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Mumbai: Abram Food Limited, established in 2009, is a food manufacturing and trading company. Its product portfolio includes chana dal, chakki atta, besan, multigrain atta, maida, suji, spices, cattle feed (khal), and edible oils. These products are marketed under the "Kherliwala" brand in Rajasthan, Delhi/NCR, and Uttar Pradesh through a network of distributors. The company mainly supplies bulk packs (30–50 kg) of products like chana dal, atta, besan, chana churi, and cattle feed to distributors, who then sell them in retail markets. The manufacturing facility is located in Alwar, Rajasthan.

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Abram Food IPO Price Band

The IPO is priced at Rs 98 per share. Retail investors must apply for a minimum of 1 lot comprising 1200 shares, translating to a minimum investment of Rs 1,17,600. HNI investors must apply for at least 2 lots (2400 shares), totaling Rs 2,35,200.

IPO Size

This is a fixed-price IPO aiming to raise ₹13.99 crore through a fresh issue of 14.28 lakh equity shares. Promoters of the company include Brij Bhushan, Mona Singhal, and Arpit Gupta.

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Objective of the IPO

The IPO proceeds will be used as follows:

• Rs 3.85 crore for capital expenditure to purchase machinery and enhance production capacity.

• Rs 6.70 crore for working capital needs.

• Rs 2.05 crore for general corporate purposes such as branding, strategic initiatives, or expansion plans.

• Rs 1.40 crore to cover issue-related expenses including marketing, legal, and registration costs.

Financial Performance

Between FY 2024 and FY 2025 (ending March 31), Abram Food Limited saw a 77 percent increase in revenue and a 220 percent rise in profit after tax. The company reported ₹64.09 crore in revenue and ₹3.26 crore in PAT for FY25.

IPO Timeline

• Opening Date: June 24, 2025

• Closing Date: June 26, 2025

• Allotment Date: June 27, 2025

• Shares Credited to Demat Account: June 30, 2025

• Listing on BSE SME: July 1, 2025

GMP (Grey Market Premium)

As per market analysts, the current GMP for Abram Food IPO in the unlisted market is ₹0, indicating no premium or discount.

Book Running Lead Manager

Corporate Capital Makers Limited is the Book-Running Lead Manager for the issue.

Registrar

KFin Technologies Limited is the registrar for this IPO.

(Disclaimer: The recommendations, suggestions, views, and opinions expressed by experts are their own and do not represent the views of The Free Press Journal.)

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