DSM Fresh Foods IPO
Open SmeCurrent GMP
₹3 (+2.97%)
Price Band
₹ 96 – 101
Lot Size
1200
Issue Size
₹59.65 Cr
Minimum Investment
₹242400 (2400 Shares)
Listing Date
09 October 2025
Subscription
1.33x
About the Company
Incorporated in May 2015, DSM Fresh Foods Limited is engaged in the retail business of fresh meat and ready-to-cook/eat non-vegetarian products.
Operating under the brand name Zappfresh, the company specializes in the online retail of fresh, hygienic, and responsibly sourced meat products. Through its user-friendly website and mobile application, Zappfresh provides a wide selection of poultry, seafood, mutton, pork, exotic meats, and value-added non-veg products. The platform ensures that all products are delivered fresh to consumers’ doorsteps.
The Zappfresh app, available on both Android and iOS, has recorded over 100,000 downloads on the Play Store, highlighting its strong consumer adoption.
Product Portfolio:
- 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 August 13, 2025, the company employed 46 people.
Promoters
- Mr. Deepanshu Manchanda
- Mrs. Priya Aggarwal
Promoters Holding
Holding Pre Issue
38.24%
Holding Post Issue
28.11%
Objects of the Issue
The Company DSM Fresh Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure Requirement
- Marketing Expenditure
- Working Capital Requirement
- Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 26 September 2025
IPO Close Date
Monday, 06 October 2025
Basis of Allotment
Tuesday, 07 October 2025
Initiation of Refunds
Wednesday, 08 October 2025
Credit of Shares to Demat
Wednesday, 08 October 2025
Listing Date
Thursday, 09 October 2025 — NSE & BSE
Important Dates
Open Date
26 September 2025
Close Date
06 October 2025
Basis Of Allotment
07 October 2025
Listing Date
09 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 84.04 | 50 | 22.01 |
| Revenue | 131.47 | 90.68 | 56.61 |
| Profit After Tax | 9.05 | 4.67 | 2.74 |
| Net Worth | 49.09 | 38.04 | 16.54 |
| Reserve & Surplus | 32.7 | 37.95 | 16.46 |
| Total Borrowings | 31.7 | 7.65 | 2.07 |
EPS Pre
5.53%
EPS Post
4.06%
P/E Pre
18.28
P/E (Post Issue)
24.87x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 |
|---|---|
| ROE % | 20.78 |
| ROCE % | 24.71 |
| Debt / Equity | 0.65 |
| RoNW % | 20.78 |
| PbW | 0 |
| Pat Margin % | 5.16 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1116000 | 26.32 | 0 |
| Non-Institutional | 1170000 | 27.6 | 0 |
| Retail Investors | 1953600 | 46.08 | 0 |
| Total | 4239600 | 100 | 0 |
Subscription Status ( Mon, 06 Oct 25 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1116000 | 1705200 | 1.53x |
| Non-Institutional | 1170000 | 2059200 | 1.76x |
| Retail Investors | 1953600 | 1879200 | 0.96x |
| Total | 4239600 | 5643600 | 1.33x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| DSM Fresh Foods Limited | 10 | 0.00 | 5.53 | 5.53 | 20.78 | 0.00 |
| Chatha Foods Limited | 10 | 37.08 | 2.67 | 2.67 | 7.34 | 0.00 |
| Tasty Bite Eatables Ltd | 10 | 94.72 | 99.80 | 99.80 | 8.23 | 0.00 |
| HMA Agro Industries Ltd | 1 | 25.50 | 1.20 | 1.20 | 7.71 | 0.00 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 242,400.00 |
| Retail (Max) | 2 | 2,400 | 242,400.00 |
| S-HNI (Min) | 3 | 3,600 | 363,600.00 |
| S-HNI (Max) | 8 | 9,600 | 969,600.00 |
| B-HNI (Min) | 9 | 10,800 | 1,090,800.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Narnolia Financial Services
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
DSM Fresh Foods IPO is a Book-building IPO worth ₹59.65 crores. The price band is ₹96 to 101 per share. The IPO opens on Fri, Sep 26, 2025 and closes on Mon, Oct 6, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The DSM Fresh Foods IPO opens on Fri, Sep 26, 2025 and closes on Mon, Oct 6, 2025
DSM Fresh Foods IPO Price Band is ₹96 to 101.
DSM Fresh Foods IPO lot size is 1200, and the minimum amount required for application is ₹242400.
The minimum investment for DSM Fresh Foods IPO is approximately ₹242400 based on the upper price band.
To apply for the DSM Fresh Foods IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Oct 6, 2025. After submission, funds are blocked until the basis of allotment of DSM Fresh Foods IPO is finalised.
DSM Fresh Foods IPO issue size is ₹59.65 crores.
DSM Fresh Foods IPO allotment date is Sat, Jun 27, 2026.
The registrar for DSM Fresh Foods IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to DSM Fresh Foods IPO through their official website or helpline.
The DSM Fresh Foods IPO GMP (Grey Market Premium) is ₹3 as of Tue, Sep 30, 2025. Based on the upper price band of ₹101 per share, the estimated DSM Fresh Foods IPO listing price is ₹104, indicating a potential listing gain of approximately 31% over the issue price.