The bidding window for the DSM Fresh Foods IPO was open from September 26, 2025, to October 6, 2025. The basis of allotment will be finalised today, October 7, 2025. Here’s how you can check the IPO allotment status.
The DSM Fresh Foods IPO is a book build issue of ₹59.06 crores. The issue is entirely a fresh issue of 0.59 crore shares. The price band is set abetween ₹95 - ₹100 per share. The tentative listing on the BSE SME is scheduled for October 9, 2025.
The minimum lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000.00 (2,400 shares) based on upper price.
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.
The net proceeds from the fresh issue will be used to:
(October 6, 2025, end of the day)
Category |
Subscription (times) |
Market Maker |
1 |
Qualified Institutional Buyers (QIBs) |
1.53 |
Non-Institutional Investors |
2.06 |
Individual Investors (IND category bidding for 2 Lots) |
0.96 |
Total |
1.36 |
DSM Fresh Foods Ltd, operating under the brand Zappfresh, was founded in 2015 and is engaged in the retailing and processing of fresh meat and ready-to-cook products. The company follows a farm-to-fork model, sourcing directly from partner farms and delivering through its cold-chain network. It caters to both B2C and B2B segments, offering products like chicken, mutton, seafood, and marinated items, with a focus on quality and hygiene.
Financially, the company has shown strong growth in recent years. Its revenue rose from ₹56.6 crore in FY 2023 to ₹131.47 crore in FY 2025, while PAT increased from ₹2.74 crore to ₹9.05 crore during the same period.
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