Abram Food IPO - Day 3 Subscription at 28.49 Times

Abram Food's initial public offering (IPO) has demonstrated exceptional investor demand through its third day of subscription, with Abram Food's stock price set at ₹98 per share and Abram Food's share price reflecting strong market reception. The ₹13.99 crore IPO has witnessed remarkable progress, with subscription rates opening at 2.41 times on day one, improving to 3.35 times on day two, and surging to 28.49 times by 5:04:50 PM on day three, indicating very strong investor interest in this food manufacturing company incorporated in 2009, engaged in manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi-grain atta, Maida, Sooji, Spices, Cattle Feed (khali), and edible oils, marketing and selling its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name "Kherliwala" through a network of distributors operating from a manufacturing facility at Matsya Industrial Area, Alwar, Rajasthan covering 3,000 sq. meters.

Abram Food IPO non-institutional investors segment leads with outstanding 40.92 times subscription, while retail investors demonstrate strong participation at 16.05 times, reflecting very positive investor confidence in this company with diversified food products portfolio including Rajasthan Royal Besan, Chakki Fresh Atta, Maida, Suji, Multi Grain Atta, various oils and spices, processing products like chana dal, flour, spices, besan, and cattle feed without artificial preservatives or chemicals, ensuring quality and freshness through efficient cleaning, drying, grinding, and packaging serving northern region markets through established distribution network and strategic manufacturing location.

Abram Food IPO subscription reached an exceptional 28.49 times on day three, led by NII (40.92x) and Retail (16.05x). No QIB allocation in this fixed-price IPO. Total applications reached 13,030.
 

Subscription Status of Abram Food IPO:

Here are the subscription details for Abram Food IPO as of Day 3 (June 26, 2025, 5:04:50 PM):

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 28.49 times, massive surge from day two's 3.35 times
• NII segment leading with outstanding demand at 40.92 times, dramatic increase from day two's 3.55 times
• Retail segment demonstrating strong participation at 16.05 times, significant jump from day two's 3.15 times
• Fixed-price IPO structure with no QIB allocation, focusing on retail and high-net-worth investors
• Final day witnessed extraordinary high-net-worth and retail investor participation
• Total applications reached 13,030, indicating strong investor participation for this SME food sector IPO
• The cumulative bid amount reached ₹378.58 crores against the issue size of ₹13.99 crores

Abram Food IPO - Day 2 Subscription at 3.35 Times

Key Highlights - Day 2:

• Overall subscription improving to 3.35 times from day one's 2.41 times
• NII segment showing steady interest at 3.55 times, slight increase from day one's 3.39 times
• Retail segment demonstrating building momentum at 3.15 times, significant increase from day one's 1.42 times
• Day two demonstrated steady building across both categories ahead of the exceptional final day performance

Abram Food IPO - Day 1 Subscription at 2.41 Times

Key Highlights - Day 1:

• Overall subscription opening positively at 2.41 times, showing good initial investor interest
• NII segment leading early participation at 3.39 times, indicating positive high-net-worth sentiment
• Retail segment showing moderate early interest at 1.42 times, reflecting cautious but positive individual investor confidence
• Opening day demonstrated strong initial engagement with high-net-worth investors leading
   

About Abram Food Limited

Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi-grain atta, Maida, Sooji, Spices, Cattle Feed (khali), and edible oils. The company markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name "Kherliwala" through a network of distributors.

Financial performance shows exceptional growth with revenue increasing 77% from ₹36.14 crores in FY2024 to ₹64.09 crores in FY2025, while profit after tax surged 220% from ₹1.02 crores to ₹3.26 crores during the same period. The company maintains strong profitability metrics with 38.62% ROE, 5.08% PAT margin, 7.92% EBITDA margin, operates with a moderate debt-to-equity ratio of 0.85, and has a market capitalisation of ₹50.51 crores. Post-IPO P/E ratio of 15.52x appears reasonable for a food manufacturing company, though sustainability concerns exist regarding the dramatic recent growth in a competitive segment.