Foodlink F&B Holdings IPO: DRHP Filed for Launch
The Foodlink F&B Holdings IPO has been officially announced following the filing of its Draft Red Herring Prospectus (DRHP) with SEBI. The IPO comprises a fresh issue of ₹160 crore along with an Offer for Sale (OFS) of nearly 12 lakh shares. This public offering marks a significant step for Foodlink F&B Holdings, a leading name in India’s luxury food services space, to raise capital for expansion of central kitchens, casual dining restaurants, and debt repayment.
Company Overview
Foodlink F&B Holdings is a global luxury food services business, known for delivering curated culinary experiences. As India s largest organized luxury catering company by revenue in FY24, Foodlink capitalizes on its first-mover advantage to cater to weddings, MICE events, sports events, and personal celebrations for India s wealthiest families and top corporations.
Their integrated model encompasses three key businesses:
- Events Catering: Luxury and tailored services, including international storage in Dubai.
- Casual Dining Restaurants & Cloud Kitchens: Offering diverse culinary experiences.
- Banquets and Integrated F&B Services: Providing comprehensive food and beverage solutions.
With operations in India and the UAE, Foodlink has catered to events globally, including Switzerland, Turkey, Italy, and France.
Key Achievements
Foodlink has demonstrated strong performance and growth, catering to over 2,453 events in the nine months ended December 31, 2024. The company can handle over 30,000 guests at a single event and manage multiple events simultaneously. Its clientele includes film actors, cricketers’ families, HNIs, and large corporates such as Hardcastle Restaurant Private Limited and Zee Entertainment.
Financial Overview (As of December 31, 2024)
Below is a summary of the company’s financials based on the most recent data:
| Financial Metric | Amount ( in Crores) |
|---|---|
| Total Assets | 311.91 |
| Revenue | 306.39 |
| Profit After Tax | 7.40 |
| Net Worth | 88.82 |
| Total Borrowing | 32.59 |
Offer for Sale and IPO Structure
The IPO includes a fresh issue of equity shares aggregating up to 160.00 crores, along with an Offer for Sale of 11953535 equity shares by existing shareholders. The company will not receive any proceeds from the Offer for Sale portion.
The IPO allocation is structured as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead managers for the Foodlink F&B Holdings (India) Limited IPO are Equirus Capital Private Limited and JM Financial Limited. MUFG Intime India Private Limited is the registrar for the IPO.
Conclusion
The Foodlink F&B Holdings (India) Limited IPO presents a promising opportunity for investors looking to invest in the luxury food services sector. With a strong market position and robust growth, Foodlink is set to make a significant impact. Stay tuned for updates on the IPO date and other important details to make an informed investment decision.