Neufresh Foods Ltd. IPO (Neufresh Foods IPO) Detail

Established in February 2011, Neufresh Foods Limited is a manufacturer and exporter of frozen food products, including fruits, vegetables, parathas, canned foods, and pulps. Their brands include: i-Freeze, Snacky's, and Solitaire's Shagun.

The company caters to a wide range of business channels, including quick-service restaurants, hotels, full-service restaurants, transportation, healthcare, catering contractors, and food service wholesalers.

Neufresh Foods offers a wide range of products, including:

1. Frozen Fruits & Vegetables: Mango, strawberry, green peas, sweet corn, and mixed vegetables.
2. Frozen Parathas & Snacks: A variety of Indian-style parathas and ready-to-eat snacks.
3. Canned Foods: Processed fruits and vegetables for extended shelf life.
4. Pulps & Concentrates: Mango pulp, tomato puree, and other fruit-based concentrates for industrial and retail use.

The company is an integrated frozen food processor serving QSRs, CDRs, industrial caterers, and the HoReCa segment while also entering modern trade, general trade, and e-commerce markets.

The Company is actively involved in the direct export of frozen food products to various international markets, including Mauritius and Nepal. Additionally, It engage in indirect export through partnerships with third-party customers.

All products are made at the company's facility in Kashipur, Uttarakhand, covering 0.8094 hectares, ensuring effective oversight and consistent quality.

The company sells its products through a network that includes mid-segment and standalone QSR brands, industrial caterers, and HORECA customers.

As of December 2024, the company had 16 employees on its payroll.

Competitive Strength:

• Strong Supply Chain and Input Sourcing for Industrial Catering, Quick Service Restaurants (QSR), Casual Dining Restaurants (CDR) and Other Outdoor Dining Options in India.
• Strong entry barriers exist in the industry in which the company operates.
• Timely Supply of Quality Products Repeatedly is Key for QSR, CDR, Industrial Catering and Other Outdoor Dining Options in India.
• Broad Vendor Base is a Key Moat developed over the years with focused efforts.
• In-house Manufacturing Plant Layout & Design Capability as per the GFSI-approved global food safety standards.
• Quality Compliance, Control and Quality Standards.
• Experienced Promoter & Management Team who have recently increased their shareholding.
• Senior Management has extensive experience and a deep understanding of our business.
• Robust financial performance.