Abram Food IPO: Price, Allotment, And GMP

Abram Food IPO- Complete Overview

Abram Food IPO under the SME IPO category is a fixed price issue of Rs. 13.99 Cr by Abram Food Limited. The company was established in 2009 and is a manufacturer and trader of Chana Dal, Flour (Chakki Atta), Besan, Multigrain atta, Maida, Sooji, Spices, Commodity Cattle Feed (Khali), and Edible Oil, etc.

The Company sells and markets its product portfolio in the regions of Rajasthan, Delhi/NCR, and Uttar Pradesh under the "Kherliwala" brand label through distributors.

It offers their products in bulk (in packaging of 30-50 kgs) such as Chana Dal, Atta, Besan, Chana Churi, and Cattle Feed (Khal) to intermediaries for loose selling in retail outlets.

The organization manufactures items such as besan, spices, flour, chana dal, and cattle feed without the use of artificial preservatives and chemicals to guarantee high standards and freshness throughout the process from obtaining to packaging.

The company has brands related to flours, namely Rajasthan Royal Besan, Maida, Suji, Chakki Fresh Atta, Multi Grain Atta, as well as oils and spices.

The company possesses a manufacturing plant situated at B-34, Matsya Industrial Area, Alwar, Rajasthan, sprawling an area of 3000 sq. meters with full cleaning, drying, grinding, and packaging capacity to cater to the needs of Rajasthan and Delhi/NCR.

Product Portfolio-

Rajasthan Royal Besan, Rajasthan Royal Chakki Fresh Aata, Rajasthan Royal Maida, Rajasthan Royal Chilli Powder, etc. 

 

Abram Food IPO Overview

The Abram Food IPO date is on 24 June 2025, and its initial public offering will end on 26 June 2025. 

The Rs. 13.99 crore new SME IPO comprises a wholly fresh issue of 14.28 lac Shares. The Abram Food IPO price is Rs. 98 for each Share. 

The Abram Food IPO listing date (expected) is Tuesday, Jul 01, 2025, and listing at the BSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	17.09	10.62	7.73
Total Revenue	64.09	36.14	33.16
PAT	3.26	1.02	0.48
Net Worth	8.43	4.15	3.13
Reserves & Surplus	4.70	1.26	2.89
Borrowings	7.13	6.01	4.39

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(67.03)	(78.56)	(83.74)
Net Cash Flow Investing Activities	(102.41)	(53.75)	(49.50)
Net Cash Flow Financing Activities	163.39	115.53	159.59

 

Revenue Bifurcation

Distribution-wise Revenue Bifurcation

(Amount in lac)

Product-wise Revenue Bifurcation

(Amount in lac)


(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital expenditure for the acquisition of equipment.

• financing the company's working capital needs.

• Issue-related costs in connection with the Issue.

• General corporate purposes.

 

Click to check the IPO application status.

Peers of Abram Food Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
HOAC Food India	10	6.69	27.89
Contil India	2	1.63	18.63
Jetmall Spices and Masala	10	-1.24	-9.60

 

 

Evaluation

The Abram Food Limited IPO price is Rs. 98 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 9.05 from the last year, the resulting P/E ratio is 10.83x.

Considering the weighted EPS of Rs. 5.74 for the last three years, the P/E ratio is 17.07x.

Explore Aakaar Medical Technologies IPO.

 

IPO's Strengths

• Manufacturing sites that are strategically located.

• Extensive and well-established sales and distribution network.

• Experienced and professional senior management.

• Stand relationship with the customers.

• Utilization of resources to the maximum potential.

 

IPO’s Weaknesses

• Rajasthan and Delhi-NCR are the primary sources of the company's income. Its revenue would be negatively impacted by any problem in these areas.

• Certain Promoter Group entities are involved in businesses similar to Abram Food Limited. In the absence of non-compete agreements, there could be potential for conflict of interest that may impair the company's business and distribution of opportunities.

• The organization has been cash flow negative in its operating and investing activities in prior years. Sustained negative cash flows may limit the company’s ability to satisfy its operational and capital requirements and may be detrimental to its financial condition. 

 

Abram Food IPO GMP

Abram Food IPO GMP is Rs. 0 as of 21 Jun 2025 while writing this information. Hence, its expected listing price is Rs. 98.

IPO Timetable (Tentative)

The Abram IPO date of opening is from Jun 24 to Jun 26, 2025, allotment on Jun 27, refund initiation on Jun 30, and listing on Jul 01, 2025.

Events	Date
IPO Opening Date	Jun 24, 2025
IPO Closing Date	Jun 26, 2025
IPO Allotment Date	Jun 27, 2025
Refund Initiation	Jun 30, 2025
IPO Listing Date	Jul 01, 2025

 

Abram Food IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 14,28,000 Shares (Rs. 13.99 Cr) with a market maker portion of 72,000 Shares (Rs. 0.71 Cr).

IPO Opening & Closing Date	24 Jun, 2025 to 26 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 98 per Share.
Lot Size	1200 Shares
Issue Size	14,28,000 Shares (Rs. 13.99 Cr)
Offer for Sale	-
Fresh Issue	14,28,000 Shares (Rs. 13.99 Cr)
Listing at	BSE, SME
Issue Type	Fixed Price Issue
Registrar	Kfin Technologies Limited

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs. 1,17,600 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs. 2,35,200.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Other’s Portion	5.04%
Retail’s Portion	47.48%
Non - Institutional’s Portion	47.48%

 

Promoters And Management of Abram Food Ltd.

• Mr. Brij Bhushan

• Ms. Mona Singhal

• Mr. Arpit Gupta.

Pre-Issue Promoter Shareholding	93.14%
Post-Issue Promoter Shareholding	67.33%

 

IPO Lead Managers

• Corporate Makers Capital Ltd.

 

 

Dividend Policy

The company has not paid a dividend in the last three financial years.

 

Conclusion

The company has a range of products and has a significant presence in Rajasthan and Delhi-NCR. Despite a healthy revenue growth and opening new properties across the world, they face risks including geographic concentration and negative operating cash flows. Keep track of the allotment of the Abram Food IPO and the listing date to make your investment decisions. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.