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India’s food and beverage (F&B) and hospitality sector is gearing up for nearly Rs 9,000 crore worth of IPOs by about a dozen companies
F&B Sector IPOs
India’s food and beverage (F&B) and hospitality sector is gearing up for nearly Rs 9,000 crore worth of initial public offerings (IPOs) by about a dozen companies over the next few months, The Economic Times reported. The upcoming listings reflect a surge in consumption demand and investor interest in a sector that remains fragmented with strong regional loyalties and a significant unorganised component.
Data compiled by ET showed that Milky Mist Dairy Food, which offers a wide range of milk products and ice creams, is targeting a Rs 2,035-crore IPO, comprising a Rs 1,785-crore fresh issue and an offer for sale (OFS) of Rs 250 crore. Prestige Hospitality Ventures, which operates premium hotels and restaurants, also plans to raise Rs 2,700 crore, including a Rs 1,700-crore fresh issue and Rs 1,000 crore through OFS. “The appetite for F&B IPOs underscores investors’ confidence in India’s consumption story,” said Amit Ramchandani, Managing Director and CEO, Motilal Oswal Investment Advisors, adding that such businesses offer “a blend of growth and defensiveness” valued by public markets.
Foodlink (F&B) Holdings India and Curefoods India are expected to be among the first to debut, albeit with smaller issues. Foodlink, a luxury catering company, plans to raise about Rs 160 crore through a fresh issue and an OFS of 11.9 million shares, while Curefoods India—operator of EatFit, Frozen Bottle, and CakeZone—is looking to raise Rs 800 crore via a fresh issue and OFS of 48.5 million shares. In the packaged seafood space, Infifresh (formerly Captain Fresh) is preparing for a Rs 1,700-crore issue, and Orkla India, the parent company of MTR Foods, is planning a nearly Rs 5,000-crore IPO.
Apart from Orkla India and Prestige Hospitality Ventures, other firms are still awaiting approval from SEBI. Cremica Foods, known for its biscuits and sauces, is eyeing Rs 800–1,000 crore, while Haldiram Snacks Food is expected to file draft papers for a Rs 5,000-crore issue. HyFun Foods is also preparing to file its Draft Red Herring Prospectus (DRHP) soon, ET reported.
Industry experts told ET that market conditions are conducive for these listings amid buoyant equities and strong investor appetite for companies combining stable cash flows with long-term growth. Analysts noted that players in the space are leveraging technology, expanding distribution, and enhancing brand portfolios to meet evolving consumer preferences. As organised players gain share from unorganised ones, many are turning to public markets to fund expansion and deleverage balance sheets.
“India’s F&B sector is poised for significant growth, driven by a rising middle class, urbanisation, and higher disposable incomes,” said Prashanth Tapse, Senior VP (Research) & Research Analyst at Mehta Equities. “As consumer lifestyles shift toward convenience, eating out, and premium experiences, many F&B companies are pencilling in strong revenue and margin growth,” he added, noting that the sector’s robust IPO pipeline highlights investor enthusiasm for India’s consumption-driven story.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 17, 2025, 07:49 IST
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