DSM Fresh Foods, which runs India-based meat and seafood platform Zappfresh, closed its 59 crore rupees (US$7.1 million) IPO on September 30, 2025.

The IPO was subscribed 0.49 times, with qualified institutional buyers fully subscribing, while non-institutional and retail investors subscribed 0.33 times and 0.27 times, respectively.

The offer included up to 59 lakh (5.9 million) equity shares with a price band of 96 rupees (US$1.15)–101 rupees (US$1.21) per share, and a lot size of 1,200 shares.

The company plans to use funds for working capital, ad, capital expenditure, inorganic growth, and general purposes.

🔗 Source: YourStory