Functional & Innovative Foods files DRHP with Sebi for IPO

Functional & Innovative Foods, an integrated food contract manufacturing company offering a diversified product portfolio, has filed its Draft Red Herring Prospectus with Sebi in preparation for its Initial Public Offering (IPO).

The IPO will comprise up to 8,500,000 equity shares with a face value of Rs 10 each, consisting of a fresh issue of up to 6,000,000 equity shares and an offer for sale of up to 2,500,000 equity shares.

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Beeline Capital Advisors Private Limited is the book-running lead manager to the issue, while KFin Technologies Limited is the registrar.

The company’s objective is to funding capital expenditure for the setting up of Unit-V at Namakkal, Tamil Nadu, funding capital expenditure for the setting up of Unit-VI at Dhar, Madhya Pradesh, pre-payment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our company, investment in its wholly owned subsidiary, Christy Quality Foods (India) Private in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such subsidiary, funding long-term working capital requirement, and for general corporate purposes.

For the period ended March 31, 2025, the company reported Revenue of Rs 2,601.17 million, EBITDA of Rs 338.29 million & PAT of Rs 232.22 million.

For the nine-month period ended December 31, 2025, the company reported revenue of Rs 2,324.43 million, EBITDA of Rs 369.66 million and PAT of Rs 256.08 million.

Functional & Innovative Foods is an integrated food contract manufacturing company offering a diversified product portfolio to businesses ranging from emerging brands to multinational FMCG companies, with a focus on quality and food safety.

It primarily operates through private label and full-service contract manufacturing arrangements, providing end-to-end product development and manufacturing solutions across Ready-to-Eat (RTE), Ready-to-Cook (RTC), staples, sugar alternatives, spices and other allied FMCG products.

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Its manufacturing operations are supported by four manufacturing units comprising nine facilities in Tamil Nadu, equipped with automated systems across material handling, processing and packaging. The company primarily operates on a B2B model, serving a diversified customer base across India and international markets.

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