DSM Fresh Foods IPO
DSM Fresh Foods IPO
Overview
DSM Fresh Foods IPO is a book build issue of ₹59.65 crores. The issue is entirely a fresh issue of 0.59 crore shares of ₹59.65 crore. DSM Fresh Foods IPO opens for subscription on Sep 26, 2025 and closes on Sep 30, 2025. The allotment for the DSM Fresh Foods IPO is expected to be finalized on Oct 1, 2025. DSM Fresh Foods IPO will list on BSE SME with a tentative listing date fixed as Oct 6, 2025. DSM Fresh Foods IPO price band is set at ₹96.00 to ₹101.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,42,400.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,63,600. Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Total Shares
59,06,400
Issue Size
₹59.65 Cr
Price Band
₹96 – ₹101
Lot Size
1200 shares
Min. Investment
₹2,42,400
Max. Investment
₹2,42,400
Open Date
26 Sep, 2025
Close Date
30 Sep, 2025
Allotment
01 Oct, 2025
Listing
06 Oct, 2025
Max. Investment
₹2,42,400
Announced
26 Sep, 2025
Opening Date
26 Sep, 2025
Closing Date
30 Sep, 2025
Basis of Allotment
01 Oct, 2025
Initiation of Refunds
03 Oct, 2025
Credit of Shares
03 Oct, 2025
Listing Date
06 Oct, 2025
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About DSM Fresh Foods IPO
Incorporated in May 2015, DSM Fresh Foods Limited is engaged in the business of fresh meat and ready-to-cook/eat non-veg products retailer.
The company operating under the brand name Zappfresh, specialises in the online retail of fresh meat and ready-to-cook/eat products.
The user-friendly website and app offer diverse, fresh, hygienically sourced meats, including poultry, seafood, and exotic options. The company ensures that all produce reaches consumers fresh
DSM Fresh Foods IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
DSM Fresh Foods IPO Promoters Holding
DSM Fresh Foods IPO Financial Health
DSM Fresh Foods Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
DSM Fresh Foods IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,42,400 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,42,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,63,600 |
| S-HNI (Max) | 8 | 9600 | ₹9,69,600 |
| B-HNI (Min) | 9 | 10800 | ₹10,90,800 |
(All values in CR)
DSM Fresh Foods IPO Valuations
The market capitalization of DSM Fresh Foods IPO is ₹225.10 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 20.78 |
| ROCE | 24.71 |
| Debt/Equity | 0.65 |
| RoNW | 20.78 |
| PAT Margin | 5.16 |
| EBITDA Margin | 13.04 |
| Price to Book Value | 3.37 |
(All values in CR)
DSM Fresh Foods IPO Strength & Risk
DSM Fresh Foods IPO Strength:
Operates as an omnichannel fresh meat and seafood retailer with both B2C and B2B models.
Integrated supply chain encompassing sourcing, processing, cold storage, and distribution.
Strong brand presence in urban markets, particularly in Bengaluru and Mumbai.
Positioned in a rapidly formalizing and growing organized meat retail sector.
Experienced management team with a track record of scaling operations.
Positive financial performance with a 60% YoY revenue growth in FY24.
Net profit increased by 70% to ₹4.7 crore in FY24.
Listing on the BSE SME platform enhances visibility and credibility.
DSM Fresh Foods IPO Risk:
High dependence on urban markets for revenue generation.
Regulatory challenges related to food safety and hygiene standards.
Vulnerability to fluctuations in raw material prices and supply chain disruptions.
Intense competition from both organized and unorganized players in the meat retail sector.
Potential challenges in scaling operations to meet growing demand.
Risks associated with maintaining product quality and customer satisfaction.
Exposure to economic downturns affecting consumer spending on premium products.
Need for continuous investment in technology and infrastructure to stay competitive.
DSM Fresh Foods IPO Subscriptions Status
DSM Fresh Foods IPO subscribed 0.60 times. The public issue subscribed 0.29 times in the individual investors category, 1.00 times in QIB (Ex Anchor), and 0.78 times in the NII category by October 1, 2025 5:05:07 PM (Day 4).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 16,66,800 | 16,66,800 | 16.668 |
| Market Maker | 1.00 | 3,31,200 | 3,31,200 | 3.312 |
| QIB (Ex Anchor) | 1.00 | 11,16,000 | 11,16,000 | 11.16 |
| Non-Institutional Buyers | 0.78 | 8,38,800 | 6,56,400 | 6.564 |
| bNII (bids above ₹10L) | 1.03 | 5,61,600 | 5,76,000 | 5.76 |
| sNII (bids below ₹10L) | 0.29 | 2,77,200 | 80,400 | 0.804 |
| Individual Investors (IND category bidding for 2 Lots) | 0.29 | 19,53,600 | 5,61,600 | 5.616 |
| Total | 0.60 | 39,08,400 | 23,34,000 | 23.34 |
DSM Fresh Foods IPO GMP
DSM Fresh Foods SME IPO last GMP is ₹0, last updated Oct 1st 2025 04:32 PM. With the price band of 100.00, DSM Fresh Foods SME IPO's estimated listing price is ₹100 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 01 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Oct, 2025 | 100 | ₹0 | - | ₹100 (0.00%) | - | 01 Oct, 2025 |
| 30 Sep, 2025 | 101 | ₹0▼ | - | ₹101 (0.00%) | - | 30 Sep, 2025 |
| 29 Sep, 2025 | 101 | ₹3▲ | 2700 | ₹104 (2.97%) | 3600 | 29 Sep, 2025 |
| 28 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 24 Sep, 2025 |
| 23 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 23 Sep, 2025 |
| 22 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 22 Sep, 2025 |
| 21 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 21 Sep, 2025 |
| 20 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 20 Sep, 2025 |
| 19 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 19 Sep, 2025 |
| 18 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 18 Sep, 2025 |
| 17 Sep, 2025 | 101 | ₹0 | - | ₹101 (0.00%) | - | 17 Sep, 2025 |
| 16 Sep, 2025 | 101 | ₹0 | - | ₹ (%) | - | 16 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for DSM Fresh Foods IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find DSM Fresh Foods IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.