Abram Food IPO Listing : Shares of Abram Food, which sells chickpeas, flour, gram flour, multigrain flour, refined flour, semolina, spices, oilcake, and edible oil, debuted today on the BSE SME platform at a premium price. The IPO received bids over 28 times the issue size. Shares were issued at ₹98 each under the IPO. However, the stock opened at ₹90.40 on BSE SME, meaning IPO investors faced no listing gains; instead, their investment value dropped by 7.76%. After listing, the share price fell further to ₹86.01. Although it stabilized at lower levels, buying interest pushed the price up to ₹94.92, hitting the upper circuit. Despite this recovery, IPO investors are still facing a 3.14% loss.
How Abram Food Will Use the IPO Funds
Abram Food’s ₹13.99 crore IPO subscription was open from June 24 to 26. The IPO received a strong response from investors, with an overall subscription of 28.49 times. The half portion reserved for retail investors was subscribed 16.05 times. Under this IPO, 14.28 lakh new shares with a face value of ₹10 each were issued. The funds raised will be allocated as follows: ₹3.85 crore for machinery purchases, ₹6.70 crore to meet working capital requirements, ₹2.05 crore for general corporate purposes, and ₹1.40 crore towards IPO-related expenses.
About Abram Food
Founded in 2009, Abram Food sells chickpeas, flour, gram flour, multigrain flour, refined flour, semolina, spices, oilcake, and edible oil. Its products are marketed under the “Kherliwala” brand through distributors across Delhi NCR, Rajasthan, and Uttar Pradesh. The company’s manufacturing facility is located in Alwar, Rajasthan. Financially, Abram Food has shown continuous improvement. In fiscal year 2023, it posted a net profit of ₹48 lakh, which jumped to ₹1.02 crore in fiscal 2024 and further to ₹3.26 crore in fiscal 2025. During this period, the company’s revenue grew at a compound annual growth rate (CAGR) exceeding 39%, reaching ₹64.09 crore, while its operating profit surged at a CAGR of over 121%, hitting ₹1.03 crore.
Disclaimer: This article is just for information. It should not be treated as investment advice in any way. Investing in the stock market is based on risk. Be sure to consult your financial advisor before investing in the stock market.
