Foodlink F&B Holdings, a prominent player in catering and food retail, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO).
The IPO comprises a fresh issue of equity shares worth up to INR 160 crore and an Offer for Sale (OFS) of over 1.19 crore shares by promoters and existing investors. Prominent stakeholders, including Ankita Chugh, Trans Global Hotels LLP, and Sanjay Manohar Vazirani, will divest their stakes under the OFS component. Other notable investors, such as V’Ocean Investments, Aarin Capital Partners, and Welspun Group Master Trust, will also participate in the sale.
The company plans to utilise proceeds from the fresh issue for expanding operations, including establishing two centralised kitchens and four casual dining restaurants under its subsidiary, Foodlink Global Restaurants & Catering Services. Additionally, funds will address debt repayment and corporate purposes.
Foodlink F&B may conduct a pre-IPO placement to raise INR 32 crore, which would adjust the fresh issue size accordingly. Shares will be listed on both the BSE and NSE, further strengthening the company’s growth trajectory in the F&B sector.
