Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Functional & Innovative Foods Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 30, 2026 to raise funds through Initial Public Offer (IPO).
Functional & Innovative Foods Ltd. IPO is a Book Build Issue of 0.85 crore equity shares consisting of a fresh issue of upto 0.60 crore equity shares and an offer for sale (OFS) of upto 0.25 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Functional & Innovative IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 85,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 60,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 25,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,86,90,720 shares |
| Share Holding Post Issue | 2,46,90,720 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Functional & Innovative Foods Ltd. is a food processing company engaged in the manufacturing, processing, and marketing of a wide range of food products.
The company focuses on delivering high-quality, value-added food solutions that cater to changing consumer preferences for convenience, nutrition, and taste. Its product portfolio includes processed foods, ready-to-eat and ready-to-cook products, ingredients, and other innovative food offerings for domestic and international markets.
The company operates with an emphasis on quality assurance, food safety, and innovation throughout its manufacturing processes. By leveraging modern production facilities, research and development capabilities, and efficient supply chain management, Functional & Innovative Foods Ltd. aims to develop products that meet evolving consumer demands while adhering to industry standards and regulatory requirements.
As on December 31, 2025, the product portfolio comprised more than 25 product offerings with more than 700 Stock Keeping Units (SKUs). The operations are carried out through four (4) manufacturing units comprising nine (9) facilities located in the State of Tamil Nadu.
Competitive Strengths:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 163.17 | 98.46 | 86.29 | 58.45 |
| Total Income | 232.90 | 260.76 | 162.02 | 115.57 |
| Profit After Tax | 25.61 | 23.22 | 13.76 | 3.22 |
| EBITDA | 37.42 | 34.47 | 21.46 | 7.17 |
| NET Worth | 71.44 | 27.55 | 26.72 | 12.94 |
| Reserves and Surplus | 52.74 | 27.53 | 26.70 | 12.92 |
| Total Borrowing | 40.41 | 34.40 | 29.64 | 22.77 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Orkla India Ltd. | Mainboard | ₹1,667.54 Cr | ₹730 | 39.11 | ₹713.65 | -2.24% | ₹618.90 (+2.92%) |
| Elfin Agro India Ltd. | SME | ₹25.03 Cr | ₹47 | 13.05 | ₹47.60 | +1.28% | ₹73.20 (+1.67%) |
| Shyam Dhani Industries Ltd. | SME | ₹38.49 Cr | ₹70 | 13.19 | ₹139.65 | +99.50% | ₹63.00 (+1.04%) |
| Pajson Agro India Ltd. | SME | ₹74.45 Cr | ₹118 | 10.11 | ₹130.20 | +10.34% | ₹180.00 (+0.56%) |
| Mother Nutri Foods Ltd. | SME | ₹39.59 Cr | ₹117 | 17.78 | ₹124.30 | +6.24% | ₹158.90 (+5.23%) |
| Rukmani Devi Garg Agro Impex Ltd. | SME | ₹23.52 Cr | ₹99 | 8.5 | ₹77.13 | -22.09% | ₹102.65 (-3.57%) |
| Gujarat Peanut & Agri Products Ltd. | SME | ₹23.81 Cr | ₹80 | 8.97 | ₹67.20 | -16.00% | ₹73.45 (+2.01%) |
| Shivashrit Foods Ltd. | SME | ₹70.03 Cr | ₹142 | 16.44 | ₹141.45 | -0.39% | ₹120.90 (-4.54%) |
| Chemkart India Ltd. | SME | ₹80.08 Cr | ₹248 | 9.71 | ₹259.45 | +4.62% | ₹160.60 (+4.97%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the setting up of Unit-V | 17.38 |
| 2 | Funding capital expenditure for the setting up of Unit-VI | 19.64 |
| 3 | Pre-payment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company | 20.00 |
| 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 | 10.00 |
| 5 | Funding long-term working capital requirement of the Company | 15.00 |
| 6 | General Corporate Purposes | |
| Total | 82.02 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 51.74% | 85.58% |
| Debt/Equity | 0.57 | 1.25 |
| RoNW | 35.85% | 84.28% |
| PAT Margin | 11.00% | 8.91% |
| EBITDA Margin | 15.90% | 13.01% |
Lead Manager Reports
Functional & Innovative IPO is a main-board IPO of 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Functional & Innovative IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Functional & Innovative IPO using UPI as a payment gateway. Zerodha customers can apply in Functional & Innovative IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Functional & Innovative IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Functional & Innovative IPO dates are not announced. Please check back again after some time.
Functional & Innovative IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Functional & Innovative IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Functional & Innovative IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Functional & Innovative IPO allotment status.
The Functional & Innovative IPO listing date is not yet announced. The tentative date of listing is .
