Gurugram-based meat delivery startup Zappfresh, operating under DSM Fresh Foods Limited, has successfully raised ₹168.4 crore from anchor investors ahead of its highly anticipated Initial Public Offering (IPO). The IPO is set to open on September 26, 2025, and will close on September 30, 2025. Following the subscription, the shares are expected to be listed on the BSE SME platform on October 6, 2025. The strong backing from anchor investors signals significant institutional confidence in Zappfresh’s growth story and business model.
Understanding the Role of Anchor Investors
Anchor investors are large institutional buyers who commit to purchasing shares before the IPO opens to the general public. Their participation helps stabilize the stock price once trading begins and builds trust among smaller investors. In Zappfresh’s case, the company allocated 16.67 lakh shares to anchor investors, which brought in ₹16.83 crore from this segment alone. This early commitment not only reflects confidence in the company’s prospects but also sets a positive tone for the upcoming IPO, encouraging wider public participation when the subscription opens.
Key Details of Zappfresh’s IPO
The Zappfresh IPO has been priced in the band of ₹96 to ₹101 per share, aiming to raise a total of approximately ₹59.65 crore. The company is offering 59.06 lakh equity shares, including a reservation for market makers of 3.31 lakh shares, while the net issue stands at 55.75 lakh shares. By listing on the BSE SME platform, Zappfresh is targeting investors who are looking for growth-oriented small and medium-sized enterprises with strong fundamentals. The IPO will help the company strengthen its operations, expand its market reach, and enhance its brand presence across India.
How Zappfresh Plans to Use the Funds
The funds raised through the IPO are expected to support multiple strategic initiatives. A significant portion will be allocated for working capital to ensure smooth day-to-day operations and support the company’s expanding supply chain. Additionally, Zappfresh intends to invest in marketing and branding efforts to increase visibility and attract more customers. The company also plans to use the capital for potential acquisitions, which will allow it to expand its product portfolio and enter new markets. Infrastructure development is another key area, as Zappfresh aims to upgrade its facilities to handle growing demand and maintain high standards of quality and hygiene in meat processing and delivery.
About Zappfresh and Its Growth Journey
Founded in 2015, Zappfresh is a Gurugram-based company that specializes in the online delivery of fresh meat, including chicken, mutton, and seafood. Over the years, the startup has expanded its footprint and customer base through strategic acquisitions, including the purchase of Bonsaro, a Mumbai-based firm focused on online meat delivery. Zappfresh prides itself on providing hygienic, traceable, and high-quality meat products to consumers, catering to a growing demand for reliable and convenient food delivery solutions in India. The successful fundraising from anchor investors underscores the trust in Zappfresh’s business model and positions the company for further growth in the competitive meat delivery market.
With the IPO opening on September 26, 2025, Zappfresh is set to take a major step toward scaling its operations and making a deeper impact in India’s direct-to-consumer meat segment. The combination of strong investor backing and clear growth plans makes this IPO an exciting opportunity for both the company and potential investors.