DSM Fresh Foods IPO GMP & Review: Should You Apply or Avoid?
- September 22, 2025
- Posted by: sachet
- Category: IPO
Check Expert’s Verdicts on DSM Fresh Foods IPO
DSM Fresh Foods’ IPO is open for bidding from 26th September 2025 to 30th September 2025. It is a book-building IPO of ₹59.65 crores, comprising an entirely fresh issue of ₹0.59 crore. The problem will be listed on BSE and SME on its tentative listing date, 6th October 2025.
DSM Fresh Foods IPO Details
The DSM Fresh Foods IPO date is fixed between 25th September 2025 and 30th September 2025. The face value of DSM Fresh Foods’ IPO shares is ₹10 per share, and the IPO price is set between ₹96 and ₹101 per share.
Maashitla Securities Private Limited is the registrar of the DSM Fresh Foods IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Open Date | 26th September 2025 |
| IPO Close Date | 30th September 2025 |
| IPO Allotment Date | 1st October 2025 |
| Refund Initiation | 3rd October 2025 |
| Issue Size | 59,06,400 shares(aggregating up to ₹59.65 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Issue Price Final | ₹96 to ₹101 per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| Listing Date | 6th October 2025 |
DSM Fresh Foods IPO Share Reservation
DSM Fresh Foods’ IPO is a bookbuilding IPO of ₹59.65 crores, and entirely a fresh issue of 2.16 crores, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | % shares offered |
|---|---|---|
| Market Maker Shares | 3,31,200 | 5.61% |
| QIB Shares Offered | ₹27,82,000 | 47.11% |
| NII (HNI) Shares Offered | 8,38,800 | 14.20% |
| Retail Shares Offered | 19,53,600 | 33.08% |
| Total Shares Offered | 59,06,400 | 100.00% |
DSM Fresh Foods IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the DSM Fresh Foods IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 21-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
| 20-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
| 19-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
| 18-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
| 17-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
| 16-09-2025 | ₹101.00 | ₹0 | ₹101 | 0.00% |
As of 20th September 2025, DSM Fresh Foods’ IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹101 on its tentative listing date, 1st October 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the DSM Fresh Foods GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
DSM Fresh Foods IPO GMP Review

Check out the detailed DSM Fresh Foods GMP IPO review for a thorough understanding of its potential to report listing gains on 6th October 2025. The DSM Fresh Foods IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the DSM Fresh Foods IPO.
DSM Fresh Foods Limited’s revenue increased by 45% from ₹90.68 crores in March 2024 to ₹131.47 crores in March 2025. Moreover, the company’s PAT rose by 4.67% from ₹9.05 crores to ₹7.89 crores.
DSM Fresh Foods Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the DSM Fresh Foods IPO for its tentative listing day, 6th October 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the DSM Fresh Foods IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 18.28 |
| EPS (Earnings Per Share) | 5.53 |
| RoNW | 20.78% |
| ROCE | 24.71% |
| ROE | 20.78% |
| PAT Margin | 5.16% |
| Price to Book Value | 3.37 |
| Market Capitalisation | ₹225.10 Cr. |
The P/E ratio of DSM Fresh Foods Limited’s share is 10.28, and its Earnings Per Share (EPS) stands at 5.53. Thus, the DSM Fresh Foods Limited IPO can potentially deliver gains on its tentative listing date, 1st October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of DSM Fresh Foods Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
DSM Fresh Foods IPO Subscription Status
The DSM Fresh Foods IPO is scheduled to open for bidding on September 25, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live DSM Fresh Foods IPO subscription status.
| Investor Category | Shares Offered | % shares offered | Shares Subscribed | Subscription to the Times |
| Market Maker Shares | 3,31,200 | 5.61% | Yet to be announced | Yet to be announced |
| QIB Shares Offered | ₹27,82,000 | 47.11% | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 8,38,800 | 14.20% | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 19,53,600 | 33.08% | Yet to be announced | Yet to be announced |
| Total Shares Offered | 59,06,400 | 100.00% | Yet to be announced | Yet to be announced |
About DSM Fresh Foods Limited

DSM Fresh Foods Limited established in May 2015, DSM Fresh Foods Limited is engaged in the business of fresh meat and ready-to-cook/eat non-veg products retailer. The company operating under the brand name Zappfresh, specialises in the online retail of fresh beef and ready-to-cook/eat products. The user-friendly website and app offer diverse, fresh, hygienically sourced meats, including poultry, seafood, and exotic options. The company ensures that all produce reaches consumers fresh. Zappfresh offers quality fresh meat via its website and mobile app, available on Android and iOS, with over 100,000 downloads on the Play Store.
DSM Fresh Foods Limited Financials
The company’s financial analysis is essential before applying for the DSM Fresh Foods IPO. Refer to the table to learn about DSM Fresh Foods Limited’s financial information.
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr) |
| Assets | 84.04 | 50.00 | 22.01 |
| Revenue | 131.47 | 90.68 | 56.61 |
| Profit After Tax | 9.05 | 4.67 | 6.76 |
| Net Worth | 49.09 | 4.67 | 2.74 |
| EBITDA | 17.05 | 9.58 | 3.41 |
| Reserve and Surplus | 32.70 | 37.95 | 16.46 |
| Total Borrowing | 31.70 | 7.65 | 2.07 |
Explanation
DSM Fresh Foods Limited’s revenue increased by 45% from ₹90.68 crores in March 2024 to ₹131.47 crores in March 2025. Moreover, the company’s PAT rose by 4.67% from ₹9.05 crores to ₹7.89 crores.
DSM Fresh Foods IPO Bidding Requirements
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 2,400 | ₹2,42,400 |
| Individual Investors (Retail) (Max | 2 | 2,400 | ₹2,42,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,63,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,69,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,90,800 |
DSM Fresh Foods’ IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
DSM Fresh Foods IPO Promoter Holding
Refer to the table below to review the holdings of DSM Fresh Foods Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.
| Share Holding Pre-Issue | 38.24% |
| Share Holding Post-Issue | 28.41% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the DSM Fresh Foods IPO
The primary aim of the DSM Fresh Foods IPO is to raise ₹59.69 crore. On the other hand, DSM Fresh Foods has decided to utilise these funds in different ways. Explore some of the secondary objectives for the DSM Fresh Foods IPO.
- To Capital Expenditure Requirement
- To Marketing Expenditure
- To Working Capital Requirement
- To Unidentified Acquisition and General Corporate Purposes
Should I Invest in the DSM Fresh Foods IPO?
Explore the pros and cons of DSM Fresh Foods to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of DSM Fresh Foods IPO
- The Company has an Experienced and Qualified management team.
- The company has a well-organised organisational structure,
- Efficient business model (Farm to Fork Model).
- Products come from farms with innovative technologies for healthy animal growth.
Cons of DSM Fresh Foods IPO
- The company has a negative cash flow.
- The company has a dependence on the chicken segments and concentration risks
- The company has high working capital requirements.
How to Apply for the DSM Fresh Foods IPO?

Please follow the steps outlined below to apply for a position at DSM Fresh Foods Limited.
- Step 1: Conduct thorough research on the DSM Fresh Foods IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 2,000 shares, valued at ₹2,80,000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the DSM Fresh Foods IPO from more than one demat account to increase your chances of allotment.
How to Check the DSM Fresh Foods IPO Allotment Status?
You can check whether the DSM Fresh Foods IPO allotment has been completed in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the DSM Fresh Foods IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your DSM Fresh Foods IPO allotment status.
Let’s Wrap
DSM Fresh Foods’ IPO is a fresh issue of shares worth ₹1,250 crores. The shares of DSM Fresh Foods Limited will be listed on BSE and NSE on its tentative listing date of 1st October 2025. Researching the DSM Fresh Foods IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on DSM Fresh Foods IPO
How is the DSM Fresh Foods IPO?
Ans. Currently, on 21st September 2025, the DSM Fresh Foods IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹101 per share. It is a book-building IPO of ₹59.65 crores, comprising an entirely fresh issue of 0.59 crore shares. The face value of each share of DSM Fresh Foods Limited is ₹10 per share.
What is the IPO price of DSM Fresh Foods?
Ans. The DSM Projects IPO price is set at ₹96 and ₹101 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth ₹2,42,400. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth ₹3,63,600.
Is the DSM Fresh Foods IPO a good investment?
Ans. DSM Fresh Foods Limited’s revenue increased by1.88% from ₹491.08 crores in March 2023 to ₹500.35 crores in March 2024. Moreover, the company’s PAT fell by 49.29% from ₹15.56 crores to ₹7.89 crores.
Who is the registrar of the DSM Fresh Foods IPO?
Ans. Maashitla Securities Private Limited is the registrar of the DSM Fresh Foods IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the DSM Fresh Foods allotment and refund, you can contact Bigshare Services Private Limited at ipo@maashitla.com or +91-11-45121795-96.
What is the issue size of the DSM Fresh Foods IPO?
Ans. DSM Fresh Foods’ IPO is a book-building IPO of ₹77.00 crores, comprising an entirely fresh issue of 0.45 crore shares. Moreover, the IPO is set to open on 25th September 2025 and will be closed on 30th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the DSM Fresh Foods IPO, download the DSM Fresh Foods IPO RHP and the DSM Fresh Foods IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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