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DSM Fresh Foods IPO Soars 20% on BSE Debut

10/9/2025

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Summary

Story summary

DSM Fresh Foods, parent of Zappfresh, debuted on BSE SME October 9 at INR 120, a 20% premium to INR 100.
The IPO raised INR 59.04 Cr, undersubscribed, closing at 1.36X oversubscription after extension.
Non-Institutional and Qualified Institutional Buyers showed strong demand.
Funds will back working capital, marketing, capex, acquisitions; Zappfresh posted 94% FY25 profit rise to INR 9.1 Cr.

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Story summary

DSM Fresh Foods, parent of Zappfresh, debuted on BSE SME October 9 at INR 120, a 20% premium to INR 100.
The IPO raised INR 59.04 Cr, undersubscribed, closing at 1.36X oversubscription after extension.
Non-Institutional and Qualified Institutional Buyers showed strong demand.
Funds will back working capital, marketing, capex, acquisitions; Zappfresh posted 94% FY25 profit rise to INR 9.1 Cr.