Sampoorna Foods IPO Update: Day 1 Subscription Status, Key Details Revealed

NFP Sampoorna Foods IPO: All You Need to Know

The initial public offering (IPO) of NFP Sampoorna Foods, a leading processor and distributor of high-quality dry fruits, began on Monday, 18 May, and will conclude on Wednesday, 20 May. The IPO price band has been set at ₹52 to ₹55 per equity share, with a face value of ₹10 per share.

Investors can participate in the IPO by bidding for a minimum of 2,000 equity shares, with the option to acquire additional shares in increments of 2,000. NFP Sampoorna Foods specializes in the processing and distribution of high-quality dry fruits, primarily concentrating on cashew nuts. The company sources raw cashew materials mainly through imports from Africa and adheres to strict quality control measures throughout its operations.

NFP Sampoorna Foods has earned certifications like ISO 9001:2015 and ISO 22000:2018, underscoring its commitment to quality management and food safety. The company offers a diverse selection of dry fruit products for health-conscious consumers, including cashew nuts in grades W320 and W400, almonds in both natural and roasted forms, and makhana (fox nuts) in roasted, flavoured, and plain options.

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The company also provides customized gift packs, especially sought after during festive occasions and corporate gifting events. NFP Sampoorna Foods employs cutting-edge roasting and packaging techniques to preserve freshness and nutritional content, offering products in clean, resealable packages. The company sells its products through both traditional and digital channels, including Amazon, Flipkart, and its official website.

IPO GMP and Listing Price

The current grey market premium (GMP) for NFP Sampoorna Foods is +8. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of NFP Sampoorna Foods share price was indicated at ₹63 apiece, which is 14.55% higher than the IPO price of ₹55. Based on grey-market activity over the last six sessions, today's IPO GMP shows an upward trend and is expected to list strongly.

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IPO Details

The NSE SME offering seeks to raise approximately ₹24.53 crore by issuing 44.6 lakh new shares. For retail investors, the minimum application amount is 6,000 shares, totalling ₹3.3 lakh. The IPO consists solely of new shares, meaning the company will benefit from all proceeds from the public offering.

IPO Subscription Status

As of day 1, the NFP Sampoorna Foods IPO subscription status was 20%. The retail portion was subscribed at 36%, the NII portion was booked at 5%, and the Qualified Institutional Buyers (QIBs) portion is yet to receive bids. The company has received bids for 8,56,000 shares against 42,36,000 shares on offer at 12:59 IST, according to BSE data.