IPO · Commerce & Consumer Brands

Ferns N Petals plans IPO by 2028

By Startup Enthusiast · 29 July 2026

What they do

Ferns N Petals sells flowers, cakes, and personalised gifts online and in stores

The company plans an IPO by end of 2028 to fund expansion and acquisitions

It targets 350 stores by FY28 and 25% annual revenue growth

Ferns N Petals plans to launch an IPO by the end of 2028.
The company will use the IPO proceeds for expansion and acquisitions in the gifting space.
It targets annual revenue growth of about 25% over the next few years.
In FY26, revenue was Rs 1,085 crore, up 25% year-on-year.
The company aims for a core earnings margin of 5-6% this fiscal, up from 2.5% last year.
It plans to expand into Malaysia and additional Gulf markets.
The retail footprint target is 350 stores by FY28, from about 280 currently.

The IPO will help Ferns N Petals scale its omnichannel presence and enter new geographies.
Improving margins show the company is becoming more profitable.
The gifting market in India is growing rapidly, and Ferns N Petals wants to capture more share.

Ferns N Petals is an omnichannel gifting platform selling flowers, cakes, and personalised gifts.
It sells through its website, third-party e-commerce marketplaces, company-owned stores, and franchise outlets.
The company operates in India, UAE, Singapore, Saudi Arabia, and Qatar.
India contributes about 55% of total revenue.
It also runs hospitality and wedding ventures: Udman Hotels and FNP Weddings and Events.
The company has raised about $27 million in total funding.
Key investor is Lighthouse.

Launch IPO by end of 2028.
Use proceeds for expansion and acquisitions in gifting.
Expand into Malaysia and additional Gulf markets.
Open company-owned stores in metro cities and franchise-led stores in smaller towns.
Reach 350 stores by FY28.