The interest of investors in food-drink and hotel-restaurant related business is continuously increasing in India. More than a dozen food and beverage (F&B) and hospitality companies are preparing to launch IPOs worth ₹9,000 crore in the coming months. It is being said that the main reason for this is the increasing consumption demand in the country and the rapid changes taking place in this sector.
Milky Mist and Prestige Hospitality at the forefront
The biggest IPO in this wave is going to be launched by Milky Mist Dairy Food, which is known for products like milk, curd and ice cream. The company plans to raise ₹2,035 crore, which includes a fresh share issue of ₹1,785 crore and an offer for sale of ₹250 crore.
Similarly, Prestige Hospitality Ventures, which runs a chain of premium hotels, is also going to launch a big IPO of ₹ 2,700 crore. This includes ₹1,700 crore new shares and ₹1,000 crore offer for sale. Both the companies are giving investors an opportunity to participate in such a business, where there is constant demand and good profits are also available.
Small companies also in the field
Apart from big companies, many medium and small companies are also preparing to raise funds. Among these, Foodlink, which has made a name for itself in luxury catering, will bring an IPO of about ₹ 160 crore. At the same time, Curefoods India, which runs cloud kitchen brands like Eatfit, Cakezone and Frozen Bottles, is planning to raise about ₹ 800 crore. Along with this, Infifresh (earlier Captain Fresh), working in the packaged seafood business, will also bring an IPO of ₹ 1,700 crore.
Haldiram and Cremica can also bring IPO
Two well-known companies in the food sector, Haldiram Snacks Foods and Cremica Foods can also join the IPO race. While Haldiram is planning to raise ₹5,000 crore, Cremica is looking to raise funds between ₹800 and ₹1,000 crore. Apart from this, MTR Foods’ parent company Orkla India is also planning to launch an IPO of ₹5,000 crore.
Why is it the right time to launch an IPO?
Experts believe that at present there is a good environment in the stock market. Investors are interested in companies that are earning consistently and have the potential to grow. Companies in the F&B sector are now using technology, expanding their distribution network and attracting consumers through new brands.