Curefoods IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 411.55 | 635.09 | 775.49 |
| Expense | 754.28 | 806.88 | 944.18 |
| Profit (PAT) | 342.73 | 172.61 | 169.97 |
| Total Assets | 952.53 | 866.15 | 1,042.71 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Jubilant FoodWorks Limited | 209.09 | 3.41 | 10 |
| Devyani International Limited | 2,152.63 | 0.08 | 0 |
| Sapphire Foods India Limited | 547.75 | 0.60 | 1 |
| Westlife Foodworld Limited | 961.22 | 0.78 | 2 |
| Eternal Limited | 446.31 | 0.60 | 2 |
| Swiggy Limited | - | -13.72 | -31 |
Promoters: Ankit Nagori
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 9,54,38,319 | 83.43% |
Company Information
Curefoods is one of the famous companies in the case of an food services, providing varied cuisines along with the different tastes and dietary needs. A company, due to internet driven, every facilities and information is at someone’s fingertips. The company utiliseed quality foods by focusing on standards materials by which foods safety and quality of foods could be maintained. Their operations run smoothly with well-planned kitchens and restaurants, an efficient supply chain, and smart hiring of staff. Keep adding new brands and launch new products under existing brands, Focus on Expedited Delivery Channels, Expand Presence in Existing Markets are the company’s strengths.
| Purpose | Amount (Cr) |
|---|---|
| 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 |
| Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 126.93 |
| Expenditure towards lease payments for existing properties of our Company, in India | 40.00 |
| 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 |
| Investment in our Subsidiary, Cakezone Foodtech Private Limited for: (i) acquisition of additional shareholding; and (ii) sales and marketing initiatives | 11.35 |
| 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 |
| 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 |
| Expenditure towards sales and marketing initiatives by our Company | 14.00 |
| Funding inorganic growth through unidentified acquisitions and strategic initiatives and general corporate purposes | - |
Resources & Documents
Curefoods India Limited, No. 72/4, Roopena Agrahara,, Hosur Road, Madiwala Post,, Bengaluru 560 068,, Karnataka, India
Curefoods is preparing a sme offering. The SME issue is in the upcoming pipeline with dates yet to be finalised.
Curefoods is one of the famous companies in the case of an food services, providing varied cuisines along with the different tastes and dietary needs. A company, due to internet driven, every facilities and information is at someone’s fingertips.
The issue is promoted by Ankit Nagori with JM Financial Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited acting as lead manager. Net proceeds will primarily be used towards Expenditure by our Company towards: (i) setting up of new cloud kitchens, restaurants, kiosks and Krispy Kreme Theatres;… (Rs 153 crore) and Repayment/pre-payment, in full or part, of certain borrowings availed by our Company (Rs 127 crore).
On fundamentals, the company is posting revenue growth of 22.1%, a profit margin of 21.9%, return on equity of -32.9% in its most recent reported period. Listed peers in this segment include Jubilant FoodWorks Limited (P/E 209.09x, market cap Rs 10 crore) and Westlife Foodworld Limited (P/E 961.22x, market cap Rs 2 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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