NFP Sampoorna Foods is set to make its stock market debut on Monday, with grey market signals indicating a muted listing ahead for the NSE SME issue. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, indicating no premium over the issue price in the unofficial market ahead of listing.
The IPO was priced at Rs 55 per share. NFP Sampoorna Foods raised around Rs 24.53 crore through a completely fresh issue of 44.6 lakh shares. The IPO was open for subscription between May 18 and May 20, while the allotment was finalised on May 21.
Incorporated in 2019, NFP Sampoorna Foods operates in the processing and distribution of dry fruits, with a key focus on cashew nuts. The company imports raw cashew material primarily from African countries and processes it for domestic distribution.
Its product portfolio includes cashew nuts, almonds, makhana and gift packs targeted at health-conscious consumers and festive demand segments. The company said it follows quality control processes and holds ISO 9001:2015 and ISO 22000:2018 certifications related to quality management and food safety.
The IPO proceeds are proposed to be used for working capital requirements and general corporate purposes. The flat GMP suggests grey market participants currently expect limited listing gains from the stock despite continued activity in the SME IPO segment.
Grey market premiums are unofficial indicators of investor sentiment and do not guarantee actual listing performance.
