Abram Food IPO Listing: Gram dal, flour, gram flour, multi-grain flour, maida, semolina, masala, cake and eating oil, Abram Food’s shares were entered today at a premium price on BSE SME. Its IPO received more than 28 times the overall. Shares have been issued at a price of ₹ 98 under IPO. Today, it has entered ₹ 90.40 on BSE SEME, that is, IPO investors did not get any listing gains but their capital list has decreased by 7.76%. After the listing, the share and broken and below it came to ₹ 86.01. However, the shares at the lower level are handled. Due to shopping at lower levels, it reached the upper circuit of ₹ 94.92 (Abram Food Share Price). However, IPO investors are still at 3.14% losses.
How to spend Abram Food IPO money
Abram Food’s ₹ 13.99 crore IPO was opened for subscription from June 24-26. This IPO received good response from investors and overall it was subscribed to 28.49 times. It was filled with 16.05 times reserved for retail investors. Under this IPO, 14.28 lakh new shares with face value of ₹ 10 have been issued. Out of the money collected through these shares, ₹ 3.85 crore machinery will be purchased, ₹ 6.70 crore working capital requirements, ₹ 2.05 crore common corporate objectives and ₹ 1.40 crore IPO related expenses will be spent.
About Abram Food
The 2009 Abram Food Chana, Chana, sells gram, flour, gram flour, multi-grain flour, maida, semolina, spices, cake and eating oil. Under the “Kherliwala” brand through distributors, its products are sold in Delhi NCR, Rajasthan and UP. Its manufacturing facility is in Alwar, Rajasthan. Talking about the financial health of the company, it has been strongly strengthened. It made a net profit of ₹ 48 lakh in FY 2023, which jumped in the next financial year 2024 to ₹ 1.02 crore and ₹ 3.26 crore in FY 2025. During this period, the company’s revenue increased from the compound rate (CAGR) of more than 39% annually to ₹ 64.09 crore and the operating profit increased from CAGR of more than 121% to ₹ 1.03 crore.
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