Shares of DSM Fresh Foods, the parent company of the direct-to-consumer (D2C) meat delivery startup Zappfresh, have surged 5% to ₹132.30 on October 10, 2025, marking the second consecutive day the stock hit the upper circuit limit on the BSE SME platform.
Strong Market Debut
The company's initial public offering (IPO) closed on October 6, 2025, with a 1.36x oversubscription, receiving bids for 53.12 lakh shares against 39.08 lakh shares on offer. The IPO raised ₹59.04 crore entirely through a fresh issue of shares at a price band of ₹95–100 apiece.
On October 9, 2025, DSM Fresh Foods' shares listed at ₹120 apiece, a 20% premium over the issue price, defying grey market forecasts that had
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