DSM Fresh Foods IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Fri, 26 Sep 2025
Close Date
Mon, 06 Oct 2025
Price Band
₹ 96 – 101
Lot Size
1200
Issue Size
₹ 59.65 Cr
Minimum Investment
₹ 242,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
DSM Fresh Foods IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹59.65 Crore, comprising a fresh issue of 59.06 Lakh equity shares aggregating to ₹59.65 Crore.
The DSM Fresh Foods IPO remained open for subscription from September 26, 2025, to October 06, 2025. The basis of allotment was finalized on October 07, 2025, and the company's shares were listed on BSE SME Platform on October 09, 2025.
The company had fixed the price band at ₹96 to ₹101 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹242,400 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Narnolia Financial Services acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, DSM Fresh Foods Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
DSM Fresh Foods IPO Timeline (Tentative)
- IPO Open Date
- Fri, 26 Sep 25
- IPO Close Date
- Mon, 06 Oct 25
- Basis of Allotment
- Tue, 07 Oct 25
- Initiation of Refunds
- Wed, 08 Oct 25
- Credit of Shares to Demat
- Wed, 08 Oct 25
- Listing Date
- Thu, 09 Oct 25 — NSE & BSE
Open Date
26 September 2025
Close Date
06 October 2025
Basis Of Allotment
07 October 2025
Listing Date
09 October 2025
IPO Subscription
Check Live Subscription →The DSM Fresh Foods IPO has received bids for 56,43,600 shares against 42,39,600 shares offered, resulting in an overall subscription of 1.33x. the NII category is subscribed 1.76x, Retail Investors 0.96x, and QIBs 1.53x.
QIB
1.53x
NII
1.76x
RII
0.96x
Total
1.33x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,53,600 shares, representing 46.08% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,16,000 shares (26.32%), while Non-Institutional Investors (NIIs) receive 11,70,000 shares (27.6%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,116,000 | 26.32% |
| Non-Institutional | 1,170,000 | 27.6% |
| Retail Investors | 1,953,600 | 46.08% |
| Total | 4,239,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
DSM Fresh Foods Limited KPI Information
| Particular | Mar 2025 |
|---|---|
| ROE % | 20.78 |
| ROCE % | 24.71 |
| Debt / Equity | 0.65 |
| RoNW % | 20.78 |
| Pat Margin % | 5.16 |
Peers Comparison
| 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 |
About DSM Fresh Foods Limited
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.
DSM Fresh Foods IPO Promoters
- Mr. Deepanshu Manchanda
- Mrs. Priya Aggarwal
Promoters Holding
Holding Pre Issue
38.24%
Holding Post Issue
28.11%
DSM Fresh Foods IPO Objective
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
DSM Fresh Foods Limited Address / 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/
IPO Snapshot
DSM Fresh Foods IPO Lot Size
The DSM Fresh Foods IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,42,400 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,42,400.
| 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 |
Issue Reservation
- QIB — 26.32%
- NII — 27.6%
- RII — 46.08%
Book Running Lead Managers
- Narnolia Financial Services
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the DSM Fresh Foods IPO?
DSM Fresh Foods IPO is a Book-building IPO with a total issue size of ₹59.65 crore. The DSM Fresh Foods IPO price band is ₹96 to 101 per share. The DSM Fresh Foods IPO subscription opens on Fri, Sep 26, 2025, and closes on Mon, Oct 6, 2025. The DSM Fresh Foods IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the DSM Fresh Foods IPO.
When will the DSM Fresh Foods IPO open for subscription?
The DSM Fresh Foods IPO opens on Fri, Sep 26, 2025 and closes on Mon, Oct 6, 2025
What is DSM Fresh Foods IPO Price Band?
DSM Fresh Foods IPO Price Band is ₹96 to 101 per share.
What is DSM Fresh Foods IPO Lot Size?
DSM Fresh Foods IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹242400 based on the upper price band
What is the minimum investment for DSM Fresh Foods IPO?
The minimum investment for DSM Fresh Foods IPO is ₹242400, based on one lot of 1200 shares at the upper price band of ₹101 per share.
How to apply for DSM Fresh Foods IPO?
Investors can apply for the DSM Fresh Foods IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Oct 6, 2025. The application amount remains blocked until the DSM Fresh Foods IPO allotment is finalized.
What is DSM Fresh Foods IPO Issue Size?
DSM Fresh Foods IPO issue size is ₹59.65 crores.
What is the DSM Fresh Foods IPO Allotment Date?
DSM Fresh Foods IPO allotment date is Tue, Oct 7, 2025.
Who is the DSM Fresh Foods IPO Registrar?
The registrar for DSM Fresh Foods IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check DSM Fresh Foods IPO allotment status, refund processing, and other IPO-related information.
What is the DSM Fresh Foods IPO GMP?
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 2.97% over the issue price.
Who is the DSM Fresh Foods IPO Lead Manager?
The book-running lead managers (BRLMs) for the DSM Fresh Foods IPO are Narnolia Financial Services. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the DSM Fresh Foods IPO Red Herring Prospectus (RHP).