Foodlink F&B Holdings (India), a catering and meals retail chain firm, has filed preliminary papers with capital markets regulator Securities and Alternate Board of India (SEBI) to lift funds by way of an preliminary public providing (IPO).
Foodlink F&B Holdings IPO is a mixture of contemporary concern of fairness shares of as much as ₹160 crore and an offer-for-sale (OFS) part of over 1,19,53,535 shares by promoters and investor promoting shareholders, based on the draft crimson herring prospectus (DRHP).
The corporate’s promoters – Ankita Chugh, Trans World Resorts LLP and Sanjay Manohar Vazirani – will offload their stakes as part of the OFS within the Foodlink F&B Holdings IPO.
Arpit Khandelwal, V’Ocean Investments, Oaks Asset Administration, Aarkay Investments, Welspun Group Grasp Belief by way of its trustee Balkrishan Goenka; Aarin Capital Companions by way of T V Mohandas Pai and Ranjan Ramdas Pai; and Bona Terra Greenhouses LLP are different buyers who will divest their holdings within the firm, the DRHP confirmed.
Foodlink F&B Holdings stated it could undertake a pre-IPO placement spherical to lift round ₹32 crore. If such a placement is undertaken, then the dimensions of the contemporary concern can be lowered.
As per the DRHP, the corporate proposes to utilise the online proceeds from the contemporary concern in the direction of establishing two new centralised kitchens and funding in its materials subsidiary Foodlink World Eating places & Catering Providers for establishing 4 new informal eating eating places. Funds may even be used for compensation of debt and normal company functions.
Foodlink F&B Holdings shares are proposed to be listed on each the inventory exchanges, BSE and NSE.
Equirus Capital and JM Monetary are the e book operating lead managers whereas MUFG Intime India is the Foodlink F&B Holdings IPO registrar.
About Foodlink F&B Holdings (India)
Mumbai-based Foodlink F&B Holdings (India) is a worldwide luxurious meals companies enterprise centered on offering curated culinary experiences. Its enterprise mannequin includes occasions catering, informal eating eating places & cloud kitchens, and banquets and built-in F&B companies.
Within the occasions catering enterprise its clientele embrace Hardcastle Restaurant (grasp franchisee operator McDonald’s in western and southern India), Zee Leisure and Greenply.
It operates 30 informal eating eating places and cloud kitchens by way of its flagship manufacturers reminiscent of India Bistro, Artwork of Dum, China Bistro, and Glocal in India and the United Arab Emirates.
For the nine-month interval ended December 31, 2024, Foodlink F&B Holdings reported a income from operations of ₹306.38 crore and revenue after tax of ₹7.39 crore.
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