Foodlink F&B Holdings (India), a premium food services and hospitality brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise capital through an initial public offering. The IPO aims to fuel the company’s next phase of growth, including new kitchens, restaurant expansion, and debt reduction. With a strong presence in India and the UAE, Foodlink is positioning itself as a global culinary powerhouse.
Here’s a comprehensive look at what the IPO entails and what it signals for the luxury F&B sector.
Key Details from the IPO Filing
- The IPO comprises a fresh issue of equity shares worth up to ₹160 crore
- An offer for sale (OFS) of over 1.19 crore shares will be made by promoters and existing investors
- Prominent stakeholders offloading shares include Ankita Chugh, Trans Global Hotels LLP, and Sanjay Manohar Vazirani
- Other selling investors include V’Ocean Investments, Oaks Asset Management, Aarin Capital Partners, and Welspun Group Master Trust
- The company may also raise ₹32 crore via a pre-IPO placement, which would reduce the size of the fresh issue
Where the Funds Will Go
The proceeds from the IPO will be strategically deployed to strengthen Foodlink’s infrastructure and brand footprint:
- Establishment of two new centralized kitchens to support catering operations
- Investment in subsidiary Foodlink Global Restaurants & Catering Services to open four new casual dining restaurants
- Partial repayment or prepayment of existing borrowings
- General corporate purposes to support operational scalability
Inside Foodlink’s Business Model
Founded by Sanjay Manohar Vazirani, Foodlink operates across three verticals:
- Luxury event catering for high-profile clients including McDonald’s franchisee Hardcastle Restaurants, Zee Entertainment, and Greenply
- Casual dining and cloud kitchens under brands like India Bistro, China Bistro, Art of Dum, Glocal, and YouMee
- Banqueting and integrated F&B services for elite events and hospitality venues
The company currently runs 30 restaurants and cloud kitchens across India and the UAE, with plans to expand into Saudi Arabia.
Financial Snapshot
- Revenue from operations for the nine months ending December 31, 2024: ₹306.38 crore
- Profit after tax during the same period: ₹7.39 crore
- The company’s shares are proposed to be listed on both BSE and NSE
- JM Financial and Equirus Capital are the book running lead managers for the issue
What This Means for the F&B Sector
- The IPO reflects growing investor appetite for premium hospitality and experiential dining brands
- Foodlink’s expansion into international markets signals confidence in Indian culinary exports
- The move could pave the way for more F&B players to tap public markets for growth capital
As India’s dining culture evolves and global palates converge, Foodlink’s IPO marks a pivotal moment for the luxury food services industry—where taste, scale, and storytelling meet on a public platform.
Sources: Rediff Money, Indian Retailer, Devdiscourse, PTI, Moneycontrol, Economic Times Markets, DRHP filings via Sebi India
