of Captain Fresh coming?
The exact dates of the IPO are yet to be announced.
Who is the Chairman and MD of Captain Fresh?
Utham Gowda is the Chairman and MD of Captain Fresh.
What is the lot size of shares in the Captain Fresh IPO?
The lot size of shares in this IPO is yet to be announced.
From where can I read more about Captain Fresh and its IPO?
You can read more about Captain Fresh and its IPO from the company’s draft red herring prospectus here.