NFP Sampoorna Foods Coming with IPO to Collect ₹24.53 Crore

NFP Sampoorna Foods is launching its maiden IPO of 44,60,000 shares at a price band of ₹52–55 per equity share. The IPO opens on January 27, 2026, and closes on January 30, 2026. Shares will be listed on the NSE SME Platform.

• Face Value: ₹10 per share
• Price Multiple: 5.2x (lower band), 5.5x (upper band)
• Book Running Lead Manager: 3Dimension Capital Services
• Compliance Officer: Babli
  

Company Profile

• NFP Sampoorna Foods is a food processing and trading company, specializing in dry fruits like cashew nuts, makhana (fox nuts), almonds, and walnuts.
• Products are distributed through B2B, B2C, and institutional channels in domestic and regional markets.
• Cashews are sourced directly from farms in Africa and domestic importers, processed in-house for high-quality cashew kernels.
• Makhana is procured from farmers in Bihar; almonds from Delhi NCR; walnuts from wholesalers in Delhi.
• The company has expanded its portfolio recently:
  • Makhana launched in August 2024
  • Almonds in March 2025
  • Walnuts in September 2025
• The company focuses on quality, traceability, and meeting year-round demand.
  

IPO Use of Proceeds

• Meet working capital requirements
• Prepay or repay a portion of outstanding borrowings
• Support general corporate purposes

Industry Overview

• India is the 5th largest economy and expected to be the fastest-growing G20 economy, with GDP growth around 8% in FY24.
• The food processing sector has grown at an average of 7.3% annually (2015–2022) and significantly contributes to GDP, employment, and investment.
• Growing urbanization and changing consumption patterns are expected to push food consumption to $1.2 trillion by 2025–26.
• Market size of processed food is expected to double to ₹60,40,300 crore ($700 billion) by 2030 from ₹26,49,103 crore ($307 billion) in 2023.
• Government initiatives like Make in India and MoFPI programs support infrastructure and supply chain improvements in the food processing sector.
  

Pros and Strengths

• Direct Procurement Network: Sources cashews from Africa, makhana from Bihar, and almonds/walnuts from Delhi NCR — ensures quality, fair pricing, and traceability.
• Consistent Year-Round Demand: Dry fruits have a long shelf life, making them less seasonal and allowing stable production and sales.
• Established Client Relationships: Strong focus on quality, timely delivery, and client support has led to repeat business and trust.
  

Risks and Concerns

• Revenue Dependence on Cashews: Cashews make up the majority of revenue (~97–100% over past years). Market or regulatory changes may impact profits.
• No Long-Term Supplier Contracts: Raw materials are mostly sourced from open markets; price volatility may affect margins.
• Dependence on Major Customers: Top 10 customers generate a significant portion of revenue (42–87% over past years). Losing a key customer could materially affect revenue.
• Limited Geographic Presence: Major revenue comes from Delhi NCR, Haryana, and Gujarat, exposing the company to region-specific risks.
  

Financial Performance

• Total income grew 53.41% from ₹2,330.91 lakh (FY 2023–24) to ₹3,575.74 lakh (FY 2024–25).
• Profit after tax increased 162.94%, from ₹101.70 lakh to ₹267.41 lakh, driven by strong revenue growth and operational efficiency.
  

Outlook

• NFP Sampoorna Foods is focusing on healthy snacking, especially makhana (fox nuts).
• Plans to launch value-added makhana products: roasted, flavored, and vacuum-packed for health-conscious consumers.
• Strategy expected to:
  • Improve gross margins
  • Increase market share
  • Deepen brand engagement
  • Expand product offerings in the growing healthy snacks segment
    

IPO Summary

• Issue Size: ₹23.19–24.53 crore (depending on price band)
• Number of Shares: 44,60,000
• Price Band: ₹52–55 per share
• Face Value: ₹10 per share
• Listing: NSE SME
• IPO Open Date: 27th Jan 2026
• IPO Close Date: 30th Jan 2026