Curefoods India Limited Files DRHP for IPO
Curefoods India Limited has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO presents an exciting opportunity for investors to participate in the growth story of one of India’s rapidly expanding food services companies. The IPO is a Fresh Issue of 800.00 crores.
Company Overview
Curefoods India Limited is a leading player in the digital-first food services sector in India. They focus on providing high-quality, diverse culinary experiences through a network of cloud kitchens and strategically acquired food brands. The company targets the growing segment of consumers seeking convenient and reliable food delivery options.
Curefoods operates multiple brands, offering a wide range of cuisines to cater to diverse taste preferences. Their business model leverages technology and data analytics to optimize operations, enhance customer experience, and drive efficiency.
Key Achievements
Curefoods has achieved significant milestones, establishing itself as a key player in the Indian food services market:
- Ranked as the second largest digital-first food services company in India (excluding food delivery marketplaces) based on revenue as of March 31, 2025.
- Recognized among the top two leading cloud kitchen companies based on service locations.
- Fastest-growing food services company between Fiscal 2022 and 2024 among those generating over 50 crore in Fiscal 2024.
- Achieved over 75 crore revenue within five years of incorporation, marking a significant milestone.
Financial Overview
Here s a snapshot of the company s financial performance for the most recent fiscal year:
| Financial Parameter | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
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Offer for Sale and IPO Structure
The Curefoods India Limited IPO includes a fresh issue. The IPO will allocate shares to different investor categories as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares of Curefoods India Limited are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The IPO is being managed by the following lead managers:
- Jm Financial Limited
- Iifl Capital Services Limited
- Nuvama Wealth Management Limited
KFin Technologies Limited is the registrar for the IPO.
Conclusion
The Curefoods India Limited IPO presents a unique opportunity to invest in a rapidly growing food services company. Investors are encouraged to stay informed about the IPO launch date and consider participating in this offering. Keep an eye out for further updates and detailed analysis as the IPO progresses.