Upcoming IPO- Flemingo Travel Retail IPO

Flemingo Travel Retail Company Profile:

Flemingo Travel Retail Limited is a global travel retail operator specializing in duty-free sales across 27 countries. The Flemingo journey began in 1997 as a Dubai based company with a clear vision to capitalize on the trade routes between East Africa and the Middle East. Flemingo is a global duty-free and travels retail operator with a focus on developing markets. Nearly two decades ago, realizing the potential in the trade routes between East Africa and the Middle East, Flemingo opened its first outlet in Africa and its distribution business in Dubai. This was followed by further expansion in Africa.

In 2003, Flemingo entered Asia with its first outlet in India. Flemingo acquired Baltona in 2010 and entered the European region followed by the acquisition of Iris Ekspres, the Turkey-based In-flight duty-free operator. Flemingo acquired Chacalli-De Decker in 2013, a specialist in the supply of duty and tax-free goods to diplomats, UN organizations and military missions. In 2014, Harding Retail became part of the Flemingo group. Today, Flemingo is present in 34 countries with over 200 operations in Asia, Africa, Europe, and LATAM. Flemingo operates across different formats like duty-free shops in airports, cruise ships, borders, downtown, seaports; UN commissary shops, diplomatic duty-free in addition to in-flight supply as well as convenience stores, food & beverage and luxury retail outlets at airports.

Flemingo Travel Retail IPO Promoters:

Atul Ahuja and Flemingo International Limited.

Flemingo Travel Retail IPO Details:

Flemingo Travel Retail IPO Date: The IPO date is expected to be the end of this calendar year.

Flemingo Travel Retail IPO Registrar: Link Intime India private limited.

Flemingo Travel Retail IPO Allotment Status: The issue date is not released yet; the allotment status is not out. The allotment status will be announced about 2 -3 weeks of the IPO issue date.

Flemingo Travel Retail IPO Grey Market Price, Rates, GMP Premium:

Flemingo Travel Retail Grey Market price not known.

Flemingo Travel Retail IPO Price Brand: The IPO price band will be known after the offer price is released.

Flemingo Travel Retail IPO Issue Size: Flemingo Travel Retail Issue size is expected around Rs.2500 crores. But the actual number to be updated soon.

Flemingo Travel Retail IPO Equity Shares Offerings: The Equity Shares is not released yet.

Flemingo Travel Retail IPO lead Managers: The details of the IPO lead Managers are not known yet. It will be known after the company releases the draft red herring prospectus.