The initial public offering (IPO) of NFP Sampoorna Foods Limited entered its final day of bidding on Wednesday, 20 May 2026. The ₹24.53 crore public issue has seen steady response from investors, though sentiment in the grey market has cooled down significantly compared to earlier sessions.
The public offering opened for subscription on Monday, 18 May 2026, with a fixed price band of ₹52 to ₹55 per equity share. It consists entirely of a fresh issue of 44.6 lakh equity shares, allowing the dry fruit processing company to retain all net proceeds to fund its internal growth initiatives.
Bidding and Subscription Highlights
By 12:00 PM IST on the final day, the National Stock Exchange (NSE) SME platform recorded total bids for 53.24 lakh shares against the 42.36 lakh shares on offer. This reflects an overall subscription rate of 1.26x. The demand varied across different investor categories:
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Retail Individual Investors (RIIs): Led the subscription drive, bidding 2.21 times their allocated quota, building on steady retail interest seen over the first two days.
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Qualified Institutional Buyers (QIBs): Fully booked their minimal institutional reservation of 42,000 shares, recording a subscription status of 1.00x.
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Non-Institutional Investors (NIIs): Followed a more cautious approach, with the segment booked at just 30% of its available shares during the midday session.
The initial days of the offering showed a gradual ramp-up in demand, with the issue drawing 47% total bids on Day 1 and crossing the baseline at 1.04x on Day 2.
Zero Premium Observed in Grey Market
Market tracking platforms, including investorgain.com, reported that the Grey Market Premium (GMP) for the NFP Sampoorna Foods IPO dropped to ₹0 on Wednesday. This indicates that unlisted shares are currently trading exactly at the upper band issue price of ₹55, offering no estimated premium or discount for the upcoming market debut.
The grey market performance highlights a distinct downward trend over the past eight trading sessions. The premium previously peaked at ₹8 during the pre-IPO window—which would have pointed to a 14.55% listing gain at ₹63—before gradually sliding down to a flat baseline as the subscription window drew to a close.
Corporate Operations and Capital Utilization
NFP Sampoorna Foods specializes in processing and distributing premium dry fruits, with a core operational focus on raw and processed cashew kernels. The business imports its raw materials directly from African agricultural farms, processing them at its dedicated production facilities under ISO 9001:2015 and ISO 22000:2018 food safety certifications.
To cater to evolving healthy snack trends, the brand expanded its product portfolio to include almonds, walnuts, and makhana (fox nuts). It operates through a hybrid distribution network that spans traditional business-to-business (B2B) wholesale channels alongside direct digital retail setups on platforms like Amazon, Flipkart, and its corporate website.
The company has appointed 3Dimension Capital Services as the book-running lead manager for the SME public issue, while Skyline Financial Services serves as the registrar, and Anant Securities acts as the market maker. According to the draft red herring prospectus, management will allocate the ₹24.53 crore in fresh capital to clear outstanding high-interest borrowings, manage its expanded working capital requirements, and cover general corporate expenses. Following the close of the issue, the shares are tentatively scheduled to debut on the NSE SME exchange on Monday, 25 May 2026.
