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Zappfresh’s parent company created a stir in the market: 20% profit on the first day, got upper circuit approval!
Samira Vishwas | October 9, 2025 2:24 PM CST

DSM Fresh Foods IPO: A new story was written in the Indian stock market today, that of the IPO of DSM Fresh Foods Ltd. This company, which sells fresh meat and ready-to-cook non-veg products under the brand name Zappfresh, gave a great start to investors by getting listed on the BSE SME platform at a 20% premium.

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DSM Fresh Foods IPO

Explosive listing, then celebration of upper circuit (DSM Fresh Foods IPO)

This share, which came at an issue price of ₹ 100, was listed at ₹ 120, which means investors got a listing gain of 20%.
After this, the buying in the market was so intense that the stock jumped straight to the upper circuit of ₹ 126. In this way, investors registered a profit of up to 26% on the initial day itself.

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IPO oversubscribed: But retail investors lagged behind

The ₹59.06 crore IPO of DSM Fresh Foods was open from 26 September to 6 October. The issue received mixed response:

  • Total oversubscription: 1.36 times
  • QIB segment: 1.53 times
  • NII segment: 2.06 times
  • Retail Investor Share: 0.96x (not fully filled)

The company issued 59,06,400 new shares of face value ₹ 10 under this issue.

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Where will the money raised be spent? (DSM Fresh Foods IPO)

The company has prepared a blueprint for using the funds raised through IPO in its expansion plans:

  • ₹10.68 crore: capital expenditure
  • ₹15 crore: Marketing and Promotion
  • ₹25 crore: For working capital needs
  • Remaining amount: for corporate purposes

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Company identity: Profit generated from fresh meat

DSM Fresh Foods, founded in May 2015, sells fresh meat and ready-to-cook products online under the Zappfresh name.
The company’s mobile app has been downloaded more than 1 lakh times on Play Store, which is a big sign of consumer trust.

Financial performance: Profit jump in three years (DSM Fresh Foods IPO)

The company’s earnings over the last three years have been impressive:

  • FY2023: Net profit of ₹2.74 crore
  • FY2024: ₹4.67 crore
  • FY2025: ₹9.05 crore

During this period, total income increased at the rate of 52% CAGR to ₹ 131.47 crore.

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Increasing debt, but strong reserves

  • FY2023: ₹2.07 crore
  • FY2024: ₹7.65 crore
  • FY2025: ₹31.70 crore

At the same time, after reaching ₹37.95 crore in FY2024, the Reserve and Surplus decreased slightly to ₹32.70 crore in FY2025.

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What signals for investors? (DSM Fresh Foods IPO)

According to market experts, DSM Fresh Foods’ online presence, continuously increasing profits and expansion plans can make it a hot stock in the SME segment. However, the increasing amount of debt and limited market segment are also risk factors for it.

zappfresh The entry of the parent company in the stock market has alerted even small investors. An explosion of 26% on the first day, and now the sights are set, will this rise last or will it cool down soon?

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