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Curefoods Ipo


Objects of the Issue

  • Expenditure by our Company towards: (i) setting up of new cloud kitchens, restaurants, kiosks and central kitchens under the Krispy Kreme brand (“Krispy Kreme Theatres”); (ii) expansion of certain existing cloud kitchens by way of brand addition; and (iii) purchase of machinery and equipment.

  • Repayment/pre-payment, in full or part, of certain borrowings availed by our Company;

  • Expenditure towards lease payments for existing properties of our Company, in India;

  • 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;

  • Investment in our Subsidiary, Cakezone Foodtech Private Limited for: (i) acquisition of additional shareholding; and (ii) sales and marketing initiatives;

  • 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;

  • 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;

  • Expenditure towards sales and marketing initiatives by our Company; and

  • Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes.

Curefoods IPO Review

  • Canara Bank –

  • DRChoksey FinServ –

  • Emkay Global –

  • Hem Securities –

  • IDBI Capital –

  • Marwadi Shares –

  • Nirmal Bang –

  • SBICAP Securities –

  • Sharekhan –

  • SMC Global –

  • Sushil Finance –

  • Swastika Investmart –

  • Ventura Securities –

  • Geojit –

  • Reliance Securities –

  • Capital Market –

  • BP Wealth –

  • ICICIdirect –

  • Choice Broking –

IPO Lead Managers aka Merchant Bankers

  • JM Financial Limited

  • IIFL Capital Services Limited

  • Nuvama Wealth Management Limited

Application Lot Size Shares Amount
Retail Minimum 1 ₹-
Retail Maximum 13 ₹-
S-HNI Minimum 14 ₹-
B-HNI Minimum 68 ₹-

IPO Open Date: 2025
IPO Close Date: 2025
Basis of Allotment: 2025
Refunds: 2025
Credit to Demat Account: 2025
IPO Listing Date: 2025

Period Ended Revenue Expense Profit After Tax 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
Retail Quota: Not more than 10%
QIB Quota: Not more than 75%
NII Quota: Not more than 15%
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RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

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