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United News of India
23-06-2025
- Business
- United News of India
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 company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24 th 2025 and closes on Thursday, June 26 th 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. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name 'Kherliwala' through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Fresh public issue of Rs. 13.99 crore opens for subscription from June 24 th 2025 to June 26 th Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic 'Taste of Rajasthan' delighting consumers with every bite. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Opens on – June 24, 2025 IPO Closes on – June 26, 2025 Issue Price (Fixed) – Rs. 98 Per Share Issue Size – 14.28 lakh shares – Rs. 13.99 crore Lot Size – 1,200 Shares Listing on – BSE SME Platform If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
Business Standard
23-06-2025
- Automotive
- Business Standard
EV Company, Supertech EV Plans To Raise Up To Rs. 29.90 Crore From Public Issue, IPO Opens On June 25, 2025
PNN Faridabad (Haryana) [India], June 23: Supertech EV Limited- One of the pioneering forces in the Indian electric vehicle (EV) market with a focus on Electric two wheelers (E2W) and Electric three wheelers (E3W) is planning to raise up to Rs. 29.90 crore from its SME public issue. The company has received approval to launch its public issue on the BSE SME Platform. The public issue will open for subscription on June 25, 2025 and will close on June 27, 2025. Corporate Makers Capital Ltd is the book-running lead manager of the issue. The initial public offering of Rs. 29.90 crore is entirely a fresh issue of 32,49,600 equity shares for a face value of Rs. 10 each. Price band for the issue is Rs. 87 - Rs. 92 per share. Out o the issue proceeds, company plans to use Rs. 16.50 crore towards funding of working capital requirements, Rs. 3 crore for repayment of portion of certain borrowings and remaining for general corporate purposes and issue related expenses. Minimum lot size for the application is 1,200 shares, which translates into a minimum investment of Rs. 1,10,400 at an upper price band of Rs. 92 per share. The retail quota for the issue is 47.51%, NII is 47.47%, QIB is 5.02%, and Market Maker is 5.02%. Highlights: * IPO opens for subscription on June 25, 2025 and closes on June 27, 2027; Minimum lot size for application is 1,200 shares; Minimum investment required at a higher price band of Rs. 92 per share is Rs. 1,10,400 * Funds raised through the issue will be used to meet working capital requirements, Repayment of a portion of certain borrowings of the company and general corporate purposes * Company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws. * For FY24-25 company reported revenue of Rs. 75.19 crore and net profit of Rs. 6.19 crore * Healthy Returns Ratio as on 31 March 2025 - ROE/ RONW at 36.66%, ROCE at 47.95% * Corporate Makers Capital Ltd is the book-running lead manager of the issue Incorporated in 2022, Supertech EV Ltd is one of the pioneers in the Indian electric vehicle (EV) market. The company offers a wide range of electric two-wheelers, three-wheelers, garbage disposal vans and loaders catering to the diverse needs of the Indian consumer. The company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws. The company has built a distribution network of 445 distributors and has a presence across 19 states in India, including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, among others. Company has recently launched products including - Cargo Max, Passenger Max and Zapster Pro in the market in FY 25-26. India is experiencing a remarkable surge in the sales of electric vehicles, signalling a transformative shift towards sustainable mobility, led by rising subsidies and new launches. In FY 2024, the share of electric two-wheelers was 5 per cent, which is likely to see a significant increase in the years to come. The company plans to capitalise on the burgeoning opportunities in the electrification of mobility, aligning our efforts with India's vision for a greener future. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 17.23% to Rs. 75.19 crore against Rs. 65.14 crore in FY 2024. The company's net profit rose 23.3% to Rs. 6.19 crore in FY 2025, compared to Rs. 5.02 crore in FY 2024, with a healthy EBITDA of Rs. 9.48 crore in FY 2025. The net worth and Asset base of the company as of March 2025 stand at Rs. 16.89 crore and Rs. 44.18 crore. The company has maintained a healthy return ratio, which as of 31 March 2025, stands as follows: Return on Equity and Return on Net Worth stand at 36.66% and Return on Capital Employed at 47.95%. IPO Highlights - Supertech EV Ltd * IPO Opens on: June 25, 2025 * IPO Closes on: June 27, 2025 * Issue Price Band: Rs. 87 - 92 per share * Issue Size: 32.49 lakh shares - up to Rs. 29.90 crore * Lot Size: 1,200 shares * Listing on: BSE SME Platform (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
21-06-2025
- Business
- Business Standard
Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
PNN 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 the 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. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name "Kherliwala" through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Highlights: -Fresh public issue of Rs. 13.99 crore opens for subscription from June 24th 2025 to June 26th 2025. -Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. -Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. -For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. -As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. -The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. -Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic "Taste of Rajasthan" delighting consumers with every bite. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Highlights- Abram Food Ltd IPO Opens on - June 24, 2025 IPO Closes on - June 26, 2025 Issue Price (Fixed) - Rs. 98 Per Share Issue Size - 14.28 lakh shares - Rs. 13.99 crore Lot Size - 1,200 Shares Listing on - BSE SME Platform (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
