Functional & Innovative Foods Ltd.
NSE & BSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 2,601.17 | 1,614.27 | |
| 6.48 | 7.13 | |
| 2,607.65 | 1,621.4 | |
| 2,260.33 | 1,405.34 | |
| 300.22 | 173.51 | |
| 232.2 | 137.58 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital expenditure for the setting up of Unit-V | 173.83 |
| 2 | Funding capital expenditure for the setting up of Unit-VI | 196.4 |
| 3 | Pre-payment or scheduled re-payment, in full or in part, of all or a portion of certain | 200 |
| 4 | Investment in its wholly owned Subsidiary, Christy Quality Foods (India) Private Limited | 100 |
| 5 | Funding long-term working capital requirement of our Company | 150 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
99.93%
Promoter stake
IPO Registrar
KFIN Technologies Ltd.
About the Company
We are an integrated food contract manufacturing company offering a diversified product portfolio to businesses of varyingscales, from emerging brands to multi-national Fast Moving Consumer Goods (FMCG) companies with a focus on qualityand food safety. We are one of the fastest growing food manufacturing companies among the Selected Peers in terms ofrevenue, having grown at a CAGR of 50.21% from Fiscal 2023 to Fiscal 2025. (Source: D&B Report) Our operations areprimarily undertaken through private label manufacturing arrangements, under which we manufacture and package foodproducts marketed under our customers’ brands and offer a portfolio of ready formulations with customized options relatingto packaging design, pack size and flavour adjustments.
Use of Proceeds
1. Funding capital expenditure for the setting up of new manufacturing unit at Namakkal, Tamil Nadu (Proposed Unit- V) for sprouted and fortified products.2. Funding capital expenditure for the setting up of new manufacturing unit at Dhar, Madhya Pradesh for manufacturing of existing product portfolio of our company (Proposed Unit-VI, together with Proposed Unit-V, ‘Proposed Units).3. Pre-payment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company.4. Investment in its wholly owned Subsidiary, Christy Quality Foods (India) Private Limited (“CQFIPL”) 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.5. Funding long-term working capital requirement of our Company.6. General Corporate Purposes.
Functional & Innovative Foods Ltd. Latest News
News
Functional & Innovative Foods obtains SEBI approval to raise funds through IPO
The company’s proposed IPO is a combination of a fresh issue of up to 60 lakh equity shares and an OFS of up to 25 lakh equity shares by promoter
Functional & Innovative Foods files DRHP with SEBI to raise funds via IPO
The proposed IPO is a combination of a fresh issue of 60 lakh equity shares and an OFS of 25 lakh shares by a promoter
IPO FAQs
The for the Functional & Innovative Foods Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
KFIN Technologies Ltd. is the for the Functional & Innovative Foods Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Functional & Innovative Foods Ltd. IPO shares are proposed to be listed on BSE and NSE.
Each Functional & Innovative Foods Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 99.93% of Functional & Innovative Foods Ltd. before the IPO.
- 1.Funding capital expenditure for the setting up of new manufacturing unit at Namakkal, Tamil Nadu (Proposed Unit- V) for sprouted and fortified products
- 2.Funding capital expenditure for the setting up of new manufacturing unit at Dhar, Madhya Pradesh for manufacturing of existing product portfolio of our company (Proposed Unit-VI, together with Proposed Unit-V, ‘Proposed Units)
- 3.Pre-payment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
- 4.Investment in its wholly owned Subsidiary, Christy Quality Foods (India) Private Limited (“CQFIPL”) 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
- 5.Funding long-term working capital requirement of our Company
- 6.General Corporate Purposes
Beeline Capital Advisors Pvt Ltd. is the book running lead manager for the Functional & Innovative Foods Ltd. IPO.
Pre-apply means placing your Functional & Innovative Foods Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Functional & Innovative Foods Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Functional & Innovative Foods Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.