DSM Fresh Foods Limited IPO Details

SME

DSM Fresh Foods IPO opens for subscription on 26 Sep 2025 and closes on 30 Sep 2025. The IPO will be listed on BSE with the tentative listing date set for 06 Oct 2025.

DSM Fresh Foods IPO price band has been fixed at ₹96 – ₹101 per share.The face value is ₹10 per share with a lot size of 1200.

DSM Fresh Foods IPO total issue size comprises 59,06,400 shares (aggregating up to ₹59.65 Cr). This includes a fresh issue of 59,06,400 shares (aggregating up to ₹59.65 Cr). Pre-issue shareholding stands at 1,63,80,738, which will increase to 2,22,87,138 post-issue.

DSM Fresh Foods IPO Lot Size : Individual Minimum is 2 lots (2,400 shares) amounting to ₹242,400. Individual Maximum is 2 lots (2,400 shares) amounting to ₹242,400. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹363,600. SHNI Maximum is 8 lots (9,600 shares) amounting to ₹969,600. BHNI Minimum is 9 lots (10,800 shares) amounting to ₹1,090,800.

The Lead Managers for DSM Fresh Foods IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Narnolia Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Alacrity Securities. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the DSM Fresh Foods Limited RHP.

DSM Fresh Foods IPO Details

Open Date
26 Sep 2025
Close Date
30 Sep 2025
Listing Date
06 Oct 2025
Issue Price
₹96 - ₹101
Face Value
₹10 per share
Lot Size
1200
GMP
₹0
Issue Type
IPO
Listing On
BSE
Type
Book Built Issue
Share holding pre issue
16380738
Share holding post issue
22287138
Total Issue Size
59,06,400 shares (aggregating up to ₹59.65 Cr)
Fresh Issue
59,06,400 shares (aggregating up to ₹59.65 Cr)
Offer for Sale
-

DSM Fresh Foods IPO Subscription

DSM Fresh Foods IPO Application Wise Breakup

DSM Fresh Foods IPO Dates

  • 26 Sep 2025
    Opening dateOPD
  • 30 Sep 2025
    Closing dateCOD
  • 01 Oct 2025
    Allotment Date BOA
  • 03 Oct 2025
    Initiation of RefundsIOR
  • 03 Oct 2025
    Credit of SharesCOS
  • 06 Oct 2025
    Listing dateLID

DSM Fresh Foods IPO Lot Size

ApplicationLotsSharesAmount
Individual Minimum22400₹242,400
Individual Maximum22400₹242,400
SHNI Minimum33600₹363,600
SHNI Maximum89600₹969,600
BHNI Minimum910800₹1,090,800

DSM Fresh Foods IPO Reservation

Promoter Holding

Pre Issue:38.24%
Post Issue:28.11%
Promoter Names:
Mr. Deepanshu Manchanda, Mrs. Priya Aggarwal

DSM Fresh Foods IPO Valuations

ROE:20.78%
ROCE:24.71%
DEBT/EQUITY:0.65
RONW:20.78%
PAT MARGIN:5.16%
PRICE TO BOOK VALUE:3.37
P/E Pre IPO:18.28
P/E Post IPO:24.87

DSM Fresh Foods Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets84.0450.0022.01
Total Income131.4790.6856.61
Profit After Tax9.054.672.74
EBITDA17.059.583.41
NET Worth49.0938.0416.54
Reserves and Surplus32.7037.9516.46
Total Borrowing31.707.652.07
Amount in ₹ Crore

About DSM Fresh Foods IPO

Established in May 2015 and headquartered in Gurgaon, Haryana, DSM Fresh Foods Limited, operating under the brand name Zappfresh, specialises in the online retail of fresh meat and ready-to-cook/eat products.

The company has positioned itself as a leading player in the direct-to-consumer (D2C) meat delivery segment.

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.

Zappfresh offers quality fresh meat via its website and mobile app, available on Android and ios, with over 100,000 downloads on the Play Store.

Zappfresh offers a diverse range of products, including

  • Fresh Meats: Chicken, mutton, pork, seafood, and specialty meats
  • Ready-to-Cook/Eat Items: Mutton Seekh Kebab, Chicken Cheese Nuggets, Masala Fish Fingers
  • Cold Cuts: Chicken Salami, Chicken Ham, sausages
  • Marinated Meats: Chicken Methi Tikka, Masala Wings, Chicken Tikka

As of July 31 2024, the company had 24 employees.

 

Strength Of DSM Fresh Foods IPO

1. Sustainable Business Model.

2. Continuous monitoring consumer behavior.

3. Change in market trends.

4. Quality Deliverables.

Risk Of DSM Fresh Foods IPO

1. We are recognized by our brand name.

2. The Pre-IPO shareholding of the promoter and promoter group is 38.24 % and the post-IPO shareholding will be 28.11%. The market's perception of their reduced involvement may impact the valuation and liquidity of their shares.

3. Our Registered Office and other branches from where we operate are not owned by us. If we are required to vacate the same, due to any reason whatsoever, it may adversely affect our business operations.

4. We have had negative cash flows in the past and may continue to have negative cash flows in the future.

5. Our Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such noncompliances / lapses may attract penalties and prosecution against the Company and its directors which could impact on the financial position of the Company to that extent.

6. Our company has made default in the refund of excess application money received on multiple allotments made during previous financial years.

7. Our company has inadvertently not conducted Annual General Meeting for the financial year 2017-2018 within the prescribed time limit under the Companies Act, 2013.

8. Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax and other applicable laws in previous years.

9. We may face the risk of counterfeit, cloned, and misrepresented products, which could diminish our sales and damage the reputation of our brands.

10. Our industry is highly vulnerable to serious disease outbreaks.

Objectives DSM Fresh Foods IPO

1. Capital Expenditure Requirement

2. Marketing Expenditure

3. Working Capital Requirement

4. Unidentified Acquistion and General Corporate Purposes

Company Contact Details

DSM Fresh Foods Ltd.
115-116, First Floor
Vishal Tower, District Centre
Janakpuri, Janakpuri B-1,
West Delhi, New Delhi, 110058
Phone: + 91 70422 88558
Email: compliance@zappfresh.com
Website: https://www.zappfresh.com/

Registrar Contact Details

Name: Maashitla Securities Private Limited
Phone: +91-11-45121795, +91-11-45121796

Comments