By Bl Mumbai Bureau
Copyright thehindubusinessline
DSM Fresh Food, which operates the omnichannel meat retailer ZappFresh, announced today that its initial public offering will open on September 26, 2025, with a price band of ₹96-101 per equity share. The IPO will close on September 30, 2025.
The company plans to raise funds through an offering of up to 59.06 lakh equity shares of ₹10 face value each. Of this, 3.31 lakh shares worth ₹3.35 crore will be reserved for market makers, while the remaining 55.75 lakh shares constitute the net issue size worth ₹56.31 crore. The anchor investor bidding will commence on September 25, 2025.
Founded in 2015 and headquartered in Gurugram, ZappFresh operates as a farm-to-fork integrated supply chain model covering sourcing, processing, cold storage and distribution of fresh meat and ready-to-cook products, including chicken, mutton and seafood. The company serves both retail consumers through its digital platform and business customers in the hotel, restaurant and catering segments.
The net proceeds will fund working capital requirements of ₹25 crore, marketing expenditure of ₹15 crore, capital expenditure of ₹11 crore and ₹3 crore for inorganic growth through acquisitions. ZappFresh has previously acquired Bonsaro in Mumbai and Dr. Meat in Bangalore, successfully turning both loss-making entities profitable.
The company’s equity shares will be listed on BSE’s SME platform, with Narnolia Financial Services serving as the book running lead manager.
Published on September 16, 2025
