NFP Sampoorna Foods IPO GMP, Date, Price, Review & Analysis 2026

NFP Sampoorna Foods IPO GMP, Date, Price, Review & Complete Details (2026 SME IPO Guide)

The NSE SME platform is about to crack open a new opportunity in the food processing sector. NFP Sampoorna Foods Limited, a Delhi-based player in the dry fruits segment (specifically Cashews and Makhana), is launching its IPO — and investors are watching closely.

If you have been tracking the SME IPO space, you already know: agro-processing businesses can either scale fast on volume or struggle with thin margins and working capital pressure.

With the IPO opening on Wednesday, February 04, 2026, the big question is:

Is the nfp sampoorna foods ipo a genuine growth story or just another commodity trading play?

This detailed, IPO review strips away the noise and focuses on:

• Real financial momentum
• Debt levels
• Growth sustainability
• Risk factors
• IPO GMP trend
• Investment suitability

Let’s break down everything about nfp sampoorna foods limited ipo before you block your capital.

NFP Sampoorna Foods IPO: The Complete Cheat Sheet

This is a Book Built Issue listing on the SME platform.

Minimum Investment (Retail): Approx ₹2,20,000 (SME lot structure)

NFP Sampoorna Foods IPO GMP (Grey Market Premium)

As of now, the nfp sampoorna foods ipo gmp is quiet.

The grey market typically reacts once:

• Subscription momentum builds
• Retail category crosses 5–10x
• QIB demand looks strong
• Growth numbers inspire confidence

Currently, the nfp sampoorna foods limited ipo gmp has not developed a strong premium trend. Grey market participants are waiting for subscription data and demand signals.

⚠️ Important Note: SME IPO GMP can be highly volatile and unregulated. It should never be the only decision factor.

About NFP Sampoorna Foods Limited

NFP Sampoorna Foods Limited was incorporated in 2023 after taking over an existing partnership firm. Though recently incorporated, the business has legacy operations in the dry fruits trade.

The company operates in the dry fruit processing and trading industry, focusing on:

• Cashews
• Makhana (Fox Nuts)
• Almonds
• Walnuts

Business Model Breakdown: What Are They Actually Selling?

This is not a tech startup. This is a commodity-linked food processing business.

1️⃣ Core Segment – Cashew Processing

• Imports Raw Cashew Nuts (primarily from Africa)
• Processes them in Delhi facility
• Sells finished kernels

Cashew processing involves grading, roasting, peeling, and packaging. Margins depend on:

• Raw material procurement cost
• Import prices
• Currency movement
• Demand cycles

2️⃣ Expansion Strategy – Diversification into Makhana & Other Dry Fruits

The company has expanded into:

• Makhana (high-margin snack segment)
• Almonds
• Walnuts

This diversification reduces single-product dependency.

3️⃣ Sales Channels

The company operates across:

• B2B supply
• B2C distribution
• Institutional and government sales

This multi-channel approach spreads demand risk.

Industry Overview: Dry Fruits Market in India

India is one of the largest consumers of dry fruits globally.

Growth drivers include:

• Rising health awareness
• Premium snacking trend
• Growing middle class consumption
• Festive demand spikes
• Export opportunities

Cashew demand remains steady across:

• Retail consumers
• Sweet manufacturers
• Hotels and catering businesses

Makhana demand has surged due to its positioning as a healthy snack.

However, the industry remains:

• Import dependent
• Price sensitive
• Margin cyclical

Financial Performance: The Numbers That Matter

Now let’s move to the most critical section.

(*Not annualized)

Revenue Growth Analysis

Between FY24 and FY25, revenue jumped significantly.

But the real surprise:

👉 In just 8 months of FY26, revenue crossed full FY25 numbers.

This shows strong order flow and scaling momentum.

Profitability Trend

Net profit improved from ₹2.67 Cr to ₹3.49 Cr in 8 months.

If annualized, FY26 profit could exceed ₹5–6 Cr.

This signals:

• Better capacity utilization
• Improved operating leverage
• Revenue scalability

Debt Position: The Biggest Concern

Borrowings surged to ₹24.94 Cr.

This is high relative to net worth.

High debt means:

• Higher interest cost
• Lower net margins
• Cash flow stress if revenue slows

The IPO aims to correct this imbalance.

Objects of the Issue: Where Is IPO Money Going?

This is a 100% Fresh Issue under the nfp sampoorna foods limited ipo.

Fund Utilization:

• ₹9.50 Cr – Debt Repayment
• ₹7.25 Cr – Working Capital (Inventory Purchase)
• Remaining – General Corporate Purposes

Why Debt Repayment Is Critical

Reducing debt will:

• Lower interest burden
• Improve profit margins
• Strengthen balance sheet
• Improve credit profile

This IPO is partially a balance sheet repair strategy.

Risk Factors: The Red Flags

Investors must understand the risks clearly.

1️⃣ Supplier Concentration Risk

Top 10 suppliers account for 96.31% of raw material purchases.

If suppliers:

• Increase prices
• Delay shipments
• Disrupt supply

Business operations may suffer.

2️⃣ Forex Risk

Raw cashews are imported in USD.

If Rupee weakens:

• Input costs rise
• Margins compress

Currency volatility directly impacts profitability.

3️⃣ Inventory Risk

Dry fruits are perishable.

High working capital means:

• Storage cost
• Spoilage risk
• Demand fluctuation exposure

4️⃣ SME Liquidity Risk

Post-listing liquidity on SME platforms can be thin.

Price volatility can be higher compared to mainboard IPOs.

Valuation Analysis

• At ₹52–₹55 price band:
• If FY26 profit annualizes at ₹6 Cr:
• Estimated valuation appears reasonable compared to SME peers.
• But sustainability of growth is key.
• If revenue momentum continues and debt reduces, valuation improves post listing.

Who Should Consider Applying?

Suitable for:

• SME IPO investors
• High-risk appetite traders
• Short-to-medium term listing gain seekers
• Investors comfortable with commodity-linked businesses

Not suitable for:

• Conservative investors
• Low-volatility portfolio seekers
• Long-term defensive investors

SWOT Analysis

Strengths

• Strong revenue growth
• Diversified dry fruit portfolio
• Multi-channel sales model
• IPO proceeds reduce debt

Weaknesses

• High leverage
• Supplier dependency
• Import exposure

Opportunities

• Growing dry fruits market
• Rising Makhana demand
• Brand development potential

Threats

• Forex fluctuation
• Raw material price volatility
• Competitive pricing pressure

How to Apply for NFP Sampoorna Foods IPO

Option 1 – Net Banking (ASBA)

• Login → IPO section → Select IPO → Enter lot → Bid at ₹55 → Submit.

Option 2 – Broker App (UPI)

• Open stock trading app → IPO section → Apply → Approve UPI mandate.

Final Verdict: Growth Momentum with Execution Risk

The nfp sampoorna foods ipo shows breakout numbers.

Revenue momentum is undeniable.

But this is not a low-risk business.

It is:

• A scaling SME
• A balance sheet repair IPO
• A volume-driven processing company

If debt reduces and margins sustain, profitability may expand significantly.

However, supplier and forex risks remain structural concerns.

Invest with clarity, not hype.

FAQs

1. What is NFP Sampoorna Foods IPO?

It is an SME IPO of NFP Sampoorna Foods Limited, a dry fruits processing company listing on NSE SME.

2. What are the NFP Sampoorna Foods IPO dates?

February 04 to February 06, 2026.

3. What is the NFP Sampoorna Foods IPO GMP today?

Currently quiet. Grey market premium yet to build momentum.

4. What is the price band?

₹52 to ₹55 per share.

5. Is it a Fresh Issue or OFS?

100% Fresh Issue.

6. What is the minimum investment?

Approximately ₹2,20,000.

7. Where will it list?

On NSE SME (Emerge).

8. What does the company do?

Processes and sells cashews, makhana, almonds, and walnuts.

9. Is the company profitable?

Yes. It reported ₹3.49 Cr net profit for 8 months ending Nov 2025.

10. What are the biggest risks?

Supplier concentration, forex fluctuation, high working capital, leverage.

11. Is NFP Sampoorna Foods IPO good for long term?

Suitable only if growth sustains and debt reduces significantly.

12. Should I apply for listing gains?

Depends on subscription response and SME liquidity.

13. What is NFP Sampoorna Foods Limited IPO GMP trend?

Currently neutral; market awaiting demand signals.

14. Is it suitable for conservative investors?

No, risk profile is moderate to high.

15. What is the main objective of the IPO?

Debt repayment and working capital funding.

Disclaimer

Investments in securities market are subject to market risks. Read all related documents carefully before investing.

Source: Red Herring Prospectus (RHP) of NFP Sampoorna Foods Limited.