Overview

• The offer is expected to include a $200 million fresh issue and a $150–200 million offer for sale, according to people familiar with the plan.
• The Tiger Global-backed company has reclassified as Infifresh Foods Ltd and used SEBI’s confidential route, with shares to list on NSE and BSE after approvals.
• Regulatory filings show the board approved a special resolution this month authorizing the fresh issuance of shares.
• Sources report FY25 profitability with about INR 3,200 crore in revenue, INR 120 crore EBITDA, and INR 40 crore net profit.
• Ahead of the float, the firm appointed three independent directors and earlier raised roughly INR 250 crore in a pre-IPO round from investors including Prosus, Accel, and Tiger Global.