Zappfresh’s IPO will only consist of a fresh issue of 59.06 Lakh equity shares with a face value of INR 10, with no offer for sale component
Founded by Deepanshu Manchanda and Shruti Gochhwal in 2015, Zappfresh delivers meat in Delhi NCR region through its website and app
Zappfresh plans to use the proceeds from the IPO for funding unidentified acquisitions, meeting marketing and capital expenditure requirements, working capital requirements, among others
Amid the initial public offering (IPO) boom in the Indian equities market, D2C meat delivery startup Zappfresh’s parent, DSM Fresh Foods Ltd, has filed its draft red herring prospectus (DRHP) for listing on the SME platform of BSE, BSE SME.
The startup’s IPO will only consist of a fresh issue of 59.06 Lakh equity shares with a face value of INR 10, with no offer for sale component.
Zappfresh plans to use the proceeds from the IPO for funding unidentified acquisitions. Besides, it would also use the capital for meeting marketing and capital expenditure requirements, working capital requirements, and general corporate purposes.
Founded by Deepanshu Manchanda and Shruti Gochhwal in 2015, Zappfresh delivers meat in Delhi NCR region through its website and app. It claims to procure fresh meat from farms and promises delivery under 90 minutes.
It counts SIDBI VC, Dabur Family Office, LetsVenture and Keiretsu Forum, among others, as its investors.
In May this year, Zappfresh converted into a public entity, doing away with the “private” label from its name on record “DSM Fresh Foods Private Limited” ahead of its Dalal Street debut.
(The story will be updated soon.)
