NFP Sampoorna Foods’ ₹24.53-crore IPO opened on 18 May with the issue already 20% subscribed on day one, according to livemint.com.
The Kochi-based dry-fruit processor is floating 4.6 million fresh equity shares at a price band of ₹52–₹55 apiece, translating to a post-issue market cap of roughly ₹100 crore. Retail and high-net-worth investors can bid for a minimum lot of 2,000 shares. The book, managed by Fedex Securities, will close on 20 May and the company expects to list on the NSE SME Emerge platform within two weeks of allotment.
The float is tiny compared with recent food-sector IPOs—Prataap Snacks raised ₹482 crore in 2017 and Mrs Bectors garnered ₹541 crore in 2020—but it is the first pure-play cashew processor to tap public markets in five years. India processes 65% of the world’s cashews, yet most processors remain family-owned and debt-funded. A successful listing could open the door for peers such as Vijayalakshmi Cashews and Kerala Nut Food to follow suit, especially as cashew exports hit a record $450 million in FY25.
Proceeds will fund a new 3,000-tonne-per-annum processing unit in Kollam and retire ₹6 crore of high-cost debt, the prospectus shows. Allotment is slated for 23 May and trading is expected to commence on 28 May. Investors will watch subscription numbers on day two and the grey-market premium, which was hovering at ₹8-₹10 on Monday morning, according to livemint.com.