BENGALURU: iD Fresh Food, identified for its ready-to-cook merchandise equivalent to idli and dosa batter, plans to go public by October 2027, its chairman & world CEO P C Musthafa stated. The Bengaluru-based company is getting ready for an IPO as a part of its long-term development technique. “We should be able to demonstrate growth and ebitda well to our investors by then,” Musthafa informed TOI in an interview.
The company plans to shut the 2024-25 monetary 12 months at Rs 680 crore in whole income. This marks a rise of Rs 126 crore from the earlier 12 months. At earnings earlier than curiosity, taxes, depreciation and amortisation (ebitda) stage, it goals to shut the 2024-25 monetary 12 months with a margin of 9%, doubling from the corresponding interval final 12 months. Future targets embody Rs 875 crore in income with a 15% ebitda margin in the 2025-26 monetary 12 months and Rs 1,100 crore with a 20% margin in the 2026-27 monetary 12 months.
iD Fresh Food has raised $119 million from traders equivalent to Premji Invest and NewQuest Capital Partner, in accordance to Tracxn knowledge. The company, based in 2005, has its largest manufacturing unit in Bengaluru. Other company-owned factories are in Mumbai, Hyderabad, and the UAE, with one deliberate in Chennai. In cities equivalent to Visakhapatnam, Kochi, and Kolkata, it companions with third-party producers. (*2*)
The company has been increasing its product choices. This 12 months, it launched a spread of chutneys, which reached Rs 1.5 crore in month-to-month income inside a 12 months. Its specialty batter vary, launched 4 months in the past, is producing Rs 1 crore monthly, whereas its expanded paratha enterprise is bringing in Rs 50 lakh month-to-month.
