NFP Sampoorna Foods
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 25 May 2026 | ₹0 | 0.00% | ₹0 | ₹55 | ₹0 |
| 24 May 2026 | ₹0 | 0.00% | ₹0 | ₹55 | ₹0 |
| 23 May 2026 | ₹0 | 0.00% | ₹0 | ₹55 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 18 May 2026 – 20 May 2026
- Listing date
- 25 May 2026
- Face value
- ₹10 per share
- Price band
- ₹52 – ₹55
- Issue price
- ₹55 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹24.53 Cr
- Market cap at offer price
- ₹69.49 Cr
- Promoter holding
- 99.99% → 64.69% pre-issue → post-issue
- ISIN
- INE0T1501010
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- 3Dimension Capital Services Ltd.
- Registered office
- Ground Floor B-3A & B-3B, Plot No 70, Najafgarh Road Industrial Area, Rama Road, 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 |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 2,24,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹55
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,10,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,20,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,90,000 |
| B-HNI (min) | 10 | 20,000 | ₹11,00,000 |
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.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹55 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.27 | 4.14 |
| P/E (×) | 16.82 | 13.29 |
| Price to book (×) | 3.78 | — |
| Market cap | — | ₹69.49 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 29.65%
- ROCE
- 40.90%
- Debt / equity
- 1.26
- PAT margin
- 7.50%
- EBITDA margin
- 13.17%
- NAV per share
- ₹14.54
- Price to book
- 3.78
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About NFP Sampoorna Foods
NFP Sampoorna Foods Limited was incorporated on December 13, 2023, following the conversion of the partnership firm M/s Nut and Food Processor into a public limited company on October 28, 2023. On June 30, 2025, the Company acquired M/s Yashvardhan Food Industries Private Limited on a going concern basis. The Company sources Raw Cashew Nuts (RCN) directly from African countries including Ghana, Ivory Coast, Benin, Togo, and Conakry, and processes them in-house to produce cashew kernels in various grades. It has diversified its product portfolio by introducing makhana in August 2024, almonds in March 2025, and walnuts in September 2025. The Company operates through both B2B and B2C channels, with cashew nuts representing the majority of revenue (97.82% for the period ended November 30, 2025). It transitioned its processing operations from Sonipat, Haryana, to a newly commissioned facility in Neemrana, Rajasthan, in early 2025. The Company derives a substantial portion of its revenue from a limited number of customers concentrated in Delhi NCR, Haryana, and Gujarat regions.
Company Analysis
from RHPNFP Sampoorna Foods Limited is a diversified food processing and trading company engaged in procurement, processing, grading, packaging, marketing, and distribution of dry fruits including cashew nuts, makhana, almonds, and walnuts across domestic and regional markets.
NFP Sampoorna Foods Limited was incorporated on December 13, 2023, following the conversion of the partnership firm M/s Nut and Food Processor into a public limited company on October 28, 2023. On June 30, 2025, the Company acquired M/s Yashvardhan Food Industries Private Limited on a going concern basis. The Company sources Raw Cashew Nuts (RCN) directly from African countries including Ghana, Ivory Coast, Benin, Togo, and Conakry, and processes them in-house to produce cashew kernels in various grades. It has diversified its product portfolio by introducing makhana in August 2024, almonds in March 2025, and walnuts in September 2025. The Company operates through both B2B and B2C channels, with cashew nuts representing the majority of revenue (97.82% for the period ended November 30, 2025). It transitioned its processing operations from Sonipat, Haryana, to a newly commissioned facility in Neemrana, Rajasthan, in early 2025. The Company derives a substantial portion of its revenue from a limited number of customers concentrated in Delhi NCR, Haryana, and Gujarat regions.
Objects of the Issue
- Working capital requirement ₹725.00 Lakhs p.24
- Repayment of the portion of certain outstanding Borrowings availed by our company ₹950.00 Lakhs p.24
- General Corporate Expenses p.24
- To Meet Working Capital Requirements of the Company ₹725.00 Lakhs p.91
- To Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company ₹950.00 Lakhs p.101
- General Corporate Purposes [●] p.91
- Not disclosed in this document portion
- Not specified in this part of the document p.275
Issue Structure
- Total Issue
- 44,60,000 Equity Shares of Face Value of ₹10/- each aggregating to ₹[●] Lakhs
- Fresh Issue
- 44,60,000 Equity Shares of Face Value of ₹10/- each aggregating to ₹[●] Lakhs
- Offer for Sale
- NOT APPLICABLE AS THE ENTIRE ISSUE CONSTITUTES FRESH ISSUE OF EQUITY SHARES
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 each
Business Model
The Company generates revenue through the processing and trading of dry fruits. It procures Raw Cashew Nuts directly from African suppliers and third-party Indian importers, processes them in-house through multiple stages (cleaning, boiling, cooling, de-shelling, drying, moistening, peeling, sorting, and grading), and sells the finished products through B2B and B2C channels. The Company has introduced a trading vertical to leverage bulk-buying power through customer advances and internal funds to negotiate better pricing. The trading vertical contributed 38.43% and 44.63% of revenue for FY 2024-25 and the period April 1, 2025 to November 30, 2025, respectively, while processing contributed the remainder.
Business Segments
SWOT Analysis
- • Established procurement network in Africa for cost-effective sourcing of raw cashew nuts(p.33)
- • Diversified product portfolio expanding beyond cashews to include makhana, almonds, and walnuts(p.23)
- • Multi-channel distribution strategy through B2B, B2C, and institutional channels(p.23)
- • Transition to improved front-end procurement model with better quality control and cost efficiency(p.36)
- • Strategic acquisition of Yashvardhan Food Industries Private Limited to expand operations(p.23)
- • New automated processing facility with upgraded operational capabilities(p.34)
- • Significant power consumption with backup generation capacity(p.54)
- • Diversified product portfolio across multiple dry fruit categories(p.54)
- • Positioned as healthy and natural products with consumer perception advantage(p.55)
- • Experienced promoters with 28+ years combined expertise in food processing and trading(p.152)
- • Direct procurement network eliminating intermediaries from Africa, Bihar, and licensed importers(p.152)
- • Consistent year-round demand due to long shelf life of dry fruits(p.153)
- • Established client relationships and repeat business from consistent quality delivery(p.153)
- • Strategic market presence at Khari Baoli, Asia's largest dry fruit wholesale market(p.154)
- • Quality certifications (ISO 9001:2015, ISO 22000:2018) and FSSAI compliance(p.127)
- • Experienced leadership with strong track record in food processing and cashew operations(p.184)
- • Young, dynamic managing director with entrepreneurial experience and proven ability to expand market presence and build operational frameworks(p.184)
- • Established board governance with independent directors and specialized committees(p.188)
- • Key management personnel with specialized expertise in finance and corporate governance(p.194)
- • Diverse and multi-sector business portfolio of promoters and group companies(p.184)
- • Direct procurement control from African sources(p.250)
- • Modern automated processing facility with significant capacity(p.250)
- • Stringent quality control from procurement to final product(p.250)
- • Diversified product portfolio into premium nutrition categories(p.250)
- • Established sourcing network enabling competitive procurement(p.250)
- • Significant revenue growth and improved profitability trajectory(p.256)
- • Improved operational efficiency and cost control(p.256)
- • High dependence on cashew products, which accounted for 97.82% of revenue in recent periods(p.37)
- • Geographic concentration of operations in Delhi NCR, Haryana, and Gujarat(p.38)
- • High dependence on few customers, with top 10 customers representing 41.88% of revenue(p.40)
- • Significant dependence on limited number of suppliers for raw materials(p.39)
- • All premises are on lease/rental basis with no owned properties(p.36)
- • Material intensity of operations with cost of material consumed at 36.09% of revenue(p.33)
- • Past instances of delays in EPF, GST, and ROC filings indicating compliance gaps(p.46)
- • Unsecured loans from promoters and directors repayable on demand(p.51)
- • High level of indebtedness with significant borrowing(p.54)
- • Promoter group retains majority control post-IPO, limiting minority influence(p.54)
- • Dependence on single power supplier with limited backup options(p.54)
- • Limited marketing efforts and uncertain effectiveness(p.57)
- • Working capital intensive business model with high inventory and receivables(p.56)
- • Directors lack experience managing listed companies(p.57)
- • Seasonal procurement of raw materials leading to price volatility and inventory costs(p.154)
- • Regulatory complexity and compliance burden in food processing sector(p.154)
- • Quality inspection is a bottleneck limiting production throughput(p.159)
- • Heavy dependence on top customers with concentration risk(p.150)
- • High financial leverage with debt-to-equity ratio of 1.59 as of November 30, 2025(p.249)
- • Significant dependence on related party transactions, particularly with Yashvardhan Food Industries(p.243)
- • Heavy reliance on unsecured loans from multiple financial institutions at high interest rates(p.223)
- • Concentrated ownership with promoters holding 97.09% of pre-issue equity share capital(p.197)
- • Recent and frequent changes in company secretarial position indicating potential governance instability(p.195)
- • Significant dependence on a limited number of suppliers(p.259)
- • High debt levels and rising finance costs(p.256)
- • Substantial increase in current liabilities and borrowings(p.258)
- • Outstanding dues to creditors indicating working capital pressure(p.265)
- • India's food processing industry growing at strong pace with 8.80% contribution to GDP as of 2024(p.23)
- • Growing market demand for health-oriented and convenient food products(p.23)
- • Expansion into new geographical markets beyond current regional concentration(p.51)
- • Development of trading vertical to leverage bulk-buying power and strengthen sourcing network(p.37)
- • Opportunity to increase market share through competitive positioning on quality and efficiency(p.37)
- • Expansion of B2C vertical with longer receivables cycle creating growth potential(p.93)
- • Capacity optimization at new Neemrana processing facility(p.93)
- • Direct procurement network from Africa enabling quality control and cost advantages(p.107)
- • Presence across traditional, modern and digital sales channels(p.107)
- • Growing consumer demand for healthy and nutritious snacking products(p.155)
- • Expansion of B2C presence through digital marketing and e-commerce platforms(p.155)
- • Growing institutional demand in hospitality, corporate gifting, and food service(p.155)
- • Entry into modern retail chains and supermarket shelves for brand building(p.155)
- • Planned introduction of value-added makhana variants targeting health-conscious consumers(p.153)
- • India's food processing sector expected to reach USD 700 billion by 2030(p.120)
- • Market expansion strategy across North India with focus on brand visibility and customer relationship building(p.184)
- • Diversification into cashew husk trading and supply to tanning industry(p.217)
- • Growth potential in processing segment with demonstrated high annual growth rates(p.184)
- • Acquisition of Yashvardhan Food Industries Private Limited to consolidate market position and integrate operations(p.244)
- • Geographic expansion into new states for market penetration(p.254)
- • Growing B2B and institutional customer base expansion(p.254)
- • Expansion of raw cashew nut trading vertical(p.254)
- • Strategic diversification into new products like walnuts(p.254)
- • Acquisition of wholly owned subsidiary adding capacity and synergies(p.257)
- • Seasonality and price volatility of raw cashew nuts dependent on climatic conditions and market dynamics(p.33)
- • Intense competition from larger, well-resourced competitors with greater economies of scale(p.36)
- • Regulatory and compliance risks including GST, environmental, and food safety regulations(p.50)
- • Foreign exchange fluctuation risk from USD-denominated procurements(p.36)
- • Geopolitical instability, port congestion, and logistics constraints in African sourcing countries(p.36)
- • Risk of counterfeit and pass-off products affecting brand reputation(p.45)
- • Product contamination or adulteration risks leading to recalls and regulatory action(p.41)
- • Disruption risk from power supply interruptions and tariff increases(p.54)
- • Currency fluctuation exposure from import operations(p.56)
- • Rapid shifts in consumer preferences creating product obsolescence risk(p.55)
- • Volatility in securities market and uncertain equity share listing(p.59)
- • Indian economic slowdown could reduce product demand(p.60)
- • Inflation impact on profitability through increased costs(p.60)
- • Natural disasters and man-made disruptions to operations(p.60)
- • Terrorist attacks and regional instability affecting market confidence(p.60)
- • Highly fragmented and competitive cashew processing market with organized and unorganized players(p.165)
- • Commodity price volatility impacting margins due to raw material dependence(p.155)
- • Regulatory changes in food safety standards and packaging requirements(p.155)
- • Seasonal variability, climate-related disruptions, and geopolitical risks in sourcing(p.155)
- • Decline in India's cashew exports from USD 922.4 million in FY18 to USD 289.01 million in FY25(p.123)
- • Significant exposure to import dependence for raw cashew material from Africa(p.217)
- • High exposure to foreign exchange fluctuation risk from international procurement(p.237)
- • Secured borrowings collateralized by industrial property and personal guarantees of directors, creating operational constraints(p.223)
- • Working capital facility subject to annual renewal requirements with financial institutions(p.247)
- • Exposure to regulatory and compliance requirements of SEBI insider trading regulations upon listing(p.192)
- • Seasonal variability and price volatility of raw materials(p.251)
- • Foreign exchange rate exposure on imported raw materials(p.251)
- • Competitive pressures from domestic and regional players(p.251)
- • Regulatory changes in food processing and import-export sectors(p.251)
- • Dependence on timely procurement to maintain production continuity(p.251)
- • Labor availability challenges for processing operations(p.251)
- • Seasonality in consumer demand for products(p.251)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Praveen Goel | Promoter | 53.50% | — |
| Mrs. Anju Goel | Promoter | Negligible | — |
| Mr. Yashvardhan Goel | Promoter | 43.59% | — |
| Praveen Goel | Promoter | 53.50% | [●] |
| Yashvardhan Goel | Promoter | 43.59% | [●] |
| Anju Goel | Promoter | Negligible | [●] |
| Mahesh Chandra Goel | Promoter Group | 2.90% | [●] |
| Praveen Goel | Promoter | — | — |
| Yashvardhan Goel | Promoter | — | — |
| Anju Goel | Promoter | — | — |
| Praveen Goel | Promoter/Chairman & Non-Executive Director | 43,73,513 Equity Shares of face value ₹10/- each, representing 53.50% | — |
| Yashvardhan Goel | Promoter/Managing Director | 35,63,310 Equity Shares of face value ₹10/- each, representing 43.59% | — |
| Anju Goel | Promoter/Whole-Time Director | 100 Equity Shares of face value ₹10/- each, representing 0.0012% | — |
| Yashvardhan Goel | Promoter/Managing Director | — | — |
| Praveen Goel | Promoter/Non-Executive Director | — | — |
Leadership
Auto-extracted from the company's RHP 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 RHP before relying on it.