latest IPO in India – Abram Food Ltd
Abram Food Ltd kicks off its SME IPO journey on a robust note, targeting ₹13.99 crore. Here’s a deep dive into the IPO details.
Company Overview
Founded in 2009, Abram Food Ltd is based in Alwar, Rajasthan and operates under brands like Kherliwala, Rajasthan Royal, and more, delivering FMCG essentials such as pulses, flours, spices, and cattle feed.
IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | 24 Jun 2025 |
| IPO Closes | 26 Jun 2025 |
| Basis of Allotment | 27 Jun 2025 |
| Refunds Initiated | 30 Jun 2025 |
| Shares Credit to Demat | 30 Jun 2025 |
| Listing Date | 1–2 Jul 2025 |
Price Band
Fixed at ₹98 per share (face value ₹10), with a total issue size of ₹13.99 crore.
Lot Size
Minimum lot is 1,200 shares, costing ₹1,17,600. Retail and HNI each receive 47.48% allocation.
Financials
- FY24 revenue: ₹64.09 crore (▲78% vs FY23), PAT: ₹3.26 crore (▲220%)
- ROE: 38.62%, ROCE: 56.02%, EPS: 9.05, P/E: 10.83
- Market Cap to Sales: 0.58
Strengths
- Efficient Alwar facility with stone-grinding process
- Strong regional distribution with 80+ distributors
- Experienced promoters with 40+ years in FMCG
Risks
- Legal proceedings involving promoters
- Negative operating cash flows
- Geographic and product concentration
IPO Anchor Investors Details
No anchor investor details disclosed yet.
IPO Promoter Holding Details
| Holder | Pre‑Issue | Post‑Issue |
|---|---|---|
| Promoter Group | 93.14% | 67.33% |
| Public | 6.86% | 32.67% |
IPO Grey Market Premium (GMP)
| Market | GMP | Implication |
|---|---|---|
| Grey Market | Not yet available | Opening after IPO closes – updates expected soon |
Final Thoughts
Abram Food Ltd presents a strong IPO prospect within India’s FMCG sector. Its pricing is attractive based on growth and profitability, but investors should weigh litigation and operational risks.