India's F&B Sector Gears Up For Rs 9,000 Crore IPO Wave Amid Soaring Demand

By siliconindia | Friday, 17 October 2025, 02:48 Hrs

Nearly a dozen Indian F&B and hospitality firms are preparing IPOs worth around Rs 9,000 crore in the coming months.
Major players like Milky Mist, Prestige Hospitality Ventures, Haldiram Snacks, and Orkla India lead the fundraising spree.
The surge reflects strong investor appetite, rising consumption demand, and growing confidence in India’s organised F&B sector.

India's food and beverage (F&B) and hospitality sector is gearing up for near Rs 9,000 crore worth of Initial Public Offerings (IPOs) by almost a dozen companies in the coming months. The listings suggest an increase in consumption demand and investor demand in a business that remains fragmented with high regional loyalties and has a large unorganised segment.

Figures collected showed that Milky Mist Dairy Food, which produces a range of milk products and ice creams, is planning to raise an IPO of Rs 2,035 crore, comprising a Rs 1,785-crore fresh issue and an offer for sale (OFS) of Rs 250 crore. Prestige Hospitality Ventures, which runs upscale hotels and restaurants, also plans to raise Rs 2,700 crore in the form of a Rs 1,700-crore fresh issue and Rs 1,000 crore under OFS. "India's consumption narrative is a reflection of the bidders' demand for F&B IPOs", said Amit Ramchandani, Managing Director and CEO, Motilal Oswal Investment Advisors, adding that these companies are 'a mix of growth and defensiveness' that is liked by public markets.

Foodlink (F&B) Holdings India and Curefoods India would probably be the first ones to come out, but with issues of smaller sizes. Foodlink, an upscale catering company, will raise about Rs 160 crore through a mobilization and an OFS of 11.9 million shares, while Curefoods India, which is the owner of EatFit, Frozen Bottle, and CakeZone, will mobilize Rs 800 crore through a mobilization and OFS of 48.5 million shares. In the packaged seafood space, Infifresh (previously called Captain Fresh) is preparing for a Rs 1,700-crore issue, and MTR Foods' parent Orkla India is to come out with an almost Rs 5,000-crore IPO.

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Apart from Orkla India and Prestige Hospitality Ventures, others are waiting for SEBI sanction. Cremica Foods, a biscuit and sauce-making company, is aiming at Rs 800-1,000 crore, while Haldiram Snacks Food will be filing draft papers for a Rs 5,000-crore issue soon. HyFun Foods too will be filing its Draft Red Herring Prospectus (DRHP) in the near future.

Industry participants opined that market conditions are positive for such listings with robust equities and strong investor appetite for companies that have stable cash flows coupled with long-term growth. Participants in the industry were utilizing technology, extending reach with distribution, and building brand portfolios to meet evolving consumer preferences, analysts said. As organised players capture market share from unorganised players, many are approaching public markets to raise funds to expand and deleverage balance sheets.

"India's F&B industry is poised for high growth, driven by a growing middle class, urbanization, and rising disposable incomes", said Prashanth Tapse, Senior VP (Research) & Research Analyst at Mehta Equities. "As consumers increasingly adopt convenience, eating-out, and premiumization lifestyles, several F&B companies are scriptwriting in good revenue as well as margin growth", he added further, noting the sector's favorable IPO pipeline indicating investor faith in India's consumption story.