HyFun Foods plans ₹2,000 crore IPO
By Abha Lohia ·
- HyFun Foods makes frozen foods like French fries, supplying restaurant chains and retailers, with exports to over 40 countries
- It aims to raise up to ₹2,000 crore in an IPO by late 2028, mostly through fresh shares
- Preparations start in mid-2027, and revenue is expected to more than double to nearly ₹3,500 crore by FY2028
What happened
- HyFun plans an IPO of up to ₹2,000 crore.
- Listing targeted by late 2028.
- Preparation begins in mid-2027.
- Issue mostly new shares to fund capacity.
Why it matters
- Frozen food demand is rising with quick commerce.
- Domestic sales are expected to grow in share.
The business
- Makes frozen fries, pizzas and dumplings.
- Exports to 40+ countries, about three-fourths of revenue.
- Export share expected to fall to about half in five years.
The founders
In numbers
nearly ₹3,500 CrRevenue target FY2028
What happens next
- IPO preparation from mid-2027
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