IPO

DSM Fresh Foods Limited IPO

BSE SME

Listed On: Oct 9, 2025 at ₹ 120.0

₹ 240000 /2400 Shares
*Min Investment

Check Allotment

26 Sep, 2025

Open Date

06 Oct, 2025

Close Date

07 Oct, 2025

Allotment Date

09 Oct, 2025

Listing Date
DSM Fresh Foods IPO Live Subscription Details
View Subscription Details
QIB 1.53x
Retail 0.96x
NIIs 2.45x
BHNI 3.30x
SHNI 0.74x
Retail 0.96x
Total 1.44x
Last updated: 06 Oct 2025, 06:55 PM
DSM Fresh Foods IPO Issue Details
  • Issue Price ₹95-100 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 59,06,400 shares(aggregating up to ₹59.06 crore)
  • Fresh Share 59,06,400 shares(aggregating up to ₹59.06 crore)
  • Listing at BSE SME
  • List Price 120.0
  • Listing Date 2025-10-09
  • Lead Manager Narnolia Financial Services Ltd.
  • Registrar Maashitla Securities Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)22400₹2,42,400
Retail(max)22400₹2,42,400
SHNI(min) 33,600₹3,63,600
SHNI(max) 89,600₹9,69,600
BHNI(min) 910,800₹10,90,800
DSM Fresh Foods IPO Reservation

DSM Fresh Foods IPO offers total 5906400 shares. Out of which 1116000 (18.89%) allocated to QIB, 838800 (14.2%) allocated to NII,1953600 (33.08%) allocated to RII, NA (NA%) allocated to employees and 1666800 (28.22%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered1666800 (28.22%)
Market Maker Shares Offered331200 (5.61%)
QIB Shares Offered1116000 (18.89%)
NII (HNI) Shares Offered838800 (14.2%)
bNII < ₹10L561600 (9.51%)
sNII < ₹10L277200 (4.69%)
Retail Shares Offered1953600 (33.08%)
Total Shares Offered5906400 (100%)
DSM Fresh Foods IPO Documents
DSM Fresh Foods IPO Details


DSM Fresh Foods Limited IPO is an SME IPO, priced at ₹95-100 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 59,06,400 equity shares, aggregating up to ₹59.06 crores..

The IPO bidding window is open from Sep 26, 2025 to Oct 6, 2025. The allotment is expected to be finalized on Oct 7, 2025, and the tentative listing date is Oct 9, 2025.

The minimum lot size for Retail investors is 2400 shares, with a minimum investment of ₹2,42,400.

Narnolia Financial Services Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and Alacrity Securities Ltd. will act as the market maker for this issue.

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DSM Fresh Foods IPO Subscription Analysis And Details
Retail
0.96x
Total
1.36x
As onQIB / NIIRetailTotal
Shares Offered / Reserved11,16,000 / 8,38,80019,53,60039,08,400
Day 1 26-09-25 06:00 PM
0.44 / 0.21 x0.08 x0.21 x
Day 2 29-09-25 06:00 PM
0.44 / 0.22 x0.14 x0.24 x
Day 3 30-09-25 06:00 PM
1.00 / 0.72 x0.27 x0.57 x
Day 4 01-10-25 06:00 PM
1.00 / 0.78 x0.29 x0.60 x
Day 5 03-10-25 06:00 PM
1.45 / 1.25 x0.51 x0.94 x
Day 6 06-10-25 06:00 PM
1.53 / 2.06 x0.96 x1.36 x

Total No of Applications
870
DSM Fresh Foods Valuations
EPS Pre IPO ₹5.53
EPS Post IPO ₹4.06
P/E Pre IPO 18.28
P/E Post IPO 24.87
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
DSM Fresh Foods Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets84.0450.0022.01
Revenue131.4790.6856.61
Profit After Tax9.054.672.74
Net Worth49.0938.0416.54
Reserves & Surplus32.7037.9516.46
Total Borrowing31.707.652.07
About DSM Fresh Foods Company

Incorporated on May 2015, DSM Fresh Foods Limited is carrying on the business of fresh meat and ready-to-cook/eat non-veg products retailer.

Operational under the name Zappfresh, they specialize in the retail of fresh meat and ready-to-cook/eat products online.

The website and app provide easy-to-use access to a variety of fresh, hygienically sourced meats, from poultry and seafood to exotic varieties. The company makes sure that all produce reaches customers fresh.

Zappfresh provides fresh quality meat through its website and mobile application, both of which are on Android and ios and have been downloaded more than 100,000 times on the Play Store.

Products:

Fresh Meats: Chicken, mutton, pork, sea foods, 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 August 13, 2025, the company employed 46 people.

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DSM Fresh Foods - Promoter(s)

Mr. Deepanshu Manchanda

Mrs. Priya Aggarwal.

Pre Issue Share Holding : 38.24%

Post Issue Share Holding : 28.11%

DSM Fresh Foods IPO - Issue Objectives
1

Capital Expenditure Requirement

2

Marketing Expenditure

3

Working Capital Requirement

4

Unidentified Acquistion and General Corporate Purposes

Contact Details

DSM Fresh Foods

115-116, First Floor Vishal Tower, District Centre Janakpuri, Janakpuri B-1, West Delhi, New Delhi, 110058

+ 91 70422 88558

compliance@zappfresh.com

https://www.zappfresh.com/

Registrar Contact Details

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues