New Delhi, May 25 (H.S.): Shares of dry fruits trading company NFP Sampoorna Foods delivered a disappointing debut in the stock market today, leaving IPO investors disheartened. The company had issued its shares at ₹55 apiece under its Initial Public Offering (IPO). However, the stock was listed on the NSE SME platform at ₹54.50, reflecting a discount of 0.91 per cent from the issue price.

Shortly after listing, the company’s shares came under heavy selling pressure and declined to the lower circuit limit of ₹51.80. As a result, IPO investors suffered a loss of ₹3.20 per share, or 5.82 per cent, on the very first day of trading.

The ₹24.53 crore IPO of NFP Sampoorna Foods had remained open for subscription between May 18 and May 20. The issue received a lukewarm response from investors and was subscribed only 1.57 times overall. The portion reserved for Qualified Institutional Buyers (QIBs) was fully subscribed. However, the Non-Institutional Investors (NII) category received only 34 per cent subscription, while the retail investors’ portion was subscribed 2.80 times.

Under the IPO, the company issued 44.60 lakh fresh equity shares with a face value of ₹10 each. The funds raised through the issue are intended to reduce existing debt, meet working capital requirements, and fulfil general corporate purposes.

Regarding the company’s financial position, claims made in the Draft Red Herring Prospectus (DRHP) submitted to capital market regulator Securities and Exchange Board of India (SEBI) indicate that despite fluctuations, its financial health has improved over time.

The company reported a net profit of ₹41 lakh in the financial year 2022-23, which declined to ₹15 lakh in FY 2023-24. However, in FY 2024-25, net profit surged sharply to ₹2.67 crore. During the period from April to November 30, 2025, the company had already recorded a net profit of ₹3.49 crore.

The company’s revenue also witnessed fluctuations while maintaining an overall growth trajectory. Total revenue stood at ₹16.75 crore in FY 2022-23, which declined to ₹6 crore in FY 2023-24 before rising sharply to ₹35.76 crore in FY 2024-25. During the period from April to November 30, 2025, the company had already generated revenue worth ₹36.96 crore.

During the same period, the company’s debt burden continued to rise significantly. At the end of FY 2022-23, the company was completely debt-free. However, debt increased to ₹8.53 crore in FY 2023-24 and further rose to ₹11.36 crore in FY 2024-25. By November 30, 2025, the company’s total debt had climbed sharply to ₹24.94 crore.

Despite fluctuations, the company’s net worth also improved over the years. It stood at ₹8.54 crore in FY 2022-23 before declining to ₹6.34 crore in FY 2023-24. Thereafter, net worth improved to ₹9.02 crore in FY 2024-25 and further increased to ₹15.70 crore by November 30, 2025.

Similarly, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) stood at ₹77 lakh in FY 2022-23, which declined to ₹56 lakh in FY 2023-24. However, EBITDA rose sharply to ₹4.69 crore in FY 2024-25, while during the period up to November 30, 2025, it reached ₹6.64 crore.

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Hindusthan Samachar / Jun Sarkar