The DSM Fresh Foods IPO is scheduled to open for subscription on September 26, 2025, and will close on September 30, 2025. The allotment will be finalized on October 1, 2025, and the shares are expected to list on the BSE and SME on October 3, 2025. This SME IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹96 to ₹101 Per Share.
Here’s a complete guide covering IPO details, DSM Fresh Foods IPO dates, promoters, financials, strengths, risks, and how to apply.
DSM Fresh Foods IPO Details
| Particulars | Details |
| IPO Open Date | 26/09/2025 |
| IPO Close Date | 30/09/2025 |
| 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 |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
DSM Fresh Foods IPO Market Lot
The minimum market lot for DSM Fresh Foods IPO is 2400 shares, with a total 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 |
DSM Fresh Foods 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 Timeline
The DSM Fresh Foods IPO opens on September 26, 2025, and closes on September 30, 2025. The allotment will be finalized on October 1, 2025, with the shares list on October 6, 2025.
| Event | Date |
| IPO Open Date | September 26, 2025 |
| IPO Close Date | September 30, 2025 |
| Basis of Allotment | October 1, 2025 |
| Refunds Initiation | October 2, 2025 |
| Credit to Demat Account | October 2, 2025 |
| IPO Listing Date | October 3, 2025 |
| IPO Bidding Cut-off Time | September 30, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of DSM Fresh Foods are Mr. 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 Acquistion and General Corporate Purposes^ | – | -% |
Company Financial
Amount ₹ in Crores
| Period Ended | March-2025 | March-2024 | March-2023 |
| Assets | 84.04 | 50.00 | 22.01 |
| Revenue | 131.47 | 90.68 | 56.61 |
| Net Worth | 49.09 | 38.04 | 16.54 |
| profit After Tax | 9.05 | 4.67 | 2.74 |
| Reserves And Surpluse | 32.70 | 37.95 | 16.46 |
| Total Borrowing | 31.70 | 7.65 | 2.07 |
DSM Fresh Foods IPO Valuation
Check DSM Fresh Foods IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-2025 | March-2024 | March-2023 |
| EPS | 5.53 | 4.54 | 2.69 |
| ROE | 20.78 | 17.10 | 19.42 |
| ROCE | 24.71 | 0.19 | 0.16 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 18.28 | 0 | 0 |
| POST IPO(PE) | 24.87 | 0 | 0 |
About company
DSM Fresh Foods Ltd. Founded in 2015, DSM Fresh Foods Ltd operates under the well-known brand Zappfresh, a pioneer in India’s fresh meat and seafood retail market. The company follows an omnichannel business model, selling products through its website, mobile app, and partner retail stores.
Its product portfolio includes fresh chicken, mutton, seafood, and ready-to-cook/ready-to-eat non-vegetarian products, ensuring convenience for modern consumers. DSM Fresh Foods controls the full supply chain — from sourcing and processing to cold storage and last-mile delivery, guaranteeing freshness, hygiene, and quality.
With rising urban demand for premium non-veg food products, the company has built a strong customer base in metro cities and continues to expand its reach. Its focus on technology-driven operations, brand marketing, and reliable delivery positions it as a fast-growing player in the organized meat retail sector in India.
DSM Fresh Foods IPO Strenght Factors
- Established brand in fresh meat / seafood retail with omnichannel presence.
- Strong growth in revenue over past years.
- Anchor investor support before IPO opening.
DSM Fresh Foods IPO Risk Factors
- SME IPOs often have less trading volume / lower liquidity at listing.
- Fresh meat / seafood business sensitive to supply chain, cold storage, quality, regulation.
- Investment required is high for retail investors (minimum ~ ₹2,30,400), possibly limiting participation.
- Market sentiment & subscription pace will be crucial for listing gains.
Lead Manager
- Narnolia Financial Services Ltd.
Company Details
- Name:- DSM Fresh Foods Limited
- Email:- compliance@zappfresh.com
- Phone:- + 91 70422 88558
- Website:- https://www.zappfresh.com/
- Address:- 115-116, First Floor Vishal Tower, District Centre Janakpuri, Janakpuri B-1, West Delhi, New Delhi, 110058
IPO Registrar
- Name:- Maashitla Securities Private Limited
- Email:- ipo@maashitla.com
- Phone:- +91-11-45121795-96
- Website:- https://maashitla.com/allotment-status/public-issues
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1. When does the DSM Fresh Foods IPO open and close?
Ans:- The IPO opens on September 26, 2025, and closes on September 30, 2025.
2. What is the price band for the DSM Fresh Foods IPO?
Ans:- The price band is ₹96 to ₹101 Per Share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 2400 shares, requiring an investment of ₹2,42,400.
4. Who are the promoters of the DSM Fresh Foods?
Ans:- The promoters are Mr. Deepanshu Manchanda.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on October 1, 2025.
6. When will the DSM Fresh Foods IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE, SME on October 3, 2025.