The French frying pan-hipun Foods Eyes IPO by 2028 is aimed at the income of 1,500 crore in this fiscal: report

Frozen Potato Products Manufacturer, Hyfun Foods, intends to launch an initial public offer (IPO) by 2028 and aims to achieve £ 1,500 crore in turnover for the financial year 2025-26, reports the PTI news agency, referring to the MD and Group CEO, HarSh Karamchandani. Products in both domestic and international markets. Using the new facility, the company will target fundraising via the IPO route on the Indian stock market in 2028, according to the agency report. What will the company use the funds? Harsher Karamchandani, together with executive director Kamlesh Karamchandani, said the funds raised from the IPO will be reinvested in the expansion to raise growth opportunities. “Then we plan to continue to invest in further expansion to utilize the growth potential,” they told the news agency. The company is also reportedly a large capacity of frozen French braai line, a frozen potato specialty line for which they want to invest £ 1,000 in 2025. “We are investing almost about £ 1,000 this year,” they told the news agency. Future Outlook Hyfun Foods expects a ‘good uptake’ in the consumption of frozen foods in the Indian market due to the reduction in the tax on goods and services (GST) on processed foods. According to the agency report, the firm focuses on expansion plans as it invests in large manufacturing facilities to increase its product portfolio. “In general, we are doing around £ 1,500 sales this year,” they said, the news agency reports. The company also emphasized that it will focus on exports on the Southeast Asia, the Middle East and the Far East markets. “We focus mainly on South East Asia, the Middle East, Far East, and because these countries were introduced from Europe and the US earlier, India is now appearing as an alternative supplier,” Karamchandanis told the news agency. They also emphasized that comfort is a big factor that drives the growth of frozen food in the local market. “We do not limit ourselves to potato -based products, but also many other products, because Indian consumers need a lot of variety. So, in general, we look at the opportunity, we want to take advantage of the opportunity to offer India,” they said. However, the firm also said it has no plans to establish foreign manufacturing facilities for Hyfun Foods.