DSM Fresh Foods came to market through an SME IPO that opened on 26 September 2025 and closed on 6 October 2025, and the shares listed on 9 October 2025 on BSE SME. The price band was ₹95 to ₹100 per share and one lot was 1200 shares, so the minimum application was ₹1,20,000. The issue size was ₹59.06 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Narnolia Financial Services Ltd was the lead manager.
As of 6 October 2025.
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Incorporated on May 2015, DSM Fresh Foods Limited is carrying on the business of fresh meat and ready-to-cook/eat non-veg products retailer. Operational under the name Zappfresh, they specialize in the retail of fresh meat and ready-to-cook/eat products online. The website and app provide easy-to-use access to a variety of fresh, hygienically sourced meats, from poultry and seafood to exotic varieties. The company makes sure that all produce reaches customers fresh.
Zappfresh provides fresh quality meat through its website and mobile application, both of which are on Android and ios and have been downloaded more than 100,000 times on the Play Store. Products: Fresh Meats: Chicken, mutton, pork, sea foods, and specialty meats Ready-to-Cook/Eat Items: Mutton Seekh Kebab, Chicken Cheese Nuggets, Masala Fish Fingers Cold Cuts: Chicken Salami, Chicken Ham, sausages Marinated Meats: Chicken Methi Tikka, Masala Wings, Chicken Tikka As of August 13, 2025, the company employed 46 people.
As described in the offer document.
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Mr. Deepanshu Manchanda, Mrs. Priya Aggarwal.. Promoter holding 38.24% before the issue and 28.11% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
DSM Fresh Foods IPO was a ₹59.06 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹95–₹100 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,42,400). The IPO was open from September 26 to October 6, 2025 and was subscribed 1.44x. Shares listed on BSE SME on October 9, 2025 at ₹120, a 20.0% premium to the issue price of ₹100. Maashitla Securities Pvt. Ltd.
is the registrar. Narnolia Financial Services Ltd. is the book running lead manager.
The price band of DSM Fresh Foods IPO is ₹95 to ₹100 per share.
The lot size of DSM Fresh Foods IPO is 1200 shares.
The minimum investment for DSM Fresh Foods IPO is approximately ₹1,20,000 based on the upper price band.
The allotment date of DSM Fresh Foods IPO is Oct 7, 2025.
You can check DSM Fresh Foods IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the DSM Fresh Foods IPO allotment status on Rupix for quick and easy access.
₹95 to ₹100 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,20,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,20,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 September 2025 and closed on 6 October 2025.
The basis of allotment was published on 7 October 2025 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 October 2025 on BSE SME.
The issue size was ₹59.06 crore. The fresh issue was 59,06,400 shares (aggregating up to ₹59.06 crore).