The net proceeds from the Issue are proposed to be utilised towards funding the company’s strategic growth initiatives
DSM Fresh Food, which operates under the brand name Zappfresh, will open its initial public offering (IPO) on 26 September, with price band of Rs 96 to Rs 101 per equity share of face value of Rs 10 each.
The anchor investor bid/issue period will be held on Thursday, 25 September one working day prior to the issue opening date. The issue closes on 30 September 2025. The company is offering 59,06,400 equity shares, as per the official statement.
Out of the issue, 3,31,200 equity shares aggregating to Rs 334.51 Lakh will be reserved for subscription by market maker. The issue less the market maker reservation portion (55,75,200 equity shares) is hereinafter referred to as the net issue, respectively of the post issue paid up equity share capital of the company.
The net proceeds from the Issue are proposed to be utilised towards funding the company’s strategic growth initiatives. This includes working capital requirements of Rs 25 crore, marketing expenditure of Rs 15 crore, capital expenditure requirements of Rs 11 crore and, and Rs 3 crore towards inorganic growth opportunities through acquisitions and other strategic initiatives, as well as for general corporate purposes.
The floor price is 9.6 times of the face value, and the cap price is 10.1 times of the face value of the equity shares. Narnolia Financial Services is the Book Running Lead Manager (BRLM) to the offer. The equity shares of DSM Fresh Food are proposed to be listed on SME platform of Bombay Stock Exchange (BSESME).
