DSM Fresh Foods IPO vs Ravelcare IPO

Comparison between DSM Fresh Foods IPO and Ravelcare IPO.

IPO Details

DSM Fresh Foods IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ravelcare IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of DSM Fresh Foods IPO is up to ₹55.75 Cr whereas the issue size of the Ravelcare IPO is up to ₹22.88 Cr. The final issue price of DSM Fresh Foods IPO is ₹100.00 per share and of Ravelcare IPO is ₹130.00 per share.

 DSM Fresh Foods IPORavelcare IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹123.00 per share
Issue Price (Upper)₹100.00 per share₹130.00 per share
Issue Price (Final)₹100.00 per share₹130.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size55,75,200 shares17,60,000 shares
Fresh Issue Size (Amount)up to ₹55.75 Crup to ₹22.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total55,75,200 shares17,60,000 shares
Issue Size Total (Amount)up to ₹55.75 Crup to ₹22.88 Cr

IPO Timetable

DSM Fresh Foods IPO opens on Sep 26, 2025, while Ravelcare IPO opens on Dec 01, 2025. The closing date of DSM Fresh Foods IPO and Ravelcare IPO is Oct 06, 2025, and Dec 03, 2025, respectively.

 DSM Fresh Foods IPORavelcare IPO
Anchor Bid DateSep 25, 2025Nov 28, 2025
Issue OpenSep 26, 2025Dec 01, 2025
Issue CloseOct 06, 2025Dec 03, 2025
Basis Of Allotment (Tentative)Oct 07, 2025Dec 04, 2025
Initiation of Refunds (Tentative)Oct 08, 2025Dec 05, 2025
Credit of Share (Tentative)Oct 08, 2025Dec 05, 2025
Listing date (Tentative)Oct 09, 2025Dec 08, 2025
Anchor Lockin End date 1Nov 11, 2025Jan 03, 2026
Anchor Lockin End date 2Jan 11, 2026Mar 04, 2026

Financials & KPIs

DSM Fresh Foods IPO P/E ratio is 18.28, as compared to Ravelcare IPO P/E ratio of 12.38.

 DSM Fresh Foods IPORavelcare IPO
Financials

Company Financials (Restated)

DSM Fresh Foods Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets84.0450.0022.01
Total Income131.4790.6856.61
Profit After Tax9.054.672.74
EBITDA17.059.583.41
NET Worth49.0938.0416.54
Reserves and Surplus32.7037.9516.46
Total Borrowing31.707.652.07
Amount in ₹ Crore

Company Financials (Restated)

Ravelcare Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets15.6811.638.031.74
Total Income14.4425.3022.283.49
Profit After Tax3.205.265.020.41
EBITDA4.336.826.640.51
NET Worth13.5510.355.100.07
Reserves and Surplus8.545.355.090.07
Total Borrowing0.040.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)38.2499.96
Promoter Shareholding (Post-Issue)28.1172.95
P/E Ratio18.2812.38
Market Cap₹225.10 Cr.₹89.17 Cr.
ROE20.78%68.04%
ROCE24.71%68.32%
Debt/Equity0.65
EPS₹5.53₹10.50
RoNW20.78%50.77%

Shares Offered

In the DSM Fresh Foods IPO Retail Individual Investors (RII) are offered 19,53,600 shares while in Ravelcare IPO retail investors are offered 19,53,600 shares. Qualified Institutional Buyers (QIB) are offered 11,16,000 shares in DSM Fresh Foods IPO and 3,51,000 shares in Ravelcare IPO.

 DSM Fresh Foods IPORavelcare IPO
Anchor Investor Reservation16,66,800 shares5,25,000 shares
Market Maker Reservation3,31,200 shares94,000 shares
QIB11,16,000 shares3,51,000 shares
NII8,38,800 shares2,64,000 shares
RII19,53,600 shares6,20,000 shares
Employee0 shares0 shares
Others
Total55,75,200 shares17,60,000 shares

Bids Received (Subscription)

DSM Fresh Foods IPO subscribed 1.36x in total, whereas Ravelcare IPO subscribed 437.60x.

 DSM Fresh Foods IPORavelcare IPO
QIB (times)1.53x155.91x
NII (times)2.06x752.16x
Big NII (times)2.71x879.74x
Small NII (times)0.74x505.50x
RII (times)0.96x463.13x
Employee (times)
Other (times)
Total (times)1.36x437.60x

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