In what turned out to be a strong market welcome, Zappfresh — the direct-to-consumer meat and fresh food startup — made its publicly traded debut today, with shares listing at a roughly 20 percent premium over the IPO issue price. The listing performance has been interpreted by analysts as a vote of confidence in the firm’s growth trajectory, its business model, and the broader appetite for food-tech names.
A Stellar Start
Zappfresh’s parent company, DSM Fresh Foods, had earlier launched its initial public offering on the BSE’s SME platform, offering 59.06 lakh equity shares at a price band of ₹96 to ₹101 per share. On listing day, the stock opened at around ₹121 to ₹122, translating into
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