Curefoods IPO will open in 2025 and close in 2025. The Curefoods IPO is a Book Build Issue, and the company aims to raise around ₹ crores. The issue includes a fresh issue of ₹800 crores and an offer for sale of up to 48,537,599 equity shares with a face value of ₹1 each.
The Curefoods IPO price band will be ₹ to ₹ per share. The IPO will list on both NSE and BSE, and the allotment is scheduled for 2025. Investors have shown interest in the company due to its growing scale, better revenue growth, and stable brand portfolio in the food services market. However, losses continue, so the IPO may be suitable for those looking at a long-term horizon.
Contents
Curefoods IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹ to ₹ per share |
| Issue Size | Approx ₹ crores |
| Fresh Issue | Approx ₹800 crores |
| Offer for Sale | Approx 48,537,599 equity shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE & NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Curefoods IPO Review
Curefoods has built a strong presence in cloud kitchens and multi-brand food services. The company has improved revenue from ₹635.09 crores in 2024 to ₹775.49 crores in 2025. Losses have narrowed slightly, showing operational progress.
The company continues to expand branded kitchens, strengthen supply chains, and invest in technology. Investors may consider the IPO for long-term potential as profitability is still evolving.
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Curefoods IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | – | – | ₹ |
| Retail Maximum | – | – | ₹ |
| S-HNI Minimum | – | – | ₹ |
| S-HNI Maximum | – | – | ₹ |
| B-HNI Minimum | – | – | ₹ |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | –% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Curefoods IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | Shares |
| Anchor Size | Cr. |
| Lock-in period end date 50% shares (30 Days) | 2025 |
| Lock-in period end date 50% shares (90 Days) | 2025 |
Curefoods IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Basis of Allotment | 2025 |
| Refunds | 2025 |
| Credit to Demat Account | 2025 |
| IPO Listing Date | 2025 |
| IPO Bidding Cut-off Time | 2025 – 5 PM |
Promoters and Holding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 9,54,38,319 | 83.43% |
| Promoter Holding Post Issue | – | –% |
Objects of the Issue
The funds raised from the IPO will be used for expanding Curefoods’ operational footprint, including establishing new cloud kitchens, restaurants, kiosks, and Krispy Kreme theatres. A portion will go toward upgrading existing kitchens by adding new brands and purchasing machinery and equipment.
The company will use a part of the proceeds to repay or pre-pay certain borrowings, pay lease rentals for its current properties, and invest in its subsidiaries such as Fan Hospitality Services and Cakezone Foodtech for central kitchen expansion, sales, and marketing initiatives.
Additional funds will support the acquisition of more shareholding in subsidiaries including Millet Express Foods, Munchbox Frozen Foods, and Yum Plum. Further, the company aims to allocate funds for deferred consideration payments, brand promotions, inorganic acquisitions, strategic growth initiatives, and general corporate purposes.
About Curefoods
Curefoods is a fast-growing cloud kitchen operator offering multi-cuisine experiences across various customer segments. The company focuses on consistent food quality, standardised cooking processes, and efficient supply chain operations.
With strong brand additions, new product launches, and expansion across cities, Curefoods continues to strengthen its presence in India’s food services industry.
The company’s growth strategy includes investing in speedy delivery channels, expanding kitchen networks, and improving customer experience with technology-driven solutions.
Curefoods IPO Company Financial Report (Amount ₹ in Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹411.55 | ₹754.28 | ₹342.73 | ₹952.53 |
| 2024 | ₹635.09 | ₹806.88 | ₹172.61 | ₹866.15 |
| 2025 | ₹775.49 | ₹944.18 | ₹169.97 | ₹1,042.71 |
Curefoods IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | (32.90%) |
| ROCE | (20.45%) |
| EBITDA Margin | (7.72%) |
| PAT Margin | (22.79%) |
| Debt to Equity Ratio | 0.38 |
| Earning Per Share (EPS) | ₹(5.58) (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | (31.29%) |
| Net Asset Value (NAV) | ₹17.84 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Jubilant FoodWorks Limited | 3.41 | 209.09 | 9.95% | 33.08 | 8,217.07 Cr. |
| Devyani International Limited | 0.08 | 2,152.63 | (0.49%) | 11.62 | 4,988.04 Cr. |
| Sapphire Foods India Limited | 0.60 | 547.75 | 1.20% | 43.47 | 2,919.08 Cr. |
| Westlife Foodworld Limited | 0.78 | 961.22 | 2.01% | 38.70 | 2,515.67 Cr. |
| Eternal Limited | 0.60 | 446.31 | 1.74% | 31.41 | 21,320.00 Cr. |
| Swiggy Limited | (13.72) | NA | (30.50%) | 40.98 | 15,622.93 Cr. |
IPO Lead Managers
JM Financial Limited
IIFL Capital Services Limited
Nuvama Wealth Management Limited
Company Address
Curefoods India Limited
No. 72/4, Roopena Agrahara,
Hosur Road, Madiwala Post,
Bengaluru 560 068, Karnataka, India
Phone: +91 63647 08916
E-mail: secretarial@curefoods.in
Website: https://www.curefoods.in/
Curefoods IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: curefoods.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Curefoods IPO FAQs
What is Curefoods IPO?
Curefoods IPO is a Mainboard IPO. The company plans to raise ₹ crores via this offer. The price band will be ₹ to ₹ per equity share, and the shares will list on NSE and BSE.
When will Curefoods IPO open for subscription?
The IPO will open in 2025 for QIB, NII, and retail investors and will close in 2025.
What is Curefoods IPO investors’ portion?
The QIB portion is 75%, NII is 15%, and retail investors have 10%.
How can investors apply for the Curefoods IPO?
You can apply online via ASBA through your bank or UPI-enabled stockbrokers. Offline applications can be submitted through registered brokers.
What is the Curefoods IPO issue size?
The issue size is approximately ₹ crores.
What is the Curefoods IPO price band?
The price band is ₹ to ₹ per share.
What is the Curefoods IPO lot size?
The minimum bid is shares worth ₹ .
What is the Curefoods IPO allotment date?
The allotment is scheduled for 2025.
What is the Curefoods IPO listing date?
The IPO will list in 2025 on NSE and BSE.
Expert Comment
Curefoods has emerged as a strong player in India’s cloud kitchen and multi-brand food service ecosystem. The company has demonstrated solid revenue growth and continues to strengthen its backend operations, supply chain, and brand portfolio.
Although losses persist, the improving financial trajectory and expansion strategy provide long-term growth potential. Investors with patience and a long-term view may consider evaluating this IPO closely once the final pricing and market conditions are available.
