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News Details

( As on 08/10/2025 22:10)

DSM Fresh Foods announces launch of initial public offering

DSM Fresh Foods Ltd. has announced public offering of 5906400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 5,906.40 lakhs.

The company's initial public offer (IPO) will open on 26 September 2025 and is expected to close on 06 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 96.00-100.00 per share.

The IPO includes a fresh Issue of 5906400 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

DSM Fresh Foods Ltd. anticipates using the proceeds of the issue for

To meet out the Capital Expenditure requirements of the Company To meet out the Marketing Expenditure of the Company To meet out the Working Capital requirements of the Company To meet out the expenses of Unidentified acquisition and General Corporate Purposes.

Narnolia Financial Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.