Abram Food BSE SME

Abram Food SME: Check IPO Date, Live Subscription and Key Details

Abram Food Limited is engaged in the business of manufacturing and trading of food products and edible oils. Their product portfolio includes Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and various edible oils. The company markets and sells its products under the brand name 'Kherliwala' and 'Rajasthan Royal' primarily in Rajasthan, Delhi/NCR, and Uttar Pradesh, through a network of distributors. They procure raw materials from suppliers in Alwar Mandi, Khairthal, Bahrod Jaipur, and Delhi.

Min Investment
₹117600
Price Range
₹98.00
Issue Size
₹13.29 Cr
IPO Type
BSE SME

Key Metrics

Check Live GMP

Face Value
₹10
EPS
9.05
P/E Ratio
10.83
RoNW
38.62%
ROE
%
Debt to Equity
0.85

Timeline

IPO Opens

24 Jun

IPO Closes

26 Jun

Allotment

27 Jun

Listing

1 Jul

IPO Objectives

  • Capital Expenditure for purchase of machineries.
  • Funding of Working Capital Requirement of the company.
  • General corporate purposes.
  • Issue related expenses in relation to Issue.

Strengths

  • Strategically located manufacturing facilities in Alwar, Rajasthan, a key agricultural hub, facilitating efficient raw material procurement and distribution.
  • Extensive and well-established sales and distribution network across Rajasthan, Delhi/NCR, and Uttar Pradesh through distributors, ensuring wide market reach for their 'Kherliwala' and 'Rajasthan Royal' brands.
  • Experienced and professional senior management team, including a promoter with over 40 years of experience in the FMCG sector.
  • Diversified product portfolio, including pulses, flours, spices, edible oils, and cattle feed, catering to a wide range of consumer needs and reducing reliance on a single product category.
  • Focus on quality and traditional processing techniques, ensuring products are free from artificial preservatives and chemicals, which resonates with health-conscious consumers.

Weaknesses

  • High geographical concentration of revenue, primarily from Rajasthan and Delhi-NCR, making the business vulnerable to regional economic downturns, changes in demand patterns, or adverse policy developments in these areas.
  • Operating in a highly competitive and fragmented segment within the food processing industry, which could lead to pricing pressures and challenges in maintaining market share.
  • Reliance on a limited number of suppliers for raw materials, particularly pulses and oilseeds, without long-term contracts, exposing the company to supply chain disruptions and price volatility.
  • Certain outstanding litigation against the Company, Promoters, and Directors, the adverse outcome of which could negatively impact the company's reputation, business, and financial performance.
  • The company has experienced negative cash flows from operating and investing activities in prior years, which may affect its ability to meet operational and capital requirements and could impact its financial stability.

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)17.0910.627.73
Revenue (₹ Cr.)64.0936.1433.16
PAT (₹ Cr.)3.261.020.48
Net Worth (₹ Cr.)8.434.153.13

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
HOAC Food India7.2332.9121.953.35
Contil India3.7116.9921.919.56

Subscription Details

Daily Bids Status

DateDay 1Day 2
NII3.39x3.31x
RII1.42x1.71x
Total2.41x2.51x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
NII6,78,00022,46,40022.01
RII6,78,00011,60,40011.37
Total13,56,00134,09,20033.41

Company Details

  • 605, Pearl Business Park, Nr. Fun Cinema, Netaji Subhash Place, Pitampura, New Delhi, New Delhi-110034, India
  • +91-9983433244
  • compliance@abramfood.in
  • http://www.abramfood.in/

Registrar Details