Curefoods India IPO is fully book build issue and total IPO size is ₹800.00 crores. The entire share offering is a fresh issue worth ₹800.00 crores.
The dates for the Curefoods India IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Curefoods India IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Curefoods India IPO has not been announced yet.
Registrar for this IPO is Kfin Technologies Limited and lead managers for Curefoods India IPO are Jm Financial Limited, Iifl Capital Services Limited, Nuvama Wealth Management Limited.
Explore more upcoming IPOs in India for comparison and investment planning.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹1 Per Equity Share |
| Total Issue Size | 48,537,599 Shares + ₹800 Crores |
| Fresh Issue | ₹800.00 Crores |
| OFS Issue | 48,537,599 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
About Curefoods India Limited Company
This data provides a snapshot of India's competitive food services landscape, focusing on scaled, listed companies with over ₹2,000 crore revenue (FY24) and private multi-brand cloud kitchen companies with over ₹300 crore revenue (FY23). Key performance indicators (KPIs) like revenue, EBITDA, and Profit After Tax (PAT) are compared across various players, including Curefoods, Jubilant FoodWorks, Devyani International, Sapphire Foods, Westlife FoodWorld, Eternal, Swiggy, Rebel Foods, Wow Momos, and EatClub Brands.
Curefoods is highlighted as the second largest digital-first food services company in India (excluding food delivery marketplaces) in terms of revenue as of March 31, 2025. It's also among the top two leading cloud kitchen companies based on service locations and recognized as the fastest-growing food services company between Fiscal 2022 and 2024 among those generating over ₹50 crore in Fiscal 2024. Notably, Curefoods is the first to achieve over ₹75 crore revenue within five years of incorporation.
The industry faces challenges including high dependency on aggregator platforms, intensifying competition, maintaining operational consistency, and navigating regulatory hurdles. These factors could impact growth and stability within the cloud kitchen sector.
Curefoods India Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ||||
| Revenue | ||||
| Profit After Tax | ||||
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| (5.58) | (31.29%) |
Offer Objectives
This document details the Employee Stock Option Scheme 2021 (ESOP) of Curefoods India Limited. It outlines two components: ESOP Scheme 2021 (Direct) and ESOP Scheme 2021 (Trust).
ESOP Scheme 2021 (Direct): No equity shares were issued under this scheme from Q1 FY 2023 to Q1 FY 2026 (till the date of this Draft Red Herring Prospectus), with prices at ₹1 per share.
ESOP Scheme 2021 (Trust): The objective is to motivate and retain employees by aligning their interests with the company's long-term growth. As of the date of the prospectus, 6,103,050 options have been granted, no options have been vested, and 506,340 options have been exercised. The maximum number of options issuable is 7,096,590, potentially transferring up to 7,096,590 equity shares of ₹1 each.
For the period from April 1, 2025, till the date of the Draft Red Herring Prospectus, 5,596,710 options were granted, with an exercise price of ₹1 per option. Key Managerial Personnel and Senior Management received substantial option grants. Notably, Godavarti Sivarama Bhaskar received 759,510 options, and Gokul Kandhi Umayorubhagan received 2,033,190 options.
Fair value at grant date, share price, and risk-free rate details are provided for various periods. The company intends to utilise ₹800 crore from the fresh issue for various purposes, including setting up new cloud kitchens, repayment of borrowings, lease payments, and investments in subsidiaries, with estimated offer expenses to be finalized in the prospectus.
Company Details
Address:
Registered Office: No. 72/4, Roopena Agrahara, Hosur Road, Madiwala Post, Bengaluru 560 068, Karnataka, India
Corporate Office : Sparkplug Coworks, 42, 2nd Floor, 100 Feet Road, Koramangala 4th Block, Bengaluru, 560 034, Karnataka, India
Phone: +91 63647 08916
Email: [email protected]
Website: http://www.curefoods.in
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 309 4001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Jm Financial Limited
- Iifl Capital Services Limited
- Nuvama Wealth Management Limited
