DSM Fresh Foods IPO Date, Review, Price, Allotment Details
DSM Fresh Foods IPO is scheduled to open on September 26, 2025, and will close on September 30, 2025. The IPO is a Book Built Issue, through which the company aims to raise approximately ₹59.65 crores, entirely as a fresh issue. The offer also includes up to [.] equity shares with a face value of ₹10 each.
The IPO price band has been set at ₹96 to ₹101 per share. The allocation is divided as 35% for retail investors, 50% for QIBs, and 15% for HNIs. DSM Fresh Foods is expected to be listed on the BSE on October 3, 2025, with IPO allotment scheduled for October 1, 2025.
Financially, the company reported a revenue of ₹131.47 crores in 2025, up from ₹90.68 crores in 2024, and a profit of ₹9.05 crores in 2025, compared to ₹4.67 crores in 2024. Based on these financials, investors may consider applying to the IPO for long-term investment.
DSM Fresh Foods IPO Details
IPO Open Date September 26, 2025 IPO Close Date September 30, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹96 to ₹101 Per Share Issue Size Approx ₹59.65 Crores Fresh Issue Approx ₹59.65 Crores Issue Type Book Built Issue IPO Listing BSE SME DRHP Draft Prospectus 
DSM Fresh Foods IPO Market Lot
The minimum market lot for DSM Fresh Foods IPO is 2,400 shares, requiring an application amount of ₹2,42,400.
Application Lot Size Shares Amount Retail Minimum 2 2,400 ₹2,42,400 Retail Maximum 2 2,400 ₹2,42,400 S-HNI Minimum 3 3,600 ₹3,63,600 S-HNI Maximum 8 9,600 ₹9,69,600 B-HNI Minimum 9 10,800 ₹10,90,800
IPO Reservation
Investor Category Share Offered % Shares Market Maker Shares Offered 3,31,200 Shares 5.61% QIB Shares Offered 27,82,800 Shares 47.11% Anchor Investor 16,66,800 Shares 28.22% QIB (Ex. Anchor) 11,16,000 Shares 18.89% NII Shares Offered 8,38,800 Shares 14.20% bNII > ₹10L 5,61,600 Shares 9.51% sNII < ₹10L 2,77,200 Shares 4.69% Retail Shares Offered 19,53,600 Shares 33.08%
DSM Fresh Foods IPO Anchor Investors
Anchor Bidding Date September 25, 2025 Anchor Investors List Shares Offered 16,66,800 Shares Anchor Size 16.83 Cr. lock-in period end date 50% shares (30 Days) October 31, 2025 lock-in period end date 50% shares (90 Days) December 30, 2025
DSM Fresh Foods IPO Dates
The DSM Fresh Foods IPO will open on September 26, 2025, and close on September 30, 2025. The allotment will be finalized on October 1, with the IPO listing scheduled for October 3, 2025.
IPO Open Date: September 26, 2025 IPO Close Date: September 30, 2025 Basis of Allotment: October 1, 2025 Refunds: October 2, 2025 Credit to Demat Account: October 2, 2025 IPO Listing Date: October 3, 2025 IPO Bidding Cut-off Time: September 30, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of the company are Mr. Deepanshu Manchanda.
Particular Shares % Share Promoter Holding Pre-Issue 1,63,80,738 37.64% Promoter Holding Post Issue 2,22,87,138 27.66%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores % Capital Expenditure Requirement 10.68 -% Marketing Expenditure 15.00 -% Working Capital Requirement 25.00 -% Unidentified Acquisition and General Corporate Purposes – -%
About DSM Fresh Foods IPO
DSM Fresh Foods, founded in 2015, specializes in providing fresh meat and ready-to-cook or ready-to-eat non-vegetarian products under the brand name Zappfresh. The company emphasizes freshness, convenience, and timely delivery, supported by tracking facilities to ensure a superior customer experience.
Led by promoter and Managing Director Deepanshu Manchanda, who has 15 years of experience in building and scaling businesses, DSM Fresh Foods operates a Farm-to-Fork model. This approach delivers products directly from farms to consumers, enhancing freshness, taste, nutritional value, and overall quality, while ensuring transparency, traceability, and efficient production processes.
DSM Fresh Foods IPO Company Financial Report
The company recorded a revenue of ₹131.47 crores in 2025, up from ₹90.68 crores in 2024. Its profit increased to ₹9.05 crores in 2025 from ₹4.67 crores in 2024.
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹56.61 ₹53.80 ₹2.74 ₹22.01 2024 ₹90.68 ₹83.05 ₹4.67 ₹50.00 2025 ₹131.47 ₹119.82 ₹9.05 ₹84.04
DSM Fresh Foods IPO Valuation – FY2025
Check the DSM Fresh Foods IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 20.78% ROCE: 24.71% EBITDA Margin: 13.04% PAT Margin: 6.92% Debt to equity ratio: 0.65 Earning Per Share (EPS): ₹5.53 (Basic) Price/Earnings P/E Ratio: N/A Return on Net Worth (RoNW): 20.78% Net Asset Value (NAV): ₹29.97
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Chatha Foods Limited 2.67 37.08 7.34% – 6.06 Cr. Tasty Bite Eatables Limited 99.80 94.72 8.23% – 25.61 Cr. HMA Agro Industries Limited 1.20 25.50 7.71% – 60.30 Cr.
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd.
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Company Address
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/