DSM Fresh Foods IPO Details
The key details of DSM Fresh Foods’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹59.65 Cr |
| Price Range | ₹96 - ₹101 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,400 |
| Investment (cut-off price) | ₹2,42,400 |
| Pre IPO Promotor Holding | 38.24% |
| Post IPO Promotor Holding | 28.11% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
DSM Fresh Foods IPO Timelines
The IPO process for DSM Fresh Foods includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
26/09/2025
Start Date30/09/2025
End Date03/10/2025
Refund Initiation03/10/2025
Credit of Shares to Demat Ac06/10/2025
Listing DateDSM Fresh Foods IPO Lot Size
The DSM Fresh Foods IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹101 per share. For retail investors, the minimum and maximum application is 2,400 shares (2 lots) amounting to ₹2,42,400. For Small HNI (S-HNI) investors, the minimum application is 3,600 shares (3 lots) worth ₹3,63,600, while the maximum is 9,600 shares (8 lots) amounting to ₹9,69,600. Big HNI (B-HNI) investors need to apply for at least 10,800 shares (9 lots), totaling ₹10,90,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | ₹2,42,400 |
| Retail Maximum | 2 | 2400 | ₹2,42,400 |
| S-HNI Minimum | 3 | 3600 | ₹3,63,600 |
| S-HNI Maximum | 8 | 9600 | ₹9,69,600 |
| B-HNI Minimum | 9 | 10800 | ₹10,90,800 |
DSM Fresh Foods IPO Subscription Status
The subscription status for DSM Fresh Foods IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
DSM Fresh Foods IPO Company Financials
DSM Fresh Foods reports robust performance in FY2025 with Total Income of ₹131.47 crores, managing expenses at ₹119.82 crores, and achieving a strong PAT (Profit After Tax) of ₹9.05 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹56.61 | ₹53.80 | ₹2.74 |
| FY 2024 | ₹90.68 | ₹83.05 | ₹4.67 |
| FY 2025 | ₹131.47 | ₹119.82 | ₹9.05 |
About Company
Incorporated in May 2015, DSM Fresh Foods Limited operates under the brand name Zappfresh and is focused on the retail of fresh meat and ready-to-cook or ready-to-eat non-vegetarian products. Specializing in online sales, the company delivers a wide range of fresh, hygienically sourced meats through its website and mobile applications, which are available on both Android and iOS platforms. With over 100,000 downloads on the Play Store, Zappfresh has established itself as a convenient and reliable option for consumers seeking high-quality meat products delivered fresh to their doorstep.
Zappfresh offers a diverse product lineup that includes fresh meats such as chicken, mutton, pork, seafood, and specialty options. It also provides a variety of ready-to-cook and ready-to-eat items like Mutton Seekh Kebab, Chicken Cheese Nuggets, and Masala Fish Fingers. Additional offerings include cold cuts such as Chicken Salami, Chicken Ham, and sausages, as well as marinated meats like Chicken Methi Tikka and Masala Wings. As of August 13, 2025, the company employed 46 individuals, supporting its operations and customer service in the rapidly growing online fresh meat segment.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | FMCG | Deepanshu Manchanda |
Know Before Investing
DSM Fresh Foods IPO Strengths
- Operates primarily as an online-first retailer under the brand Zappfresh, focused on fresh meat, ready-to-cook/eat products, cold cuts, and marinated meats, catering to growing consumer demand for convenience.
- The company has demonstrated rapid revenue growth, from Rs. 56.61 crore in FY23 to Rs. 131.47 crore in FY25, reflecting increasing market acceptance and business scaling.
- Strong online sales through its website and mobile app which has over 1 lakh downloads, enabling direct consumer engagement and scalability.
- Offers an extensive variety of fresh meats including chicken, mutton, pork, seafood, and ready-to-cook items, catering to diverse consumer preferences.
- Utilizes an end-to-end cold chain supply that ensures freshness and quality without freezing or preservatives, differentiating the brand in the fresh meat market.
- Positioned well to benefit from rising health consciousness in India, with consumers seeking fresh, hygienic, and nutritious protein options.
DSM Fresh Foods IPO Risks
- The company’s borrowings increased sharply to ₹31.70 crore in FY25 from ₹7.65 crore in FY24, raising concerns about increased financial obligations and interest burden.
- Being in the fresh meat business, the company depends heavily on effective cold chain logistics and supply chain management; disruptions could affect product quality and business continuity.
- Faces intense competition from both organized and unorganized players in the fresh meat and ready-to-cook food segment, which could affect pricing power and market share.
- The nature of the business dealing with perishable products increases risks related to inventory spoilage, wastage, and losses.
- Primarily operates an online-first retail model dependent on digital channels, which may face challenges from technology disruptions or changes in consumer online shopping behavior.
- Current operations and sales are largely concentrated in certain regions, limiting diversification and exposing the company to regional market risks.
- Retail food demand can be impacted by economic downturns, changing consumer preferences, and health scares that could reduce sales.
Swot Analysis for DSM Fresh Foods IPO
Strengths
Robust Cold Chain Infrastructure, Growing Online Food Consumption Trends, Strong Brand Value in Urban Markets
Weaknesses
High Operational Costs, Customer Acquisition Costs, Vulnerability to Supply Chain Disruptions
Opportunities
Value-Added Product Launches, Rising Online Grocery Adoption, Increased Health Consciousness
Threats
Regulatory Risks, Supply Chain Complexity, Economic and Pandemic Impact
Company 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 Registar Details
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of DSM Fresh Foods SME IPO are:
- Capital Expenditure Requirement
- Marketing Expenditure
- Working Capital Requirement
- Unidentified Acquistion and General Corporate Purposes
Narnolia Financial Services Ltd. is the book-running lead managers for the DSM Fresh Foods IPO.
DSM Fresh Foods IPO holds strong growth potential driven by rapid revenue expansion supported by technology-led logistics and supply chain efficiencies. Rising demand for packaged non veg products across metros and Tier 2 cities enhances visibility though competition cold chain execution and regulatory compliance remain key risks.
The issue price for the DSM Fresh Foods IPO is set between ₹96 to ₹101 per share.
To invest in two lot of DSM Fresh Foods IPO, you need ₹2,30,400 at the lower price band (₹96 per share) or ₹2,42,400 at the upper price band (₹101 per share) for a lot size of 2400 shares.
DSM Fresh Foods IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 6, 2025.
Refund/unblocking of funds for DSM Fresh Foods IPO will begin on October 3, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your DSM Fresh Foods IPO shares on listing day (October 6, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.