Introduction: Tapping into the Dry Fruits Sector
The SME segment continues to be a vibrant avenue for investors seeking early-stage growth opportunities. Amongst the upcoming listings, NFP Sampoorna Foods Ltd. is poised to enter the public domain with its Initial Public Offering (IPO). Specializing in the processing and distribution of premium dry fruits, especially cashew nuts, this company presents an interesting proposition for those tracking the fast-moving consumer goods (FMCG) segment focused on healthy eating. This detailed analysis aims to equip you with all necessary data points, from the financials to the application process, ensuring an informed investment decision.
NFP Sampoorna Foods: Business Snapshot and Strengths
Established in 2019, NFP Sampoorna Foods Ltd. has carved a niche in sourcing, processing, and distributing high-quality dry fruits. They primarily procure raw cashews via imports from Africa, adhering to stringent quality benchmarks.
Core Business Offerings:
- Cashew Nuts: Available in various specifications like W320 and W400 grades.
- Almonds: Sourced from top growers, offered both natural and roasted.
- Makhana (Fox Nuts): Catered in plain, roasted, and flavored variants.
- Gifting Solutions: Specialized gift packs popular for festive and corporate needs.
Competitive Edge:
- Strong foundation provided by experienced promoters and management.
- Established relationships with clients across retail and institutional segments.
- Commitment to quality, backed by ISO 9001:2015 and ISO 22000:2018 certifications.
- Demonstrated consistent growth, profitability, and healthy cash flow generation.
Key IPO Structuring Details
This is a Book Building IPO on the NSE SME platform, aiming to raise capital primarily for working capital needs and debt reduction.
| Detail | Specification |
|---|---|
| Issue Type | Fresh Issue (Bookbuilding) |
| Total Issue Size (Value) | ₹24.53 Crores |
| Total Shares Offered | 44,60,000 Equity Shares |
| Listing Exchange | NSE SME |
Pricing, Lot Size, and Investment Structure
Understanding the price band and minimum application size is crucial for retail participation.
Price Band and Lot Details:
| Component | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Minimum Lot Size | 2,000 Shares |
| Minimum Retail Investment (Upper Price) | ₹2,20,000 (2 Lots) |
Investment Application Sizing:
| Investor Category | Minimum Lots | Shares Applied | Approx. Investment (Upper Price) |
|---|---|---|---|
| Retail Individual Investor (RII) | 2 | 4,000 | ₹2,20,000 |
| Small NII (S-HNI) | 3 | 6,000 | ₹3,30,000 |
IPO Timeline: Critical Dates at a Glance
Mark your calendars for the key dates concerning the bidding, allotment, and listing of the shares.
IPO Allocation Breakdown:
| Investor Category | Shares Reserved | Percentage (%) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 21,16,000 | 47.44% |
| Non-Institutional Investors (NII) | 6,36,000 | 14.26% |
| Retail Individual Investors (RII) | 14,84,000 | 33.27% |
| Market Maker Reserved | 2,24,000 | 5.02% |
Financial Health and Valuation Metrics
Examining the restated consolidated financials provides essential context on the company's trajectory leading up to the listing.
Historical Financial Performance (Amounts in ₹ Crore):
| Metric | 30 Nov 2025 (Est.) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Income | 36.96 | 35.76 | 23.31 | 16.75 |
| Profit After Tax (PAT) | 3.49 | 2.67 | 1.02 | 0.41 |
| Total Borrowing | 24.94 | 11.36 | 18.90 | N/A |
Key Performance Ratios (KPIs):
| KPI | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Return on Equity (ROE) | 28.21% | 34.82% |
| PAT Margin | 9.46% | 7.50% |
| Debt/Equity Ratio | 1.59 | 1.26 |
Valuation Context and Promoter Stake
The post-listing market capitalization is estimated at approximately ₹69.49 Crore. The Earnings Per Share (EPS) post-issue is calculated at ₹4.14, yielding a Price-to-Earnings (P/E) ratio of about 13.28x based on the latest annualized earnings.
Pre and Post-Issue Shareholding:
| Holding Aspect | Percentage (%) |
|---|---|
| Promoter Holding (Pre-Issue) | 99.99% |
| Promoter Holding (Post-Issue) | (Reduced due to fresh issue) |
The company is currently promoted by Praveen Goel, Anju Goel, and Yash Vardhan Goel.
Utilizing the Proceeds: Objectives of the Issue
The funds raised are earmarked for specific operational and financial enhancements, signaling management's focus areas:
| Objective | Estimated Amount (₹ Crore) |
|---|---|
| Working Capital Funding | 7.25 |
| Repayment/Prepayment of Borrowings | 9.50 |
| General Corporate Purposes | (Balance) |
SWOT Perspective on NFP Sampoorna Foods
A balanced look at the company's internal capabilities and external environment is essential for risk assessment.
Strengths
- Strong focus on high-demand premium dry fruits.
- Certifications ensure adherence to food safety standards.
- Proven ability to generate profit and cash flow growth recently.
Opportunities
- Growing consumer preference for healthy, packaged dry fruits.
- Expansion into wider distribution networks (online/offline).
- Potential scale-up in procurement efficiency via improved working capital.
Weaknesses
- Significant reliance on imported raw materials (currency risk).
- High current borrowing levels relative to equity base.
Threats
- Volatility in global commodity prices and supply chain disruptions.
- Intense competition from established FMCG players.
Intermediaries Managing the Listing
The smooth execution of the IPO relies on specialized financial partners:
Lead Manager and Registrar:
| Role | Name |
|---|---|
| Book Running Lead Manager (BRLM) | 3Dimension Capital Services Ltd. |
| Registrar and Share Transfer Agent | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. |
For allotment status checks after the finalization date, investors should reach out to the Registrar using their contact details (phone/email provided in the data source, generalized here as official contact channels).
How to Participate: Application Methods
The application process for SME IPOs like this one is primarily conducted digitally via UPI or ASBA.
Applying via Broker Platforms:
Most retail investors utilize their existing brokerage accounts (like Zerodha, Upstox, etc.) to place bids. The standard procedure involves logging into the broker's online portal or mobile application, selecting the NFP Sampoorna Foods IPO, specifying the lot size, and approving the mandate request received in the linked UPI application.
- Payment Gateway: UPI mandate approval is essential for the application to be accepted.
- ASBA Route: Alternatively, applications can be placed through the Net Banking facility linked to an ASBA-enabled bank account.
Concluding Thoughts on the NFP Sampoorna Foods IPO
NFP Sampoorna Foods presents a profile of rapid growth in a niche but expanding sector. The company shows commendable revenue and profit trajectory in recent periods. However, the current valuation based on recent financials requires careful consideration, as does the existing debt structure. Potential investors should weigh the appeal of investing in a specialized food processor against the risks associated with SME segment volatility and the relatively high leverage. Diligent study of the Red Herring Prospectus (RHP) and tracking subscription levels leading up to the closing date will provide the final sentiment check before committing funds.