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Abram Food IPO
Abram Food Ltd
₹1,17,600 /1200 sharesMinimum Investment
Abram Food IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹98.00 | ₹90.40 | -₹7.60 (7.76%) |
Abram Food IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 24 Jun ‘25 - 26 Jun ‘25 | ₹1,17,600 | 1,200 | ₹98 - ₹98 |
| Issue Size | IPO Doc |
|---|---|
| 13.99Cr | RHP PDF |
Subscription rate
As of 26 Jun'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 35.00x |
| Retail Individual Investor | 14.58x |
| Total | 26.40x |
About Abram Food
Founded in
2009
Managing director
Mr. Brij Bhushan
Parent organisation
Abram Food Ltd
Strengths & Financials of Abram Food
Strengths
Risks
The company claims to have standard equipment and machinery for processing pulses, flour, and spices.
The company claims to have a well-established regional distribution network. As of September 30, 2024, it had a network of 51 distributors across Rajasthan and Delhi-NCR.
The company claims that its manufacturing facility is strategically located near key raw material sources, which helps lower procurement and transportation costs.
The company is ISO 9001:2015 certified for quality management systems, ISO 45001:2018 certified for occupational health and safety management systems, ISO 22000:2018 certified for food safety management systems, and ISO 14001:2015 certified for environmental management systems.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 21.81 crore in FY22 to Rs 33.16 crore in FY23 to Rs 36.01 crore in FY24, while PAT increased from Rs 0.12 crore in FY22 to Rs 0.48 crore in FY23 to Rs 1.02 crore in FY24.
A significant portion of the company’s revenue comes from chana and chana dal. They accounted for Rs 39.26 crore (92.69 percent) of the company’s total revenue during the period ended September 30, 2024, Rs 22.38 crore (62.14 percent) in FY24, Rs 25.78 crore (77.72 percent) in FY23, and Rs 18.11 crore (83.02 percent) in FY22. Any decline in demand, regulatory change, or supply disruption related to this product could significantly impact revenue and profitability.
Almost 100 percent of the company’s revenue, i.e., Rs 42.31 crore as of September 30, 2024, Rs 35.91 crore in FY24, Rs 33.16 crore in FY23, and Rs 21.81 crore in FY22, was generated from Rajasthan and Delhi-NCR. This heavy regional dependency increases the company’s exposure to local economic downturns, regulatory changes, or logistics disruptions in these markets.
A significant portion of the company’s purchases of raw materials comes from its top 10 suppliers. They accounted for Rs 39.87 crore (99.99 percent) of the company’s total purchases in the period ended September 30, 2024, Rs 29.44 crore (80.17 percent) in FY24, Rs 18.69 crore (57.72 percent) in FY23, and Rs 20.53 crore (99.22 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A significant portion of the company’s revenue comes from its top 10 customers. As of September 30, 2024, they contributed Rs 5.05 crore (11.93 percent) to the company’s total revenue, and Rs 11.97 crore (33.25 percent) in FY24. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company’s business and financial standing.
The company recorded negative cash flows from operating activities amounting to Rs 0.78 crore, Rs 0.84 crore, and Rs 0.81 crore as of FY24, FY23, and FY22, respectively. It also recorded negative cash flows from investing activities amounting to Rs 0.39 crore, Rs 0.54 crore, Rs 0.49 crore and Rs 0.004 crore as of the period ended September 30, 2024, FY24, FY23 and FY22, respectively. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of September 30, 2024, Abram Food Limited had an outstanding financial indebtedness of Rs 5.99 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Abram Food Financials
*All values are in Rs. Cr
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Application Details of Abram Food IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹98 - 98 | ₹2 - 5 Lakh |
| High Networth Individual | ₹98 - 98 | ₹2 - 5 Lakh |
For Abram Food IPO, eligible investors can apply as Regular.