India, Oct. 9 -- Shares of D2C meat delivery company Zappfresh's parent DSM Fresh Foods Ltd made a decent debut on the BSE SME today, listing 20% above the issue price at INR 120 apiece.

Zappfresh's IPO closed with 1.36X oversubscription, after the public issue had to be extended due to undersubscription. The IPO closed with investors bidding for 53.12 Lakh shares against the 39.08 Lakh shares on offer.

At 10:08, shares of Zappfresh were locked in at 5% upper circuit at INR 126, which is 26% above the issue price of INR 100. The company's market capitalisation stood at INR 267.45 Cr (about $30 Mn).

(The story will be updated soon)

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