NFP Sampoorna Foods Lists at ₹54.50, Down 5.82%

NFP Sampoorna Foods Ltd, incorporated in 2019 as a processor and distributor of premium dry fruits particularly cashew nuts procured from Africa, offering cashews (W320, W400 grades), almonds (natural and roasted), makhana (fox nuts in roasted, flavoured, plain varieties), and festive gift packs with ISO 9001:2015 and ISO 22000:2018 certifications selling through offline channels and online platforms including Amazon, Flipkart, and own website, made a weak debut on NSE SME on Monday, May 25, 2026. The NFP Sampoorna Foods share price opened at ₹54.50 representing discount of 0.91% from issue price of ₹55.00, immediately hit lower circuit at ₹51.80 (down 5.82%).

NFP Sampoorna Foods Listing Details

NFP Sampoorna Foods launched its fresh issue IPO at ₹55 per share with minimum investment of 4,000 shares costing ₹2,20,000 raising ₹24.53 crore. The IPO received tepid response with weak subscription of just 1.57 times - retail investors at 2.80 times, NII severely undersubscribed at 0.34 times, QIB at just 1.00 times.

First-Day Trading Performance

Listing Price: NFP Sampoorna Foods stock price opened at ₹54.50 representing discount of 0.91% from issue price, immediately hit lower circuit at ₹51.80 (down 5.82%), with VWAP at ₹54.26. The weak listing resulted in losses for IPO investors with turnover of ₹0.81 crore, traded volume of 1.50 lakh shares, delivery of 100%, and market capitalisation of ₹65.44 crore against pre-IPO market cap of ₹69.49 crore.

Growth Drivers and Challenges

Growth Drivers:

Strong Revenue Recovery: Revenue growing from ₹6.00 crore in FY24 to ₹35.76 crore in FY25 (6x growth), 8M FY26 revenue of ₹36.96 crore already exceeding full FY25, PAT of ₹3.49 crore for 8M FY26 exceeding full FY25 PAT of ₹2.67 crore.

Quality Certifications: ISO 9001:2015 and ISO 22000:2018 certifications ensuring quality management and food safety, advanced roasting and packaging technologies for freshness and nutrition retention.

Challenges:

Severe NII Undersubscription: NII subscribed at only 0.34x (bNII at 0.11x) indicating lack of HNI confidence, only 1,558 applications reflecting minimal investor interest.

High Leverage: Debt-to-equity ratio of 1.59 with borrowings of ₹24.94 crore against net worth of ₹15.70 crore, bulk of IPO proceeds (₹9.50 crore) going towards debt repayment.

Utilisation of IPO Proceeds

Debt Repayment: ₹9.50 crore for prepayment/repayment of outstanding borrowings to deleverage balance sheet.

Working Capital: ₹7.25 crore for funding working capital requirements supporting inventory and operations.

General Corporate Purposes: Remaining amount.

Financial Performance

Revenue: ₹36.96 crore for 8 months ended November 2025 (already exceeding full FY25), ₹35.76 crore for FY25, recovery from ₹6.00 crore in FY24 and ₹16.75 crore in FY23.

Net Profit: ₹3.49 crore for 8 months FY26 (already exceeding full FY25), ₹2.67 crore in FY25, growth from ₹0.15 crore in FY24 and ₹0.41 crore in FY23, with post-IPO EPS of ₹4.14 and P/E of 13.28x. Investors tracking NFP Sampoorna Foods share price should note ROE of 28.21% and PAT margin improving to 9.46%.

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