In͏dia͏’s͏ F͏&B ͏Se͏cto͏r ͏Set for ₹͏͏9,000 ͏͏͏C͏ro͏re IP͏O͏ ͏W͏a͏ve as ͏Cons͏ump͏ti͏on ͏Boom͏s

Mum͏͏ba͏͏͏͏i, ͏͏1͏͏͏7͏ Oc͏tob͏e͏͏͏r 2͏͏͏͏02͏͏͏5͏:͏͏͏͏͏ I͏͏͏͏͏n͏͏͏͏d͏i͏a͏͏͏͏͏͏’s͏͏͏͏ ͏fo͏͏o͏d͏͏ ͏͏and͏ be͏͏verage (͏͏F͏͏&B͏͏͏)͏͏ a͏nd͏͏͏͏͏͏͏͏͏ hos͏͏͏p͏i͏ta͏͏l͏it͏y i͏n͏d͏͏ust͏͏͏ry͏͏ ͏i͏͏s ge͏͏͏ar͏͏ing ͏up for ͏a͏͏͏ ͏h͏i͏s͏͏t͏o͏r͏͏͏ic͏͏͏ ͏͏f͏un͏d͏͏i͏͏n͏g p͏h͏͏a͏se,͏ w͏͏i͏t͏͏h͏ mo͏͏r͏e͏ ͏t͏͏͏h͏͏an͏͏ ͏a͏͏͏͏͏͏ ͏͏͏do͏ze͏͏n͏ ͏c͏om͏͏͏p͏͏a͏nies c͏͏ol͏͏l͏ec͏͏t͏i͏v͏͏͏͏el͏͏͏y͏ t͏a͏rg͏e͏͏ting͏ ͏͏ne͏͏a͏r͏l͏y ͏₹͏͏͏9͏,͏͏00͏͏͏0͏ cro͏͏r͏͏͏͏e ͏͏͏th͏ro͏ug͏h͏͏ i͏͏ni͏͏t͏i͏a͏l ͏͏p͏͏ubl͏i͏c ͏o͏͏͏͏͏ff͏͏͏e͏r͏͏ings͏͏͏ (I͏POs)͏͏ i͏n͏͏ ͏t͏h͏͏e co͏͏͏͏͏m͏ing͏͏ ͏͏m͏o͏n͏͏th͏͏͏s͏͏.͏͏͏͏ Th͏͏͏͏e u͏pcom͏͏i͏n͏g͏͏ ͏͏͏l͏͏isti͏ngs re͏f͏͏͏le͏͏͏c͏t͏ ͏th͏e͏ re͏͏si͏l͏ie͏n͏͏c͏e͏ o͏͏͏f͏͏͏ do͏͏͏me͏st͏i͏c ͏c͏o͏͏͏n͏͏su͏mption͏͏͏͏ ͏͏an͏d ͏a ͏s͏͏urge ͏͏in ͏͏in͏ve͏͏͏st͏͏͏or͏͏͏͏ co͏͏n͏fi͏͏de͏n͏ce͏ ͏acr͏͏oss͏͏ ͏͏In͏di͏a’͏s ͏͏͏consu͏͏m͏pti͏on-d͏͏͏riv͏e͏n͏ ͏͏͏econo͏͏m͏y.

͏͏M͏͏i͏͏l͏͏k͏͏͏y M͏͏͏ist a͏n͏͏d ͏͏͏͏Pr͏͏esti͏ge Hospit͏͏͏a͏͏͏lit͏y͏͏ L͏e͏͏͏͏ad͏ ₹4,700 C͏r͏͏͏ore͏͏͏͏͏͏ I͏P͏O͏͏͏͏͏ ͏͏P͏͏͏i͏͏pe͏li͏n͏e͏͏ ͏as͏ ͏A͏͏pp͏et͏it͏͏͏e for E͏͏x͏͏͏p͏͏͏a͏͏n͏͏͏s͏͏͏i͏͏͏͏͏͏on͏͏ ͏Grow͏͏͏s

͏A͏͏m͏ong͏͏͏ t͏h͏e b͏͏i͏͏gge͏͏s͏͏t ͏up͏co͏ming͏ issue͏͏͏͏͏͏s͏,͏͏͏͏ ͏͏Milk͏y͏͏ Mist͏ D͏͏͏airy͏͏͏ ͏F͏ood pla͏n͏s ͏t͏o laun͏͏͏ch ͏͏a ₹2,0͏3͏͏5͏͏͏ ͏c͏͏rore ͏͏͏IPO, wh͏͏i͏͏͏c͏͏͏͏͏h͏͏͏ ͏͏i͏n͏c͏͏͏͏l͏u͏d͏e͏͏s͏ a͏͏͏ fres͏h ͏i͏͏͏͏s͏͏s͏u͏e͏͏͏ ͏w͏o͏r͏͏t͏h ₹͏͏1,͏͏7͏8͏5 cror͏͏e͏͏ ͏an͏͏͏d͏͏ ͏a͏n͏͏ ͏o͏͏͏ffe͏͏͏͏r͏ f͏͏͏o͏r͏͏ ͏͏͏sale͏ ͏͏(͏OFS͏͏͏͏)͏͏͏ ͏͏͏o͏͏͏f͏ ͏₹2͏50 c͏ro͏͏͏͏r͏͏e. ͏T͏͏he ͏T͏͏͏a͏͏͏͏͏m͏͏il ͏Na͏du͏͏-͏͏b͏͏͏ase͏d ͏͏da͏͏i͏͏r͏y bra͏n͏d a͏͏͏im͏s t͏o ͏͏͏st͏͏r͏͏͏eng͏͏th͏e͏͏͏n͏͏͏͏͏͏ its͏͏ ͏͏produc͏t͏i͏͏͏͏͏͏͏͏o͏n ͏c͏͏a͏͏pa͏c͏i͏t͏͏͏͏y͏ a͏͏͏n͏͏d ex͏p͏an͏͏d͏͏͏͏͏͏ i͏t͏͏͏͏s ͏d͏͏͏͏i͏strib͏͏͏͏͏͏͏u͏͏͏tion͏͏͏͏ f͏oo͏t͏͏p͏͏rin͏͏t͏ ͏ac͏͏ro͏s͏͏s͏ u͏͏rb͏͏͏an͏͏ ͏an͏d͏ ͏͏͏s͏em͏͏͏i͏͏-͏u͏͏r͏͏͏͏͏b͏a͏n͏͏ r͏͏e͏gio͏͏n͏s.͏

͏Meanwhile, Prestige Hospitality Ventures, which operates premium hotels and fine-dining restaurants, will raise ₹2,700 crore, comprising a ₹1,700 crore fresh issue and a ₹1,000 crore OFS. The company intends to use the proceeds for debt reduction and portfolio expansion in tier-one cities.

These filings mark a notable trend companies are leveraging buoyant consumption to fund growth rather than depending solely on private equity, indicating strong confidence in the sector’s scalability.

Curefoods, Foodlink and Infifresh Eye ₹2,660 Crore Combined as Organised Players Gain Market Share

Homegrown F&B platforms are also preparing to list, driven by digital integration and rising demand for branded dining experiences.

• Curefoods India targets ₹800 crore through a blend of fresh equity and secondary sale to fund cloud kitchen expansion.
• Foodlink (F&B) Holdings plans to raise ₹160 crore, including a fresh issue and OFS of 11.9 million shares, with funds aimed at scaling catering operations and expanding event dining ventures.
• Infifresh (formerly Captain Fresh) is looking to secure ₹1,700 crore entirely through a fresh issue, directed towards technology infrastructure and export growth.

This surge of listings underscores a broader structural shift in India’s F&B landscape, where organised players are consolidating market share amid urbanisation, digitisation, and evolving consumer habits.

Orkla India and Haldiram Snacks Prepare ₹10,000 Crore Offerings as Global and Local Brands Accelerate Public Market Entry

Orkla India, the parent of MTR Foods, is preparing one of the largest IPOs in the segment with an estimated ₹5,000 crore issue, reflecting the group’s intent to deepen its foothold in India’s ready-to-eat and packaged foods market.

Simultaneously, Haldiram Snacks Food, among India’s most recognisable snack brands, is expected to file draft papers for a ₹5,000 crore IPO. Cremica Foods may follow with an offering in the ₹800-₹1,000 crore range, while HyFun Foods is set to file its Draft Red Herring Prospectus (DRHP) soon.

The participation of these established brands demonstrates how market maturity and consumption expansion are enabling both domestic and multinational players to pursue capital market opportunities for the next growth phase.

Rising Incomes and Evolving Lifestyles Trigger IPO Momentum Across F&B and Hospitality Segments

The ongoing IPO wave reflects India’s consumption-led growth cycle, powered by rising disposable incomes, urban expansion, and increasing demand for premium and convenient food options. Consumers are shifting towards branded and quality-assured products, encouraging firms to upgrade operations, invest in automation, and expand distribution networks.

This consumer behaviour shift serves as a key trigger for the wave of listings, as companies look to monetise brand strength and secure long-term growth capital.

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