The initial public offer (IPO) of Abram Food received bids for 3,87,64,800 shares as against 14,28,000 shares on offer. The issue was subscribed 27.14 times.
Qualified Institutional Buyers (QIBs) bid for 40,81,200 shares, Non-Institutional Investors (NIIs) for 2,37,39,600 shares, while Retail Individual Investors (RIIs) placed bids for 1,09,44,000 shares.
The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price of the IPO was set at Rs 98 per share. The equity shares will list on BSE's SME platform.
The IPO comprised fresh issue of 14,28,000 equity shares. The promoter and promoter group shareholding diluted to 67.33% from 93.14% pre-issue.
The company intends to utilize the net proceeds for capital expenditure for purchase of machineries, funding of working capital requirements of the company, issue related expenses in relation to issue and general corporate purposes.
Abram Food is engaged in the business of manufacturing, marketing, and selling chana, chana dal, besan, edible oil, spices, and flour (atta) under its own brand, "KHERLIWALA." It manufactures, trades, and sells these products to its network of distributors. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic taste of Rajasthan, delighting consumers with every bite. As of 31 March 2025, the company had a total of 18 employees.
The company recorded revenue from operations of Rs 64.04 crore and net profit of Rs 3.26 crore for the period ended 31 March 2025.