Curefoods India IPO: Bengaluru primarily based cloud kitchen startup Curefoods India has filed its DHRP close to SEBI. This IPO will factor new stocks of ₹ 800 crore, and be offering might be introduced through the present shareholders to promote 4.85 crore fairness stocks. Tell us that Curefoods India have improve from Flipkart co-founder Binny Bansal, Accel India, Iron Pillar and Alteria Capital Fund.
Ankit Nagauri -owned curefoods can imagine elevating cash as much as ₹ 160 crore thru anchor guide sooner than IPO. If she is a success in finishing the pre-IPO placement, the scale of the brand new factor might be round ₹ 640. After the IPO, the 3STATE VETUTES PTE owned through promoters Ankit Nagauri and Binny Bansal would be the greatest shareholders within the corporate, whose percentage might be 27.80 p.c and 17.32 p.c respectively. This might be adopted through the Iron Pillar (13.53 p.c), Chirate (8.23 p.c) and Excel India V (Mauritius) (7.17 p.c stake). Shardul Amarchand Mangaldas and Trilegal are criminal advisors on IPOs. On the identical time, JM Monetary, IIFL Capital Services and products and Nuvama Wealth Control were appointed as Ebook Working Lead Managers for Curefoods India IPO.
How will the usage of cash gained from IPO
The usage of an quantity of ₹ 152.5 crore got from the Multi-Emblem Meals Services and products Corporate Contemporary Factor, putting in new cloud kitchens, eating places, kiosks and central kitchens underneath the Crisi Cream emblem; Extension of a few present cloud kitchens; And making plans to shop for equipment and gear. Except this, the corporate can pay a mortgage of ₹ 126.9 crore in the course of the quantity gained from the problem. Give an explanation for that through April 2025, the corporate had a mortgage of ₹ 239.1 crore.
The rest quantity might be used for building thru normal company functions with hire bills for present belongings, funding in subsidiaries, further shareholding in subsidiaries, gross sales and industry measures, and lots of acquisitions with normal company functions.
Corporate industry and fiscal standing
Curefoods India trades meals products and services thru 5 central kitchens, 281 cloud kitchens, 99 kiosks, 122 eating places and 13 warehouses in additional than 70 towns and cities in India. It has recorded a lack of ₹ 170 crore within the monetary 12 months ended March 2025, which is somewhat not up to a lack of ₹ 171.9 crore within the final monetary 12 months. The income was once ₹ 745.8 crore all through the monetary 12 months 2025, which is 27.5 p.c greater than ₹ 585.1 crore within the earlier monetary 12 months.
