Zappfresh , the D2C meat delivery brand under DSM Fresh Foods Ltd, made a solid debut on the BSE SME platform, listing at โน120 per share, a 20% premium over the issue price of โน100. The stock later hit the upper circuit limit of โน126, reflecting strong investor confidence. Zappfresh was co-founded in 2015 by Deepanshu Manchanda and Shruti Gochhwal
Key Highlight
๐ข๐๐ฒ๐ฟ๐๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป: The IPO was 1.36x oversubscribed, with bids for 53.12 lakh shares against 39.08 lakh on offer.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป: At listing, the companyโs market cap stood at approximately โน267.45 crore (~$30 million).
๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น๐: In FY25, Zappfresh reported a 94% increase in profit, reaching โน9.1 crore, and operating revenue of โน130.7 crore, up 45% from the previous year.
๐๐ ๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป: The company has expanded from B2C to B2B, with B2B revenue contributing โน36.7 crore in FY25.
๐ช๐ต๐ ๐๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐?
Zappfreshโs successful IPO debut underscores the growing investor interest in D2C food brands and quick commerce models in India. The company’s strong financial performance and strategic expansion into B2B segments position it well for sustained growth in the competitive food delivery market.
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