Abram Food
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 24 Jun 2025 – 26 Jun 2025
- Listing date
- 01 Jul 2025
- Face value
- ₹1 per share
- Issue price
- ₹98 per share
- Lot size
- 1,200 shares
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹13.99 Cr
- Market cap at offer price
- ₹50.51 Cr
- Promoter holding
- 93.14% → 67.33% pre-issue → post-issue
- ISIN
- INE0ZDY01011
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Corporate Makers Capital Ltd.
- Registered office
- 605, Pearl Business Park, Nr.Fun Cinema, Netaji Subhash Place, Pitampura, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 72,000 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹98
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,17,600 |
| S-HNI (min) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (min) | 9 | 10,800 | ₹10,58,400 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.74 | 6.32 |
| P/E (×) | 11.21 | 15.51 |
| Price to book (×) | 4.33 | — |
| Market cap | — | ₹50.51 Cr |
Key performance indicators
- Return on net worth
- 38.62%
- ROCE
- 56.02%
- Debt / equity
- 0.85
- PAT margin
- 5.08%
- EBITDA margin
- 7.92%
- NAV per share
- ₹22.62
- Price to book
- 4.33
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Abram Food
Abram Food Limited was incorporated in 2009 as 'Sharda Edible Products Private Limited' and converted to a public limited company in 2024. The company manufactures and trades a diversified range of food products including Chana Dal, Chana, Besan, flour (Atta), Maida, Sooji, spices, cattle feed, and edible oils under its 'KHERLIWALA' brand. The company sources raw materials from various mandis and uses traditional processing techniques combined with in-house manufacturing to ensure authentic taste and nutritional value. Operating from a 3,000 sq. meter manufacturing facility in Alwar, Rajasthan, the company distributes through 51 distributors across Rajasthan, Delhi-NCR, and Uttar Pradesh. The company has demonstrated strong financial growth with revenues increasing from ₹2,181.18 lakhs in FY2022 to ₹4,235.16 lakhs by September 30, 2024.
Company Analysis
from DRHPAbram Food Limited manufactures and trades packaged food products including pulses, flours, spices, and edible oils under the 'KHERLIWALA' brand across FMCG and specialty food industries.
Abram Food Limited was incorporated in 2009 as 'Sharda Edible Products Private Limited' and converted to a public limited company in 2024. The company manufactures and trades a diversified range of food products including Chana Dal, Chana, Besan, flour (Atta), Maida, Sooji, spices, cattle feed, and edible oils under its 'KHERLIWALA' brand. The company sources raw materials from various mandis and uses traditional processing techniques combined with in-house manufacturing to ensure authentic taste and nutritional value. Operating from a 3,000 sq. meter manufacturing facility in Alwar, Rajasthan, the company distributes through 51 distributors across Rajasthan, Delhi-NCR, and Uttar Pradesh. The company has demonstrated strong financial growth with revenues increasing from ₹2,181.18 lakhs in FY2022 to ₹4,235.16 lakhs by September 30, 2024.
Objects of the Issue
- Capital Expenditure for purchase of machineries ₹385.00 lakhs p.83
- Funding of Working Capital Requirement ₹670.00 lakhs p.89
- General corporate purposes [●] p.92
Issue Structure
- Total Issue
- Upto ₹[●] lakhs (for 14,28,000 Equity Shares)
- Fresh Issue
- Upto 14,28,000 Equity Shares at ₹[●] per share aggregating ₹[●] lakhs
- Offer for Sale
- Nil (Entire issue constitutes fresh issue)
- Price Band
- [●] (Fixed Price Issue)
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company operates a manufacturer-distributor model where it procures raw materials from mandis and other suppliers, processes and packages them at its manufacturing facility, and distributes branded and bulk products through a network of distributors and retailers across northern India. Revenue is generated through direct sales of branded products in packaged sizes and bulk supplies to distributors.
Business Segments
SWOT Analysis
- • Strategically located manufacturing facility with efficient production capability(p.129)
- • Extensive and well-established distribution network across key markets(p.130)
- • Experienced promoter and professional management team with deep industry expertise(p.130)
- • Strong revenue growth trajectory and improving profitability metrics(p.117)
- • Efficient utilization of by-products as additional revenue source(p.130)
- • Strong brand recognition and multiple awards for product quality and company excellence(p.137)
- • Compliance with international quality and food safety standards(p.139)
- • High concentration of revenue from limited customer base(p.121)
- • Significant dependence on a few key suppliers(p.122)
- • Outstanding litigation involving promoter with potential reputational risk(p.31)
- • Rental dependence for critical infrastructure with limited tenure(p.32)
- • Negative operating cash flows in recent fiscal years despite profitability(p.33)
- • Limited manufacturing capacity utilization for newer product lines(p.129)
- • Majority of directors lack experience with listed companies(p.45)
- • Expansion into new geographical markets and neighboring states(p.131)
- • Growth in e-commerce and modern retail segments for branded FMCG products(p.131)
- • Capacity expansion through advanced automation and modern machinery(p.131)
- • Increasing demand in Indian FMCG sector driven by rising disposable income(p.23)
- • Diversification into new product categories and value-added products(p.83)
- • Growth in processed food market with government support for food processing infrastructure(p.113)
- • High competition from organized and unorganized FMCG players(p.38)
- • Seasonal volatility affecting revenue and cash flows(p.31)
- • Price volatility and supply risks for agricultural raw materials(p.34)
- • Regulatory changes impacting manufacturing and compliance requirements(p.30)
- • Infrastructure concentration risk in single Rajasthan facility location(p.32)
- • Global economic downturn impacting domestic demand(p.47)
- • Monsoon and natural disaster dependency affecting agricultural supply(p.47)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Brij Bhushan | Promoter | 15.51% | [●] |
| Ms. Mona Singhal | Promoter | 50.43% | [●] |
| Mr. Arpit Gupta | Promoter | 20.25% | [●] |
| Aviansh Logistics Private Limited | Promoter Group | 3.49% | [●] |
| Ms. Reeta Gupta | Promoter Group | 3.45% | [●] |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.