India’s food and beverage (F&B) and hospitality sector is preparing for a major wave of initial public offerings (IPOs) worth nearly ₹9,000 crore, with around a dozen companies expected to hit the markets in the coming months. The upcoming listings reflect rising consumption demand, growing investor confidence, and increasing interest in a fragmented yet fast-evolving sector marked by strong regional loyalties and a significant unorganized segment.
Data shows that Milky Mist Dairy Food, known for its diverse range of milk products and ice creams, plans a ₹2,035-crore IPO, including a ₹1,785-crore fresh issue and an offer for sale (OFS) worth ₹250 crore. Similarly, Prestige Hospitality Ventures, which operates premium hotels and restaurants, aims to raise ₹2,700 crore, with a ₹1,700-crore fresh issue and a ₹1,000-crore OFS.
According to Amit Ramchandani, Managing Director and CEO of Motilal Oswal Investment Advisors, the growing appetite for F&B IPOs underscores investors’ faith in India’s consumption-driven growth story. He noted that such companies offer a unique combination of growth potential and defensive stability, making them highly appealing to public markets.
Among the first to debut are Foodlink (F&B) Holdings India and Curefoods India. Foodlink, a luxury catering company, plans to raise about ₹160 crore through a fresh issue and an OFS of 11.9 million shares. Meanwhile, Curefoods India—the operator of EatFit, Frozen Bottle, and CakeZone—is targeting ₹800 crore via a combination of a fresh issue and an OFS of 48.5 million shares.
In the packaged seafood space, Infifresh (formerly Captain Fresh) is preparing for a ₹1,700-crore IPO, while Orkla India, the parent company of MTR Foods, is planning a ₹5,000-crore listing.
Several other firms are awaiting regulatory approval. Cremica Foods plans to raise ₹800–1,000 crore, while Haldiram Snacks Food will soon file draft papers for a ₹5,000-crore IPO. Additionally, HyFun Foods is preparing to file its Draft Red Herring Prospectus (DRHP) in the near future.
Industry experts believe that current market conditions are favorable for these listings due to buoyant equities and strong investor appetite for companies combining steady cash flows with long-term growth potential. Analysts also noted that players are increasingly leveraging technology, expanding distribution networks, and enhancing brand portfolios to align with evolving consumer preferences.
Experts highlighted that India’s F&B sector is poised for robust growth, supported by the rising middle class, urbanization, and higher disposable incomes. As consumer lifestyles shift toward convenience, eating out, and premium experiences, F&B companies are forecasting strong revenue and margin expansion.
Moreover, as organized players continue to gain market share from the unorganized segment, many are turning to public markets to fund expansion, reduce debt, and strengthen their balance sheets. The sector’s expanding IPO pipeline clearly signals investor enthusiasm for India’s fast-growing consumption-led economy.
