Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Curefoods India Ltd. on October 24, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Curefoods India Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹800.00 crores and an offer for sale (OFS) of upto 4.85 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Curefoods IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹800 Cr) |
| Offer for Sale | 4,85,37,599 shares of ₹1 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 9,54,38,319 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jul 1, 2025 |
| SEBI/Exchange approval received | Fri, Oct 24, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
Curefoods is a rapidly growing cloud kitchen and food-tech company based in India, focused on building and scaling a portfolio of popular food brands across multiple cuisines. Curefoods aims to revolutionize how Indians consume food by leveraging technology, data, and kitchen infrastructure to deliver high-quality, hygienic meals through online delivery platforms.
The company owns and operates several food brands across categories like North Indian, South Indian, Biryani, Healthy Meals, and Desserts. Some of the brands owned are EatFit ,healthy meals), Sharief Bhai, Arambam, Krispy Kreme, Nomad Pizza, and Cakezone.
As of March 31, 2025, it has 502 service locations across 70 cities and towns, with five central kitchens, 281 cloud kitchens, 99 kiosks, 122 restaurants and 13 warehouses. The company primarily sells through online food delivery platforms like Swiggy, Zomato, and its own direct-to-consumer (D2C) channels.
Curefoods uses data analytics, AI, and proprietary tech platforms for demand forecasting, supply chain optimization, and customer experience enhancement.
Curefoods India Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,042.71 | 866.15 | 952.53 |
| Total Income | 775.49 | 635.09 | 411.55 |
| Profit After Tax | -169.97 | -172.61 | -342.73 |
| EBITDA | -57.59 | -82.77 | -275.67 |
| NET Worth | 510.17 | 454.69 | 555.10 |
| Reserves and Surplus | 510.13 | 454.66 | 555.07 |
| Total Borrowing | 195.88 | 124.11 | 131.18 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 126.93 |
| 3 | Expenditure towards lease payments for existing properties of our Company, in India | 40.00 |
| 4 | 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 |
| 5 | Investment in our Subsidiary, Cakezone Foodtech Private Limited for: (i) acquisition of additional shareholding; and (ii) sales and marketing initiatives | 11.35 |
| 6 | 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 |
| 7 | 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 |
| 8 | Expenditure towards sales and marketing initiatives by our Company | 14.00 |
| 9 | Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | -32.90% |
| ROCE | -20.45% |
| Debt/Equity | 0.38 |
| RoNW | -31.29% |
| PAT Margin | -22.79% |
| EBITDA Margin | -7.72% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 83.43% |
Curefoods IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Curefoods IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Curefoods IPO using UPI as a payment gateway. Zerodha customers can apply in Curefoods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Curefoods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Curefoods IPO dates are not announced. Please check back again after some time.
Curefoods IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Curefoods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Curefoods IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Curefoods IPO allotment status.
The Curefoods IPO listing date is not yet announced. The tentative date of listing is .
