Curefoods IPO
Curefoods India Limited
Curefoods IPO Details
Curefoods Limited is launching an IPO comprising a Fresh Issue of up to Rs 8,000 million and an Offer for Sale (OFS) of up to 48,537,599 equity shares of face value Re 1 each by multiple investor and promoter selling shareholders.
The IPO is being conducted under Regulation 6(2) of the SEBI ICDR Regulations, as the company does not fulfill the eligibility criteria under Regulation 6(1)(a) and (b).
Major selling shareholders include Iron Pillar PCC, Chiratae Ventures, Global eCommerce Fund, Accel India, and Curefit Healthcare, with weighted average acquisition costs ranging from Rs 28.55 to Rs 89.50 per share.
The issue includes a potential Pre-IPO Placement of up to Rs 1,600 million, which, if completed, will reduce the size of the fresh issue proportionately.
Curefoods IPO Strengths
- Strong Backing from Prominent Investors: Supported by reputed VCs such as Iron Pillar, Accel, Chiratae Ventures, and Curefit, indicating institutional confidence in the business model.
- Asset-Light Cloud Kitchen Model: Operates primarily via cloud kitchens, enabling rapid expansion without the high capex of traditional restaurant chains.
- Well-Known Brand Portfolio: Owns and operates recognizable and fast-growing digital food brands in India’s QSR (Quick Service Restaurant) and delivery segments.
- The company leverages data and tech platforms to optimize supply chain, reduce wastage, and drive customer acquisition efficiently.
Curefoods IPO Weaknesses
- The company is currently incurring losses, which may raise concerns among retail investors looking for profitability visibility.
- Operates in a crowded food delivery and cloud kitchen space, competing with Swiggy, Zomato, Rebel Foods, and traditional QSR players.
- A significant portion of revenue is dependent on aggregators like Swiggy and Zomato, making the company vulnerable to their policies and commissions.
- The company is filing under SEBI Regulation 6(2), indicating it doesn’t meet profit/asset criteria under 6(1), which may reduce confidence.
- Some early investors hold shares at very low acquisition costs (e.g., Rs 28–89), raising concerns about listing gains being skewed in favor of these investors.
Curefoods Revenue & Profit
4.12 | -1.70 |
6.35 | -1.73 |
7.75 | -3.43 |
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8
6
4
2
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Curefoods IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Curefoods IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Curefoods IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Curefoods IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Curefoods IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Curefoods India Limited IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Curefoods India Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.