Currently, IPO boom is running in the stock market. Recently, many companies have been launched in IPO markets, which have received good response from investors. The latest example of this is urban company. Which not only received tremendous response in the primary market but also listed in the stock market with a premium of about 57 percent in the secondary market. Now another company is planning to debut in the stock market. The IPO of the company company selling online mutton chicken fish is going to be launched soon. Let us also tell you which company is this company and how big the size of the company’s IPO is.
Company’s IPO will come on 30 September
On the online meat i.e. Chicken, Mutton, Fish etc., the Japfresh Brand named Zapfresh Brand is preparing to bring its IPO on Friday, 26 September next week. This issue will be open for bid till Tuesday, September 30. The price of SME IPO is between Rs 96 to Rs 101 per share, due to which the target is to raise 59.65 crore at the level of your limit. This will be a completely fresh issue. The company is preparing to sell 0.59 crore equity shares. OFS does not have a stake in this. Which means that the amount received from the IPO will go to the company.
Will have to invest in so many shares
Investors can apply for DSM fresh food IPOs in a lot of 1,200 shares, while retail investors will have to apply for at least two lots, and then apply in multiple shares of 1,200 shares. The amount raised from the company IPO will be used in the expansion schemes of the company. In which 25 crores will be spent in working capital requirements, Rs 15 crore in marketing, Rs 11 crore in capex and acquisitions and Rs 3 crore in other works. Narnolia Financial Services has an IPO’s book-hanging lead manager (BRLM).
The company works like this
DSM fresh food, standing in 2015, operates under the name Zapafresh Brand. The company is one of the leading Omnichanel Retailers (online B2C and offline B2B) of Fresh Meet and Ready-to-Cook/Eat Products. The company is headquartered in Gurugram. Its website and mobile application provides convenient Ready-to-Kuk and Ready-to-Eat options, including Zapafresh, Mutton, Poultry and Premium Cuts of C Food. According to a research report, India’s meat, poultry and sector sector is undergoing a structural change, which will be US $ 55.3 billion in 2024 and is estimated to be almost doubled by 2033.