Abram Food Limited IPO

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Incorporation

Abram Food Limited, originally incorporated as Sharda Edible Products Private Limited in 2009, has evolved into a leading FMCG player specializing in staple food processing. After multiple name changes and corporate restructuring, the company became a public limited entity in July 2024. Headquartered in Alwar, Rajasthan, Abram Food operates under its flagship brand “Kherliwala”, which is well-recognized in northern India.

Business Activities

The company is engaged in the manufacturing and trading of Chana Dal, Besan, Wheat Flour (Atta), Multi-Grain Atta, Spices, Edible Oils (mustard, soybean, til), and Cattle Feed (Khal). It also processes by-products like Chana Churi and Chana Chilka to optimize resource utilization and improve margins. All products are marketed in both branded retail packs and bulk quantities (30–50 kg) across Rajasthan, Delhi-NCR, and Uttar Pradesh.

Manufacturing Capability

Abram Food operates from a modern facility located in Matsya Industrial Area, Alwar, spanning 3,000 sq. mtr. The plant is equipped with machinery for cleaning, drying, grinding, and packaging, ensuring product quality is maintained without artificial preservatives. Items like Besan, Spices, Atta, and Dal are manufactured in-house, while others like Sooji, Maida, and oils are processed and packaged under the company’s brand.

Distribution & Reach

The company has built a strong distribution network across Rajasthan and Delhi-NCR, supplying products through retailers and its own website. Its deep understanding of local taste preferences has helped build customer loyalty and expand product penetration.

Conclusion

With a focus on quality, backward integration, and efficient distribution, Abram Food Limited is poised for further growth. Its customer-centric approach, coupled with a robust manufacturing setup and consistent financial performance, positions it as a promising mid-sized player in India’s organized food processing sector.

Objects of the Abram Food Limited IPO:

Company intend to utilize the proceeds of the Issue to meet the following objects: 1. To meet out the Capital Expenditure in requirements for Purchase of Machineries (₹3.85 cr) 2. To meet the working capital requirements of the Company (₹6.70 cr) 3. To meet out the General corporate purposes (₹2.04 cr) 4. Issue related expenses

Abram Food Limited IPO Details:

Open Date: Jun 24 2025
Close Date: Jun 26 2025
Total Shares: 13,56,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 13.29 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 98 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Brij Bhushan, aged 67, Promoter & Managing Director, has nearly 49 years of experience in the FMCG industry. A B.Com graduate from Rajasthan University, he began his career at Sharda Oil Industries and later founded Sharda Udyog, a mustard oil manufacturing firm. He joined the Company as Additional Director in December 2023 and became Managing Director in February 2024. He currently oversees procurement and administration, bringing deep industry expertise and strategic leadership. 2. Mona Singhal, aged 39, Promoter & Director, is a B.Com graduate from the University of Delhi and a Chartered Accountant since 2008. She has over 8 years of experience in statutory compliance and auditing. Previously associated with Lodha & Co. and Arpit Gupta & Associates, she joined the Company in 2016 and currently leads compliance and governance functions. 3. Sanjay Kumar Jain, aged 53, Non-Executive Director, has over 30 years of experience in raw material procurement in FMCG. He began with Sharda Oil Industries and later worked at Sharda Udyog. Since 2016, he has served on the Company’s Board, supporting purchasing operations under the leadership of Mr. Bhushan.

Financials of Abram Food Limited IPO:

Particulars FY 2024-25 FY 2023-24  FY 2022-23
Revenue from Operations 64.04 36.01 33.16
EBITDA 5.07 1.95 1.02
EBITDA Margins 7.92% 5.43% 3.10%
PAT 3.25 1.01 0.48
PAT Margins 5.08% 2.83% 1.46%
ROCE 56.02% 45.73% 29.09%
Operating Cash Flows -0.67 -0.78 -0.83

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Abram Food  (FY 2024) 64.04 Cr. 7.92% 5.08% 0.85 50.51 Cr. 15.54
HOAC Food India (FY 2025) 26.48 Cr. 15.52% 9.44% 0.39 83.40 Cr. 33.40
Contil India (FY 2025) 32.57 8.23% 7.76% 0.00 41.90 Cr. 16.60
Jetmall Spices and Masala (FY 2025) 0.74 -105.41% -100% 0.00 7.80 Cr. In loss

Lead Manager of Abram Food Limited IPO:

  1. Corporate Makers Capital Limited

Registrar of Abram Food Limited IPO:

  1. Kfin Technology Private Limited

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