Zappfresh IPO lists at 20% premium; shares hit upper circuit

DSM Fresh Foods, the parent company of online meat delivery platform Zappfresh, made a strong debut on the BSE SME today, listing at Rs 120 per share, a 20% premium over its issue price of Rs 100.

Zappfresh’s IPO was open for subscription from September 26 to October 6, 2025, with a price band of Rs 95–100 and a minimum investment of Rs 1.2 lakh. The company extended the closing date from September 30 due to low demand, as the issue was only 52% subscribed by then.

In the end the Zappfresh’s IPO was oversubscribed 1.36 times, with the retail…