Overview of Abram Food Limited IPO Abram Food Limited, a Rajasthan-based FMCG player known for promoting health and tradition, concluded its SME IPO on June 26, 2025. The issue was a Fixed Price IPO of ₹13.29 Crores, comprising a Fresh Issue of 14.28 lakh equity shares priced at ₹98 per share.

The company, with a strong focus on health and tradition, operates under the tagline "Eat Healthy, Live Healthy". It prides itself on delivering products that reflect the authentic Taste of Rajasthan by using stone-grinding technology, which preserves both natural flavours and nutritional value.

IPO Details and Subscription Highlights The IPO, open from June 24 to June 26, 2025, received robust demand, closing with a 27.15 times subscription.

• Retail lot size was set at 1,200 shares, requiring a minimum investment of ₹1,17,600.

• HNIs needed a minimum of 2 lots (2,400 shares), amounting to ₹2,35,200.

Corporate Makers Capital Limited acted as the Lead Manager, KFIN Technologies as the Registrar, and Giriraj Stock Broking Pvt Ltd as the Market Maker.

GMP and Allotment Information Despite strong demand, the Grey Market Premium (GMP) remained at ₹0, indicating no speculative listing gains. However, the fundamentals and strong retail interest suggest investor confidence in long-term potential.

The IPO allotment is expected on June 27, 2025, and shares are likely to be listed on the BSE SME platform by July 01, 2025.

Steps to Check Abram Food IPO Allotment Status

1. Visit the IPO allotment status page on the KFIN Technologies website

2. Select Abram Food Limited IPO from the dropdown

3. Enter PAN, DP Client ID, or Application Number

4. Submit to view your allotment status

Financial Performance Snapshot Abram Food Ltd has shown consistent growth in top and bottom lines:

• Revenue from Operations:

  • FY25: ₹6,409.19 Lakh

  • FY24: ₹3,614.37 Lakh

  • FY23: ₹3,316.42 Lakh

• EBITDA:

  • FY25: ₹511.87 Lakh

  • FY24: ₹209.08 Lakh

  • FY23: ₹102.67 Lakh

• PAT:

  • FY25: ₹325.55 Lakh

  • FY24: ₹101.89 Lakh

  • FY23: ₹48.28 Lakh

Valuation Metrics and Ratios

• Pre-issue EPS: ₹9.05

• Post-issue EPS: ₹6.32

• Pre-issue P/E: 10.82x

• Post-issue P/E: 15.52x

• ROCE FY24: 56.02%

• ROE FY24: 38.62%

• RoNW FY24: 38.62%

These healthy financial ratios indicate that while the IPO is fairly valued, the GMP does not reflect any speculative gains, making this more suitable for long-term investors rather than short-term listing gain seekers.

Conclusion: Investor Outlook While the IPO attracted strong demand from retail and HNI investors, and the company has showcased robust growth in revenue and profitability, the absence of GMP raises caution for those eyeing listing gains.

However, for long-term investors looking to back a traditional FMCG player rooted in Indian heritage and health-conscious values, Abram Food Limited offers promising growth potential, particularly in the regional health food and FMCG space.

Recommendation: Investors are advised to Avoid for listing gains, but consider for long-term growth based on the company's expanding revenue, traditional branding, and improved profit trajectory.

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