Foodlink F&B Holdings (India) IPO

About Foodlink F&B Holdings (India) IPO

Foodlink F&B Holdings (India) IPO comprises a fresh issue and an offer for sale. The fresh issue comprises equity shares aggregating up to ₹160 crores. The offer for sale comprises up to 11,953,535 equity shares. The lot size of shares in the IPO is TBA and the price band of shares is TBA.

Foodlink F&B Holdings (India) IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the Demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The minimum investment amount required by a retail investor is TBA based on the upper price. The minimum lot for retail investors is TBA.

Foodlink F&B Holdings (India) is a global luxury food services business focused on providing curated culinary experiences driven by innovation. As per the F&S Report, it was India’s largest organised, ultra-luxury and luxury catering company in terms of fiscal 2024 revenue amongst its peers in India.

Objectives of Foodlink F&B Holdings (India) IPO

The company proposes to utilise the IPO proceeds for:

• Funding of capital expenditure towards setting up two new centralised kitchens
• Investment in Foodlink Global Restaurants & Catering Services LLC, its material subsidiary
• Funding capital expenditure towards setting up four new casual dining restaurants
• Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings
• General corporate purposes

Industry Outlook

The global food service and catering market continue to demonstrate robust growth, driven by evolving consumer preferences, technological advancements, and a shift towards more sustainable practices. The market's size has risen significantly, from USD 2494.10 billion in CY2021 to USD 3046.06 billion in CY2023, with projections estimating a market value of USD 4320.99 billion by 2028.

On the other hand, the Indian foodservices industry has demonstrated a remarkable evolution over the last five years. The market is estimated to grow from ₹7582.90 billion in FY 24 to ₹10711.91 billion FY 28. This steady recovery highlights the resilience of the sector, driven by urbanisation, evolving consumer lifestyles, and a visible shift towards convenience and experimentation in eating habits.

Foodlink F&B Holdings (India) Company Information

Foodlink F&B Holdings (India) is a global luxury food services business focused on providing curated culinary experiences driven by innovation. As per the F&S Report, it was India’s largest organised, ultra-luxury and luxury catering company in terms of fiscal 2024 revenue amongst its peers in India. With its premium quality, curated menus, and regional customisation, it has become a brand in the luxury catering sector, trusted by India’s wealthiest families and top corporates.

Strengths of Foodlink F&B Holdings (India)

• India’s largest organised, ultra-luxury and luxury catering company in terms of fiscal 2024 revenue amongst its peers in India
• Ability to deliver innovative and quality experiences leading to diversified portfolio of marquee customers
• Strategically located centralised kitchens with streamlined supply chain and well-established processes
• Diversified geographical presence
• Experienced promoter and professional management team with domain knowledge

Risks of Foodlink F&B Holdings (India)

• Loss or decline in the demand for catering for events may result in an adverse effect on business
• Business is exposed to real and perceived health and safety concerns
• Failure to achieve or maintain profitability may restrict cash flows and impair the company’s ability to raise capital and expand business
• Failure to obtain, maintain or renew statutory and regulatory licenses, permits and approvals required may adversely affect business
• Inability to protect intellectual property and technical know-how against third party infringement or breaches of confidentiality may materially affect business
• Any negative publicity, which may lead to the dilution of brand and goodwill could adversely affect results of operations
• Inability to identify and obtain suitable locations for opening new banquets, casual dining restaurants or cloud kitchens may result in lower footfalls
• Business may be adversely affected if competitors successfully imitate culinary techniques and presentation methods
• Any disruption, breakdown or shutdown of all its centralised kitchens may have a material adverse effect on business
• Inability to acquire quality raw materials, ingredients or other necessary supplies in a timely manner may adversely affect operations

Peer Comparison

There are no listed companies in India or globally which operate in a similar business model as Foodlink F&B Holdings (India).

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Managers

• IPO Registrar: MUFG Intime India
• Book Running Lead Managers: Equirus Capital and JM Financial

Foodlink F&B Holdings (India) Business Model

The integrated business model of Foodlink F&B Holdings (India) comprises three distinct yet complementary businesses of:

• Events catering
  
• Casual dining restaurants & cloud kitchens
  
• Banquets and integrated F&B services
  

Foodlink F&B Holdings (India) Growth Trajectory

The revenue from operations of Foodlink F&B Holdings (India) grew from ₹130.177 crores in FY 22 to ₹377.193 crores in FY 24. Its EBITDA margin increased from 3.63% in FY 22 to 8.12% in FY 24. Diversified geographical presence and an experienced promoter and professional management team with domain knowledge have helped the company grow over the years.

Foodlink F&B Holdings (India) Market Position

As of December 31, 2024, Foodlink F&B Holdings (India) had operations in India and the United Arab Emirates. It has catered for events in countries including Switzerland, Turkey, Italy, Spain, United Arab Emirates, France, Oman, Qatar, Egypt, Jordan, Maldives, Thailand and Nigeria.

How to Apply for Foodlink F&B Holdings (India) IPO?

• Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.