Curefoods Ipo
Curefoods IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
JM Financial Limited
IIFL Capital Services Limited
Nuvama Wealth Management Limited
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| IPO Bidding Cut-off Time: | 2025- 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 9,54,38,319 | 83.43% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Expenditure by our Company towards: (i) setting up of new cloud kitchens, restaurants, kiosks and Krispy Kreme Theatres; (ii) expansion of certain existing cloud kitchens by way of brand addition; and (iii) purchase of machinery and equipment | ₹152.54 |
| Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | ₹126.93 |
| Expenditure towards lease payments for existing properties of our Company, in India | ₹40 |
| Investment in our Subsidiary, Fan Hospitality Services Private Limited towards: (i) acquisition of additional shareholding; and (ii) setting up of a new central kitchen, cloud kitchens and restaurants | ₹91.96 |
| Investment in our Subsidiary, Cakezone Foodtech Private Limited for: (i) acquisition of additional shareholding; and (ii) sales and marketing initiatives | ₹11.35 |
| Acquisition of additional shareholding in our Subsidiaries, namely (i) Millet Express Foods Private Limited; (ii) Munchbox Frozen Foods Private Limited; and (iii) Yum Plum Private Limited | ₹81.15 |
| Payment of deferred consideration by our Company under the business transfer agreement entered into by our Company with Jaika Hospitality Ventures Private Limited and its founders | ₹2.50 |
| Expenditure towards sales and marketing initiatives by our Company | ₹14 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹411.55 | ₹754.28 | ₹342.73 | ₹952.53 |
| 2024 | ₹635.09 | ₹806.88 | ₹172.61 | ₹866.15 |
| 2025 | ₹775.49 | ₹944.18 | ₹169.97 | ₹1,042.71 |
| KPI | Values |
| ROE: | (32.90%) |
| ROCE: | (20.45%) |
| EBITDA Margin: | (7.72%) |
| PAT Margin: | (22.79%) |
| Debt to equity ratio: | 0.38 |
| Earning Per Share (EPS): | ₹(5.58) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (31.29%) |
| Net Asset Value (NAV): | ₹17.84 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jubilant FoodWorks Limited | 3.41 | 209.09 | 9.95% | 33.08 | 8,217.07 Cr. |
| Devyani International Limited | 0.08 | 2,152.63 | (0.49%) | 11.62 | 4,988.04 Cr. |
| Sapphire Foods India Limited | 0.60 | 547.75 | 1.20% | 43.47 | 2,919.08 Cr. |
| Westlife Foodworld Limited | 0.78 | 961.22 | 2.01% | 38.70 | 2,515.67 Cr. |
| Eternal Limited | 0.60 | 446.31 | 1.74% | 31.41 | 21,320.00 Cr. |
| Swiggy Limited | (13.72) | NA | (30.50%) | 40.98 | 15,622.93 Cr. |
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹800 Crores |
| Offer for Sale: | Approx 48,537,599 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| DRHP Draft Prospectus: | |
| RHP Draft Prospectus: |