GSM Foils Limited IPO...
04 Jul, 2025
Abram Food Limited IPO
Abram Food Limited, a well-known FMCG name hailing from Rajasthan, is planning to launch its IPO, which is scheduled to open on June 24, 2025, and close on June 26, 2025. It has a fixed price offer of ₹98 per share with a total issue size of ₹13.29 crore for 13.56 lakh equity shares. To apply for the IPO listed on the BSE SME platform, one needs to purchase a minimum lot size of 1200 shares which means an investment of ₹1,17,600. The expected listing date is July 1, 2025 and the allocation basis will be finalized on June 27, 2025.
Company Background
The company was founded in 2009 as Sharda Edible Products Private Limited and over the years Abram Food Limited (now a public company) underwent several name changes and finally transformed into a public limited company in July 2024. With their headquarters based in Alwar, Rajasthan, they have established themselves within the FMCG industry focusing on the processing of staple foods. Their flagship brand is Kherliwala which has a strong reputation in Northern India. The company traces back its roots to 1975 when Shri Gyan Chand Gupta started it with hopes of trading and producing mustard oil and dal mill products.
Operations & Product Range
Facility & Production
Abram Food has a contemporary manufacturing unit located at Matsya Industrial Area, Alwar in Rajasthan which covers an area of 3000 square meters. The facility is equipped with IoT enabled machines for grinding, drying, cleaning and packing the product as required in modern food processing technology, enabling the maintenance of quality without any chemical preservatives. As on September 2024, estimate annual manufacturing capacity includes 1685.17 MT for pulses, 129.86 MT for flour products (Atta, Besan, Sooji, Maida), and 2 MT for spices.
Brands & Market Presence
The company produces and sells under the brand “Kherliwala” and “Rajasthan Royal.” Their products include Chana Dal, Besan, Wheat Flour (Atta), Maida, Sooji, Multi Grains Atta, edible Oils (mustard, soybean til), Spices, Cattle Feed (Khal), Chana Churi and Chana Chilka. The company offered retail-branded packs, as well as bulk packs of 30-50 kilograms. The company distributes through a network of 51 distributors supported by 4 sales personnel primarily in Rajasthan, Delhi NCR and Uttar Pradesh.
Revenue Channels
Abram Food generates revenue through the manufacturing and trading of staple food products and edible oils, sold both in bulk to distributors and in retail packs to end consumers. Additionally, the business uses by-product processing to increase profits. Its distribution network in Rajasthan and Delhi-NCR is a key channel for revenue generation.
Management & Shareholding
Promoters & Shareholding
Brij Bhushan is a Promoter and Managing Director who stepped into the company in December 2023 and was appointed as Managing Director in February 2024. He has nearly 49 years of experience in the FMCG industry which is quite preeminent. Ms Mona Singhal also joined the firm in 2016 and currently heads compliance as well as governance. She is a Chartered Accountant with more than eight years of experience in auditing and compliance. Mr Arpit Gupta sits on the Board of Directors which means he works for the company too. Together, before the IPO, they represented a close to 67.33% ownership stake held by the promoters.
Board Members
Besides the promoters, Sanjay Kumar Jain is a non-executive director who has worked in the FMCG industry for more than 30 years, acquiring raw materials.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Abram Food Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Abram Food Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 13,56,000 shares |
| (Ex Market Maker) | (aggregating up to ₹13.29 Cr) |
| Fresh Issue | 13,56,000 shares |
| (Ex Market Maker) | (aggregating up to ₹13.29 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,26,000 shares |
| Share Holding Post Issue | 51,54,000 shares |
| Market Maker Portion | 72,000 shares |
Abram Food Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Abram Food Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,17,600 |
| Retail (Max) | 1 | 1200 | ₹1,17,600 |
| HNI (Min) | 2 | 2,400 | ₹2,35,200 |
EnNutrica IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Abram Food Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 93.14% |
| Share Holding Post Issue | 67.33% |
Competitive Strength:
- ● Established brand presence in northern India under the "Kherliwala" and "Rajasthan Royal" brands.
- ● Vertically integrated manufacturing facility with modern machinery ensuring quality.
- ● Diverse product portfolio including pulses, flours, spices, edible oils, and cattle feed.
- ● Strong distribution network across Rajasthan, Delhi-NCR, and Uttar Pradesh.
- ● Experienced management team with deep FMCG industry knowledge.
- ● Efficient resource utilization through by-product processing enhances margins.
Abram Food Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-25 | 17.09 | 64.09 | 3.26 | 4.7 | 7.13 | |||||||||||||||||||||||||||||||||||
| 31-Mar-24 | 10.62 | 36.14 | 1.02 | 4.15 | 6.01 | |||||||||||||||||||||||||||||||||||
| 31-Mar-23 | 7.73 | 33.16 | 0.48 | 3.13 | 4.39 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 38.62% |
| ROCE | 56.02% |
| Debt/Equity | 0.85 |
| RoNW | 38.62% |
| PAT Margin | 5.08% |
| EBITDA Margin | 7.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
IPO Objectives
The IPO aims to raise ₹13.29 crore through a fresh issue of shares to fund business expansion, enhance manufacturing capabilities, strengthen distribution networks, and improve working capital requirements. The company seeks to leverage the IPO proceeds to scale operations and consolidate its market position in the organized food processing sector.
Conclusion
Abram Food Limited, with its long-standing heritage and focus on staple food products, is positioned as a promising mid-sized FMCG player in India. Its robust manufacturing setup, strong brand presence, and efficient distribution network across key northern states provide a solid foundation for growth. The upcoming IPO offers investors an opportunity to participate in the company's expansion plans and benefit from its strategic initiatives in the food processing industry.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When does the Abram Food IPO open and close?
On June 24, 2025, the IPO begins, and on June 26, 2025, it closes.
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2. What is the lot size and issue price?
A minimum lot size of 1,200 shares is required, and the issue price is ₹98 per share.
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3. How big is the IPO overall?
The IPO size is ₹13.29 crore, comprising a fresh issue of 13.56 lakh equity shares.
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4. What products does Abram Food Limited manufacture?
The company manufactures and trades Chana Dal, Besan, Wheat Flour (Atta), Multi-Grain Atta, Maida, Sooji, Spices, Edible Oils (mustard, soybean, til), and Cattle Feed (Khal).
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5. What is the company's manufacturing capacity?
As of September 2024, the capacity includes 1,685.17 MT for pulses, 129.86 MT for flour products, and 2 MT for spices annually.
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6. How can investors apply for the IPO?
Investors can apply online through platforms like Angel One by logging in, selecting the Abram Food IPO, entering the lot size, submitting their UPI ID, and approving payment via UPI.
