1. Business Overview: From Khari Baoli to the Digital Cart

Founded in 2019, NFP Sampoorna Foods has evolved from a small trading partnership into a consolidated high-capacity processing powerhouse. Based in the heart of Asia's largest spice and dry fruit market (Khari Baoli, Delhi), the company bridges the gap between international procurement and the health-conscious Indian consumer.

Core Product Offerings:

Cashew Nuts: Their flagship product, primarily sourced as raw nuts from African farms and processed in-house.

Makhana (Fox Nuts): Sourced from Bihar aggregators, offered in plain and value-added roasted/flavored variants.

Almonds & Walnuts: Procured through a specialized network of trusted growers.

Omnichannel Strategy: Beyond traditional wholesale, the company has successfully integrated with modern retail and e-commerce platforms like Blinkit, Amazon, and MyStore.

2. Final IPO Timelines & Allotment Update

The IPO bidding closed on February 6, 2026. If you have applied, here are the dates for the next steps:

3. Financial Performance: A Healthy Growth Story

NFP Sampoorna has shown a robust financial trajectory, particularly in the current fiscal year:

Revenue Surge: Revenue grew from ₹16.74 Cr (FY23) to ₹35.75 Cr (FY25). Remarkably, for the first 8 months of FY26, the company has already clocked ₹37 Cr, surpassing the previous full year.

Profitability: Net Profit (PAT) increased from ₹0.41 Cr (FY23) to ₹2.69 Cr (FY25).

Efficiency: The company maintains a high ROE of 29.76% and an EBITDA margin that expanded to ~13% in FY25.

Valuation: At the upper price band, the P/E ratio is approximately 16x, which is attractively priced compared to sector leader Krishival Foods (P/E ~60x).

4. Strategic "Use of Proceeds"

The IPO was a 100% Fresh Issue, meaning all funds remain within the company:

₹9.50 Cr: For prepayment or repayment of existing borrowings to reduce interest costs.

₹7.25 Cr: To fund the increased working capital requirements of their expanding retail business.

Balance: General corporate purposes and issue-related expenses.

5. Grey Market Premium (GMP) & Listing Outlook

As of February 11, 2026 (Listing Day):

GMP Status: The IPO was trading with a flat to marginal premium in the unofficial market.

Market Sentiment: While the dry fruit segment is competitive, NFP’s strong presence in the "Healthy Snacking" category and its recent automated facility in Neemrana, Rajasthan, provide a solid foundation for long-term growth.

6. Investment Analysis: Pros & Cons

Strengths:

Asset Creation: Recently commissioned a 3,000 MT capacity automated facility in Rajasthan.

Experienced Leadership: Led by MD Yash Vardhan Goel with nearly three decades of industry experience.

Premium Positioning: Focus on high-margin value-added products (flavored makhana).

Risks:

Raw Material Volatility: Dependence on African cashew imports makes them vulnerable to currency fluctuations and international trade policies.

Unorganized Competition: The dry fruit market in India is heavily fragmented with significant competition from local unorganized players.

7. Conclusion

NFP Sampoorna Foods is a "Pure-Consumption" play. While the SME segment carries inherent liquidity risks, the company's valuation gap compared to its peers and its pivot toward high-growth digital channels make it a noteworthy player in the food processing sector.