Latest news with #AbramFood
Business Standard
01-07-2025
- Business
- Business Standard
BSE SME Abram Food recovers after weak debut
Shares of Abram Food were trading at Rs 94.92 on the BSE, a discount of 3.14% compared with the issue price of Rs 98. The scrip was listed at Rs 90.40, a discount of 7.76% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 94.92 and a low of Rs 86.01. About 8.69 lakh shares of the company changed hands at the counter. Abram Food's IPO was subscribed 27.14 times. The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price of the IPO was set at Rs 98 per share. The IPO comprised fresh issue of 14,28,000 equity shares. The promoter and promoter group shareholding diluted to 67.33% from 93.14% pre-issue. The company intends to utilize the net proceeds for capital expenditure for purchase of machineries, funding of working capital requirements of the company, issue related expenses in relation to issue and general corporate purposes. Abram Food is engaged in the business of manufacturing, marketing, and selling chana, chana dal, besan, edible oil, spices, and flour (atta) under its own brand, "KHERLIWALA." It manufactures, trades, and sells these products to its network of distributors. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic taste of Rajasthan, delighting consumers with every bite. As of 31 March 2025, the company had a total of 18 employees. The company recorded revenue from operations of Rs 64.04 crore and net profit of Rs 3.26 crore for the period ended 31 March 2025.
Time of India
01-07-2025
- Business
- Time of India
Abram Food IPO to list on BSE SME today. GMP indicates flat debut
Abram Food is set to make its debut on the BSE SME platform on Tuesday after successfully concluding its Rs 14 crore IPO last week. Despite a surge in SME listings this month, the Abram Food IPO is expected to see a flat listing, with GMP currently at Rs 0, signaling little to no listing-day gains. The fixed price IPO, which opened between June 24 and June 26, was entirely a fresh issue of 14.28 lakh shares at a price of Rs 98 per share. The issue saw a modest but decent response from investors. The IPO was lead-managed by Corporate Makers Capital with Kfin Technologies serving as the registrar. Flat GMP ahead of listing Unlike some recent SME IPOs that enjoyed aggressive grey market buzz, Abram Food's GMP has remained muted. According to market trackers, no premium is being offered over the issue price in the unofficial market. Live Events About the Company Founded in 2009, Abram Food makes and trades a wide range of food products including chana dal, atta, besan, edible oils, spices, and cattle feed under its 'Kherliwala' brand. With no visible premium in the grey market, all eyes will be on whether retail investor participation and fundamentals can support listing day action.
Mint
27-06-2025
- Business
- Mint
Abram Food IPO share allotment: Latest GMP, how to check status online
Abram Food IPO allotment: The allotment status for Abram Food Limited's SME IPO is expected to be finalised on Friday, June 27, following a strong subscription across investor categories. Those who participated in the IPO can check their allotment status on the official portal of the registrar, Kfin Technologies. As per the IPO schedule, equity shares will be credited to the Demat accounts of successful applicants on Monday, June 30. Refunds for unsuccessful applications are expected to be processed on the same day. The shares are set to debut on the BSE SME platform on Tuesday, July 1, 2025. Investors can check the allotment status by visiting Kfin Technologies' website and selecting 'Abram Food IPO' from the drop-down menu. Allotment status can be searched using the PAN number, Demat account number, or application number. After entering the relevant details and verifying the captcha code, users can click 'Submit' to view their allotment result. The IPO, valued at ₹ 13.99 crore, was open for bidding from June 24 to June 26. Priced at ₹ 98 per share, the offering consisted entirely of a fresh issue of 14.28 lakh equity shares, with no offer-for-sale component. Investors had to apply for a minimum of 1200 shares per lot, amounting to a minimum investment of ₹ 1.17 lakh for retail applicants. The IPO drew significant interest, being subscribed 28.49 times overall. Against the offer of 13.56 lakh shares, the issue received bids for 3.86 crore shares. The retail investor portion was subscribed 16.05 times, while the non-institutional investor (NII) category saw an impressive 40.92 times subscription, reflecting strong demand across the board. The company plans to deploy the net proceeds towards various business needs. A significant portion will go towards acquiring new machinery to boost manufacturing capabilities. Funds will also be used to meet working capital requirements, address general corporate purposes, and cover expenses related to the public issue. Corporate Makers Capital Ltd. acted as the book-running lead manager for the IPO. Kfin Technologies Limited served as the registrar, while Giriraj Stock Broking Private Limited was appointed as the market maker. Founded in 2009, Abram Food Limited is engaged in the production and distribution of a broad product range, including Chana Dal, Chakki Atta, Besan, multi-grain atta, Maida, Sooji, various spices, cattle feed (khali), and edible oils. The company markets its offerings under the brand name "Kherliwala" and has a strong presence in Rajasthan, Delhi/NCR, and Uttar Pradesh through a network of distributors. The company primarily supplies its products in bulk packaging of 30 to 50 kilograms to distributors, who then retail the products in loose form. Abram Food is known for its emphasis on quality, ensuring that its goods are processed without artificial preservatives or chemicals—from sourcing raw materials to final packaging. In the unofficial market, the Abram Food IPO was trading at a grey market premium (GMP) of ₹ 8 per share on Friday. This implies a potential listing price of ₹ 106, representing an 8.16 percent premium over the issue price of ₹ 98. Disclaimer: The above information is based on market trends and input from brokerage firms and does not constitute investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
Business Standard
24-06-2025
- Business
- Business Standard
BSE SME IPO of Abram Food subscribed 2.28 times
The offer received bids for 32.65 lakh shares as against 14.28 lakh shares on offer. The initial public offer (IPO) of Abram Food received bids for 32,65,200 shares as against 14,28,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (24 June 2025). The issue was subscribed 2.28 times. The issue opened for bidding on Tuesday (24 June 2025) and it will close on Thursday (26 June 2025). The price of the IPO is fixed at Rs 98 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSEs SME platform. The IPO comprises fresh issue of 14,28,000 equity shares. The promoter and promoter group shareholding will dilute to 67.33% from 93.14% pre-issue. About 72,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 13,56,000 equity shares including anchor allocation portion. The issue and the net issue will constitute 27.71 % and 26.32 %, respectively of the post Issue paid up equity share capital of the company. The company intends to utilize the net proceeds for capital expenditure for purchase of machineries, funding of working capital requirements of the company, issue related expenses in relation to issue and general corporate purposes. Abram Food is engaged in the business of manufacturing, marketing, and selling chana, chana dal, besan, edible oil, spices, and flour (atta) under its own brand, KHERLIWALA. It manufactures, trades, and sells these products to its network of distributors. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic taste of Rajasthan, delighting consumers with every bite. As of 31 March 2025, the company had a total of 18 employees. The company recorded revenue from operations of Rs 64.04 crore and net profit of Rs 3.26 crore for the period ended 31 March 2025.
Mint
24-06-2025
- Business
- Mint
Abram Food IPO Day 1: GMP, subscription status, price band, other details of BSE SME IPO
Abram Food IPO day 1: The initial public offering (IPO) of Abram Food Limited opened for subscription on Tuesday, June 24. The fixed price SME IPO of about ₹ 14 crore is entirely a fresh issue of 14.28 lakh shares. The IPO is witnessing tepid subscription and current grey market trends indicate the stock could be listed at a mild premium. By 11 AM on the first day of subscription, the SME IPO had been subscribed 14 per cent, with the retail portion booked 20 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 8 per cent. 1. Abram Food IPO GMP: According to market sources, the latest grey market premium (GMP) of Abram Food shares was ₹ 9. The latest GMP indicates the stock could be listed at a premium of slightly over 9 per cent. 2. Abram Food IPO date: Abram Food IPO opened for subscription on Tuesday, June 24, and will remain open till Thursday, June 26. 3. Abram Food IPO price: The price of the SME IPO has been fixed at ₹ 98 per share. 4. Abram Food IPO size: The company intends to raise ₹ 14 crore from the issue, which it will use for the purchase of machines, funding of working capital requirements and general corporate purposes. (This is a developing story. Please check back for fresh updates.) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
