Latest news with #AbramFoodLimited
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.
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.
Time of India
24-06-2025
- Business
- Time of India
Abram Food IPO opens today: Key details to know before subscribing to the issue
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Abram Food Limited, a Rajasthan-based packaged food manufacturer, is set to open its initial public offering (IPO) June 24. The fixed price IPO will close on Thursday with listing scheduled on the BSE SME platform on July company aims to raise 13.99 crore rupees through a fresh issue of 14.28 lakh equity shares, priced at 98 rupees each. Retail investors can apply for a minimum of one lot, comprising 1,200 Makers Capital is the lead manager to the issue, while Kfin Technologies is acting as registrar. Giriraj Stock Broking will serve as the market maker for the IPO will see an equal split in allotment between retail and non-institutional investors, with each category receiving 6.78 lakh shares. No allocation is reserved for qualified institutional buyers (QIBs).Founded in 2009, Abram Food is engaged in the manufacturing and trading of food staples like chana dal, besan, flour, multigrain atta, maida, spices, cattle feed, and edible oils. It markets its products under the "Kherliwala" and "Rajasthan Royal" brands, primarily across Rajasthan, Delhi-NCR, and Uttar Pradesh through a network of company operates a 3,000 sq. meter manufacturing unit in Alwar's Matsya Industrial Area and employs 15 people as of November 2024. Its offerings are supplied in bulk packaging and processed without artificial FY25, Abram Food reported revenues of 64.09 crore rupees and a net profit of 3.26 crore rupees, registering a 77 percent jump in revenue and a 220 percent surge in profit year-on-year. The company's return on equity stood at a robust 38.62 percent, with a post-issue market cap estimated at 50.51 crore from the IPO will be used for machinery purchase (3.85 crore rupees), working capital (6.7 crore rupees), general corporate purposes, and issue-related expenses.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
United News of India
23-06-2025
- Business
- United News of India
Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
New Delhi [India], June 21:New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24 th 2025 and closes on Thursday, June 26 th 2025. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The initial public offering of Rs. 13.99 crore is entirely a fresh issue of 14.28 lakh equity shares for a face value of Rs. 10 each with issue price fixed at Rs. 98 per equity share. Out of the fresh issue of Rs. 13.99 crore, company plans to utilize Rs. 3.85 crore towards capital expenditure for purchase of machineries, Rs. 6.70 crore towards funding of working capital requirement of the company, and rest for general corporate purpose. The minimum lot size for an application is 1,200. Retail investors are required to invest minimum amount of Rs. 1,17,600 whereas HNIs have to park Rs. 2,35,200 for minimum lot size of 2 lots (2,400 shares). Out of total 14,28,000 shares offered, 47.48% are reserved for the retail quota and 47.48% for HNI quota. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name 'Kherliwala' through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Fresh public issue of Rs. 13.99 crore opens for subscription from June 24 th 2025 to June 26 th Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. 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. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Opens on – June 24, 2025 IPO Closes on – June 26, 2025 Issue Price (Fixed) – Rs. 98 Per Share Issue Size – 14.28 lakh shares – Rs. 13.99 crore Lot Size – 1,200 Shares Listing on – BSE SME Platform If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
Business Standard
21-06-2025
- Business
- Business Standard
Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
PNN New Delhi [India], June 21: New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in the year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24th 2025 and closes on Thursday, June 26th 2025. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The initial public offering of Rs. 13.99 crore is entirely a fresh issue of 14.28 lakh equity shares for a face value of Rs. 10 each with issue price fixed at Rs. 98 per equity share. Out of the fresh issue of Rs. 13.99 crore, company plans to utilize Rs. 3.85 crore towards capital expenditure for purchase of machineries, Rs. 6.70 crore towards funding of working capital requirement of the company, and rest for general corporate purpose. The minimum lot size for an application is 1,200. Retail investors are required to invest minimum amount of Rs. 1,17,600 whereas HNIs have to park Rs. 2,35,200 for minimum lot size of 2 lots (2,400 shares). Out of total 14,28,000 shares offered, 47.48% are reserved for the retail quota and 47.48% for HNI quota. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name "Kherliwala" through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Highlights: -Fresh public issue of Rs. 13.99 crore opens for subscription from June 24th 2025 to June 26th 2025. -Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. -Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. -For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. -As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. -The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. -Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. 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. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Highlights- Abram Food Ltd IPO Opens on - June 24, 2025 IPO Closes on - June 26, 2025 Issue Price (Fixed) - Rs. 98 Per Share Issue Size - 14.28 lakh shares - Rs. 13.99 crore Lot Size - 1,200 Shares Listing on - BSE SME Platform (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
