Functional & Innovative Foods files DRHP with SEBI to raise funds via IPO
Awaiting price reaction for this filing.
Functional and Innovative Foods Limited has filed a DRHP with SEBI for an IPO comprising up to 85 lakh equity shares, including a fresh issue of up to 60 lakh shares and an offer for sale of up to 25 lakh shares at a face value of around ₹10 each. Net proceeds from the fresh issue will fund capex for two new manufacturing facilities in Namakkal (Tamil Nadu) and Dhar (Madhya Pradesh), debt repayment, subsidiary investment, and working capital needs. For FY25, the company reported revenue of about ₹2,601.17 million, EBITDA of ₹338.29 million, and PAT of ₹232.22 million, while for the nine months ended December 31, 2025, it posted revenue of ₹2,324.43 million, EBITDA of ₹369.66 million, and PAT of ₹256.08 million.