Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
New Delhi [India], June 21:New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The [...]
New Delhi [India], June 21:New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24th 2025 and closes on Thursday, June 26th 2025. Corporate Makers Capital Ltd is the Lead Manager to the Issue.
The initial public offering of Rs. 13.99 crore is entirely a fresh issue of 14.28 lakh equity shares for a face value of Rs. 10 each with issue price fixed at Rs. 98 per equity share. Out of the fresh issue of Rs. 13.99 crore, company plans to utilize Rs. 3.85 crore towards capital expenditure for purchase of machineries, Rs. 6.70 crore towards funding of working capital requirement of the company, and rest for general corporate purpose. The minimum lot size for an application is 1,200. Retail investors are required to invest minimum amount of Rs. 1,17,600 whereas HNIs have to park Rs. 2,35,200 for minimum lot size of 2 lots (2,400 shares). Out of total 14,28,000 shares offered, 47.48% are reserved for the retail quota and 47.48% for HNI quota.